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Global 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)

  • UNI3007737
  • 243 Pages
  • December 2018
  • ICT & Media
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The Smart home industry is at the niche stage, however, the industry has witnessed its wide adoption in the past few years, especially in the developed countries such as the US, and the European Union. Increasing awareness among consumers, rapid digitization, high penetration of smartphones, stringent governmental regulations on energy consumption & emission, and increased demand of smart home energy management system are attributed to be the major trends and drivers for the industry in the global space. Accredited to this, global smart home market fetched the total revenues of US$ 32,171 million in 2017 and is expected to grow at a CAGR of XX.0% during the forecasted period 2018-2024. Moreover, the swelling aging population has also created ample room for the smart revolution in the healthcare sector. However, consumer’s concern regarding data security, complex installation paired with the high price of smart home appliances are some of the factors which are acting as some of the complex challenges, that are hampering the growth of the smart home industry. In spite of such challenges, the potential growth for telecom operators, insurance providers and emerging business opportunities especially in the Asia Pacific region are anticipated to attract global players to invest and come up with technologically advanced home appliances products.

Insights presented in the Report:

Global smart home industry can be segmented across different areas of application which encompasses safety and security, lighting, HVAC, entertainment, smart appliances, and energy management among other. At present, the penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market. With the change in consumer preferences and promotional marketing of lighting and HVAC appliances, these application areas are likely to be among the top trend during the forecast period

Moreover, the market is further bifurcated into the end-user industry, wherein the residential segment holds the prime share in the global smart home market contradicting with the commercial segment. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments/houses are likely to rule the smart home market by 2024 followed by luxury villas and apartments. Mid-range apartments/houses segment of residential smart home market generated a revenue of US$ 9,486.6 million in 2017. In addition, although, hospitals under commercial smart home segment conquer the market by occupying the lead share in the market, hotels would display maximum CAGR growth of 27.3% over the forecasted period in the respective market

For a deep dive analysis of the industry, the study is conducted across five regions, including North America, Europe, Asia Pacific, Middle East and North Africa (MENA) and Latin America. North America takes the upper hand in the technological market due to first mover advantage. Increasing demand for smart devices, high penetration of smartphone & internet, and stringent regulations on energy consumption has helped North America to dominate the smart home market in the current scenario. Owing to this, North America smart home market was valued at US$ 17.272.2 million in and is estimated to register reasonable compounded growth of 18% over the analyzed period. However, Asia-Pacific region owing to increasing disposable income paired with government initiative is expected to witness the highest growth during the analyzed period

Top Companies Covered:

Some of the major players operating in the market include Haier Electronics, ABB Limited, Acuity Brands, Inc., AMX, LLC, ASSA ABLOY, Cisco Systems, Inc., Control4 Corporation, Crestron Electronics Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, LG Electronics Inc., Monitronics International Inc., Schneider Electric S.E., Siemens AG, United Technologies Corporation, and Vivint Inc. These companies have the ability to pool in investment from their other business to the smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.

Reasons to buy the Report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts

The report presents a quick review of overall industry performance at one glance

The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry.

Examination of industry attractiveness with the help of Porter’s Five Forces analysis

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry

Customization Options:

The Global Smart Home Market can be customized to regional/country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

1 MARKET INTRODUCTION

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. INDUSTRY PERFORMANCE

4. EXECUTIVE SUMMARY

5. MARKET OVERVIEW

5.1 General Overview of Smart Home Market

5.1.1 Pricing Analysis of Smart Home Appliances, by Type of Cost

5.2 Market Dynamics

5.2.1 Increasing Awareness of Advanced Technology among Consumers

5.2.2 Increasing Penetration of Smartphones and internet, especially in APAC Region

5.2.3 Proliferation of Internet of Things, especially in the Emerging Region’s

5.2.4 Surging Disposable Incomes and Urbanization

5.2.5 Growing Demand for Smart Home Energy Management System

5.2.6 Development of Interconnectivity across Platforms and Devices

5.3 Market Restraints

5.3.1 Concerns regarding Privacy and Hacking

5.3.2 Complex Installation and High Price of the Smart Home products 35

5.4 Opportunities in the Market

5.4.1 Scope for Insurance companies

5.4.2 Growth opportunity for Telecom Operators

5.4.3 Emerging Business Opportunities in Asia-Pacific

5.4.4 Restoring Independence for Elders

5.5 Factor Analysis

5.5.1 Demand & Supply Side Analysis

5.5.2 Major Development & Investments in the Smart Home Market

5.5.3 Major development and new Start-ups

5.5.4 Top Investor in the Smart Home Market

6. MARKET INSIGHTS, BY APPLICATIONS

6.1 General Overview

6.1.1 Safety and Security

6.1.2 Smart Appliances

6.1.3 Heating Ventilating, Air Conditioning (HVAC)

6.1.4 Home Entertainment

6.1.5 Smart Lighting Systems

6.1.6 Smart Energy Management

7. SMART HOME MARKET INSIGHTS, BY TECHNOLOGY

7.1 General Introduction

7.2 Wireless Smart Home Technology

7.2.1 Wi-fi Technology

7.2.2 Bluetooth Technology

7.2.3 ZigBee Technology

7.2.4 Z- Wave Technology

7.2.5 Other Wireless Technology

7.3 Wired Smart Technology

7.3.1 Ethernet Technology

7.3.2 Power Line Communication

7.3.3 Fiber to Home Technology

7.3.4 Other Wired Technology

8. SMART HOME MARKET INSIGHTS, BY END-USERS

8.1 General Overview

8.2 Residential End-Users

8.2.1 Luxury Homes

8.2.2 Mid-Range Apartments/Homes

8.2.3 Assisted Homes

8.2.4 Low Energy Homes

8.3 Commercial End Users

8.3.1 Smart Hotels

8.3.2 Smart Hospitals

8.3.3 Other Commercial Buildings

9. SMART HOME MARKET INSIGHTS, BY REGION

9.1 General Introduction

9.2 North America Smart Home Market

9.2.1 North America Smart Home Market, by Application

9.2.2 North America Smart Home Market, by Technology

9.2.2.1 North America Smart Home Market, by Wireless Technology

9.2.2.2 North America Smart Home Market, by Wired Technology

9.2.3 North America Smart Home Market, by End -Users

9.2.3.1 North America Residential Smart Home Market, by Type of Buildings

9.2.3.2 North America Commercial Smart Home Market, by Type of Buildings

9.3 European Smart Home Market Insights

9.3.1 Europe Smart Home Market, by Application

9.3.2 Europe Smart Home Market, by Technology

9.3.2.1 Europe Smart Home Market, by Wireless Technology

9.3.2.2 Europe Smart Home Market, by Wired Technology

9.3.3 Europe Smart Home Market, by End -Users

9.3.3.1 Europe Residential Smart Home Market, by Type of Buildings

9.3.3.2 Europe Commercial Smart Home Market, by Type of Buildings

9.4 Asia-Pacific Smart Home Market Insights

9.4.1 Asia Pacific Smart Home Market, by Application

9.4.2 Asia Pacific Smart Home Market, by Technology

9.4.2.1 Asia Pacific Smart Home Market, by Wireless Technology

9.4.2.2 Asia Pacific Smart Home Market, by Wired Technology

9.4.3 Asia Pacific Smart Home Market, by End -Users

9.4.3.1 Asia Pacific Residential Smart Home Market, by Type of Buildings

9.4.3.2 Asia Pacific Commercial Smart Home Market, by Type of Buildings

9.5 Middle East & North Africa Smart Home Market Insights

9.5.1 MENA Smart Home Market, by Application

9.5.2 MENA Smart Home Market, by Technology

9.5.2.1 MENA Smart Home Market, by Wireless Technology

9.5.2.2 MENA Smart Home Market, by Wired Technology

9.5.3 MENA Smart Home Market, by End -Users

9.5.3.1 MENA Residential Smart Home Market, by Type of Buildings

9.5.3.2 MENA Commercial Smart Home Market, by Type of Buildings

9.6 Latin America Smart Home Market Insights

9.6.1 Latin America Smart Home Market, by Application

9.6.2 Latin America Smart Home Market, by Technology

9.6.2.1 Latin America Smart Home Market, by Wireless Technology

9.6.2.2 Latin America Smart Home Market, by Wired Technology

9.6.3 Latin America Smart Home Market, by End -Users

9.6.3.1 Latin America Residential Smart Home Market, by Type of Buildings

9.6.3.2 Latin America Commercial Smart Home Market, by Type of Buildings

10. COMPETITIVE SCENARIO

10.1 Porter’s five forces analysis

10.1.1 Bargaining Power of Suppliers

10.1.2 Bargaining Power of Buyers

10.1.3 Threat of New Entrants

10.1.4 Threat of Substitutes

10.1.5 Intensity of Rivalry

10.2 Global Smart Home Market Share Analysis, 2017

10.2.1 Smart Safety & Security Market Share, by Company 2017

10.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017

10.2.3 Lighting & Control System Market Share, by Company 2017

10.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017

11. COMPANY PROFILES

11.1 Haier Electronics

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Key Product/Services Offerings

11.1.4 SWOT Analysis

11.1.5 Key Financials

11.1.5.1 Revenue Split

11.1.6 Recent Developments

11.2 ABB Limited

11.3 Acuity Brands, Inc.

11.4 AMX, LLC

11.5 ASSA ABLOY

11.6 Cisco Systems, Inc.

11.7 Control4 Corporation

11.8 Crestron Electronics Inc.

11.9 Deutsche Telekom AG

11.10 Emerson Electric Co.

11.11 General Electric Company

11.12 Honeywell International Inc.

11.13 IBM Corporation

11.14 LG Electronics Inc.

11.15 Monitronics International Inc.

11.16 Schneider Electric S.E.

11.17 Siemens AG

11.18 Samsung Electronics Co., Ltd.

11.19 United Technologies Corporation

11.20 Vivint, Inc.

TABLE 1 Comparison between ZigBee & Z-Wave Features 72

TABLE 2 Comparative Analysis on Wireless Technology, Z-Wave, ZigBee and Bluetooth Mesh 73

TABLE 3 Haier Electronics Key Facts 140

TABLE 4 Product segmentation of Haier Electronics 141

TABLE 5 Haier Electronics Growth Strategy 141

TABLE 6 Haier Electronics Financials, US$ Mn 142

TABLE 7 ABB Limited Key Facts 144

TABLE 8 Product Segmentation of ABB Limited 145

TABLE 9 ABB Limited Growth Strategy 145

TABLE 10 ABB Limited Financials, US$ Mn 146

TABLE 11 Acuity Brands SE Key Facts 149

TABLE 12 Product segmentation of Acuity Brands, Inc. 150

TABLE 13 Acuity Brands, Inc. Growth Strategy 150

TABLE 14 Acuity Brands, Inc. Financials, US$ Mn 151

TABLE 15 AMX, LLC Key Facts 153

TABLE 16 Product Segmentation of AMX, LLC 154

TABLE 17 AMX, LLC Growth Strategy 154

TABLE 18 ASSA ABLOY Key Facts 156

TABLE 19 Product Segmentation of ASSA ABLOY 157

TABLE 20 ASSA ABLOY Growth Strategy 157

TABLE 21 ASSA ABLOY Financials, US$ Mn 158

TABLE 22 Cisco Systems, Inc. Key Facts 160

TABLE 23 Product Segmentation of Cisco Systems 161

TABLE 24 Cisco Systems Growth Strategy 161

TABLE 25 Cisco Systems Financials, US$ Mn 162

TABLE 26 Control4 Corporation Key Facts 164

TABLE 27 Product Segmentation of Control4 Corporation 165

TABLE 28 Control4 Corporation Growth Strategy 165

TABLE 29 Control4 Corporation Financials, US$ Mn 166

TABLE 30 Crestron Electronics, Inc. Key Facts 168

TABLE 31 Product Segmentation of Crestron Electronics, Inc. 169

TABLE 32 Crestron Electronics, Inc. Growth Strategy 169

TABLE 33 Deutsche Telekom AG Key Facts 171

TABLE 34 Product Segmentation of Deutsche Telekom AG 172

TABLE 35 Deutsche Telekom AG Growth Strategy 172

TABLE 36 Deutsche Telekom AG Financials, US$ Mn 173

TABLE 37 TABLE 1 Emerson Electric Co. Key Facts 175

TABLE 38 Product Segmentation of Emerson Electric Co. 176

TABLE 39 Emerson Electric Co. Growth Strategy 176

TABLE 40 Emerson Electric Co. Financials, US$ Mn 177

TABLE 41 General Electric Company Key Facts 179

TABLE 42 Product Segmentation of General Electric 180

TABLE 43 General Electric Growth Strategy 180

TABLE 44 General Electric Financials, US$ Mn 181

TABLE 45 Honeywell International Key Facts 184

TABLE 46 Product Segmentation of Honeywell International 185

TABLE 47 Honeywell International, Growth Strategy 185

TABLE 48 Honeywell International Financials, US$ Mn 186

TABLE 49 IBM Corporation Key Facts 189

TABLE 50 Product Segmentation of IBM Corporation 189

TABLE 51 IBM Corporation Growth Strategy 190

TABLE 52 IBM Corporation Financials, US$ Mn 191

TABLE 53 LG Electronics Inc. Key Facts 193

TABLE 54 Product Segmentation of LG Electronics Inc. 193

TABLE 55 LG Electronics Inc. Growth Strategy 194

TABLE 56 LG Electronics Inc. Financials, US$ Mn 195

TABLE 57 Monitronics International Inc. Key Facts 197

TABLE 58 Product Segmentation of Monitronics International 198

TABLE 59 Monitronics International Growth Strategy 198

TABLE 60 Monitronics International Financials, US$ Mn 199

TABLE 61 Schneider Electric S.E. Key Facts 200

TABLE 62 Product Segmentation of Schneider Electric S.E. 201

TABLE 63 Schneider Electric S.E. Growth Strategy 201

TABLE 64 Schneider Electric S.E. Financials, US$ Mn 202

TABLE 65 Siemens AG Key Facts 204

TABLE 66 Product Segmentation of Siemens AG 204

TABLE 67 Siemens AG Growth Strategy 205

TABLE 68 Siemens AG Financials, US$ Mn 206

TABLE 69 Samsung Electronics Key Facts 208

TABLE 70 Product Segmentation of Samsung Electronics 209

TABLE 71 Samsung Electronics Growth Strategy 209

TABLE 72 Samsung Electronics Financials, US$ Mn 210

TABLE 73 United Technologies Key Facts 213

TABLE 74 Product Segmentation of United Technologies 214

TABLE 75 United Technologies Growth Strategy 214

TABLE 76 United Technologies Financials, US$ Mn 215

TABLE 77 Vivint, Inc. Key Facts 217

TABLE 78 Product Segmentation of Vivint, Inc. 217

 
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