Smart Home Market: By Product Segments, Application, Software, Trends, Size, Share, Analysis, 2016-2022

Smart Home Market: By Product Segments, Application, Software, Trends, Size, Share, Analysis, 2016-2022

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According to the report, the global smart home market was valued at around USD 24.10 billion in 2016 and is expected to reach approximately USD 53.45billion in 2022, growing at a CAGR of slightly above 14.5% between 2017 and 2022. The advanced technology has enabled various devices to be connected and controlled by one device and this technology is used by smart homes.




According to the report, the global smart home market was valued at around USD 24.10 billion in 2016 and is expected to reach approximately USD 53.45billion in 2022, growing at a CAGR of slightly above 14.5% between 2017 and 2022.

Smart home refers to a residential extension of building automation and involves automation of lighting, ventilation, heating, air conditioning, and security as well as home appliances such as washer and dryers, ovens or refrigerators that use WiFi for remote monitoring. At present many new homes are being built with the additional wiring and controls which are required to run advanced home automation systems.

Rising need for consumer convenience, safety, and security, energy consumption is the major driver of the smart home market. The real estate industry is expected to spur the demand of the smart home market. However, in few regions, home automation products have reached saturation level which is the major restraints for the smart home market. Another factor which is hindering the smart home market growth is its high installation cost and lack of standardization. Furthermore, low awareness about home automation is hampering the growth of the smart home market. Nonetheless, high-end devices coupled with technologically advanced features will escalate the smart home market demand over the forecast period. cloud-based solutions also provide new opportunities to impel the demand of smart home market over the forecast period.

Global-Smart-Home-Market

The smart home market is segmented into the product, software, and region. By product the smart home market is segmented smart kitchen, security access control, lighting control, home healthcare, HVAC control and others. among this product, light control is dominating the smart home market owing to reduced electricity consumption in homes. The software is used in the smart home are proactive and behavior.

At present, North America is dominating the smart home market. Europe is witnessing significant growth due to increased demand for home appliances such as fitness band, wireless devices, and others. The major players in the smart home market in Europe are Siemens AG, ABB Ltd., Schneider Electric S.A., Ingersoll-Rand Plc, Tyco International Ltd., Legrand S.A. Asia Pacific is expected to show the highest growth over the forecast period due to reducing constraints of the high installation cost of smart home appliances by continuous investment in R&D activities. Asia-Pacific region is witnessing significant growth due to a number of new residential projects and efforts for strengthening building infrastructure at a significant rate. Latin America is also expected significant growth due to economically developing countries.

The smart home market is classified on the basis of product and software. The products involved in smart homes are the smart kitchen, home healthcare, lighting control, HVAC control, security and access control. From these segments, lighting control is expected to grow at highest CAGR as it reduces electricity consumption. On the basis of software, the smart home market is segmented into behavior and proactive software.

Some of the renowned participants in smart home space  Ingersoll-Rand plc., Legrand, Siemens AG, Johnson Controls Inc., Schneider Electric SE,  ABB Ltd., Acuity Brands, Inc., Samsung Electronics Co.,  United Technologies Corporation, Ltd., Nest Labs, Inc., Honeywell International Inc. and Crestron Electronics. Inc among others.

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global smart home market, 2016 – 2022, (USD Billion)
    • 2.2. Smart home market: Market snapshot
  • Chapter 3. Global Smart home market – Industry Analysis
    • 3.1. Smart home market: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rising need for energy efficient solution
    • 3.3. Restraints
      • 3.3.1. High installation cost
      • 3.3.2. Limited consumer demand
    • 3.4. Opportunity
      • 3.4.1. High-end devices coupled with technologically advanced features
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by product segment
      • 3.6.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Smart Home Market – Competitive Landscape
    • 4.1. Company market share analysis, 2016 (Subject to data availability)
  • Chapter 5. Global Smart Home Market –Product Segment Analysis
    • 5.1. Global smart home market revenue share, by product, 2016 & 2022
    • 5.2. Global smart home market by smart kitchen, 2016-2022(USD Billion)
    • 5.3. Global smart home market by security & access control, 2016-2022(USD Billion)
    • 5.4. Global smart home market by lighting control, 2016-2022(USD Billion)
    • 5.5. Global smart home market by home health care, 2016-2022(USD Billion)
    • 5.6. Global smart home market by HAVC, 2016-2022(USD Billion)
    • 5.7. Global smart home market by others, 2016-2022(USD Billion)
  • Chapter 6. Global Smart Home Market – Software Segment Analysis
    • 6.1. Global smart home market revenue share, by software, 2016 & 2022
    • 6.2. Global smart home market by behavior, 2016-2022(USD Billion)
    • 6.3. Global smart home market by proactive, 2016-2022(USD Billion)
  • Chapter 7. Global Smart Home Market – Regional Analysis
    • 7.1. Global smart home market: Regional overview
      • 7.1.1. Global smart home market revenue share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America smart home market revenue, by product 2016 – 2022 (USD Billion)
      • 7.2.2. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe smart home market revenue, by product, 2016 – 2022 (USD Billion)
      • 7.3.2. Europe smart home market revenue, by software, 2016– 2022 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
      • 7.4.2. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America smart home market revenue, by product, 2016– 2022 (USD Billion)
      • 7.5.2. Latin America smart home market revenue, by software, 2016– 2022 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. The Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
      • 7.6.2. The Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Ingersoll-Rand plc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Legrand
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Siemens AG
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Johnson Controls Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Schneider Electric SE
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent development
    • 8.6. ABB Ltd.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Acuity Brands, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. United Technologies Corporation
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Samsung Electronics Co.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Nest Labs, Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Honeywell International Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Crestron Electronics, Inc.
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments

List of Figures

1. Global smart home market segmentation by product, service product, software, and geography
2. Global smart  home market, 2016 – 2022  (USD Billion)
3. Porter’s five forces analysis:  Smart  home market
4. Global smart home market attractiveness, by product, 2016
5. Global smart home market attractiveness, by software, 2016
6. Global smart home market attractiveness, by region, 2016
7. Global smart home market revenue share, by product, 2016 & 2022
8. Global smart home market by smart kitchen, 2016-2022(USD Billion)
9. Global smart home market by security & access control, 2016-2022(USD Billion)
10. Global smart home market by lighting control, 2016-2022(USD Billion)
11. Global smart home market by home health care, 2016-2022(USD Billion)
12. Global smart home market by HVAC control, 2016-2022(USD Billion)
13. Global smart home market by others, 2016-2022(USD Billion)
14. Global smart home market revenue share, by software 2016 & 2022
15. Global smart home market for behavior, 2016-2022(USD Billion)
16. Global smart home market for proactive, 2016 – 2022 (USD Billion)
17. Global smart home market revenue share, by region, 2016 – 2022
18. North America smart  home market, 2016 – 2022,  (USD Billion)
19. Europe smart  home market, 2016 – 2022,  (USD Billion)
20. Asia Pacific smart  home market, 2016 – 2022(USD Billion)
21. Latin America smart  home market, 2016-2022 (USD Billion)
22. The Middle East & Africa smart  home market, 2016 – 2022, (USD Billion)


List of Tables
1. Global smart home market snapshot
2. Drivers for smart  home market: Impact analysis
3. Restraints of smart  home market: Impact analysis
4. North America smart home market revenue, by product, 2016 – 2022 (USD Billion)
5. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
6. Europe smart home market revenue, by  product, 2016 – 2022 (USD Billion)
7. Europe smart home market revenue, by software, 2016 – 2022 (USD Billion)
8. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
9. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
10. Latin America smart home market revenue, by product, 2016 – 2022 (USD Billion)
11. Latin America smart home market revenue, by software, 2016 – 2022 (USD Billion)
12. The Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
13. The Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)

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