Z-Wave Product Trends and Forecast
The future of the global z-wave product market looks promising with opportunities in the smart security, home management, connected aging, and energy management markets. The global z-wave product market is expected to grow with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are increasing demand for smart home automation, rising popularity of IOT devices, and growing government intiatives on the adoption of smart home technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Z-Wave Product by Segment
The study includes a forecast for the global z-wave product by product, application, and region.
Z-Wave Product Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Controllers
• Lighting Controllers and Devices
• Energy Meters
• Sensors
• HVAC
• On/Off Switches/Devices
• Others
Z-Wave Product Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Smart Security
• Home Management
• Connected Aging
• Energy Management
• Others
Z-Wave Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Z-Wave Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies z-wave product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the z-wave product companies profiled in this report include-
• Sigma Designs
• Honeywell
• LG
• Fakro
• AD
Z-Wave Product Market Insights
Lucintel forecasts that lighting controllers and devices is expected to witness highest growth over the forecast period.
Within this market, smart security will remain the largest segment due to growing demand for home security systems.
APAC is expected to witness highest growth over the forecast period due to growing adoption of smart home automation solutions in the region.
Features of the Z-Wave Product Market
Market Size Estimates: Z-wave product market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Z-wave product market size by product, application, and region in terms of value ($B).
Regional Analysis: Z-wave product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the z-wave product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the z-wave product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the growth forecast for z-wave product market?
Answer: The global z-wave product market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q.2 What are the major drivers influencing the growth of the z-wave product market?
Answer: The major drivers for this market are increasing demand for smart home automation, rising popularity of IOT devices, and growing government intiatives on the adoption of smart home technologies.
Q3. What are the major segments for z-wave product market?
Answer: The future of the z-wave product market looks promising with opportunities in the smart security, home management, connected aging, and energy management markets.
Q4. Who are the key z-wave product market companies?
Answer: Some of the key z-wave product companies are as follows:
• Sigma Designs
• Honeywell
• LG
• Fakro
• ADT
Q5. Which z-wave product market segment will be the largest in future?
Answer: Lucintel forecasts that lighting controllers and devices is expected to witness highest growth over the forecast period..
Q6. In z-wave product market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing adoption of smart home automation solutions in the region.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the z-wave product market by product ( controllers, lighting controllers and devices, energy meters, sensors, HVAC, on/off switches/devices, and others), application (smart security, home management, connected aging, energy management, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Z-Wave Product Market, Z-Wave Product Market Size, Z-Wave Product Market Growth, Z-Wave Product Market Analysis, Z-Wave Product Market Report, Z-Wave Product Market Share, Z-Wave Product Market Trends, Z-Wave Product Market Forecast, Z-Wave Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.