Europe Smart Homes Technology Market : Insights and Forecast, 2019-2025: 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)
- UNI4065887
- 207 Pages
- August 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 17
1.2 Objective of the Study 17
1.3 Limitation 17
1.4 Stakeholders 18
1.5 Currency used in the Report 18
1.6 Scope of the Europe Smart Home Technology Market Study 18
2. RESEARCH METHODOLOGY OR ASSUMPTION 19
2.1 Research Methodology for Europe Smart Home Technology Market Study 19
2.1.1 Main objective of the Europe Smart Home Technology Market Study 20
3. ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION 21
3.1 General Overview 21
3.1.1 European Union Energy efficiency targets for 2020 and 2030 22
3.1.2 Policies adopted to improve energy efficiency, among European Union 22
3.1.3 Energy efficiency progress update for European Union 23
3.1.4 Future impact of energy efficiency program in the EU 23
4. INDUSTRY PERFORMANCE 24
5. EXECUTIVE SUMMARY 26
6. MARKET OVERVIEW 28
6.1 Introduction 28
6.2 Market Dynamics 31
6.3 Market Drivers 31
6.3.1 Wave of Digitization at Accelerating Pace 31
6.3.2 Evolving Governmental Energy and Emission Policies 32
6.3.3 Growing Demand for Smart Home Energy Management System 33
6.3.4 Development of Smart Gas Metering Services 33
6.3.5 Development of Interconnectivity across Platforms and Devices 35
6.4 Market Restraints 35
6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns 35
6.4.2 Concerns Regarding Privacy and Hacking 36
6.4.3 Complex Installation and High Price of the Smart Home products 37
6.5 Opportunities 37
6.5.1 Scope for Insurance companies 37
6.5.2 Growth for Telecom Operators 37
6.5.3 Restoring Independence for Elders and Smart Health Solutions 38
6.6 Factor Analysis 39
6.6.1 Demand & Supply Side Analysis 39
6.6.2 Major Development & Investments in the Smart Home Market 40
6.6.3 Major development and new Start-ups 42
6.6.4 Top Investor in the Smart Home Market 44
6.6.5 Major Agreements and Contracts 45
7. MARKET INSIGHTS BY PRODUCT 46
7.1 General Overview 46
7.1.1 Safety and Security 47
7.1.2 Smart Appliances 48
7.1.3 Heating, Ventilating, Air Conditioning (HVAC) 50
7.1.4 Home Entertainment 52
7.1.5 Smart Lighting Systems 55
7.1.6 Smart Energy Management 57
8. SMART HOME MARKET INSIGHTS BY TECHNOLOGY 59
8.1 General Introduction 59
8.2 Wireless Smart Technology 59
8.2.1 Wi- fi Technology 61
8.2.2 Bluetooth Technology 63
8.2.3 Zigbee Technology 65
8.2.4 Z- Wave Technology 66
8.2.5 Other Wireless Technology 69
8.3 Wired Smart Technology 69
8.3.1 Ethernet Technology 71
8.3.2 Power Line Communication 72
8.3.3 Fiber to Home Technology 73
8.3.4 Other Wired Technology 75
9. SMART HOME MARKET INSIGHTS BY END - USERS 76
9.1 General Overview 76
9.2 Residential End Users 77
9.2.1 Luxury Homes 79
9.2.2 Mid-Range Apartments/Homes 81
9.2.3 Assisted Homes 82
9.2.4 Low Energy Homes 83
9.3 Commercial End Users 84
9.3.1 Smart Hotels 86
9.3.2 Smart Hospitals 88
9.3.3 Other Commercial Buildings 89
10. SMART HOME MARKET INSIGHTS BY COUNTRY 90
10.1 European Smart Home Market Insights 90
10.1.1 Europe Smart Home Market by Country 91
10.2 Germany Smart Home Market Insights 91
10.2.1 Germany Smart Home Market by Product 94
10.2.2 Germany Smart Home Market by Technology 95
10.2.3 Germany Smart Home Market by Wireless Technology 95
10.2.4 Germany Smart Home Market by Wired Technology 96
10.2.5 Germany Smart Home Market by End -Users 96
10.2.6 Germany Residential End-User Market by Type of Buildings 97
10.2.7 Germany Commercial End-User Market by Type of Buildings 97
10.3 The United Kingdom Smart Home Market Insights 98
10.3.1 UK Smart Home Market by Application 101
10.3.2 UK Smart Home Market by Technology 101
10.3.3 The UK Smart Home Market by Wireless Technology 102
10.3.4 UK Smart Home Market by Wired Technology 102
10.3.5 UK Smart Home Market by End -Users 103
10.3.6 UK Residential End-User Market by Type of Buildings 103
10.3.7 UK Commercial Smart Home Market by Type of Commercial Buildings 104
10.4 The Netherlands Smart Home Technology Market Insights 104
10.4.1 Netherlands Smart Home Market by Product 106
10.4.2 Netherlands Smart Home Market by Technology 107
10.4.3 Netherlands Smart Home Market by Wireless Technology 107
10.4.4 Netherlands Smart Home Market by Wired Technology 108
10.4.5 Netherlands Smart Home Market by End -Users 108
10.4.6 Netherlands Commercial End-User Market by Type of Buildings 109
10.4.7 Netherlands Commercial End-User Market by Type of Buildings 109
10.5 France Smart Home Technology Market Insights 110
10.5.1 France Smart Home Market by Product 112
10.5.2 France Smart Home Market by Technology 112
10.5.3 France Smart Home Market by Wireless Technology 113
10.5.4 France Smart Home Market by Wired Technology 113
10.5.5 France Smart Home Market by End -Users 114
10.5.6 France Residential End-User Market by Type of Buildings 114
10.5.7 France Commercial End-User Market by Type of Buildings 115
10.6 Norway Smart Home Market Insights 115
10.6.1 Norway Smart Home Market by Product 117
10.6.2 Norway Smart Home Market by Technology 117
10.6.3 Norway Smart Home Market by Wireless Technology 118
10.6.4 Norway Smart Home Market by Wired Technology 118
10.6.5 Norway Smart Home Market by End -Users 119
10.6.6 Norway Commercial End-User Market by Type of Buildings 119
10.6.7 Norway Commercial End-User Market by Type of Buildings 120
10.7 Switzerland Smart Home Market Insights 120
10.7.1 Switzerland Smart Home Market by Product 123
10.7.2 Switzerland Smart Home Market by Technology 123
10.7.3 Switzerland Smart Home Market by Wireless Technology 124
10.7.4 Switzerland Smart Home Market by Wired Technology 124
10.7.5 Switzerland Smart Home Market by End -Users 125
10.7.6 Switzerland Commercial End-User Market by Type of Buildings 125
10.7.7 Switzerland Commercial End-User Market by Type of Buildings 126
10.8 Denmark Smart Home Market Insights 126
10.8.1 Denmark Smart Home Market by Product 128
10.8.2 Denmark Smart Home Market, by Technology 128
10.8.3 Denmark Smart Home Market by Wireless Technology 129
10.8.4 Denmark Smart Home Market by Wired Technology 129
10.8.5 Denmark Smart Home Market by End -Users 130
10.8.6 Denmark Commercial End-User Market by Type of Buildings 130
10.8.7 Denmark Commercial End-User Market by Type of Buildings 131
10.9 Rest of Europe Smart Home Technology Market Insights 131
10.9.1 Rest of Europe Smart Home Market by Product 133
10.9.2 Rest of Europe Smart Home Market by Technology 133
10.9.3 Rest of Europe Smart Home Market by Wireless Technology 134
10.9.4 Rest of Europe Smart Home Market by Wired Technology 134
10.9.5 Rest of Europe Smart Home Market by End -Users 135
10.9.6 Rest of Europe Commercial End-User Market by Type of Buildings 135
10.9.7 Rest of Europe Commercial End-User Market by Type of Buildings 136
11. COMPETITIVE SCENARIO 137
11.1 Porter’s Five forces analysis 137
11.1.1 Bargaining Power of Suppliers 138
11.1.2 Bargaining Power of Buyers 138
11.1.3 Threat of New Entrants 139
11.1.4 Threat of Substitutes 139
11.1.5 Intensity of Rivalry 140
11.2 Global Smart Home Market Share Analysis, 2018 141
11.2.1 Smart Safety & Security Market Share by Company, 2018 141
11.2.2 Smart Home Entertainment Appliances Market Share by Company, 2018 142
11.2.3 Lighting & Control System Market Share by Company, 2018 143
11.2.4 Smart Thermostats & Home Appliances Market Share by Company, 2018 144
12. COMPANY PROFILES 145
12.1 ABB Limited 145
12.1.1 Key Facts 145
12.1.2 Business Description 145
12.1.3 Key Product/Services Offerings 146
12.1.4 Growth Strategy 146
12.1.5 SWOT Analysis 146
12.1.6 Key Financials 147
12.1.6.1 Revenue Split 148
12.1.7 Recent Developments 148
12.1.7.1 Product Launch 148
12.1.7.2 Partnership 149
12.1.7.3 Business expansion and Investment 149
12.2 ASSA ABLOY 150
12.2.1 Key Facts 150
12.2.2 Business Description 150
12.2.3 Key Product/Services Offerings 151
12.2.4 Growth Strategy 151
12.2.5 SWOT Analysis 151
12.2.6 Key Financials 152
12.2.6.1 Revenue Split 153
12.2.7 Recent Developments 153
12.2.7.1 Mergers and Acquisitions 153
12.3 Cisco Systems, Inc. 155
12.3.1 Key Facts 155
12.3.2 Business Description 155
12.3.3 Key Product/Services Offerings 156
12.3.4 Growth Strategy 156
12.3.5 SWOT Analysis 157
12.3.6 Key Financials 158
12.3.6.1 Revenue Split 159
12.3.7 Recent Developments 159
12.3.7.1 Product Lunches 159
12.3.7.2 Partnerships 160
12.3.7.3 Business Expansion and Investment 161
12.3.7.4 Mergers and Acquisition 161
12.4 Deutsche Telekom AG 162
12.4.1 Key Facts 162
12.4.2 Business Description 162
12.4.3 Key Product/Services Offerings 163
12.4.4 Growth Strategy 163
12.4.5 SWOT Analysis 163
12.4.6 Key Financials 164
12.4.6.1 Revenue Split 165
12.4.7 Recent Developments 165
12.4.7.1 Product Launch 165
12.4.7.2 Partnership 167
12.4.7.3 Business Expansion and Investment 167
12.5 Emerson Electric Co. 169
12.5.1 Key Facts 169
12.5.2 Business Description 169
12.5.3 Key Product/Services Offerings 170
12.5.4 Growth Strategy 170
12.5.5 SWOT Analysis 171
12.5.6 Key Financials 172
12.5.6.1 Revenue Split 173
12.5.7 Recent Developments 173
12.5.7.1 Partnerships 173
12.5.7.2 Business Expansion and Investment 174
12.5.7.3 Merger and Acquisition 174
12.6 General Electric Company 175
12.6.1 Key Facts 175
12.6.2 Business Description 175
12.6.3 Key Product/Services Offerings 176
12.6.4 Growth Strategy 176
12.6.5 SWOT Analysis 177
12.6.6 Key Financials 178
12.6.6.1 Revenue Split 179
12.6.7 Recent Developments 179
12.6.7.1 Product Launch 179
12.7 Honeywell International Inc. 181
12.7.1 Key Facts 181
12.7.2 Business Description 181
12.7.3 Key Product/Services Offerings 182
12.7.4 Growth Strategy 183
12.7.5 SWOT Analysis 183
12.7.6 Key Financials 184
12.7.6.1 Revenue Split 185
12.7.7 Recent Developments 185
12.7.7.1 Product Launch 185
12.7.7.2 Partnership 186
12.7.7.3 Business Expansion and Investment 187
12.8 IBM Corporation 188
12.8.1 Key Facts 188
12.8.2 Business Description 188
12.8.3 Key Product/Services Offerings 188
12.8.4 Growth Strategy 189
12.8.5 SWOT Analysis 189
12.8.6 Key Financials 190
12.8.6.1 Revenue Split 191
12.8.7 Recent Developments 191
12.8.7.1 Product Launch 191
12.8.7.2 Partnership 192
12.8.7.3 Business Expansion and Investment 192
12.9 Schneider Electric S.E. 193
12.9.1 Key Facts 193
12.9.2 Business Description 193
12.9.3 Key Product/Services Offerings 194
12.9.4 Growth Strategy 194
12.9.5 SWOT Analysis 195
12.9.6 Key Financials 196
12.9.6.1 Revenue Split 197
12.9.7 Recent Developments 197
12.9.7.1 Product Launches 197
12.9.7.2 Partnerships 198
12.9.7.3 Business Expansion and Investments 198
12.10 Siemens AG 199
12.10.1 Key Facts 199
12.10.2 Business Description 199
12.10.3 Key Product/Services Offerings 199
12.10.4 Growth Strategy 200
12.10.5 SWOT Analysis 200
12.10.6 Key Financials 201
12.10.6.1 Revenue Split 202
12.10.7 Recent Developments 202
12.10.7.1 Product Launches 202
12.10.7.2 Partnerships 204
12.10.7.3 Business Development and Investment 204
12.11 United Technologies Corporation 205
12.11.1 Key Facts 205
12.11.2 Business Description 205
12.11.3 Key Product/Services Offerings 206
12.11.4 Growth Strategy 206
12.11.5 SWOT Analysis 207
12.11.6 Key Financials 208
12.11.6.1 Revenue Split 209
12.11.7 Recent Developments 209
12.11.7.1 Partnerships 209
12.11.7.2 Business Expansion and Investment 210
12.11.7.3 Merger and Acquisition 210
TABLE 2 Comparison between ZigBee & Z-Wave Features 67
TABLE 3 Comparative Analysis on Wireless Technology, Z-Wave, ZigBee and Bluetooth Mesh 68
TABLE 4 Europe Smart Home Market by Country, 2018-25 (US$ Million) 91
TABLE 5 Germany Energy Concept, Main Objectives 93
TABLE 6 ABB Limited Key Facts 145
TABLE 7 Product Segmentation of ABB Limited 146
TABLE 8 ABB Limited Growth Strategy 146
TABLE 9 ABB Limited Product Launch 148
TABLE 10 ABB Limited Partnership 149
TABLE 11 ABB Limited Business expansion and Investment 149
TABLE 12 ASSA ABLOY Key Facts 150
TABLE 13 Product Segmentation of ASSA ABLOY 151
TABLE 14 ASSA ABLOY Growth Strategy 151
TABLE 15 ASSA ABLOY Mergers and Acquisitions 153
TABLE 16 Cisco Systems, Inc. Key Facts 155
TABLE 17 Product Segmentation of Cisco Systems 156
TABLE 18 Cisco Systems Growth Strategy 156
TABLE 19 Cisco Product Launches 159
TABLE 20 Cisco Partnerships 160
TABLE 21 Cisco Business Expansion and Investments 161
TABLE 22 Cisco Mergers and Acquisition 161
TABLE 23 Deutsche Telekom AG Key Facts 162
TABLE 24 Product Segmentation of Deutsche Telekom AG 163
TABLE 25 Deutsche Telekom AG Growth Strategy 163
TABLE 26 Deutsche Telekom AG Product Launch 165
TABLE 27 Deutsche Telekom AG Partnership 167
TABLE 28 Deutsche Telekom AG Business Expansion and Investment 167
TABLE 29 TABLE 1 Emerson Electric Co. Key Facts 169
TABLE 30 Product Segmentation of Emerson Electric Co. 170
TABLE 31 Emerson Electric Co. Growth Strategy 170
TABLE 32 Emerson Electric Co. Partnerships 173
TABLE 33 Emerson Electric Co. Business Expansion and Investment 174
TABLE 34 Emerson Electric Co. Merger and Acquisition 174
TABLE 35 General Electric Company Key Facts 175
TABLE 36 Product Segmentation of General Electric 176
TABLE 37 General Electric Growth Strategy 176
TABLE 38 General Electric Product Launch 179
TABLE 39 Honeywell International Key Facts 181
TABLE 40 Product Segmentation of Honeywell International 182
TABLE 41 Honeywell International, Growth Strategy 183
TABLE 42 Honeywell Product Launch 185
TABLE 43 Honeywell Partnership 186
TABLE 44 Honeywell Business Expansion and Investment 187
TABLE 45 IBM Corporation Key Facts 188
TABLE 46 Product Segmentation of IBM Corporation 188
TABLE 47 IBM Corporation Growth Strategy 189
TABLE 48 IBM Product Launch 191
TABLE 49 IBM Partnership 192
TABLE 50 IBM Business Expansion and Investment 192
TABLE 51 Schneider Electric S.E. Key Facts 193
TABLE 52 Product Segmentation of Schneider Electric S.E. 194
TABLE 53 Schneider Electric S.E. Growth Strategy 194
TABLE 54 Schneider Electric Product Launches 197
TABLE 55 Schneider Electric Partnerships 198
TABLE 56 Schneider Electric Business Expansion and Investments 198
TABLE 57 Siemens AG Key Facts 199
TABLE 58 Product Segmentation of Siemens AG 199
TABLE 59 Siemens AG Growth Strategy 200
TABLE 60 Seimens AG Product Launches 202
TABLE 61 Seimens AG Partnerships 204
TABLE 62 Seimens AG Business Development and Investment 204
TABLE 63 United Technologies Key Facts 205
TABLE 64 Product Segmentation of United Technologies 206
TABLE 65 United Technologies Growth Strategy 206
TABLE 66 United Technologies Partnerships 209
TABLE 67 United Technologies Business Expansion and Investment 210
TABLE 68 United Technologies Merger and Acquisition 210
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