Relays & Switches - Smart Home Automation Market Statistics
The global relays & switches smart home automation market size was valued at US$ 1,597.8 million in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 24.5% from 2022 to 2030.
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Relays & switches - Smart home automation market highlights
- The global relays & switches segment generated a revenue of USD 1,597.8 million in 2022 and is expected to reach USD 9,220.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 24.5% by 2030.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Market summary
| Market revenue in 2022 | USD 1,597.8 million |
| Market revenue in 2030 | USD 9,220.7 million |
| Growth rate | 24.5% (CAGR from 2023 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
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Smart Home Automation Market Scope
Smart home automation market segmentation & scope
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| Overall | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall | 125610.59 | 135632.00 | 145665.25 | 155675.18 | 173413.38 | 183225.17 | 121210.59 | 211332.00 | 321465.25 | 341575.18 | 351713.38 | 361825.17 | 391465.25 | 7.93% |
| Overall | 125610.59 | 135632.00 | 145665.25 | 155675.18 | 173413.38 | 183225.17 | 121210.59 | 211332.00 | 321465.25 | 341575.18 | 351713.38 | 361825.17 | 391465.25 | 7.93% |
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