The Europe smart home market is expected to have a CAGR of 14.71% during the forecast period of 2019-2027. Europe smart home market continues to escalate in terms of revenue which is expected to reach up to $xx million by 2027. The European market for smart homes is dominated by Germany and the UK.
EUROPE SMART HOME MARKET FORECAST 2019-2027
Europe Smart Homes Market by Products(Security, HVAC, Lighting Controller, Entertainment, Energy Management, Home Health, Others) by Services(Installation and Repair, Customization) & by Geography
The European market for smart homes is expected to have a CAGR of 14.71% during the forecast period of 2019-2027. Europe smart home market continues to escalate in terms of revenue which is expected to reach up to $xx million by 2027.
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The European market for smart homes is dominated by Germany and the UK. On the other hand, Benelux and Scandinavia have a relatively smaller share of the market considering the fact that the market base is small due sparse population and lower disposable income of the people. The level of awareness is low but intense and direct marketing efforts are focusing on both the end users. According to market studies, the installers will impact the market and lead to its growth in the near future.
Prominent companies involved in the smart home market are Schneider Electric Se, Centrica Connected Home Limited, Crestron Electronics Inc, Emerson Electric Co., Ee Limited,Lg Electronics Inc., Samsung Electronics Co. Ltd., Abb Ltd., Blue Line Innovations Inc, United Technologies Corporation. Johnson Controls Inc., Vodafone Group Plc., Century Technologies Corp, Control4 Corporation, Solatube International Inc, Honeywell International Inc., and Siemens Ag.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- ENERGY MANAGEMENT PRODUCTS IS ESTIMATED TO BE THE FASTEST GROWING SEGMENT BY PRODUCT
- INSTALLATION & REPAIR SERVICE TO HOLD THE LARGEST MARKET SHARE
- ADOPTION OF SMART HOMES WILL RISE WITH GROWTH OF CLOUD TECHNOLOGY
- MARKET DYNAMICS
- TIMELINE OF SMART HOME TECHNOLOGY
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
- SWELLING AGEING POPULACE
- INCREASED CRIME RATES
- INITIATIVES BY THE GOVERNMENT
- INTENSIFYING ADOPTION TARIFFS
- GROWING URBANIZATION & INFRASTRUCTURE PROJECTS
- MARKET RESTRAINTS
- ABSENCE OF AWARENESS
- LACK OF COMMON STANDARDS
- HIGH PRICE OF THE SMART HOMES PRODUCTS
- THREAT OF CYBER ATTACKS
- PRIVACY CONCERNS
- MARKET OPPORTUNITY
- SMART CITY PROJECTS IN DEVELOPING COUNTRIES
- INCREASING AWARENESS OF HOME AND PERSONAL ELECTRONIC GADGETS
- RISING SPENDING POWER
- GROWING INTERNET OF THINGS (IOT) APPLICATIONS
- MARKET CHALLENGES
- ANXIETIES ABOUT CONSUMER DATA PRIVACY
- COMPLEX INSTALLATION PROCEDURE OF SMART DEVICES
- LACK OF INTEROPERABILITY
- COMPLEXITIES IN DATA COLLECTION & MANAGEMENT
- MARKET BY PRODUCT
- SECURITY
- HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
- LIGHTING CONTROLLERS
- ENTERTAINMENT
- ENERGY MANAGEMENT
- HOME HEALTH
- OTHERS
- MARKET BY SERVICE
- INSTALLATION & REPAIR
- CUSTOMIZATION
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- UNITED KINGDOM
- FRANCE
- GERMANY
- ITALY
- SPAIN
- REST OF EUROPE
- COMPANY PROFILES
- ABB Ltd.
- BLUE LINE INNOVATIONS INC
- CENTRICA CONNECTED HOME LIMITED
- CENTURY TECHNOLOGIES CORP
- CONTROL4 CORPORATION
- CRESTRON ELECTRONICS INC
- EE LIMITED
- EMERSON ELECTRIC CO.
- HONEYWELL INTERNATIONAL INC.
- JOHNSON CONTROLS, INC.
- LG ELECTRONICS, INC.
- SAMSUNG ELECTRONICS CO., LTD.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- SOLATUBE INTERNATIONAL INC
- UNITED TECHNOLOGIES CORPORATION
- VODAFONE GROUP PLC
TABLE LIST
TABLE 1: TECHNOLOGIES USED IN A HOME AREA NETWORK
TABLE 2: EUROPE SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 3: EUROPE SMART HOME MARKET, BY TYPE, 2019-2027, (IN $ MILLION)
TABLE 4: EUROPE SMART HOME MARKET, BY SERVICES, 2019-2027, (IN $ MILLION)
TABLE 5: OPPORTUNITY MATRIX
TABLE 6: VENDOR LANDSCAPE
TABLE 7: EUROPE SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
FIGURE LIST
FIGURE 1: TIMELINE OF SMART HOME TECHNOLOGY
FIGURE 2: KEY COUNTRIES BY CRIME INDEX
FIGURE 3: PERCENTAGE OF URBAN POPULATION ACROSS MAJOR GEOGRAPHIES, 2017
FIGURE 4: KEY COUNTRIES AFFECTED BY CYBERCRIME
FIGURE 5: EUROPE SMART HOME PRODUCT MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)
FIGURE 6: EUROPE SMART HOME MARKET, BY HEATING VENTILATION AND AIR CONDITIONING, 2019-2027 (IN $ MILLION)
FIGURE 7: EUROPE SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)
FIGURE 8: EUROPE SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)
FIGURE 9: EUROPE SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)
FIGURE 10: EUROPE SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)
FIGURE 11: EUROPE OTHER SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 12: EUROPE SMART HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $ MILLION)
FIGURE 13: EUROPE SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)
FIGURE 14: PORTER’S FIVE FORCE ANALYSIS
FIGURE 15: VALUE CHAIN ANALYSIS
FIGURE 16: EUROPE SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: UNITED KINGDOM SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: FRANCE HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: GERMANY HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: ITALY SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: SPAIN SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: REST OF EUROPE SMART HOME MARKET, 2019-2027 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- UNITED KINGDOM
- FRANCE
- GERMANY
- ITALY
- SPAIN
- REST OF EUROPE
- MARKET BY PRODUCT
- SECURITY
- HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
- LIGHTING CONTROLLERS
- ENTERTAINMENT
- ENERGY MANAGEMENT
- HOME HEALTH
- OTHERS
- MARKET BY SERVICE
- INSTALLATION & REPAIR
- CUSTOMIZATION
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