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Global Smart Home Devices Market Report 2022, by Technology, by Application, by Sales Channel

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    Report

  • 250 Pages
  • March 2022
  • Region: Global
  • The Business Research Company
  • ID: 5567135
Smart Home Devices Global Market Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global smart home devices market.



The report focuses on the smart home devices market which is experiencing strong growth. The report gives a guide to the smart home devices market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

R

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the smart home devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Home Devices Market Global Report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth
  • It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers

Scope


Markets Covered:

1) By Technology: Wi-Fi Technology; Bluetooth Technology
2) By Application: Energy Management; Climate Control System; Healthcare System; Home Entertainment System; Lighting Control System; Security & Access Control System
3) By Sales Channel: Online; Offline

Companies Mentioned: ABB Ltd.; General Electric Company; Johnson Controls; Siemens AG; Schneider Electric S

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; US

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Afric

Time Series: Five years historic and ten years forecast

Data Segmentations: country and regional historic and forecast data, market share of competitors market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes


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Frequently Asked Questions about the Global Smart Home Devices Market

What is the estimated value of the Global Smart Home Devices Market?

The Global Smart Home Devices Market was estimated to be valued at $92.48 billion in 2022.

What is the growth rate of the Global Smart Home Devices Market?

The growth rate of the Global Smart Home Devices Market is 17.5%, with an estimated value of $176.1 billion by 2026.

What is the forecasted size of the Global Smart Home Devices Market?

The Global Smart Home Devices Market is estimated to be worth $176.1 billion by 2026.

Who are the key companies in the Global Smart Home Devices Market?

Key companies in the Global Smart Home Devices Market include ABB Ltd., General Electric Company, Johnson Controls Inc., Siemens AG, Schneider Electric SE, Honeywell International, LG Electronics, Emerson Electric Corporation and Amazon Inc..

Table of Contents

1. Executive Summary2. Smart Home Devices Market Characteristics3. Smart Home Devices Market Trends And Strategies4. Impact Of COVID-19 On Smart Home Devices
5. Smart Home Devices Market Size And Growth
5.1. Global Smart Home Devices Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Home Devices Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Home Devices Market Segmentation
6.1. Global Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Wi-Fi Technology
  • Bluetooth Technology
6.2. Global Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Energy Management
  • Climate Control System
  • Healthcare System
  • Home Entertainment System
  • Lighting Control System
  • Security & Access Control System
6.3. Global Smart Home Devices Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Online
  • Offline

7. Smart Home Devices Market Regional And Country Analysis
7.1. Global Smart Home Devices Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Home Devices Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Smart Home Devices Market
8.1. Asia-Pacific Smart Home Devices Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Smart Home Devices Market
9.1. China Smart Home Devices Market Overview
9.2. China Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Smart Home Devices Market
10.1. India Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Smart Home Devices Market
11.1. Japan Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Smart Home Devices Market
12.1. Australia Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Smart Home Devices Market
13.1. Indonesia Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Smart Home Devices Market
14.1. South Korea Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Smart Home Devices Market
15.1. Western Europe Smart Home Devices Market Overview
15.2. Western Europe Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Smart Home Devices Market
16.1. UK Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Smart Home Devices Market
17.1. Germany Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Smart Home Devices Market
18.1. France Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Smart Home Devices Market
19.1. Eastern Europe Smart Home Devices Market Overview
19.2. Eastern Europe Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Smart Home Devices Market
20.1. Russia Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Smart Home Devices Market
21.1. North America Smart Home Devices Market Overview
21.2. North America Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Smart Home Devices Market
22.1. USA Smart Home Devices Market Overview
22.2. USA Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Smart Home Devices Market
23.1. South America Smart Home Devices Market Overview
23.2. South America Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Smart Home Devices Market
24.1. Brazil Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Smart Home Devices Market
25.1. Middle East Smart Home Devices Market Overview
25.2. Middle East Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Smart Home Devices Market
26.1. Africa Smart Home Devices Market Overview
26.2. Africa Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Smart Home Devices Market Competitive Landscape And Company Profiles
27.1. Smart Home Devices Market Competitive Landscape
27.2. Smart Home Devices Market Company Profiles
27.2.1. ABB Ltd
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. General Electric Company
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Johnson Controls, Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Siemens AG
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Schneider Electric SE
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Home Devices Market29. Smart Home Devices Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the smart homes devices market are ABB Ltd, General Electric Company, Johnson ControlsInc., Siemens AG, Schneider Electric SE, Honeywell International, LG Electronics, Emerson Electric Corporation, BSH Hausgerate GmbH, and Amazon Inc.

The global smart home devices market is expected to grow from $78.44 billion in 2021 to $92.48 billion in 2022 at a compound annual growth rate (CAGR) of 17.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $176.10 billion in 2026 at a CAGR of 17.5%.

The smart homes devices market consists of sales of smart home appliances and devices. Smart home devices are controlled remotely from any internet-connected place in the world using a mobile or any other network device. Appliances of the smart homes are interconnected in such a manner that the user gets the access to control the functions such as security check to the home, temperature, lighting, and home theatre.

The technologies used in smart homes devices are Wi-Fi technology, Bluetooth technology. The wireless technology that connects computers, tablets, smartphones, and other devices to the internet is known as Wi-Fi technology. Wi-Fi is a radio signal transmitted from a wireless router to a nearby device, which converts the signal into data that can be seen and used. . The smart homes devices are applied in energy management, climate control system, healthcare system, home entertainment system, lighting control system, security & access control system and sold through online, offline channels.

The rise in the need to save energy and decrease carbon emission drives the smart home devices market. This increase in the need for sustainable solution has been initiated by strict government regulations that introduced a cap on maximum carbon emissions allowed for each company. Conventional devices continuously use electricity until someone turns them off. However, in the case of smart home devices, they are equipped with motion sensors which can detect the absence of people in the room for given time and automatically turn off, thus saving money and electricity. Saving unnecessary usage of electric devices and decreasing the power demand on the power plants help reduce carbon emission. For example, according to a study in Europe in 2021, smart building technology can save up to 23% of the energy use in office buildings.

High switching costs restrains the smart home device market growth. The cost of smart appliances is high and involves other upfront costs like installation and maintenance cost as well. The high cost obstructs adoption and acceptance of smart devices by the customers including many organizations. According to the survey released by Parks Association in 2021, 44% of the households of the 46.7 million household participants stated that the smart devices are too expensive. Moreover, a smart thermostat in the USA costs around $250 whereas the traditional thermostat cost around $25. The cost factor influences the market negatively.

Companies are developing voice assistants to control smart home devices. Voice assistants are digital assistants that react to voice commands and reply with relevant information. They are different from the traditional keyboard-based searches. They put more focus on the conversational phrasing of any content and prioritize the long tail keywords for any search. For example, Amazon and Google have launched their own voice assistants in their respective smart speakers. Amazon has launched Alexa Voice Assistant in its Echo smart speaker while Google has launched 'Google Assistant' voice assistant for its Google Home smart speaker.

The smart home devices are regulated by government bodies such as National Institute of Standards and Technology (NIST), European Telecommunications Standards Institute (ETSI), and others. The ETSI Cybersecurity Technical Committee (TY Cyber) released ETSI TS 103 645 standard to keep a security baseline for all the internet user product. The standard states that the IoT/Smart Home devices must make it easy for consumers to delete their personal data when there is transfer of ownership. The standard also requires the implementers to stop using universal default passwords as this give rise to a large number of security issues. It also allows the security researchers to report any kind of security flaw in the IoT/Smart Home devices.

In May 2021, Level Home announced the acquisition of Dwelo, a smart home startup for $100 million. With the acquisition of Dwelo, Level Home will be able to offer a seamless of thoughtfully hardware with a powerful SaaS platform that gives residents incredible command, convenience and new abilities. Level Home create smart home products based in US, established in 2016.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smart homes devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • General Electric Company
  • Johnson Controls Inc.
  • Siemens AG
  • Schneider Electric SE
  • Honeywell International
  • LG Electronics
  • Emerson Electric Corporation
  • BSH Hausgerate GmbH
  • Amazon Inc.
  • Google
  • Apple Inc.
  • Panasonic Corporation
  • ADT
  • Legrand SA
  • General Electric
  • Contral4
  • Crestron Electronics
  • Philips
  • Control4 Corporation
  • Whirlpool
  • Vivint Smart Home
  • Hitachi Ltd.
  • Sony
  • Hubbell Inc.
  • Ring
  • Nest
  • Alphabet
  • Delta Electronics
  • Axis Communications AB

Methodology

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