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GCC Smart Homes Market by Countries, Application, Company Analysis, Forecast

  • ID: 5331451
  • Report
  • May 2021
  • Region: Middle East
  • Renub Research

FEATURED COMPANIES

  • Emerson Electric
  • Johnson Controls
  • LeGrand SA
  • LG
  • Schneider Electric
IoT integration and internet penetration have led to the growth of the Smart Home industry around the world. Many countries have adopted this technology, and in that race, GCC countries have made positive growth over the times. Smart homes facilitate monitoring and controlling mechanical operations inside residential areas, commercial setups, and other premises. The smart home operates on a centralized network that supports various software that controls and monitors the energy demand, security control, heating, and cooling system. The big markets for this technology are Saudi Arabia, UAE, Kuwait, Qatar, and Oman, among GCC countries. According to this research report, GCC Smart Home Market will be US$ 5,477.40 Million by 2027.



The driving force behind GCC smart homes market growth is increasing government initiatives, adopting IoT across the GCC countries, rising home securities, and surging adoption of smart devices. Besides, growing investment for the development of technologies and increasing demand for real-time security solutions. Furthermore, there have been growing construction activities across GCC countries in the upcoming years at the same time; ongoing residential and commercial projects have huge demand over HAVC system would further drive this market. As per our study, connected entertainment, say, wireless speaker, Smart TVs, video streaming, and connected health devices wearable’s has reached its maturity level in the GCC countries. For the year 2020, Gulf Cooperation Council Smart Home Industry was US$ 803.40 Million.

Facts about GCC Countries

Approx 60% of young populations in GCC countries under30 years.

Around 64% of the population's own smartphones in the GCC countries and UAE have the highest adoption rate among all nations.

UAE users spend 3 to 4 hours daily on smartphones, whereas Saudi’s has the highest mobile videos playback around worldwide approx 90 million YouTube views every day.

According to the publisher, the market of GCC Home Automation Market will grow with a staggering CAGR of 31.55% during 2020-2027.

COVID-19 Impact on Middle East Smart Home Market

The GCC countries have reprioritised their investment in smart home devices because economic fallout has led to a more frugal approach towards spending. We expect that GCC countries see a greater focus on energy-saving devices eg- thermostats, switches etc. and entertainment devices. Economic uncertainty, constrained physical retail opportunities, installation limitations, disrupted manufacturing, and distribution have curbed consumer spending. But we believe that this spending shortfall is temporary.

This latest report "GCC Smart Homes Market by Countries (UAE, Saudi Arabia, Qatar, Bahrain, Kuwait), by Application (Lighting Control, HVAC Control Systems, Security & Access Controls, Entertainment Control Systems, Others), Companies (Johnson Controls, Schneider Electric, Emerson Electric, LG, LeGrand SA)" provides a detailed analysis of GCC Smart Home Industry.

GCC Smart Homes Market

Application - Market break from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

United Arab Emirates Smart Homes Market

Application - Market Break up from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

Saudi Arabia Smart Homes Market

Application - Market Break up from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

Qatar Smart Homes Market

Application - Market Break up from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

Kuwait Smart Homes Market

Application - Market Break up from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

Bahrain Smart Homes Market

Application - Market Break up from 5 viewpoints

1. Lighting Control
2. HVAC Control Systems
3. Security & Access Controls
4. Entertainment Control Systems
5. Others

All companies have been covered from 3 viewpoints
  • Overview
  • Recent Development
  • Revenue

Company Insights

1. Johnson Controls
2. Schneider Electric
3. Emerson Electric
4. LG
5. LeGrand SA
Frequently Asked Questions about the GCC Smart Homes Market

What is the estimated value of the GCC Smart Homes Market?

The GCC Smart Homes Market was estimated to be valued at $803.4 Million in 2020.

What is the growth rate of the GCC Smart Homes Market?

The growth rate of the GCC Smart Homes Market is 31.5%, with an estimated value of $5477.4 Million by 2027.

What is the forecasted size of the GCC Smart Homes Market?

The GCC Smart Homes Market is estimated to be worth $5477.4 Million by 2027.

Who are the key companies in the GCC Smart Homes Market?

Key companies in the GCC Smart Homes Market include Johnson Controls, Schneider Electric, Emerson Electric and LeGrand SA.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Emerson Electric
  • Johnson Controls
  • LeGrand SA
  • LG
  • Schneider Electric

1. Introduction2. Executive Summary3. Research & Methodology
4. Market dynamics
4.1 Growth Drivers
4.2 Key Challenges
4.3 Opportunities
5. GCC Smart Home Market Analysis
5.1 Market
5.2 Application
5.2.1 Lighting Control
5.2.2 HVAC Control Systems
5.2.3 Security & Access Controls
5.2.4 Entertainment Control Systems
5.2.5 Others
6. United Arab Emirates Smart Home Market Analysis
6.1 Market
6.2 Application
6.2.1 Lighting Control
6.2.2 HVAC Control Systems
6.2.3 Security & Access Controls
6.2.4 Entertainment Control Systems
6.2.5 Others
7. Saudi Arabia Smart Home Market Analysis
7.1 Market
7.2 Application
7.2.1 Lighting Control
7.2.2 HVAC Control Systems
7.2.3 Security & Access Controls
7.2.4 Entertainment Control Systems
7.2.5 Others
8. Qatar Smart Home Market Analysis
8.1 Market
8.2 Application
8.2.1 Lighting Control
8.2.2 HVAC Control Systems
8.2.3 Security & Access Controls
8.2.4 Entertainment Control Systems
8.2.5 Others
9. Kuwait Smart Home Market
9.1 Market
9.2 Application
9.2.1 Lighting Control
9.2.2 HVAC Control Systems
9.2.3 Security & Access Controls
9.2.4 Entertainment Control Systems
9.2.5 Others
10. Bahrain Smart Home Market
10.1 Market
10.2 Application
10.2.1 Lighting Control
10.2.2 HVAC Control Systems
10.2.3 Security & Access Controls
10.2.4 Entertainment Control Systems
10.2.5 Others
11. Company Analysis
11.1 Johnson Controls
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 Schneider Electric
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Emerson Electric
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 LG
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 LeGrand SA Overview
11.5.1 Recent Development
11.5.2 Revenue
List of Figures:
Figure-01: GCC - Smart Homes Market (Million US$), 2018 & 2025
Figure-02: GCC - Smart Homes Market Top Two Rapid Growing by Application
Figure-03: GCC - Smart Homes Market (Million US$), 2017 - 2020
Figure-04: GCC - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-05: Application - lighting Control Market (Million US$), 2017 - 2020
Figure-06: Application - Forecast for lighting Control Market Market (Million US$), 2021 - 2027
Figure-07: Application - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-08: Application - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-09: Application - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-10: Application - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-11: Application - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-12: Application - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-13: Application - Others Market (Million US$), 2017 - 2020
Figure-14: Application - Forecast for Others Market (Million US$), 2021 - 2027
Figure-15: UAE - Smart Homes Market (Million US$), 2017 - 2020
Figure-16: UAE - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-17: UAE - lighting Control Market (Million US$), 2017 - 2020
Figure-18: UAE - Forecast for lighting Control Market Market (Million US$), 2021 - 2027
Figure-19: UAE - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-20: UAE - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-21: UAE - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-22: UAE - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-23: UAE - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-24: UAE - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-25: UAE - Others Market (Million US$), 2017 - 2020
Figure-26: UAE - Forecast for Others Market (Million US$), 2021 - 2027
Figure-27: Saudi Arabia - Smart Homes Market (Million US$), 2017 - 2020
Figure-28: Saudi Arabia - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-29: Saudi Arabia - lighting Control Market (Million US$), 2017 - 2020
Figure-30: Saudi Arabia - Forecast for lighting Control Market Market (Million US$), 2021 - 2027
Figure-31: Saudi Arabia - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-32: Saudi Arabia - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-33: Saudi Arabia - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-34: Saudi Arabia - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-35: Saudi Arabia - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-36: Saudi Arabia - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-37: Saudi Arabia - Others Market (Million US$), 2017 - 2020
Figure-38: Saudi Arabia - Forecast for Others Market (Million US$), 2021 - 2027
Figure-39: Qatar - Smart Homes Market (Million US$), 2017 - 2020
Figure-40: Qatar - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-41: Qatar - lighting Control Market (Million US$), 2017 - 2020
Figure-42: Qatar - Forecast for lighting Control Market (Million US$), 2021 - 2027
Figure-43: Qatar - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-44: Qatar - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-45: Qatar - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-46: Qatar - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-47: Qatar - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-48: Qatar - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-49: Qatar - Others Market (Million US$), 2017 - 2020
Figure-50: Qatar - Forecast for Others Market (Million US$), 2021 - 2027
Figure-51: Kuwait - Smart Homes Market (Million US$), 2017 - 2020
Figure-52: Kuwait - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-53: Kuwait - lighting Control Market (Million US$), 2017 - 2020
Figure-54: Kuwait - Forecast for lighting Control Market (Million US$), 2021 - 2027
Figure-55: Kuwait - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-56: Kuwait - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-57: Kuwait - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-58: Kuwait - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-59: Kuwait - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-60: Kuwait - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-61: Kuwait - Others Market (Million US$), 2017 - 2020
Figure-62: Kuwait - Forecast for Others Market (Million US$), 2021 - 2027
Figure-63: Bahrain - Smart Homes Market (Million US$), 2017 - 2020
Figure-64: Bahrain - Forecast for Smart Homes Market (Million US$), 2021 - 2027
Figure-65: Bahrain - lighting Control Market (Million US$), 2017 - 2020
Figure-66: Bahrain - Forecast for lighting Control Market (Million US$), 2021 - 2027
Figure-67: Bahrain - HVAC Control Systems Market (Million US$), 2017 - 2020
Figure-68: Bahrain - Forecast for HVAC Control Systems Market (Million US$), 2021 - 2027
Figure-69: Bahrain - Security & Access Controls Market (Million US$), 2017 - 2020
Figure-70: Bahrain - Forecast for Security & Access Controls Market (Million US$), 2021 - 2027
Figure-71: Bahrain - Entertainment Control Systems Market (Million US$), 2017 - 2020
Figure-72: Bahrain - Forecast for Entertainment Control Systems Market (Million US$), 2021 - 2027
Figure-73: Bahrain - Others Market (Million US$), 2017 - 2020
Figure-74: Bahrain - Forecast for Others Market (Million US$), 2021 - 2027
Figure-75: Johnson Controls - Global Revenue (Million US$), 2017 - 2020
Figure-76: Johnson Controls - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-77: Schneider Electric - Global Revenue (Million US$), 2017 - 2020
Figure-78: Schneider Electric - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-79: Emerson Electric - Global Revenue (Million US$), 2017 - 2020
Figure-80: Emerson Electric - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-81: LG - Global Revenue (Million US$), 2017 - 2020
Figure-82: LG - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-83: LeGrand SA - Global Revenue (Million US$), 2017 - 2020
Figure-84: LeGrand SA - Forecast for Global Revenue (Million US$), 2021 - 2027
Note: Product cover images may vary from those shown
  • Johnson Controls
  • Schneider Electric
  • Emerson Electric
  • LG
  • LeGrand SA
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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