With the home automation market predicted to exceed $115 billion by 2026, ABB recently showcased its innovations in digitalisation, safety and security, and interoperability.
The home automation market is set to experience a predicted Compound Annual Growth Rate (CAGR) of more than 6 percent between 2017 and 2026, driven by immense interest in energy efficiency as well as the digital control of home lighting, security and other consumer systems.
At IFA 2018, the company showcased its ABB Ability™ portfolio of connected and software-enabled solutions for the smarter home and mobility segments, which span the entire value chain, from the point-of-power generation to socket.