Market Overview:
The global smart home solutions market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for energy-efficient and secure homes. Moreover, the growing awareness about the benefits of smart home solutions is also contributing to the growth of this market. The global smart home solutions market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into hardware, software (intelligent security system/energy management), and service (professional services and consulting). By application, it can be classified into security and surveillance, HVAC (heating ventilation air conditioning), lighting solutions,, building energy management,. Regionally speaking,, North America is anticipated to leadthesmart home solutionmarket duringthe forecast period owingto technological advancementsand rising disposable income levels in this region.
Product Definition:
A smart home solution is a system that allows users to control various devices in their home using a single interface. This can include devices like lights, locks, thermostats, and security systems. The importance of Smart Home Solutions is that it provides users with an easy way to control all of the devices in their home from a single location. This makes it easier for users to manage energy usage, security, and comfort levels within their home.
Hardware:
Hardware is the part of smart home solutions that includes door locks, security cameras, light bulbs and switches. The hardware devices are connected to the wireless network through a hub or gateway which allows them to communicate with other smart home devices. The growing demand for controlling multiple appliances from a single remote location through mobile phones and tablets is driving the growth of this market globally.
Software(Intelligent Security System/Energy Management):
Software is used in the implementation of intelligent security system and energy management in smart home solutions. It helps to automate several tasks such as lighting control, temperature control, and entertainment control using mobile devices or computers. The software also provides information about the current status of each component installed in a residential area network which includes security cameras, smoke detectors, thermostats etc.
Application Insights:
Based on application, the market has been segmented into security and surveillance, HVAC, lighting solutions, building energy management and others. The HVAC segment is expected to emerge as the fastest-growing application over the forecast period. This can be attributed to growing demand for smart home solutions in this sector owing to increasing need for controlling temperature remotely. Moreover, with growth of smart homes gaining traction among consumers globally; professional services and consulting have also witnessed significant growth in recent years.
The building energy management segment is anticipated to witness considerable growth over the forecast period owing to rising awareness among consumers regarding usage of renewable sources of energy including solar power for heating or cooling their homes along with benefits associated with implementing such systems at scale (cost-effectiveness). Furthermore, consumer inclination towards conservation efforts coupled with government initiatives promoting adoption across commercial buildings are expected drive demand further.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing awareness regarding smart homes and its associated benefits, such as energy conservation, convenience and safety. Moreover, presence of key players in this region is also expected to drive regional growth over the forecast period. Increasing investments by technology giants such as Google Inc., Apple Inc., Facebook are anticipated to further fuel regional demand for smart home solutions over the next eight years.
Asia Pacific is expected to witness significant growth during the forecast period owing to increasing disposable income levels coupled with growing consumer awareness regarding advanced technologies including IoT and AI (Artificial Intelligence).
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for energy-efficient and smart homes
- Rising awareness about the benefits of smart home solutions
- Proliferation of affordable and user-friendly smart home technologies
- Growing demand for connected homes and IoT-enabled devices
- Emergence of new business models and delivery channels for smart home solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Solutions Market Research Report
By Type
Hardware, Software(Intelligent Security System/Energy Management), Service(Professional Services and Consulting)
By Application
Security and Surveillance, HVAC, Lighting Solutions, Building Energy Management
By Companies
Siemens, United Technologies, General Electric, Schneider Electric, Honeywell International, Ingersoll-Rand, Johnson Controls, ABB, Legrand, Samsung Electronics, Acuity Brands
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Solutions Market Report Segments:
The global Smart Home Solutions market is segmented on the basis of:
Types
Hardware, Software(Intelligent Security System/Energy Management), Service(Professional Services and Consulting)
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
Security and Surveillance, HVAC, Lighting Solutions, Building Energy Management
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:
- Siemens
- United Technologies
- General Electric
- Schneider Electric
- Honeywell International
- Ingersoll-Rand
- Johnson Controls
- ABB
- Legrand
- Samsung Electronics
- Acuity Brands
Highlights of The Smart Home Solutions 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:
- Hardware
- Software(Intelligent Security System/Energy Management)
- Service(Professional Services and Consulting)
- By Application:
- Security and Surveillance
- HVAC
- Lighting Solutions
- Building Energy Management
- 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 Smart Home Solutions 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?
Smart Home Solutions is a company that provides home automation and security services. They offer products such as smart locks, thermostats, and cameras.
Some of the major players in the smart home solutions market are Siemens, United Technologies, General Electric, Schneider Electric, Honeywell International, Ingersoll-Rand, Johnson Controls, ABB, Legrand, Samsung Electronics, Acuity Brands.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Home Solutions 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 Smart Home Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Home Solutions 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 Smart Home Solutions 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 Smart Home Solutions Market Size & Forecast, 2020-2028
4.5.1 Smart Home Solutions Market Size and Y-o-Y Growth
4.5.2 Smart Home Solutions 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 Hardware
5.2.2 Software(Intelligent Security System/Energy Management)
5.2.3 Service(Professional Services and Consulting)
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 Security and Surveillance
6.2.2 HVAC
6.2.3 Lighting Solutions
6.2.4 Building Energy Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Home Solutions 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 Smart Home Solutions 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 Hardware
9.6.2 Software(Intelligent Security System/Energy Management)
9.6.3 Service(Professional Services and Consulting)
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 Security and Surveillance
9.10.2 HVAC
9.10.3 Lighting Solutions
9.10.4 Building Energy Management
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 Hardware
10.6.2 Software(Intelligent Security System/Energy Management)
10.6.3 Service(Professional Services and Consulting)
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 Security and Surveillance
10.10.2 HVAC
10.10.3 Lighting Solutions
10.10.4 Building Energy Management
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 Hardware
11.6.2 Software(Intelligent Security System/Energy Management)
11.6.3 Service(Professional Services and Consulting)
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 Security and Surveillance
11.10.2 HVAC
11.10.3 Lighting Solutions
11.10.4 Building Energy Management
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 Hardware
12.6.2 Software(Intelligent Security System/Energy Management)
12.6.3 Service(Professional Services and Consulting)
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 Security and Surveillance
12.10.2 HVAC
12.10.3 Lighting Solutions
12.10.4 Building Energy Management
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 Hardware
13.6.2 Software(Intelligent Security System/Energy Management)
13.6.3 Service(Professional Services and Consulting)
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 Security and Surveillance
13.10.2 HVAC
13.10.3 Lighting Solutions
13.10.4 Building Energy Management
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 Smart Home Solutions Market: Competitive Dashboard
14.2 Global Smart Home Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 United Technologies
14.3.3 General Electric
14.3.4 Schneider Electric
14.3.5 Honeywell International
14.3.6 Ingersoll-Rand
14.3.7 Johnson Controls
14.3.8 ABB
14.3.9 Legrand
14.3.10 Samsung Electronics
14.3.11 Acuity Brands
