Vertical: SEMIBase Year: 2018
Market Size (2018)
$37.11B
Projected (2025)
$92.18B
CAGR (2015–2025)
13.6%
Key Players
19+
Various governments across the world are taking initiatives to replace traditional streetlights with LEDs in order to reduce the energy consumption and costs associated with it. The Government of Germany, as well as countries such as the Netherlands, Norway, Spain, and Italy (considered in the rest of Europe), are also making regulations for replacing fluorescent lamps with LED lights aiming at supporting the environmental “Green Agenda” of the region. Government initiatives and the increasing developments in the smart cities supported by high investment by key players in the region are expected to boost the market growth of US & Europe smart streetlights.
By product, the market has been segmented into lighting controls, access control, surveillance, HVAC control, and others. The surveillance segment is estimated to dominate the market in 2018, and the trend is expected to remain the same throughout the forecast period. The surveillance segment is further sub-segmented into security cameras, storage and monitoring devices, and others. However, the access control segment is projected to register the highest CAGR during the forecast period.
By standard, the market has been segmented into KNX, Zigbee, Z-Wave, EnOcean, BACnet, DALI, Wi-Fi, and Infrared. The Wi-Fi segment is estimated to dominate the market in 2018. However, BACnet is segment is projected to register the highest CAGR during the forecast period. By end user, the market has been segmented into smart home and smart office. Smart home segment dominated the market in 2018. Within the smart home market, the new constructions generated the highest market revenue in 2018, and it is projected to register the highest CAGR during the forecast period. The emergence of smart homes and the Internet of things (IoT) technology has driven the adoption of smart home systems. Furthermore, the increase in stringency for energy-efficient building drive the adoption of smart technology in new house constructions.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to dominate the market in 2018. Rising government initiatives to support energy-efficient lighting systems in offices and residencies is accelerating the growth of the market in this region. Furthermore, Asia-Pacific is projected to register the highest CAGR during the forecast period. China and Japan are among the prominent countries in the region.
The global smart home and office market comprises various component manufacturers, government research firms, universities, and technical institutes that engage in developing and making advancements in the automation industry. The major players considered in the scope of the study are ABB Limited, Siemens AG, Gira Giersiepen GmbH & Co. KG, Hager Group, MDT Technologies, Schneider Electric (Merten), Bosch Rexroth AG, Honeywell International, Johnson Controls International, United Technologies Corporation, ADT Inc, ASSA Abloy AB, Legrand SA, Ingersoll-Rand PLC, Lutron Electronics, Busch-Jaeger Elektro GmbH, Creston Electronics Inc., Samsung Electronics Co Ltd, Sony Corporation, and Eaton Corporation.
The Smart Home and Office Market market is projected to grow at a CAGR of 13.6% from 2015 to 2025.
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View Subscription PlansSmart homes are equipped with Internet-connected devices for controlling, automating, and optimizing functions such as temperature, lighting, security, and entertainment. These devices can be remotely controlled, monitored, and accessed by a phone, tablet, computer, or a separate system. A smart office is a workplace that leverages technology to automate routine tasks and helps optimize work. It uses advanced automated systems for various purposes such as lighting, temperature control, hot-desking, smart room booking, indoor navigation, security, and access control systems.
The use of technologies such as the Internet of things and machine learning in smart homes and offices encourages manufacturers to promote automation in the household and commercial sector. Furthermore, reduction in price of networking equipment and smart devices has led to a growing number of smart homes and offices globally.
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View Subscription PlansWantstats research is conducted by industry experts who offer insight into industry structure, market segmentation, technology assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
After estimating the market sizes and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.
DATA MINING
Data mining is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the components of the industry and their deployment, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.
SECONDARY RESEARCH
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, some paid databases and many others.
PRIMARY RESEARCH
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Solutions Developers and Device Manufacturers and Distributors: The data points received include-Market Size, Top of the Mind Key Market Players, Direct Competitors, Company Market Shares, Growth Rate (%), Market Trends and Prominent Market Drivers, Major Products/Software/Systems, Product/Service Cost, Commercial Availability, Regional Scenario (Americas, Europe, Asia-Pacific, and Middle East & Africa), Data Protection Policies and Other Regulatory Norms, and Upcoming Technologies
End Users: Adoption of New Technology, Acceptance Ratio, Product Costs, Commonly Used Products/Platforms/Software, and Preferred Deployment Methods
FORECASTING TECHNIQUES
We at Wantstats follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques as mentioned below.
Qualitative and Quantitative Analysis: A combination of qualitative approach, i.e., primary interviews with industry experts to understand the interviewees’ opinions and judgments, more commonly known as the Delphi method, and quantitative analysis to forecast future data based on historical and current data.
Weighted Average Approach: Via this approach, future data is calculated based on the mean of the past data under the assumption that some factors affecting the market in the past will continue to have a similar impact in the future. Drift Method This approach is used to vary the forecast, that is increase or decrease market factor over time depending on various parameters affecting the change in the trends of the market.
Time Series Methods: Integration of several time series methods such as moving average, moving weighted average, linear prediction, and trend estimation are applied while determining the year-on-year growth rate and the compound annual growth rate of the market being studied. Causal/Econometric Forecasting Methods Various economic factors such as inflation rate, fiscal policies, changes in government regulations, taxes, labour costs, and interest rates are taken into consideration while determining the current market size and predicting the future market growth rate.
Judgmental Methods: This involves collection of intuitive judgment, opinions, and probability estimates from industry experts in the case of new or upcoming markets/technologies for which no prior data is available. Regression Analysis This type of statistical modelling is carried out for predicting and forecasting dependent and independent variables that will directly or indirectly impact the market.
Probabilistic Forecasting: This forecasting method is carried out to assign a probability to every possible outcome ranging from the least optimistic to highly optimistic, which helps in gauging the market under stable conditions. PESTLE Analysis Political, economic, social, technological, legal, and environmental factors are taken into consideration while deriving the fluctuations in the growth rate of the market.
Porter’s Five Forces Analysis: By understanding the supplier-side and demand-side factors, the current market scenario can be estimated, and future market scenario predicted, which aid in deriving the growth rate of the market.
Wantstats research is conducted by industry experts who offer insight into industry structure, market segmentation, technology assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
After estimating the market sizes and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.
DATA MINING
Data mining is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the components of the industry and their deployment, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.
SECONDARY RESEARCH
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, some paid databases and many others.
PRIMARY RESEARCH
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Solutions Developers and Device Manufacturers and Distributors: The data points received include-Market Size, Top of the Mind Key Market Players, Direct Competitors, Company Market Shares, Growth Rate (%), Market Trends and Prominent Market Drivers, Major Products/Software/Systems, Product/Service Cost, Commercial Availability, Regional Scenario (Americas, Europe, Asia-Pacific, and Middle East & Africa), Data Protection Policies and Other Regulatory Norms, and Upcoming Technologies
End Users: Adoption of New Technology, Acceptance Ratio, Product Costs, Commonly Used Products/Platforms/Software, and Preferred Deployment Methods
FORECASTING TECHNIQUES
We at Wantstats follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques as mentioned below.
Qualitative and Quantitative Analysis: A combination of qualitative approach, i.e., primary interviews with industry experts to understand the interviewees’ opinions and judgments, more commonly known as the Delphi method, and quantitative analysis to forecast future data based on historical and current data.
Weighted Average Approach: Via this approach, future data is calculated based on the mean of the past data under the assumption that some factors affecting the market in the past will continue to have a similar impact in the future. Drift Method This approach is used to vary the forecast, that is increase or decrease market factor over time depending on various parameters affecting the change in the trends of the market.
Time Series Methods: Integration of several time series methods such as moving average, moving weighted average, linear prediction, and trend estimation are applied while determining the year-on-year growth rate and the compound annual growth rate of the market being studied. Causal/Econometric Forecasting Methods Various economic factors such as inflation rate, fiscal policies, changes in government regulations, taxes, labour costs, and interest rates are taken into consideration while determining the current market size and predicting the future market growth rate.
Judgmental Methods: This involves collection of intuitive judgment, opinions, and probability estimates from industry experts in the case of new or upcoming markets/technologies for which no prior data is available. Regression Analysis This type of statistical modelling is carried out for predicting and forecasting dependent and independent variables that will directly or indirectly impact the market.
Probabilistic Forecasting: This forecasting method is carried out to assign a probability to every possible outcome ranging from the least optimistic to highly optimistic, which helps in gauging the market under stable conditions. PESTLE Analysis Political, economic, social, technological, legal, and environmental factors are taken into consideration while deriving the fluctuations in the growth rate of the market.
Porter’s Five Forces Analysis: By understanding the supplier-side and demand-side factors, the current market scenario can be estimated, and future market scenario predicted, which aid in deriving the growth rate of the market.
RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
Both, top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets of the parent market. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from Wantstats and has been presented in this report.
BOTTOM-UP APPROACH
In the bottom-up approach, the revenue of key companies and their shares in the market are assessed to deduce the market size. More than 45 key players operating in the market are studied. The segmental revenue of each player is analyzed, and the size for the market is extracted from the segmental/product revenue with the help of secondary and primary research. The extracted size for the market is then validated with industry experts and partner consultants. This derived market size contributes to around 65%–70% of the total market share in terms of revenue for the US and Europe smart streetlight market. Using the data triangulation method, the overall market size is estimated.
TOP-DOWN APPROACH
The overall market size is then used in the top-down procedure to estimate the size of the other sub-markets with the help of percentage splits of the market segments from secondary and primary research. The demand-side analysis is conducted, in which the expenditure of major industry players in each region is studied.
DATA TRIANGULATION
After arriving at the overall market sizes, the total market is divided into several segments and sub-segments. Again, the market breakdown and data triangulation procedures are implemented, wherever applicable, to complete the overall market engineering process and gather the exact statistics for all segments and sub-segments. The data is triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size is validated using the top-down and bottom-up approaches.
VALIDATION
Validation is the most important stage of the report making process. Validation via an intricately designed feedback process helps us finalize the sizing estimates and forecast for the final collation. Extensive primary research is performed to verify the information. This includes telephonic and personal interviews, e-mails, feedback forms, questionnaires, and polling options/answers with a group of relevant industry participants. Validation helps to duly check the authenticity of the key industry trends, market dynamics, company market share, different business models, and conclusions.
Base Year
2018
Historical Period
2015 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2015–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global smart home and office market is characterized by the presence of a number of global, regional, and local vendors. The market is highly competitive, with all the players competing to gain a prominent market share. Strong competition, rapid advances in smart city and home technology, the growing need for energy-efficient building, and increasing government initiatives toward smart infrastructure are the driving factors for the smart home and office market. However, the lack of technical expertise and infrastructure in developing countries is expected to be a restraining factor for the global smart home and office market. The competition in the home automation industry is rapidly increasing owing to the entry of new players in the market serving various application areas. The vendors compete based on service cost, reliability, popularity, ease of use, technology used, and services. It is crucial for vendors to provide cost-efficient and high-quality services to survive and succeed in the market.
The industry is expected to remain competitive with frequent acquisitions and strategic alliances adopted by the key players as a part of their business strategy to increase the industry presence. Companies aim at optimizing their products and further develop value-added capabilities to maximize their margins. Manufacturers focus on improving their efficiency by reinforcing their production units and supply-chains to reduce the delay in production turn-around-times (TAT) and supply-lead-times. Several manufacturers possess in-house assembly of the automation systems, and some outsource the assembly/integration process to cut down the cost of assembly. The global smart home and office market include companies that are continuously developing new technology for expansion to solidify their market position. It is important for manufacturers to provide products compliant with industry standards and advanced technology to maintain their market position and gain a competitive advantage.
Key players in the smart home and office market include ABB Limited, Siemens AG, Gira Giersiepen GmbH & Co. KG, Hager Group, MDT Technologies, Schneider Electric (Merten), Bosch Rexroth AG, Honeywell International, Johnson Controls International, United Technologies Corporation, ADT Inc, ASSA Abloy AB, Legrand SA, Ingersoll-Rand PLC, Lutron Electronics, Busch-Jaeger Elektro GmbH, Creston Electronics Inc, Samsung Electronics Co Ltd, Sony Corporation, and Eaton Corporation.
Vendors in the global smart home and office market are focusing on improving their technologies, R&D capabilities, and upgrading their products. Siemens AG has deployed several intelligent security solutions at Vodafone Campus in Germany, including fire and safety solutions, integrated access control solutions, alarm systems, and video surveillance solutions, which can be maintained and controlled by a connected control center. This real-time intelligent security solution has made Vodafone Campus in Germany safe and secure. ABB showcase new solutions for smart homes. It includes ABB-secure@home, which is an intrusion and alarm system used in residential properties. Control4 Corporation launched a new Control4 KNX solution integrated with KNX support. Integrating KNX products with Control 4 helps in increasing Control4’s product base. The new product line offers enhanced smart home experience in countries such as Australia, China, Germany, Singapore, and the UK. Johnson Controls recently launched GLAS, a smart thermostat for residential buildings. The thermostat offers a voice control interface equipped with Amazon Alexa, Google Assistant, and Microsoft Cortana. The major players may strengthen their presence in the global smart home and office market through the mergers and acquisitions of local players for expanding their product/service offering in the market during the forecast period. Therefore, vendors must provide products by using new technologies that could affect the continuing competitiveness of their product lines in the global smart home and office market.
Michael Porter’s Five Forces model provides a framework to study the global smart home and office market. Strategic business managers, trying to gain an edge over competing firms in the global smart home and office market can utilize this model to better understand the industry in which the firm operates. The components of each of the forces and the degree of impact of each component in the context of the global smart home and office market have been broken down and analyzed.
Market estimates by geography (2025)
InsightNorth America leads with $27.08B by 2025, while Asia Pacific is projected to grow fastest at a 17.3% CAGR.
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View Subscription Plans| REGION | 2015 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $9.43B | $15.59B | $27.08B | 11.1% | 29% |
| Asia Pacific | $5.44B | $11.75B | $26.70B | 17.3% | 29% |
| Europe | $7.49B | $13.88B | $27.02B | 13.7% | 29% |
| Rest of the World | $3.45B | $6.35B | $11.37B | 12.7% | 12% |
| Total | $25.81B | $47.58B | $92.18B | 13.6% | 100% |
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View Subscription PlansTotal Market Size
$92.18B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Smart Home | $65.07B | 13.0% | 71% |
| Smart Office | $27.11B | 15.1% | 29% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Smart Home and Office Market covering market dynamics, competitive landscape, and strategic outlook.
The Smart Home and Office Market market is projected to reach $92.18B by 2025, growing at 13.6% CAGR. The Smart Home segment holds the largest share.
The global smart home and office market is expected to register high growth in the coming years owing to factors such as growing need for energy-efficient buildings, growing ownership of Internet-enabled smart devices and rising concerns regarding safety, security, and public convenience. Furthermore, integration with 5G technology and favorable government regulations regarding green building initiatives are expected to boost the growth of the market in the coming years. However, a lack of technical expertise and poor infrastructure in some of the developing and underdeveloped countries are major challenges for the growth of the smart building market. Also, factors such as high switching and installation cost, and risk of data breach and device malfunctioning are expected to hamper the growth of the market.
Energy efficiency is a key factor in a country’s economic growth. Due to the increasing global warming and government stringency along with it, there has been a growing need to reduce energy consumption as well as carbon pollution. The home and office buildings account for a significant percentage of the world’s total energy consumption. According to a survey conducted by the International Energy Agency (IEA), the buildings consumes 42% of the total generated electricity globally. With the increasing urbanization in developing countries, the number and size of smart buildings are expected to increase, leading to an increased demand for energy-efficient building solutions. Moreover, climate change fuels the demand for energy efficiency in residential and commercial complexes for space heating and cooling, water heating, temperature control, and lighting. Additionally, energy consumption is higher in the building in industrialized countries, and the importance of energy-efficient buildings is significant in developing countries, that drives the growth of the market. Many enterprises are focused on implementing technologies for more efficient heating, air conditioning, and lighting which enables buildings to use less energy, further reducing greenhouse gas emissions.
Energy-efficient buildings offer energy savings, comfort of living and working, low maintenance costs and reduced usage of electricity for office machinery and domestic appliances. Moreover, in industrialized countries, factors such as government policies for smart offices and buildings, codes for energy efficiency in new construction plans, and compliance with energy-efficient standards in various industries are increasing the adoption of energy-efficient buildings. In addition, energy-efficient buildings provide better financial returns for SMEs and large enterprises, reduce emissions that cause climate change, and reduce health hazards due to air pollution, which further increases the adoption of smart offices.
The fifth generation of mobile and cellular technologies—5G—is expected to impact a wide range of IT technologies and services, including smart home and office. With the integration of 5G cellular technologies, smart home technologies, along with IoT, will be able to manage building infrastructure, systems, and services more efficiently. The 5G technology will allow the office building contractors with enhanced facility and space management, maintenance management, sustainability & energy management. Intelligent lighting will help conserve electricity in smart homes and offices. This technology enables connection and control of devices including air conditioners, refrigerators, and heaters, using a smartphone. Furthermore, 5G brings reliability, scalability, and security to several critical smart home and office services. Moreover, new network infrastructure will power the 5G networks to offer interconnectivity among smart homes and office buildings. This presents an opportunity for various smart technology vendors with a massive rise in the number of IoT devices adopting 5G technology. In addition, 5G technology will allow the operators to swiftly process and transfer a large amount of data across a diverse range of devices, providing a better user experience.
With a rising focus on energy efficiency, renewable energy, and reduction of CO2 emissions in the environment, there is an increased demand for expert workers. Moreover, the emerging economies do not have smart infrastructure to be able to develop and adopt smart automation solutions. Few of the companies in Africa and Asia-Pacific are reluctant to realize the importance of leveraging smart technology to fuel growth. Furthermore, the overall awareness regarding the benefits of smart building technologies along with the complexity associated with it are a few challenges in the adoption of smart infrastructure. A number of operators have little or no technical expertise to analyze a large amount of data, which can lead to more training and understanding of the technologies. A number of SMEs in developing countries are refraining from adopting high-end infrastructure owing to the costs and lack of funding for building upgrades including smart technology. In addition, many construction professionals are required to be trained in analytical skills and smart building technology. With digitization in the various industries, organizations need professionals who possess key competencies and can work with smart infrastructure. The shortage of skilled workers and poor IT infrastructure hampers the adoption of smart technologies in developing countries.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 105 companies operating in the Smart Home and Office Market market, including revenue, employee count, and market positioning where available.
Showing 105 of 105 companies
Company Headquarters: US Founded: 1874 Workforce: ~17,000 Company Working: ADT Inc. is a leading provider of commercial security systems and services. The company offers home and business automation solutions, which include temperature, burglary, flood, fire and smoke, and medical alert monitoring. ADT also provides security cameras, remote access, and wireless home security systems. The company’s monitored security and automation offerings include installation and monitoring of security and premises automation systems, which are used to detect intrusion, sense movement, smoke, fire, temperature carbon monoxide, control access, flooding, and other environmental conditions and hazards. The company’s automation solutions enable customers to remotely monitor and manage their commercial and residential environments through the addition of automation capabilities to its monitored security systems. These automation solutions will also help customers to create customized schedules and automation to manage thermostats, lights, appliances, and garage doors.
Company Headquarters: Ireland Founded: 1871 Workforce: 44,664 Company Working: Ingersoll-Rand PLC is a leading company in home and building automation. The company also works in enhancing commercial industry productivity, transporting food and perishables, deliver efficient and reliable transportation solutions. The company operates through two segments: climate and industrial. The climate segment delivers energy-efficient products and services. The segment offers heating and air conditioning, which provide heating, ventilation, and air conditioning (HVAC) systems, temperature control solutions and commercial and residential building services, parts, support, and controls. The industrial segment offers power tools, material handling systems, compressed air and gas systems, and services. The company sells these products under the following brand names: Club Car, Ingersoll Rand, Thermo King, Nexia, and Trane. In which Nexia and Trane provides home and office automation systems. The company sells its products in more than 100 countries in Europe, the Middle East, Asia, and the Americas.
Company Headquarters: Farmington, Connecticut, US Founded: 1934 Workforce: ~77,200 Company Working: United Technologies Corporation (UTC) provides technology products and services to the building systems and aerospace industries. It operates through four business segments, namely, Otis, Carrier (formerly referred to as UTC Climate, Controls, and Security), Pratt and Whitney, and Collins Aerospace Systems (a combination of the segment formerly referred to as UTC Aerospace Systems and Rockwell Collins). The Collins Aerospace Systems segment covers electric power generation, power management, and distribution systems, air data and aircraft sensing systems, engine components, engine control, intelligence, surveillance, and reconnaissance systems, environmental control systems, fire and ice detection and protection systems, propeller systems, engine nacelle systems, aircraft lighting and seating and cargo systems, actuation and landing systems, space products and subsystems, and aftermarket services. Pratt and Whitney, which functions as a subsidiary of United Technologies Corporation, is among the world’s leading suppliers of aircraft engines and Auxiliary Power Unit (APUs) for the commercial, military, business jet, and general aviation markets globally. The company offers engine nacelle systems through its Collins Aerospace systems segment. Furthermore, the company also offers MRO services for nacelle systems and has 8 MRO sites across the globe.
Company Headquarters: Germany Founded: 1905 Workforce: ~1,200 Company Working: Gira Giersiepen GmbH & Co. KG (Gira) is a leading supplier for intelligent system solutions for electronic and networked digital building control systems. Gira provides products and services in building technology, design line, and door communication. It provides products such as socket outlets, manual lighting control, automatic lighting control, dimming, DALI lighting control, LED lighting and orientation, security, air conditioning/heating control, data and communication connection technology, audio systems, blind control, keyless in, surface-mounted installation, outdoor installation, international product range. The company has a wide presence globally.
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Sales Leader, Bamberg
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Account and Business Manager, EFS-Holland BV
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Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
