Smart Home Market Size Research Report

 

The smart homes market forecast 2020-2027 report provides comprehensive coverage of the market through market segments, in-depth regional level analysis, and identifies the key drivers, restraints, growth opportunities, and competitive scenarios in the market. The smart homes market report offers extensive insight and analysis of the market over the next six years (2020-2027) and evaluates the impact of the COVID-19 outbreak on the industry.

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Smart Homes Market Overview

 

The significant factors responsible for the expansion of the smart homes market size includes the increasing adoption of smart devices among the end-users and the strong demand for real-time home security solutions and consumer electronics around the world. With the increasing internet user base, the consumers have shifted towards the adoption of home monitoring systems, which can be automatically controlled through smart devices. This significant shift to improve security of the homes will energize the demand of the smart homes market across the globe.

 

Several government initiatives are focusing on spreading environmental awareness by the usage of energy-saving and low carbon emission solutions, which in turn, is further surging the demand of the market. The global giants are investing in the development of the technologically advanced smart home systems and solutions to capture the growing demand of the market. These factors will further strengthen the growth of the smart homes market share in terms of revenue. On the other edge, the high installation of the smart home appliances is likely to restrain the growth of the smart homes market over the coming years.

 

Smart Home Market Competitive Rivalry

 

The smart homes market report includes an analysis of the competitive landscape present in the smart homes market. It includes an assessment of the existing and upcoming trends that players can invest in. The leading players in the smart homes market are Johnson Controls, Schneider Electric, United Technologies, Amazon Inc., Apple, Honeywell International Inc., Siemens AG, Google, ADT, and Robert Bosch GmbH among others.

 

Smart Homes Market Segmentation

 

On the basis of product, the smart homes market report represents the market share, revenue, and growth rate of each product, which is further divided into

 

·        Lighting Control

o   Relays

o   Occupancy Sensors

o   Daylight Sensors

o   Timers

o   Dimmers

o   Switches

o   Accessories and Other Products

·        Security and Access Control

o   Video Surveillance

§  Hardware

§  Software

o   Access Control

§  Biometric

§  Non-Biometric

·        HVAC Control

o   Smart Thermostats

o   Sensors

o   Control Valves

o   Heating and Cooling Coils

o   Dampers

o   Actuators Pumps and Fans

o   Smart Vents

·        Entertainment Control and Other Controls

o   Entertainment Control Products

§  Audio, Volume, and Multimedia Room Controls

§  Home Theatre System Controls

§  Touchscreens and Keypads

o   Other Control Products

§  Smart Meters

§  Smart Plugs

§  Smart Hubs

§  Smart Locks

§  Smoke Detectors

·        Smart Speaker

·        Home Healthcare

·        Smart Kitchen

o   Smart Refrigerator

o   Smart Coffee Makers

o   Smart Kettles

o   Smart Dishwashers

o   Smart Ovens

o   Smart Cooktops

o   Smart Cookers

·        Home Appliances

o   Smart Washers

o   Smart Dryers

o   Smart Water Heaters

o   Smart Vacuum Clean

·        Smart Furniture

o   Smart Tables

o   Smart Desks

o   Smart Stools and Benches

o   Smart Sofas

o   Smart Chairs

 

On the basis of software & services, the smart homes market report studies the market share, revenue, and growth rate of each software & services, which is further divided into

·        Behavioural

·        Proactive

 

Geographic Segmentation

 

The smart homes market report splits the market into North America, Europe, Asia Pacific, and the Rest of the World, with revenue, market share, and growth rate of all of these regions, from 2020-2027:

 

·        North America

o   United States of America

o   Canada

·        Asia Pacific

    • China
    • Japan
    • India
    • Rest of APAC

·        Europe

    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe

·        RoW

    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

 

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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