Smart homes are equipped with automated control of all types of home appliances and other domestic features using local networking or through remote devices. The demand for smart homes is gaining traction with the increasing awareness of protection and security from theft and energy saving. Furthermore, the rapid adoption of technologies and increasing awareness among people in developed nations in the North America market is one of the major reason for its dominance in the region followed by Europe and Asia Pacific region.
The smart home market is anticipated to grow in the forecast period owing to driving factors such as the growing base of internet users, coupled with the rapid adoption of smart devices. Also, the rising disposable income of the individuals is likely to augment the growth of the smart home market. However, the market is more convenience-driven and less necessity-driven. This factor may restrain the growth of the smart home market during the forecast period. On the other hand, growing awareness towards healthy lifestyle and concerns about safety and security offer a lucrative opportunity to the key players operating in the smart home market.
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The key players influencing the market are:
– ABB Ltd.
– Acuity Brands, Inc.
– Crestron Electronics, Inc.
– Honeywell International Inc.
– Hubbell Incorporated
– Johnson Controls International PLC
– Legrand SA
– Samsung Electronics Co Ltd
– Schneider Electric SE
– Siemens AG
This report contains:
- Market sizing for the global Smart Home
- Compare major Smart Home providers strategies and approaches to the challenges they face
- Analysis of the effects deglobalisation trends may have for Smart Home providers
- Profiles of major Smart Home providers
- 7-year CAGR forecasts for Smart Home -intensive vertical sectors
The global smart home market is segmented on the basis of product and solution. Based on product, the market is segmented as sensors, user interface devices, controllers, actuators, networking products, and others. On the basis of the solution, the market is segmented as HVAC control, security and access control, lighting control, entertainment control, and others.
Smart Home Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
Smart Home Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
Key Benefits
- This report provides a detailed study of Smart Home market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global Smart Home market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market analysis in terms of type and applications.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Smart Home market is provided.
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