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Global Smart Homes Market to reach USD 97.80 billion by 2026

Global Smart Homes Market Size Study, by Product (Smart Lighting, Smart Speakers, Smart Sensors, Smart Appliances, Smart Security Equipment), by Application (Lighting Control, HVAC Control, Security & Access Control, Entertainment Control) and Regional Forecasts, 2019-2026

Product Code: OIRNGT_26617583
Publish Date: 12-02-2020
Page: 200

Global Smart Homes industry valued approximately USD 32.40 billion in 2018 is anticipated to grow with a healthy growth rate of more than 15.0 % over the forecast period 2019-2026. The major drivers of this market are technological development in smart technology, favorable government initiative for smart infrastructure, and increasing demand for energy conservation. However, few factors such as high cost of switching for existing smart device consumers and problems related to breach in privacy and security are restraining the growth of the global smart home market.
Smart Home technology or home automation enables remote monitoring and management of home appliances and systems. A smart home system uses the concept of Internet of Things (IoT) which enable the devices to operate together and thus providing more secured, comfortable, convenient and energy efficient home. The high cost of electricity is key concern for household consumers. These growing costs are inducing the consumers to save energy. Smart home appliances appeared as an effective solution to save energy. Therefore, households are accepting smart home appliances to reduce their energy costs. The home appliances market is expected to grow at a high rate due to the advancements in electronics and communication technologies.

Major market player included in this report are:
Siemens AG
United Technologies Corporation
General Electric Company
Schneider Electric
Honeywell International, Inc
Ingersoll-Rand PLC
Johnson Controls, Inc
ABB Ltd
Legrand S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Product:
Smart Lighting
Smart Speakers
Smart Sensors
Smart Appliances
Smart Security Equipment
Others
By Application:
Lighting Control
HVAC Control
Security and Access Control
Entertainment Control
Others
Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Smart Homes Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1. Smart Homes Market, by Product, 2016-2026 (USD Billion)
1.3.2. Smart Homes Market, by Application, 2016-2026 (USD Billion)
1.3.3. Smart Homes Market, by Region, 2016-2026 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Homes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Homes Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Homes Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Key Buying Criteria (On Demand)
4.4. Regulatory Framework (On Demand)
4.5. Investment Vs Adoption Scenario (On Demand)
4.6. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Homes Market by Product
5.1. Market Snapshot
5.2. Smart Homes Market, Sub Segment Analysis
5.2.1. Smart Lighting
5.2.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.2. Smart Speakers
5.2.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.3. Smart Sensors
5.2.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.4. Smart Appliances
5.2.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.5. Smart Security Equipment
5.2.5.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.5.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.6. Others
5.2.6.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.6.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 6. Global Smart Homes Market by Application
6.1. Market Snapshot
6.2. Smart Homes Market, Sub Segment Analysis
6.2.1. Lighting Control
6.2.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.2.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.2.2. HVAC Control
6.2.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.2.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.2.3. Security and Access Control
6.2.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.2.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.2.4. Entertainment Control
6.2.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.2.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.2.5. Others
6.2.5.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.2.5.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 7. Global Smart Homes Market, Regional Analysis
7.1. Smart Homes Market, Regional Market Snapshot (2016-2026)
7.2. North America Smart Homes Market Snapshot
7.2.1. U.S.
7.2.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2. Canada
7.2.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3. Europe Smart Homes Market Snapshot
7.3.1. U.K.
7.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2. Germany
7.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3. Rest of Europe
7.3.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4. Asia Smart Homes Market Snapshot
7.4.1. China
7.4.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2. India
7.4.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3. Japan
7.4.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4. Rest of Asia Pacific
7.4.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5. Latin America
7.5.1. Brazil
7.5.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2. Mexico
7.5.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6. Rest of The World Smart Homes Market Snapshot
7.6.1. Middle East and Africa
7.6.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.2. Product breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.3. Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 8. Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Siemens AG
8.3.1.1. Overview
8.3.1.2. Financial (Subject to Data Availability)
8.3.1.3. Product Summary
8.3.1.4. Recent Developments
8.3.2. United Technologies Corporation
8.3.3. Schneider Electric Se
8.3.4. Honeywell International, Inc.
8.3.5. General Electric Company
8.3.6. Ingersoll-Rand PLC
8.3.7. Johnson Controls, Inc.
8.3.8. Legrand S.A.
8.3.9. ABB Ltd
8.3.10. Lutron Electronics Co., Inc.
8.3.11. Samsung Electronics Co., Ltd
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.1.6. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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