Tag: Global Smart Home Market

The US will continue to drive the multi-billion North America Smart Home Market – GMI Research

The US will continue to drive the multi-billion North America Smart Home Market – GMI Research


The US will continue to drive the multi-billion North America Smart Home Market – GMI Research

The North America smart home market size was USD 24,756.7 million in 2017 and is projected to reach USD 57,894.6 million by the end of 2025 and is expected to grow at an estimated CAGR of 11.5% during the forecast period (2018—2025). The key factors driving the growth of the market are government’s push towards adopting smart homes solution to reduce carbon emission and growing demand for the home automation products from the consumers.

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The growing penetration of the IOT based lighting solutions in households is driving the lighting market in North America’s smart home market.

The ease of remotely operating the household lights and consequently, reducing the electricity bills are some of the factors which are propelling the growth of the lighting application segment in North America’s smart home market. It is expected that lighting applications will witness rapid growth in North America’s smart home market and is expected to grow at an estimated CAGR of 10.7% during the forecast period.

The constant threat of physical, as well as cyber-attack on the smart home appliances, is supporting the growth of the security and access control application. It is foreseen that security and access control application will experience significant growth in the North America smart home market in the coming years. It is expected by 2025, security and access control application will have about one-sixth of the market share in the North America smart home market.

“The growing number of cyber-attacks and the increasing threat of hijackking of the connected smart home devices is fuelling the growth of the security and surveillance application in the North America smart home. Further, rising need for remotely monitoring the aged population and children are supporting the growth of the smart homes market in the region.”
—-GMI Research

Based on countries, the US held the largest share in the market in 2017 since, about 28.5 million homes were smart homes in 2017, whereas, in 2016 about 21 million homes were smart homes. Further, growing technology friendly population and high disposable income are some other factors which are driving the growth of the North America smart home market.

Key takeaways
•    Lighting application is expected to grow at an estimated CAGR of 10.7% during the forecast period.
•    It is expected by 2025, security and access control application will have about one-sixth of the market share in the North America smart home market.
•    US held the largest share in the North America smart home market in 2017 and is estimated to grow at an estimated CAGR of 11.6% during the forecast period.

Some of the key players operating in the North America smart home market are Dell Technologies Inc, Siemens AG, Qualcomm Technologies, General Electric Company, Koninklijke Philips N.V., Schneider Electric SE, Honeywell International Inc, Vivint Inc., Google, LLC, and Samsung Electronics Co.

The North America smart home market has been segmented based on applications and key geographies. Based on applications, the market is categorized into lighting control, security and access control, HVAC control, home healthcare, home appliances, entertainment, and others.

The research report “North America smart home market” provides in-depth analysis of North America smart home across the region, based on applications and key countries for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the North America smart home market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For Sample Pages & Detailed Report Description Visit : https://www.gmiresearch.com/report/north-america-smart-home-market-opportunities-forecast-share-trends-insights-industry-profile-cagr.html

About US

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

Contact – Sarah Nash

Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland

U.S Office +1 860 881 2270
Europe Office +353 1 442 8820

Email: sales@gmiresearch.com

Europe smart home market to be more than USD 30.0 billion by 2025 – GMI Research

Europe smart home market to be more than USD 30.0 billion by 2025 – GMI Research

The Europe smart home market size was USD 12.9 billion in 2017 and is projected to reach USD 31.7 billion by the end of 2025 and is expected to grow at an estimated of CAGR of 12.2% during the forecast period (2018—2025). Rise in the internet of things, increasing penetration of energy-efficient systems and solutions as well as growing demand for a real time home security solutions  in the region are few factors which are supporting the growth of the market.

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Smart lighting applications are driving the growth of the Europe Smart home market
Smart lighting applications are witnessing the significant growth in the Europe smart home market. Since, energy saving is the driving trend of the smart home market in the region. In 2017, about one- third of the market share in the Europe smart home market was held by the lighting applications market and it is expected, that lighting applications will continue to dominate the market during the forecast period.

Growing demand for personalized healthcare solutions, mobile healthcare facilities, and fitness support systems are driving the home healthcare market. In addition, the home healthcare devices are experiencing significant growth from the smart healthcare devices which support remote monitoring of the disabled, elderly people, and children at home. It is expected that the home healthcare segment will grow at an estimated CAGR of 12.9% during the forecast period.

 “It is foreseen, that Europe’s insurance market will get benefited from Europe’s smart home market in coming years, due to the growing demand from the consumers of getting insurance cover for the services such as water leakages and lighting fixtures, apart, from the insurance coverage of the hardware and software components of the connected smart home devices”.
—-GMI Research

Based on countries, Germany held the largest share in the market in 2017 due to the growing number of millionaires and the presence of high spending consumers. Further, the growing penetration of smartphones, smart surveillance cameras, and wearable activity trackers are likely to boost the growth of the smart home market in Germany. It is projected, that the UK market will be the fastest growing smart home market during the forecast period.

Key takeaways
•    In 2017, about one- third of the market share in the Europe smart home market was held by the lighting applications market
•    Home healthcare segment is expected to grow at an estimated CAGR of 12.9% during the forecast period
•    Germany held the largest share in the Europe smart home market in 2017
•    UK market will be the fastest growing smart home market during the forecast period.

Some of the key players operating in the Europe smart home market are Siemens AG, Schneider Electric SE, Honeywell International Inc., Ingersoll-Rand PLC, ABB Group, Legrand S.A., Google, LLC, and Samsung Electronics Co.

The Europe smart home market has been segmented based on applications and key geographies. Based on applications, the market is categorized into lighting control, security and access control, HVAC control, home healthcare, home appliances, entertainment, and others.

The research report “Europe smart home market” provides in-depth analysis of Europe smart home across the region, based on applications and key countries for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the Europe smart home market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For Sample Pages & Detailed Report Description Visit  : https://www.gmiresearch.com/report/europe-smart-home-market-opportunities-forecast-share-trends-insight-cagr-industry-analysis.html

About US
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

Contact – Sarah Nash

Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland

U.S Office +1 860 881 2270
Europe Office +353 1 442 8820

Email: sales@gmiresearch.com

Europe Smart Home Market (2018-2025)-GMI Research

Europe Smart Home Market (2018-2025)-GMI Research

Europe Smart Home Market, By Application (Lighting control, Security & Access Control, HVAC Control, Home Healthcare, Home Appliances, Entertainment, and Others) and by Countries – Opportunities & Forecast, 2018-2025

The Europe Smart Home market was valued at USD 12,985.9 million in 2017 and is projected to reach USD 31,716.2 million by the end of 2025, growing at a CAGR of 12.2% during 2018–2025.

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Figure 1: Global Europe Smart Home Market Revenue, 2018–2025 (USD Million)

Source: GMI Research

The key factors bolstering the market growth are government support for the development of the smart home market and growing demand for energy efficient home automation solutions by the consumers to reduce their carbon footprint.
Based on the applications, lighting control is anticipated to lead the market during 2018–2025

Lighting controls are expected to continue to dominate Europe’s smart home market, owing to, the growing demand for the energy efficient lighting solutions by the consumers. Moreover, the lighting control systems help in reducing the carbon footprint, lowering energy consumption cost, complementing the home design and in enhancing the lighting management in a smart home are propelling the growth of the lighting control application in Europe’s smart home market.

The market for HVAC control systems is expected to witness substantial growth in the region owing to the availability of technologically advance and wi-fi enabled HVAC systems and robust energy distribution network in European countries. Various companies in the region including Bosch Thermotechnik GmbH, Daikin Europe N.V, Vaillant GmbH, Ingersoll-Rand European Holding Company B.V, CIAT Air Conditioners, Mitsubishi Electric Europe B.V., and many more have been involved in the development and sales of smart HVAC systems in the region

Figure 2: Europe Smart Home Market Revenue, by Countries, 2017

Source: GMI Research

Based on countries, Germany held the largest share in the market in 2017 owing to the growing number of millionaires and the presence of high spending consumers. Further, the growing penetration of smartphones, smart surveillance cameras, and wearable activity trackers are likely to boost the growth of the smart home market in Germany. It is projected, that the UK market will be the fastest growing smart home market during the forecast period.
Some of the key players operating in the Europe smart home market are Siemens AG, Schneider Electric SE, Honeywell International Inc., Ingersoll-Rand PLC, ABB Group, Legrand S.A., Google, LLC, and Samsung Electronics Co.

The Europe smart home market has been segmented based on applications and key geographies. Based on applications, the market is categorized into lighting control, security and access control, HVAC control, home healthcare, home appliances, entertainment, and others.

The research report “Europe smart home market” provides in-depth analysis of Europe smart home across the region, based on applications and key countries for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the Europe smart home market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1-    At what pace is Europe Smart Home market growing, globally? What will be the growth trend in the future?
2-    What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3-    What are the country revenue and forecast breakdowns? Which are the major revenue pockets for growth in the Europe Smart Home market?
4-    What are the various application areas and how they are poised to grow?

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Table of Contents (TOC)

•    Executive Summary

•    Introduction 
•    Study Objectives
•    Market Definition
•     Market Covered
•    Geographical Coverage
•    Study Years & Currency
•    Market Stakeholders
•    Key Questions this Study will Answer
•    GMI Research’s Approach & Methodology

•    Europe Smart Home Market- Overview   
•    Introduction         `
•    Market Segmentation
•    Value Chain Analysis
•    Drivers
•    Restraints
•    Trends

•    Europe Smart Home Market Revenue Forecast till 2025   

•    Europe Smart Home Market by Application Revenue Forecast till 2025 
•    Lighting Controls
•    Security and Access Control
•    HVAC Control
•    Home Healthcare
•    Home Appliances
•    Entertainment and Others

•    Europe Smart Home Market by Country Revenue Forecast till 2025
•    Germany Smart Home Market Revenue Forecast till 2025
•    Germany Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    UK Smart Home Market Revenue Forecast till 2025   

•    UK Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    France Smart Home Market Revenue Forecast till 2025  

•    France Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    Others Smart Home Market Revenue Forecast till 2025   

•    Others Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    Competitive Landscape 
•    Porter 5 Analysis
•    Major players and their key strategies

•    Company Profiles (Option 5: 25% Customization – Profiles of 5 Additional Companies of your Choice)
•    Siemens AG
•    Company Overview
•    Financials
•    Recent Developments
•     Qualcomm Technologies Inc.
•    Company Overview
•    Financials
•    Recent Developments
•    General Electric Company
•    Company Overview
•    Financials
•    Recent Developments
•    Koninklijke Philips N.V.
•    Company Overview
•    Financials
•    Recent Developments
•    Schneider Electric SE
•    Company Overview
•    Financials
•    Recent Developments
•    Honeywell International Inc.
•    Company Overview
•    Financials
•    Recent Developments
•    Ingersoll-Rand PLC
•    Company Overview
•    Financials
•    Recent Developments
•    ABB Group
•    Company Overview
•    Financials
•    Recent Developments
•    Legrand S.A.
•    Company Overview
•    Financials
•    Recent Developments
•     Google , LLC
•    Company Overview
•    Financials
•    Recent Developments

•    About GMI Research

For Sample Pages & Detailed Report Description Visit  : https://www.gmiresearch.com/report/europe-smart-home-market-opportunities-forecast-share-trends-insight-cagr-industry-analysis.html

About US
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

Contact – Sarah Nash

Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland

U.S Office +1 860 881 2270
Europe Office +353 1 442 8820

Email: sales@gmiresearch.com

North America Smart Home Market Opportunities & Forecast (2018-2025)-GMI Research

North America Smart Home Market Opportunities & Forecast (2018-2025)-GMI Research

North America Smart Home Market, By Application (Lighting control, Security & Access Control, HVAC Control, Home Healthcare, Home Appliances, Entertainment, and Others) and by Countries – Opportunities & Forecast, 2018-2025

The North America Smart Home market size was USD 24,756.7 million in 2017 and is projected to reach USD 57,894.6 million by the end of 2025, growing at a CAGR of 11.5% during 2018–2025.

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Figure 1: Global North America Smart Home Market Revenue, 2018–2025 (USD Million)

Source: GMI Research

The key factors driving the growth of the market are growing penetration of the Internet of Things (IoT) based products in households, rising demand for real-time home security solutions and energy efficient lighting solutions for households.

Based on the applications, lighting control is expected to dominate North America smart home market

Lighting controls are expected to continue to lead North America’s smart home market in the coming years, due to the growing need of reducing carbon footprint and lowering the electricity bills. Home appliances are expected to grow at the rapid rate during the forecast period. Further, the market for smart homes is highly competitive and players are facing challenges in bringing product differentiation.  Companies are highly involved in the development of advanced smart home appliances that can provide safety and convenience to the residents of a smart home. Additionally, key players in the market are expanding their businesses by pursuing collaborations and acquisitions in potential markets

Figure 2: North America Smart Home Market Revenue, by Countries, 2017

Source: GMI Research

Based on countries, the US held the largest share in the market in 2017 owing to the growing number of millionaires and the presence of high spending consumers. Further, the growing penetration of smartphones, smart surveillance cameras, and wearable activity trackers are likely to boost the growth of North America smart home market

Some of the key players operating in the North America smart home market are Dell Technologies Inc, Siemens AG, Qualcomm Technologies, General Electric Company, Koninklijke Philips N.V., Schneider Electric SE, Honeywell International Inc, Vivint Inc., Google, LLC, and Samsung Electronics Co.

The North America smart home market has been segmented based on applications and key geographies. Based on applications, the market is categorized into lighting control, security and access control, HVAC control, home healthcare, home appliances, entertainment, and others.

The research report North America smart home market provides in-depth analysis of North America smart home across the region, based on applications and key countries for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the North America smart home market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1-    At what pace is North America Smart Home market growing, globally? What will be the growth trend in the future?
2-    What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3-    What are the country revenue and forecast breakdowns? Which are the major revenue pockets for growth in the North America Smart Home market?
4-    What are the various application areas and how they are poised to grow?

Buy Report @ https://www.gmiresearch.com/buy-research-report.php?rid=144&licence=singaluser

Table o Contents (TOC)

•    Executive Summary

•    Introduction
•    Study Objectives
•    Market Definition
•     Market Covered
•    Geographical Coverage
•    Study Years & Currency
•    Market Stakeholders
•    Key Questions this Study will Answer
•    GMI Research’s Approach & Methodology

•    North America Smart Home Market- Overview
•    Introduction         `
•    Market Segmentation
•    Value Chain Analysis
•    Drivers
•    Restraints
•    Trends

•    North America Smart Home Market Revenue Forecast till 2025   

•    North America Smart Home Market by Application Revenue Forecast till 2025 
•    Lighting Controls
•    Security and Access Control
•    HVAC Control
•    Home Healthcare
•    Home Appliances
•    Entertainment and Others

•    North America Smart Home Market by Country Revenue Forecast till 2025
•    US Smart Home Market Revenue Forecast till 2025
•    US Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    Canada Smart Home Market Revenue Forecast till 2025   

•    Canada Smart Home Market by Application (Option 1: 25% customization)
o    Lighting Controls
o    Security and Access Control
o    HVAC Control
o    Home Healthcare
o    Home Appliances
o    Entertainment and Others

•    Competitive Landscape
•    Porter 5 Analysis
•    Major players and their key strategies

•    Company Profiles (Option 5: 25% Customization – Profiles of 5 Additional Companies of your Choice)
•    Dell Technologies Inc
•    Company Overview
•    Financials
•    Recent Developments
•    Siemens AG
•    Company Overview
•    Financials
•    Recent Developments
•    General Electric Company
•    Company Overview
•    Financials
•    Recent Developments
•    Qualcomm Technologies
•    Company Overview
•    Financials
•    Recent Developments
•    Koninklijke Philips N.V
•    Company Overview
•    Financials
•    Recent Developments
•    Schneider Electric SE
•    Company Overview
•    Financials
•    Recent Developments
•    Honeywell International Inc
•    Company Overview
•    Financials
•    Recent Developments
•    Vivint Inc.,
•    Company Overview
•    Financials
•    Recent Developments
•    Samsung Electronics Co
•    Company Overview
•    Financials
•    Recent Developments
•     Google , LLC
•    Company Overview
•    Financials
•    Recent Developments

•    About GMI Research

For Sample Pages & Detailed Report Description Visit : https://www.gmiresearch.com/report/north-america-smart-home-market-opportunities-forecast-share-trends-insights-industry-profile-cagr.html

About US
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

Contact – Sarah Nash

Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland

U.S Office +1 860 881 2270
Europe Office +353 1 442 8820

Email: sales@gmiresearch.com

Global smart home market reached at USD 48.7 billion in 2016-GMI Research

Global smart home market reached at USD 48.7 billion in 2016-GMI Research

According to GMI Research report, “Global Smart Home Market By Application and By Geography – Opportunities & Forecast 2016–2025”, the global smart home market was estimated to be USD 48.7 billion in 2016 and is projected to reach USD 125.9 billion by the end of 2025, exhibiting a CAGR of 11.1% during the forecast period. The key factors driving growth of the market are rise in the internet of things, increasing penetration of energy-efficient systems and solutions as well as growing demand for real time home security solutions and consumer electronics worldwide.

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Based on Application, Home Appliances are expected to grow at the highest CAGR through 2025

The rise in the disposable income coupled with changing lifestyles of people worldwide has created huge demand for smart home appliances worldwide. The household consumers are focussing more towards reducing their energy costs by using these technologically advanced home appliances. Smart home appliances have ability to connect to internet and can communicate effectively to the end-user.  The smart home appliances market is gaining attention from companies across diverse sectors.

Apart from this, the lighting control held the largest share in the smart home market in 2016. The increase in the adoption rate of intelligent lighting controls by households worldwide has fuelled the growth of the market. These have the ability to reduce electricity consumption as it consists of advanced sensors which automatically adjusts the intensity of artificial light according to the surroundings.

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On the other hand, Entertainment Control is also witnessing a substantial growth in the smart home market. The growth of market is attributed to the ease of managing and controlling entertainment systems such as audio, volume, multimedia room controls within a house. Also, the demand for home theatre system controls has grown significantly owing to the advancement in wireless communication technologies.

North America accounted for the largest share in the market in 2016

Increased demand for energy efficient systems and solutions, growing need for advanced security and access control solutions as well as rising usage of smartphones and tablets in smart home solutions can be attributed as the potential reasons for the growth of smart home market in North American region in 2016. United States is the key country in the region which has highest number of smart homes. Asia-Pacific region is projected to grow at the highest rate during the forecast period. The rise in GDP growth rates coupled with soaring disposable income of people of key economies, especially China and Japan are bolstering growth of the market in the Asia-Pacific region. The penetration rates in application areas such as lighting controls, HAVC controls, home appliances and Entertainment has witnessed a huge upsurge in recent years in the region.

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-smart-home-market-application-geography-growth-opportunities-share-trends-forecast-2016-2025.html

 

Contact-Sarah Nash

Level 1, The Chase Carmanhall Road,

Sandyford Industrial Estate,

Dublin D18 Y3X2, Ireland

U.S Office +1 860 881 2270

Europe Office +353 1 442 8820

Email: sales@gmiresearch.com