Honyar
Electrical and smart home systems solutions provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$1.6m | Series A | ||
| Total Funding | 000k | ||
Founded in 1981, Hangzhou Honyar Electrical Co., Ltd. is a large-scale enterprise specializing in building electrical systems. The company pioneered the 86-type electrical switch and socket in China in 1982, which was a significant development in the country's electrical appliance industry. Over the decades, Honyar has expanded its portfolio to include four main product groups: electrical engineering, smart lighting, whole-house intelligence, and plumbing and piping systems. The company operates as an integrated supplier of system solutions for these areas.
In 2010, Honyar entered the LED lighting sector, introducing the concept of "wisdom lighting." A major strategic shift occurred in 2016 when the company ventured into the smart home market. Honyar proposed the strategy of using smart panels (switches and sockets) as the primary interface for smart home systems. This approach has been well-received, and the company holds numerous patents in the smart panel sector. Honyar has collaborated with Alibaba to develop the "Honyar & Alibaba Cloud Link Whole House Smart System," advancing a "cloud + terminal" model for smart homes. The company's actual controller became "China Electronics Technology Group Co., Ltd." (CETC) in June 2021, following the merger of "China Potevio" into CETC.
Honyar's business model focuses on providing integrated systems for both residential and commercial applications, such as smart offices and campuses. It has transitioned from manufacturing traditional electrical products to becoming a high-tech provider of intelligent and energy-saving solutions for living and working environments. The company's product lines include switches, sockets, smart home products, LED lighting, pipes, and cables. Honyar has established a significant market presence, with its intelligent home wiring system holding the leading market share in China. The company operates through a strong sales network and serves both domestic and international markets, including Southeast Asia, Western Europe, and North America.
Keywords: building electrical systems, smart home solutions, intelligent lighting, whole-house intelligence, electrical switches, smart panels, IoT, system integration, architectural electric, LED lighting, plumbing systems, smart office, smart campus, cloud platform, electrical engineering