Market Overview:
The global connected homes market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy management systems, security and access control, and lighting control in residential and commercial buildings. North America is expected to hold the largest share of the global connected homes market in 2018, followed by Europe. Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
A connected home is a residence that is equipped with Internet-connected devices for controlling, monitoring, and optimizing functions such as lighting, climate control, security systems, and energy consumption. The term "connected home" has been used to refer to a range of different types of residences including new homes that are built with smart technology installed as well as pre-existing homes that have had various technologies retrofitted.
Energy Management Systems:
Energy management systems are the part of smart grid technology that is used to monitor and control energy usage in commercial and residential buildings. They help consumers reduce energy consumption by implementing automatic controls for HVAC, lighting, appliances, security & surveillance cameras as well as other devices connected to the home network.
The global ESSENTIAL (Electricity.
Security & Access Control:
Security and access control are the two aspects of a home automation system that allow users to remotely monitor and manage security-related operations such as opening and closing doors, windows, drawers, cabinets, etc. Additionally it also allows controlling lighting fixtures from any location using IP or Bluetooth enabled devices such as mobile phones or tablets.
Application Insights:
The business building segment accounted for the largest revenue share of over 40% in 2017. The demand for smart building solutions is increasing owing to various benefits offered by them, such as energy management, security & access control and lighting control. These systems help in tracking and controlling the usage of space through a building¢â‚¬â„¢s entire lifecycle from design to completion. This helps reduce electricity costs by 20%, while also improving aesthetics across buildings during construction and after completion.
The connected home system has numerous applications across different end-use industries including healthcare, retail stores/malls, hospitality/accommodation etcetera.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, growing adoption of smart devices and rapid urbanization in developing countries such as India and China. Moreover, rising government initiatives for improving public safety are anticipated to drive demand for connected homes in Asia Pacific over the forecast period.
North America accounted for a significant market share owing to early technology adoption by consumers coupled with high disposable income levels in U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for smart homes and home automation systems from consumers due to the growing awareness of the benefits of connected homes.
- Proliferation of low-cost, internet-connected devices such as sensors, thermostats, and security cameras that are driving down the overall cost of a connected home system.
- The increasing popularity of voice assistants such as Amazon Echo and Google Home, which are helping to drive consumer demand for connected home devices and services.
- The development of new technologies such as 5G wireless networks that will enable faster data transmission speeds and more reliable connectivity for smart home devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Homes Market Research Report
By Type
Energy Management Systems, Security & Access Control, Lighting Control
By Application
Dwelling, Business Building, Hotel, Others
By Companies
ADT, Honeywell, Vivint, Nortek, Crestron, Lutron, Leviton, Comcast, ABB, Acuity Brands, Alarm.com, Control4, Schneider Electric, Time Warner Cable, Siemens AG, Sonos, Savant, Nest, AMX, Legrand
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Connected Homes Market Report Segments:
The global Connected Homes market is segmented on the basis of:
Types
Energy Management Systems, Security & Access Control, Lighting Control
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dwelling, Business Building, Hotel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADT
- Honeywell
- Vivint
- Nortek
- Crestron
- Lutron
- Leviton
- Comcast
- ABB
- Acuity Brands
- Alarm.com
- Control4
- Schneider Electric
- Time Warner Cable
- Siemens AG
- Sonos
- Savant
- Nest
- AMX
- Legrand
Highlights of The Connected Homes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Energy Management Systems
- Security & Access Control
- Lighting Control
- By Application:
- Dwelling
- Business Building
- Hotel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Homes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Homes is a technology that allows you to control your home’s devices from anywhere in the world. This means you can access your thermostat, lights, and security system from any device with an internet connection.
Some of the key players operating in the connected homes market are ADT, Honeywell, Vivint, Nortek, Crestron, Lutron, Leviton, Comcast, ABB, Acuity Brands, Alarm.com, Control4, Schneider Electric, Time Warner Cable, Siemens AG, Sonos, Savant, Nest, AMX, Legrand.
The connected homes market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Homes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Homes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Homes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Homes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Homes Market Size & Forecast, 2020-2028
4.5.1 Connected Homes Market Size and Y-o-Y Growth
4.5.2 Connected Homes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Energy Management Systems
5.2.2 Security & Access Control
5.2.3 Lighting Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dwelling
6.2.2 Business Building
6.2.3 Hotel
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Homes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Homes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Energy Management Systems
9.6.2 Security & Access Control
9.6.3 Lighting Control
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dwelling
9.10.2 Business Building
9.10.3 Hotel
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Energy Management Systems
10.6.2 Security & Access Control
10.6.3 Lighting Control
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dwelling
10.10.2 Business Building
10.10.3 Hotel
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Energy Management Systems
11.6.2 Security & Access Control
11.6.3 Lighting Control
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dwelling
11.10.2 Business Building
11.10.3 Hotel
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Energy Management Systems
12.6.2 Security & Access Control
12.6.3 Lighting Control
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dwelling
12.10.2 Business Building
12.10.3 Hotel
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Energy Management Systems
13.6.2 Security & Access Control
13.6.3 Lighting Control
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dwelling
13.10.2 Business Building
13.10.3 Hotel
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Homes Market: Competitive Dashboard
14.2 Global Connected Homes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADT
14.3.2 Honeywell
14.3.3 Vivint
14.3.4 Nortek
14.3.5 Crestron
14.3.6 Lutron
14.3.7 Leviton
14.3.8 Comcast
14.3.9 ABB
14.3.10 Acuity Brands
14.3.11 Alarm.com
14.3.12 Control4
14.3.13 Schneider Electric
14.3.14 Time Warner Cable
14.3.15 Siemens AG
14.3.16 Sonos
14.3.17 Savant
14.3.18 Nest
14.3.19 AMX
14.3.20 Legrand
