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)
- UNI3007739
- 218 Pages
- February 2019
- ICT & Media
In spite of such challenges, the potential growth for telecom operators, insurance providers and the surge in ageing population at considerable rate are anticipated to attract global players to invest and come up with technologically advanced home appliances products in the respective regions. For instance, increasing investments and development of European companies along with presence of local players such as Hive, Tado and Netatmo offering smart home products, well suited as per consumer specifications, are further anticipated to propel the market. Undoubtedly, launch of Amazon Echo and Google Home have sparked a wave of adoption of smart devices in Europe as well. New technologies such as voice control and Artificial intelligence not only purpose to offer more convenience to its end users but have resulted in rising the consumer awareness to some extent.
Insights Presented in the Report:
• Europe smart home industry can be segmented across different areas of application encompassing safety and security, lighting, HVAC, entertainment, smart appliances and energy management among others. At present, the penetration of security & safety application is estimated to dominate the market by occupying 24.2% market share in 2017 credited to rising demand for connected security devices
• Based on technologies, the market is segmented into wired and wireless segments. The wireless technology dominates the market and is expected to maintain its dominance by 2024. However, wireless technology is expected to grow at a higher CAGR during the analyzed period. The respective segment is classified into Wi-Fi, Bluetooth, ZigBee and Z-wave technologies wherein Wi-Fi smart home technology market was accounted at US$ 3,516.7 million in 2017
• Residential and commercial sector are the major end-users of smart home devices. Residential segment being the largest adopter, followed by commercial segment. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments and houses are likely to rule the residential smart home market by 2024, followed by luxury villas and apartments. In addition, although, hospitals under commercial smart home segment conquered the market by occupying the highest share of 65% in 2017, hotel segment would display the maximum CAGR of 29.8% over the forecast period
• For a deep dive analysis of the industry, the study also includes country-level analysis including major markets in the specified region such as Germany, the UK, Netherlands, France, Norway, Switzerland, Denmark and the rest of Europe region. Germany takes the upper hand in the technological market due to the presence of numerous giants such as Amazon Alexa along with the emergence of various startups in smart home domain. Increasing demand for smart devices and prevalence of business opportunities for Swedish smart grid companies in Germany, target to reduce energy consumption is driving the market. Further, high penetration of smartphone & internet have helped Germany to dominate the smart home market in the current scenario in Europe.
• Europe is expected to witness the highest growth during the analyzed period owing to rising preference for energy, cost savings, security and convenience coupled with insurance companies tying insurance with smart home service. .
Competitive Landscape
Some of the major players operating in the Europe smart home market include ABB Limited, ASSA ABLOY, Cisco Systems, Inc., Deutsche Telekom AG, Emerson Electric Co, General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, Schneider Electric S.E., Siemens AG and United Technologies Corporation. These companies have the ability to pool in investment from their other business to smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.
Reasons to buy:
• 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 primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination on 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:
Europe Smart Home Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customised solutions to clients.
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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