Market Overview:
The global smart homes systems 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-efficient and comfortable homes, rising disposable income, and growing awareness about smart home technologies. The global smart homes systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into energy management systems, security & access control, lighting control, home appliances control, entertainment control,, and others. The energy management system segment is expected to hold a major share in the global smart homes systems market due to increasing demand for energy-efficient homes. On the basis of application,,the market is divided into dwelling units,,business buildings,,hotels,,and others,. Dwelling units are expected to hold a major share in terms of applications owing to rising demand for comfort and convenience among homeowners across regions. Geographically speaking,.the global smart homes systemsmarketis classified intonorth America.,Latin America.,Europe.,Asia Pacific.,and Middle East & Africa. Among these regions,.
Product Definition:
A Smart Homes System is a collection of hardware and software that allows a home to be controlled remotely. This can include features like turning on lights, locking doors, and adjusting the thermostat. The importance of Smart Homes Systems is that they make it easier for homeowners to manage their homes remotely, which can save energy and increase security.
Energy Management Systems:
Energy management systems are the part of smart home systems that controls and monitors energy usage in residential or commercial places. It helps consumers to save power by altering settings in various devices such as air conditioners, heat pumps, water heaters, and lights among others. The technology is evolving rapidly with new innovations being made almost daily.
Security & Access control:
Security and access control is the part of a smart home systems that controls security, safety, and access to different areas in a home. It helps in preventing unauthorized person from entering into the house or any other area. These devices are widely used by people living in high-crime areas or places where theft is common. Some of these devices can also be connected with door locks so that they can be opened only when the user enters through an authorized entryway.
Application Insights:
The business building control segment dominated the global smart homes systems market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to growing demand for energy-efficient, technologically advanced, and aesthetically pleasing solutions across various end-use industries. Furthermore, rising concerns regarding security and safety are further anticipated to propel product demand over the coming years.
The others application segment includes residential complexes or hotels that have been retrofitted with Z-Wave or ZigBee based products for controlling appliances such as lighting, HVAC (heating ventilation & air conditioning), media players/players 2nd generation Amazon Echo compatible devices etc. The increasing adoption of these technologies in hospitality applications has resulted in reduced energy costs along with improved operational efficiency owing to remote monitoring and control capabilities offered by these systems over traditional controllers used in hotel rooms. Such trends are likely to positively influence industry growth during the forecast period.
Smart home system manufacturers including ecobee Inc.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing awareness regarding energy conservation and rising adoption of smart appliances. Moreover, presence of key players such as Honeywell International Inc.; Nest Labs, Inc.; and Siemens AG is expected to drive the regional demand for smart homes over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing disposable income levels coupled with growing population in countries such as China and India.
Growth Factors:
- Increasing demand for energy-efficient and smart homes
- Rising awareness about the benefits of smart home systems
- Proliferation of affordable and user-friendly smart home devices
- Growing demand for connected homes and IoT-enabled devices
- Development of innovative features and applications for smart home systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Homes Systems Market Research Report
By Type
Energy Management Systems, Security & Access control, Lighting Control, Home appliances control, Entertainment Control, Others
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, Sony, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart Homes Systems Market Report Segments:
The global Smart Homes Systems market is segmented on the basis of:
Types
Energy Management Systems, Security & Access control, Lighting Control, Home appliances control, Entertainment Control, Others
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
- Sony
- Savant
- Nest
- AMX
- Legrand
Highlights of The Smart Homes Systems 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
- Home appliances control
- Entertainment Control
- Others
- 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 Smart Homes Systems 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 Homes Systems are a type of home automation technology that allow users to control various aspects of their homes using a smartphone or computer. These systems can include things like controlling lights and appliances, setting temperature and humidity levels, monitoring security cameras, and more.
Some of the major players in the smart homes systems market are ADT, Honeywell, Vivint, Nortek, Crestron, Lutron, Leviton, Comcast, ABB, Acuity Brands, Alarm.com, Control4, Schneider Electric, Time Warner Cable, Siemens AG, Sony, Savant, Nest, AMX, Legrand.
The smart homes systems market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Homes Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Homes Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Homes Systems Market - Supply Chain
4.5. Global Smart Homes Systems Market Forecast
4.5.1. Smart Homes Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Homes Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Homes Systems Market Absolute $ Opportunity
5. Global Smart Homes Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Homes Systems Market Size and Volume Forecast by Type
5.3.1. Energy Management Systems
5.3.2. Security & Access control
5.3.3. Lighting Control
5.3.4. Home appliances control
5.3.5. Entertainment Control
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Homes Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Homes Systems Market Size and Volume Forecast by Application
6.3.1. Dwelling
6.3.2. Business Building
6.3.3. Hotel
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Homes Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Homes Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Homes Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Homes Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Homes Systems Demand Share Forecast, 2019-2026
9. North America Smart Homes Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Homes Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Homes Systems Market Size and Volume Forecast by Application
9.4.1. Dwelling
9.4.2. Business Building
9.4.3. Hotel
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Homes Systems Market Size and Volume Forecast by Type
9.7.1. Energy Management Systems
9.7.2. Security & Access control
9.7.3. Lighting Control
9.7.4. Home appliances control
9.7.5. Entertainment Control
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Homes Systems Demand Share Forecast, 2019-2026
10. Latin America Smart Homes Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Homes Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Homes Systems Market Size and Volume Forecast by Application
10.4.1. Dwelling
10.4.2. Business Building
10.4.3. Hotel
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Homes Systems Market Size and Volume Forecast by Type
10.7.1. Energy Management Systems
10.7.2. Security & Access control
10.7.3. Lighting Control
10.7.4. Home appliances control
10.7.5. Entertainment Control
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Homes Systems Demand Share Forecast, 2019-2026
11. Europe Smart Homes Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Homes Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Homes Systems Market Size and Volume Forecast by Application
11.4.1. Dwelling
11.4.2. Business Building
11.4.3. Hotel
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Homes Systems Market Size and Volume Forecast by Type
11.7.1. Energy Management Systems
11.7.2. Security & Access control
11.7.3. Lighting Control
11.7.4. Home appliances control
11.7.5. Entertainment Control
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Homes Systems Demand Share, 2019-2026
12. Asia Pacific Smart Homes Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Homes Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Homes Systems Market Size and Volume Forecast by Application
12.4.1. Dwelling
12.4.2. Business Building
12.4.3. Hotel
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Homes Systems Market Size and Volume Forecast by Type
12.7.1. Energy Management Systems
12.7.2. Security & Access control
12.7.3. Lighting Control
12.7.4. Home appliances control
12.7.5. Entertainment Control
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Homes Systems Demand Share, 2019-2026
13. Middle East & Africa Smart Homes Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Homes Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Homes Systems Market Size and Volume Forecast by Application
13.4.1. Dwelling
13.4.2. Business Building
13.4.3. Hotel
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Homes Systems Market Size and Volume Forecast by Type
13.7.1. Energy Management Systems
13.7.2. Security & Access control
13.7.3. Lighting Control
13.7.4. Home appliances control
13.7.5. Entertainment Control
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Homes Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Homes Systems Market: Market Share Analysis
14.2. Smart Homes Systems Distributors and Customers
14.3. Smart Homes Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADT
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honeywell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vivint
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nortek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Crestron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lutron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Leviton
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Comcast
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ABB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Acuity Brands
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alarm.com
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Control4
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schneider Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Time Warner Cable
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Siemens AG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sony
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Savant
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nest
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. AMX
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Legrand
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
