Europe Smart Homes Technology Market : Insights and Forecast, 2018-2024: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)
- UNI2922555
- 218 Pages
- February 2019
- ICT & Media
The proliferation and smartening of IoT devices has remarkably scaled up the potential for the industry and significant amount of data or information can be stored, collected, analyzed and transmitted leading to numerous companies saving substantial amount of money. Hence, during 2017, wireless smart technology held a prominent share of 84.5%, followed by wired technology which held 15.5% during the same year. Wireless market in Europe smart home technology was valued at US$ 27,141.3 Million in 2017 and is projected to derive US$ 5,684.9 Million revenues by 2024 witnessing astonishing CAGR of 27.1% during the forecasted period. In addition, Wifi technology application in smart home held more than 60% share and garnered US$ 3,516.7 Million revenues during 2017. During 2017, the wired connection also garnered US$ 1,046 Million of revenues during 2017 and is projected to reach US$ 6,281.7 Million by 2024 showcasing remarkable compound growth of 29.7% over the forecasted period. While Ethernet wired connection occupied largest share in the respective technology. Based on end users, the Europe smart home market is segmented into residential and commercial end users. In 2017, smart home technology was more applicable among residential end users. The segment dominated the smart home market at regional scale and is expected to maintain its dominance throughout the analyzed period. It is projected to reach US$ 26,634.5 Million by 2024 experiencing significant CAGR of 27.2% during the analyzed period. Furthermore, depending on residential end users, type, the market is further classified into luxury homes, mid-range apartments, assisted homes and low energy homes. During 2017, mid-range apartments occupied the largest share of 38.3%, followed by luxury apartments and luxury villas in the regional smart home market. Surging investments by major tech giants and venture capitalists to bring in innovation within smart home domain has tremendously contributed towards the growth prospects of smart home technology in the region.
Moreover, benefits of smart home technology can also be witnessed among commercial end users such as hotels, hospitals and other commercial buildings. In the smart home industry, technological breakthroughs have been successful in bring about new shapes to the industry. Smart home technology application was majorly prominent among hospitals. Based on estimation, the respective segment is projected to generate revenue of US$ 6,075.2 Million by 2024 displaying tremendous CAGR of 28.4% during the forecasted period in the smart home market at regional scale.
Moreover, strong competitiveness, flourishing IoT, spur in product development, research & development activities and dramatic uptake of technological advancements, growing scope of smart health solutions and ageing population, investments by major peers, spur in smartphone penetration and rising preference for energy management systems and favorable government policies have significantly contributed in prospering the market size of Europe smart home market at large scale. Owing to this, the Europe smart home market was valued at US$ 7,828 Million during 2017 and is projected to reach US$ 41,163 Million by 2024 displaying exponential CAGR of 27.3% during the predicted period. However, low level of awareness among consumers about smart home devices, concerns regarding privacy and hacking, high cost involved in complex installation and high prices of smart home devices needs to be addressed to experience the never ending growth of smart home market.
Also, for better understanding of regional smart home market penetration, the market has been analyzed as per different countries such as Germany, UK, France, Norway, Netherlands, Switzerland, Denmark and rest of Europe. Based on estimation, Germany accounted for revenue share of 21.3% in 2017. Positive impact on businesses of smart device manufacturers such as HVAC and numerous established players and startups earmarking their footprint in smart appliances domain ranging from remote controlled heating appliances and growing interest for energy saving applications such as thermostats and booming concept of Internet of Things has bolstered the growth of Europe smart home technology market. While UK and France followed the lead by occupying 16% share and 14.5% share respectively during 2017.
Numerous companies have forayed in the European smart home technology market that offers smart devices in different applications such as smart speaker, security systems, smart TVs, LEDs and switches, kitchen ware appliances and other devices. With an objective to enhance their product portfolio, the major market players have entered into various acquisitions and collaborations. Major players in this market comprise ABB Ltd, Assa Abbloy, Cisco Systems Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc, IBM Corporation, Schneider Electric S.E., and Siemens AG and United Technologies Corporation and others.
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.2 Key Secondary Sources
2.3 Primary Data
2.4 Sampling Techniques & Data Collection Methods
2.5 Primary Participants
3. ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION
3.1 General Overview
3.1.1 European Union Energy efficiency targets for 2020 and 2030
3.1.2 Policies adopted to improve energy efficiency, among European Union
3.1.3 Energy efficiency progress update for European Union
3.1.4 Future impact of energy efficiency program in the EU
4. INDUSTRY PERFORMANCE
5. EXECUTIVE SUMMARY
6. MARKET OVERVIEW
6.1 Introduction
6.2 Market Dynamics
6.3 Market Drivers
6.3.1 Wave of Digitization at Accelerating Pace
6.3.2 Evolving Governmental Energy and Emission Policies
6.3.3 Growing Demand for Smart Home Energy Management System
6.3.4 Development of Smart Gas Metering Services
6.3.5 Development of Interconnectivity Across Platforms and Devices
6.4 Market Restraints
6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns
6.4.2 Concerns Regarding Privacy and Hacking
6.4.3 Complex Installation and High Price of the Smart Home products
6.5 Opportunities
6.5.1 Scope for Insurance companies
6.5.2 Growth for Telecom Operators
6.5.3 Restoring Independence for Elders and Smart Health Solutions
6.6 Factor Analysis
6.6.1 Demand & Supply Side Analysis
6.6.2 Major Development & Investments in the Smart Home Market
6.6.3 Major development and new Start-ups
6.6.4 Top Investor in the Smart Home Market
7. MARKET INSIGHTS, BY APPLICATIONS
7.1 General Overview
7.1.1 Safety and Security
7.1.2 Smart Appliances
7.1.3 Heating Ventilating, Air Conditioning (HVAC)
7.1.4 Home Entertainment
7.1.5 Smart Lighting Systems
7.1.6 Smart Energy Management
8. SMART HOME MARKET INSIGHTS, BY TECHNOLOGY
8.1 General Introduction
8.2 Wireless Smart Technology
8.2.1 Wi- fi Technology
8.2.2 Bluetooth Technology
8.2.3 Zigbee Technology
8.2.4 Z- Wave Technology
8.2.5 Other Wireless Technology
8.3 Wired Smart Technology
8.3.1 Ethernet Technology
8.3.2 Power Line Communication
8.3.3 Fiber to Home Technology
8.3.4 Other Wired Technology
9. SMART HOME MARKET INSIGHTS, BY END - USERS
9.1 General Overview
9.2 Residential End Users
9.2.1 Luxury Homes
9.2.2 Mid-Range Apartments/Homes
9.2.3 Assisted Homes
9.2.4 Low Energy Homes
9.3 Commercial End Users
9.3.1 Smart Hotels
9.3.2 Smart Hospitals
9.3.3 Other Commercial Buildings
10. SMART HOME MARKET INSIGHTS, BY COUNTRY
10.1 European Smart Home Market Insights
10.2 Germany Smart Home Market Insights
10.2.1 Germany Smart Home Market, by Application
10.2.2 Germany Smart Home Market, by Technology
10.2.3 Germany Smart Home Market, by Wireless Technology
10.2.4 Germany Smart Home Market, by Wired Technology
10.2.5 Germany Smart Home Market, by End -Users
10.2.6 Germany Residential End-User Market, by Type of Buildings
10.2.7 Germany Commercial End-User Market, by Type of Buildings
10.3 United Kingdom Smart Home Market Insights
10.3.1 UK Smart Home Market, by Application
10.3.2 UK Smart Home Market, by Technology
10.3.3 UK Smart Home Market, by Wireless Technology
10.3.4 UK Smart Home Market, by Wired Technology
10.3.5 UK Smart Home Market, by End -Users
10.3.6 UK Residential End-User Market, by Type of Buildings
10.3.7 UK Commercial Smart Home Market, by Type of Commercial Buildings
10.4 Netherlands Smart Home Technology Market Insights
10.4.1 Netherlands Smart Home Market, by Application
10.4.2 Netherlands Smart Home Market, by Technology
10.4.3 Netherlands Smart Home Market, by Wireless Technology
10.4.4 Netherlands Smart Home Market, by Wired Technology
10.4.5 Netherlands Smart Home Market, by End -Users
10.4.6 Netherlands Commercial End-User Market, by Type of Buildings
10.4.7 Netherlands Commercial End-User Market, by Type of Buildings
10.5 France Smart Home Technology Market Insights
10.5.1 France Smart Home Market, by Application
10.5.2 France Smart Home Market, by Technology
10.5.3 France Smart Home Market, by Wireless Technology
10.5.4 France Smart Home Market, by Wired Technology
10.5.5 France Smart Home Market, by End -Users
10.5.6 France Residential End-User Market, by Type of Buildings
10.5.7 France Commercial End-User Market, by Type of Buildings
10.6 Norway Smart Home Market Insights
10.6.1 Norway Smart Home Market, by Application
10.6.2 Norway Smart Home Market, by Technology
10.6.3 Norway Smart Home Market, by Wireless Technology
10.6.4 Norway Smart Home Market, by Wired Technology
10.6.5 Norway Smart Home Market, by End -Users
10.6.6 Norway Commercial End-User Market, by Type of Buildings
10.6.7 Norway Commercial End-User Market, by Type of Buildings
10.7 Switzerland Smart Home Market Insights
10.7.1 Switzerland Smart Home Market, by Application
10.7.2 Switzerland Smart Home Market, by Technology
10.7.3 Switzerland Smart Home Market, by Wireless Technology
10.7.4 Switzerland Smart Home Market, by Wired Technology
10.7.5 Switzerland Smart Home Market, by End -Users
10.7.6 Switzerland Commercial End-User Market, by Type of Buildings
10.7.7 Switzerland Commercial End-User Market, by Type of Buildings
10.8 Denmark Smart Home Market Insights
10.8.1 Denmark Smart Home Market, by Application
10.8.2 Denmark Smart Home Market, by Technology
10.8.3 Denmark Smart Home Market, by Wireless Technology
10.8.4 Denmark Smart Home Market, by Wired Technology
10.8.5 Denmark Smart Home Market, by End -Users
10.8.6 Denmark Commercial End-User Market, by Type of Buildings
10.8.7 Denmark Commercial End-User Market, by Type of Buildings
10.9 Rest of Europe Smart Home Technology Market Insights
10.9.1 Rest of Europe Smart Home Market, by Application
10.9.2 Rest of Europe Smart Home Market, by Technology
10.9.3 Rest of Europe Smart Home Market, by Wireless Technology
10.9.4 Rest of Europe Smart Home Market, by Wired Technology
10.9.5 Rest of Europe Smart Home Market, by End -Users
10.9.6 Rest of Europe Commercial End-User Market, by Type of Buildings
10.9.7 Rest of Europe Commercial End-User Market, by Type of Buildings
11. COMPETITIVE SCENARIO
11.1 Porter’s Five forces analysis
11.1.1 Bargaining Power of Suppliers
11.1.2 Bargaining Power of Buyers
11.1.3 Threat of New Entrants
11.1.4 Threat of Substitutes
11.1.5 Intensity of Rivalry
11.2 Global Smart Home Market Share Analysis, 2017
11.2.1 Smart Safety & Security Market Share, by Company 2017
11.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017
11.2.3 Lighting & Control System Market Share, by Company 2017
11.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017
12. COMPANY PROFILES
12.1 ABB Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Key Product/Services Offerings
12.1.4 SWOT Analysis
12.1.5 Key Financials
12.1.5.1 Revenue Split
12.1.6 Recent Developments
12.2 ASSA ABLOY
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Key Product/Services Offerings
12.2.4 SWOT Analysis
12.2.5 Key Financials
12.2.5.1 Revenue Split
12.2.6 Recent Developments
12.3 Cisco Systems, Inc.
12.3.1 Key Facts
12.3.2 Business Description
Key Product/Services Offerings
12.3.3 SWOT Analysis
12.3.4 Key Financials
12.3.4.1 Revenue Split
12.3.5 Recent Developments
12.4 Deutsche Telekom AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Key Product/Services Offerings
12.4.4 SWOT Analysis
12.4.5 Key Financials
12.4.5.1 Revenue Split
12.4.6 Recent Developments
12.5 Emerson Electric Co.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Key Product/Services Offerings
12.5.4 SWOT Analysis
12.5.5 Key Financials
12.5.5.1 Revenue Split
12.5.6 Recent Developments
12.6 General Electric Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Key Product/Services Offerings
12.6.4 SWOT Analysis
12.6.5 Key Financials
12.6.5.1 Revenue Split
12.6.6 Recent Developments
12.7 Honeywell International Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Key Product/Services Offerings
12.7.4 SWOT Analysis
12.7.5 Key Financials
12.7.5.1 Revenue Split
12.7.6 Recent Developments
12.8 IBM Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Key Product/Services Offerings
12.8.4 SWOT Analysis
12.8.5 Key Financials
12.8.5.1 Revenue Split
12.8.6 Recent Developments
12.9 Schneider Electric S.E.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Key Product/Services Offerings
12.9.4 SWOT Analysis
12.9.5 Key Financials
12.9.5.1 Revenue Split
12.9.6 Recent Developments
12.10 Siemens AG
12.10.1 Key Facts
12.10.2 Business Description
Key Product/Services Offerings
12.10.3 SWOT Analysis
12.10.4 Key Financials
12.10.4.1 Revenue Split
12.10.5 Recent Developments
12.11 United Technologies Corporation
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Key Product/Services Offerings
12.11.4 SWOT Analysis
12.11.5 Key Financials
12.11.5.1 Revenue Split
12.11.6 Recent Developments
TABLE 2 Comparison between Zigbee & Z-Wave Features
TABLE 3 Comparative Analysis on Wireless Technology, Z-Wave, Zigbee and Bluetooth Mesh
TABLE 4 Germany Energy Concept, Main Objectives
TABLE 5 ABB Limited Key Facts
TABLE 6 Product Segmentation of ABB Limited
TABLE 7 ABB Limited Growth Strategy
TABLE 8 ABB Limited Financials, US$ Mn
TABLE 9 ASSA ABLOY Key Facts
TABLE 10 Product Segmentation of ASSA ABLOY
TABLE 11 ASSA ABLOY Growth Strategy
TABLE 12 ASSA ABLOY Financials, US$ Mn
TABLE 13 Cisco Systems, Inc. Key Facts
TABLE 14 Product Segmentation of Cisco Systems
TABLE 15 Cisco Systems Growth Strategy
TABLE 16 Cisco Systems Financials, US$ Mn
TABLE 17 Deutsche Telekom AG Key Facts
TABLE 18 Product Segmentation of Deutsche Telekom AG
TABLE 19 Deutsche Telekom AG Growth Strategy
TABLE 20 Deutsche Telekom AG Financials, US$ Mn
TABLE 21 TABLE 1 Emerson Electric Co. Key Facts
TABLE 22 Product Segmentation of Emerson Electric Co.
TABLE 23 Emerson Electric Co. Growth Strategy
TABLE 24 Emerson Electric Co. Financials, US$ Mn
TABLE 25 General Electric Company Key Facts
TABLE 26 Product Segmentation of General Electric
TABLE 27 General Electric Growth Strategy
TABLE 28 General Electric Financials, US$ Mn
TABLE 29 Honeywell International Key Facts
TABLE 30 Product Segmentation of Honeywell International
TABLE 31 Honeywell International, Growth Strategy
TABLE 32 Honeywell International Financials, US$ Mn
TABLE 33 IBM Corporation Key Facts
TABLE 34 Product Segmentation of IBM Corporation
TABLE 35 IBM Corporation Growth Strategy
TABLE 36 IBM Corporation Financials, US$ Mn
TABLE 37 Schneider Electric S.E. Key Facts
TABLE 38 Product Segmentation of Schneider Electric S.E.
TABLE 39 Schneider Electric S.E. Growth Strategy
TABLE 40 Schneider Electric S.E. Financials, US$ Mn
TABLE 41 Siemens AG Key Facts
TABLE 42 Product Segmentation of Siemens AG
TABLE 43 Siemens AG Growth Strategy
TABLE 44 Siemens AG Financials, US$ Mn
TABLE 45 United Technologies Key Facts
TABLE 46 Product Segmentation of United Technologies
TABLE 47 United Technologies Growth Strategy
TABLE 48 United Technologies Financials, US$ Mn
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