Z-wave Automation Market, By Device (Controllers, Energy Meters, HVAC, Lighting Controllers And Devices, Sensors, Switch Devices and Others), By Application (Entertainment, Energy Management, Home Management, Smart Security and Safety, and Others) By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034

Z Wave Automation Market size was value at USD 14.05 Billion in 2024, and expected to reach at USD 44.45 Billion by 2034, growing at CAGR of 13.5%

The advancement in wireless communication technology has evolved various procedures and measures of connecting multiple devices and systems through the wireless network. Z-wave is a wireless communication technique mostly used for security systems and automation in residential and small business applications. The most common application of Z-wave is in home appliances, locks and security systems, lightings, heating and cooling gadgets. Z-wave automation market is anticipated to register a significant growth rate during the forecast period 2024 – 2034.  

Impact of Covid-19 pandemic on market

The COVID-19 has attacked the social and economic condition of people across the world drastically. Countries across the globe are utilizing digital technologies to fight against the crisis. Digital technologies strongly depend on the availability of wireless communication systems to enable healthcare automation, monitor the spread of the virus, and use virtual education and conferencing. Despite the fact of COVID-19 crisis, the individuals coping to connect with wireless communication and home automation systems are likely to support the growth of the target market.

Z-wave automation is among the most widely used wireless technology and is considered to grow with a significant growth rate during the forecast period. The efforts and contribution of the Z-Wave Alliance to develop Z-Wave technology for smart home and IoT solutions is likely to boost the Z-wave automation market in the forecast period. The demand for automated technology in security devices and smart homes coupled with the development of commercial buildings and smart cities is expected to support the growth of the Z-wave automation market.

The slower rate of data transmission among Z-wave products may hamper the growth of the Z-wave automation market. Moreover, Z-wave doesn’t work in open protocol and requires licensing to work particularly on silicon receivers is expected to hinder the Z-wave automation market growth.

Major players have the opportunity to provide home automated solutions owing to the demand increases due to the adoption of IoT based smart buildings and home automation.

Z-wave automation market is segmented based on platform type, application, end-user, and region. On the basis of devices, the Z-wave automation market is segmented into controllers, energy meters, HVAC, lighting controllers and devices, sensors, switch devices, and others.

On the basis of application, the target market is segmented into entertainment, energy management, home management, smart security and safety, and others.

In the region, the Z-wave automation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the Z-wave automation market, due to the growing application of wireless technology in home automation and security solutions across the region, followed by Europe and Asia. The Z-wave automation market is rising steadily mainly in the U.S. and Europe.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the Z-wave automation market report based on device, application and region.

Z-Wave Automation Market, By Device:

• Controllers
• Energy Meters
• HVAC
• Lighting Controllers and Devices
• Sensors
• Switch Devices
• Others

Z-Wave Automation Market, By Application:

• Entertainment
• Energy Management
• Home Management
• Smart Security and Safety
• Others

Z-Wave Automation Market, By Region:

• North America
  • • U.S.
    • Canada
• Europe
  • • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
• Latin America
  • • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  • • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

The key players operating in the Z-wave automation market include ABB Ltd., Aeotec, Assa Abloy AB, Honeywell International Inc., Inovelli, Jasco Products Company, LLC, LG Electronics Inc., Nokia Corporation, Zooz, Z-Wave Products Inc., and many other players. Major players in the Z-wave automation market are highly fragmented and have various strategies of research and development to improve their footprints across the globe.

• ABB Ltd.* 
• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• Aeotec
• Assa Abloy AB
• Honeywell International Inc.
• Inovelli
• Jasco Products Company, LLC
• LG Electronics Inc.
• Nokia Corporation
• Zooz
• Z-Wave Products Inc.

“*” marked represents similar segmentation in other categories in the respective section