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Some of the smart homes enabled devices included controlled refrigerator, smart lights, smart thermostats like Nest thermostat, smart kitchen, smart door locks etc. Most of the devices are controlled by a tablet or a smart phone. The growth of the smart home market is influenced by advancement in the IoT technology, safety and security and low carbon emission-oriented solutions.
Smart meters held the largest share of the smart home market in 2016.They enable user to calculate their daily consumption of energy. They also give information at different times during the day. Hence considering their growth, they are expected to capture a higher share in 2023 as well.
Market Dynamics
The Smart home market is expected to grow at a higher rate between 2017 and 2023 as a result of rise in number of residential projects and also owing to increase in the initiatives to improve infrastructure.
Aging population, energy and cost saving, reduced carbon emissions, government initiatives are the major factors which are driving the market for smart homes.
Increase awareness among consumers about energy consumption, rising disposable income, rising demand for home care are also some of the factors which are fueling the growth of smart homes in the market.
However high prices along with limited consumer demand and long device replacement cycles are top barriers for smart home markets to enter into mass adoption stage.
Market Segmentation
The market is segmented in terms of the type of geography and also on basis of application.
On basis of application:
The smart home can be divided into lighting control, security and access control, HVAC control, entertainment control etc.
HVAC Control has the highest share in the market (27.2%).Rising demand and need for energy efficient devices fueled the demand of HVAC control systems.
Regional/Geographic Analysis
In 2016, North America held the largest share of the smart home market in terms of revenue due to rise in demand of home healthcare and population followed by Europe and Asia Pacific. Government initiatives include power meters, water to fall into the smart grid with ease etc.
In Europe countries such as U.K, Germany, France and Italy have emerged as an attractive options for sale of smart home appliances. The presence of large number of industries and rising need for reducing energy consumption are augmenting the demand.
Urbanization across India, Japan and China will aid in expansion of smart home market across Asia Pacific.
Key Players
Some of the major players in the market include Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Lutron Electronics Co. Inc. etc.
Report Contents:
> Global Market segments
> Global Market Drivers, Restraints and Opportunities
> Global Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Global Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players
Regional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Russia
>> Poland
>> Rest of Eastern Europe
> Asia Pacific
>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
1.1. Market Definition
1.2. Market Taxonomy
2. Research Methodology
3. Assumptions and Acronyms
4. Executive Summary
5. Consumer Analysis
5.1. Consumer Profile (Demographic, Geographic, etc.)
5.2. Consumer Motivation
5.3. Procurement Process
5.4. Frequency of Buying
6. Historical Overview (Market Origins, Product Launch
Timeline, etc.)
7. Pricing Analysis
8. Key Stakeholders
8.1. R&D Organizations
8.2. Early Product Development Companies (Niche –
applications)
8.3. Machine and Device Manufacturers
8.4. Service Providers
8.5. Network Equipment Providers
8.6. System Integrators
8.7. App Developers
9. Key Enabling Technologies
9.1. Machine -to- Machine (M2M) Communication
9.2. Internet of Things (IoT)
9.3. Advanced Materials & Manufacturing
9.4. Sensor Technologies
9.5. Data Sciences
9.6. Others
10. Market Dynamics
10.1. Household Penetration
10.2. Macroeconomic Factors
10.3. Drivers
10.3.1. Supply Side
10.3.2. Demand Side
10.4. Restraints
10.5. Opportunities
11. R&D Status and Technology Overview
12. Global Smart Home Market Analysis, By Applications
12.1. Introduction
12.2. Prominent Trends
12.3. Regulatory Guidelines
12.4. Market Size and Analysis, By Applications
12.4.1. Security and Safety
12.4.1.1. Video Surveillance (Remote Feed)
12.4.1.2. Detection Devices (Sensors)
12.4.1.3. Smart Locks and Safety
12.4.1.4. Others
12.4.2. Health & Wellness Monitoring
12.4.3. Utilities Management
12.4.3.1. Smart Temperature Control
(Thermostat)
12.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
12.4.3.3. Connected Lightning
12.4.3.4. Others
12.4.4. Smart Appliances
12.4.5. Smart Entertainment
12.4.6. Others
12.5. Market Share Analysis and YoY Growth Rates, By
Applications
13. Global Smart Home Market Analysis, By Consumer Type
13.1. Introduction
13.2. Prominent Trends
13.3. Market Size and Analysis, By Consumer Type
13.3.1. Seniors (>45 Years Age)
13.3.1.1. Traditional (Suburban/Rural)
13.3.1.2. Affluent (Suburban)
13.3.2. Young Families (25-45 Years Age)
13.3.2.1. Mid-income (75-100k p.a.)
13.3.2.2. High-income (>100k p.a.)
13.3.2.3. Low-income (<75 p.a.)
13.3.3. Urban Households
13.3.4. Others
13.4. Market Share Analysis and YoY Growth Rates, By
Consumer Type
14. Global Smart Home Market Analysis, By Sales Channel
14.1. Introduction
14.2. Prominent Trends
14.3.Market Size and Analysis, By Sales Channel
14.3.1. Retail
14.3.1.1. Home Improvement Stores
14.3.1.2. Electronic Stores
14.3.1.3. Appliance Stores
14.3.1.4. Hypermarket/Supermarkets
14.3.1.5. Online
14.3.1.6. Others
14.3.2. Specialty Dealers
14.3.3. Direct Selling (Product Manufacturer)
14.3.4. Others
14.4. Market Share Analysis and YoY Growth Rates, By Sales
Channel
15. Global Smart Home Market Analysis, By Region
15.1. Introduction
15.2. Prominent Trends
15.3. Market Size and Analysis, By Region
15.3.1. North America
15.3.2. Latin America
15.3.3. Europe
15.3.4. Asia Pacific
15.3.5. Middle East & Africa (MEA)
15.4. Market Share Analysis and YoY Growth Rates, By
Region
16. North America Smart Home Market Analysis
16.1. Introduction
16.2. Prominent Trends
16.3. North America Smart Home Market Analysis, by
Country
16.3.1. U.S.
16.3.2. Canada
16.4. North America Smart Home Market Analysis, By
Applications
16.4.1. Security and Safety
16.4.1.1. Video Surveillance (Remote Feed)
16.4.1.2. Detection Devices (Sensors)
16.4.1.3. Smart Locks and Safety
16.4.1.4. Others
16.4.2. Health & Wellness Monitoring
16.4.3. Utilities Management
16.4.3.1. Smart Temperature Control
(Thermostat)
16.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
16.4.3.3. Connected Lightning
16.4.3.4. Others
16.4.4. Smart Appliances
16.4.5. Smart Entertainment
16.4.6. Others
16.5. North America Smart Home Market Size and Analysis,
By Consumer Type
16.5.1. Seniors (>45 Years Age)
16.5.1.1. Traditional (Suburban/Rural)
16.5.1.2. Affluent (Suburban)
16.5.2. Young Families (25-45 Years Age)
16.5.2.1. Mid-income (75-100k p.a.)
16.5.2.2. High-income (>100k p.a.)
16.5.2.3. Low-income (<75 p.a.)
16.5.3. Urban Households
16.5.4. Others
16.6. North America Smart Home Market Size and Analysis,
By Sales Channel
16.6.1. Retail
16.6.1.1. Home Improvement Stores
16.6.1.2. Electronic Stores
16.6.1.3. Appliance Stores
16.6.1.4. Hypermarket/Supermarkets
16.6.1.5. Online
16.6.1.6. Others
16.6.2. Specialty Dealers
16.6.3. Direct Selling (Product Manufacturer)
16.6.4. Others
16.7. North America Market Share Analysis and YoY Growth
Rates
16.7.1. By Country
16.7.2. By Sales Channel
16.7.3. By Consumer Type
16.7.4. By Applications
17. Latin America Smart Home Market Analysis
17.1. Introduction
17.2. Prominent Trends
17.3. Latin America Smart Home Market Analysis, by
Country
17.3.1. Mexico
17.3.2. Brazil
17.3.3. Others
17.4. Latin America Smart Home Market Analysis, By
Applications
17.4.1. Security and Safety
17.4.1.1. Video Surveillance (Remote Feed)
17.4.1.2. Detection Devices (Sensors)
17.4.1.3. Smart Locks and Safety
17.4.1.4. Others
17.4.2. Health & Wellness Monitoring
17.4.3. Utilities Management
17.4.3.1. Smart Temperature Control
(Thermostat)
17.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
17.4.3.3. Connected Lightning
17.4.3.4. Others
17.4.4. Smart Appliances
17.4.5. Smart Entertainment
17.4.6. Others
17.5. Latin America Smart Home Market Size and Analysis,
By Consumer Type
17.5.1. Seniors (>45 Years Age)
17.5.1.1. Traditional (Suburban/Rural)
17.5.1.2. Affluent (Suburban)
17.5.2. Young Families (25-45 Years Age)
17.5.2.1. Mid-income (75-100k p.a.)
17.5.2.2. High-income (>100k p.a.)
17.5.2.3. Low-income (<75 p.a.)
17.5.3. Urban Households
17.5.4. Others
17.6. Latin America Smart Home Market Size and Analysis,
By Sales Channel
17.6.1. Retail
17.6.1.1. Home Improvement Stores
17.6.1.2. Electronic Stores
17.6.1.3. Appliance Stores
17.6.1.4. Hypermarket/Supermarkets
17.6.1.5. Online
17.6.1.6. Others
17.6.2. Specialty Dealers
17.6.3. Direct Selling (Product Manufacturer)
17.6.4. Others
17.7. Latin America Market Share Analysis and YoY Growth
Rates
17.7.1. By Country
17.7.2. By Sales Channel
17.7.3. By Consumer Type
17.7.4. By Applications
18. Europe Smart Home Market Analysis
18.1. Introduction
18.2. Prominent Trends
18.3. Europe Smart Home Market Analysis, by Country
18.3.1. Germany
18.3.2. U.K.
18.3.3. Spain
18.3.4. France
18.3.5. Italy
18.3.6. Russia
18.3.7. Others
18.4. Europe Smart Home Market Analysis, By Applications
18.4.1. Security and Safety
18.4.1.1. Video Surveillance (Remote Feed)
18.4.1.2. Detection Devices (Sensors)
18.4.1.3. Smart Locks and Safety
18.4.1.4. Others
18.4.2. Health & Wellness Monitoring
18.4.3. Utilities Management
18.4.3.1. Smart Temperature Control
(Thermostat)
18.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
18.4.3.3. Connected Lightning
18.4.3.4. Others
18.4.4. Smart Appliances
18.4.5. Smart Entertainment
18.4.6. Others
18.5. Europe Smart Home Market Size and Analysis, By
Consumer Type
18.5.1. Seniors (>45 Years Age)
18.5.1.1. Traditional (Suburban/Rural)
18.5.1.2. Affluent (Suburban)
18.5.2. Young Families (25-45 Years Age)
18.5.2.1. Mid-income (75-100k p.a.)
18.5.2.2. High-income (>100k p.a.)
18.5.2.3. Low-income (<75 p.a.)
18.5.3. Urban Households
18.5.4. Others
18.6. Europe Smart Home Market Size and Analysis, By Sales
Channel
18.6.1. Retail
18.6.1.1. Home Improvement Stores
18.6.1.2. Electronic Stores
18.6.1.3. Appliance Stores
18.6.1.4. Hypermarket/Supermarkets
18.6.1.5. Online
18.6.1.6. Others
18.6.2. Specialty Dealers
18.6.3. Direct Selling (Product Manufacturer)
18.6.4. Others
18.7. Europe Market Share Analysis and YoY Growth Rates
18.7.1. By Country
18.7.2. By Sales Channel
18.7.3. By Consumer Type
18.7.4. By Applications
19. Asia Pacific Smart Home Market Analysis
19.1. Introduction
19.2. Prominent Trends
19.3. Asia Pacific Smart Home Market Analysis, by Country
19.3.1. India
19.3.2. China
19.3.3. Australia & New Zealand
19.3.4. Japan
19.3.5. Others
19.4. Asia Pacific Smart Home Market Analysis, By
Applications
19.4.1. Security and Safety
19.4.1.1. Video Surveillance (Remote Feed)
19.4.1.2. Detection Devices (Sensors)
19.4.1.3. Smart Locks and Safety
19.4.1.4. Others
19.4.2. Health & Wellness Monitoring
19.4.3. Utilities Management
19.4.3.1. Smart Temperature Control
(Thermostat)
19.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
19.4.3.3. Connected Lightning
19.4.3.4. Others
19.4.4. Smart Appliances
19.4.5. Smart Entertainment
19.4.6. Others
19.5. Asia Pacific Smart Home Market Size and Analysis, By
Consumer Type
19.5.1. Seniors (>45 Years Age)
19.5.1.1. Traditional (Suburban/Rural)
19.5.1.2. Affluent (Suburban)
19.5.2. Young Families (25-45 Years Age)
19.5.2.1. Mid-income (75-100k p.a.)
19.5.2.2. High-income (>100k p.a.)
19.5.2.3. Low-income (<75 p.a.)
19.5.3. Urban Households
19.5.4. Others
19.6. Asia Pacific Smart Home Market Size and Analysis, By
Sales Channel
19.6.1. Retail
19.6.1.1. Home Improvement Stores
19.6.1.2. Electronic Stores
19.6.1.3. Appliance Stores
19.6.1.4. Hypermarket/Supermarkets
19.6.1.5. Online
19.6.1.6. Others
19.6.2. Specialty Dealers
19.6.3. Direct Selling (Product Manufacturer)
19.6.4. Others
19.7. Asia Pacific Market Share Analysis and YoY Growth
Rates
19.7.1. By Country
19.7.2. By Sales Channel
19.7.3. By Consumer Type
19.7.4. By Applications
20. Middle East and Africa (MEA) Smart Home Market
Analysis
20.1. Introduction
20.2. Prominent Trends
20.3. Middle East and Africa Smart Home Market Analysis,
by Country
20.3.1. GCC countries
20.3.2. South Africa
20.3.3. North Africa
20.3.4. Rest of Middle East and Africa
20.4. Middle East and Africa Smart Home Market Analysis,
By Applications
20.4.1. Security and Safety
20.4.1.1. Video Surveillance (Remote Feed)
20.4.1.2. Detection Devices (Sensors)
20.4.1.3. Smart Locks and Safety
20.4.1.4. Others
20.4.2. Health & Wellness Monitoring
20.4.3. Utilities Management
20.4.3.1. Smart Temperature Control
(Thermostat)
20.4.3.2. Ventilation & Air Condition (VAC)
Monitoring
20.4.3.3. Connected Lightning
20.4.3.4. Others
20.4.4. Smart Appliances
20.4.5. Smart Entertainment
20.4.6. Others
20.5. Middle East and Africa Smart Home Market Size and
Analysis, By Consumer Type
20.5.1. Seniors (>45 Years Age)
20.5.1.1. Traditional (Suburban/Rural)
20.5.1.2. Affluent (Suburban)
20.5.2. Young Families (25-45 Years Age)
20.5.2.1. Mid-income (75-100k p.a.)
20.5.2.2. High-income (>100k p.a.)
20.5.2.3. Low-income (<75 p.a.)
20.5.3. Urban Households
20.5.4. Others
20.6. Middle East and Africa Smart Home Market Size and
Analysis, By Sales Channel
20.6.1. Retail
20.6.1.1. Home Improvement Stores
20.6.1.2. Electronic Stores
20.6.1.3. Appliance Stores
20.6.1.4. Hypermarket/Supermarkets
20.6.1.5. Online
20.6.1.6. Others
20.6.2. Specialty Dealers
20.6.3. Direct Selling (Product Manufacturer)
20.6.4. Others
20.7. MEA Market Share Analysis and YoY Growth Rates
20.7.1. By Country
20.7.2. By Sales Channel
20.7.3. By Consumer Type
20.7.4. By Applications
21. Industry Structure
21.1. Porters Five Forces Analysis
21.1.1. Bargaining Power of Suppliers
21.1.2. Bargaining Power of Buyers
21.1.3. Threat of New Entrants
21.1.4. Threat of Substitute Products and Services
21.1.5. Internal Rivalry
21.2.Supply Chain Analysis and Profitability Margins
21.3.Market Share Analysis
21.4. Strategic Analysis
21.4.1. Competitive Strategies
21.4.2. Mergers & Acquisitions Activity
21.4.3. Co-operative Agreements
21.5. Critical Success Factor (CSF) Analysis (Technology &
Manufacturing, Design & Features, Brand Reputation,
Distribution Network, Marketing)
21.6.Company Profiles (Overview, Product/Service Details,
Geographic Scope, Financials, Strategic Intent & Approach,
Core Competencies & Competitive Advantage and Key
developments)
21.6.1. Building Automation Manufacturers
21.6.2. Household Appliance Manufacturers
21.6.3. Utilities Management Manufacturers
21.6.4. Control Specialists
21.6.5. IT/Software Providers
21.6.6. Telecom Service Providers
22. Prognosis for the Future
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