Europe Smart Homes Technology Market: Insights and Forecast, 2018-2024: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)
Region:Global
Product Code:UMAI19137
February 2019
218
About the Report
The report published" Europe Smart Home technology Market Insights to 2024 - provides a comprehensive analysis of the smart home technology market at a regional level. The report focuses on overall market size for smart home technology services by various applications (safety and security, smart appliances, HVAC, home entertainment, lighting systems and energy management, by technology (wireless and wired), by end-users (residential and commercial), by different countries such as Germany, UK, Netherlands, France, Norway, Switzerland, Denmark and rest of Europe.
The report also provides a holistic view of the overall smart home technology market in the region as well as connected devices, pricing analysis, growth drivers, restraints and factor analysis in terms of top investments undertaken, top product launches, major merger, and acquisitions.
For an in-depth market overview, the report also includes a country-wise analysis. For all the top industry players, a detailed product description, short and long term strategies, financials, SWOT analysis, and recent developments are also included in the regional smart home market report. In addition to this, Porter 5s along with market share of leading smart home technology companies by application (Netgear, Hanwha, Kuna, Ring, Verisure, Nest, Innogy, Medion, Amazon, Sonos, Google Home, MI, Bose, Switchmate, Belkin, tp-link, hue, LG Electronics, Samsung and Other Players) have also been covered.
Smart Home Technology Market Size
The smart home technology market in Europe has witnessed an overall rise in smart homes penetration as well as smart devices adoption in the last few years specifically in countries such as Germany, UK, Netherlands, and France. Increasing number of smartphones and surging internet penetration, rising demand for smart home energy management system, swelling aging population and potential growth for telecom operators, insurance providers and spur in investments by various players along with presence of local players and launch of prominent smart devices such as Amazon Echo and Google Home has considerably sparked the wave of smart home adoption in the region. Owing to this, smart home technology market in Europe displayed an exponential CAGR growth during the forecasted period (2018-2024).
Europe Smart Home Technology Market Segmentation
Segmentation by Application
The smart home technology market in Europe generated maximum revenues from HVAC smart appliances, followed by safety and security and smart appliances due to rising demand for safety and security system devices. The least revenue contribution is from energy management in Europe smart home market technology but is expected to portray exorbitant growth in coming years.
Segmentation by Technology
Wireless smart home technology in the region held a dominant share in the smart home technology market. The highest contribution in revenues primarily was derived from wifi-enabled devices followed by Bluetooth technology in smart devices accredited to soaring demand for wireless-enabled devices; laptops, smartphones, televisions, tablets to name a few along with a reduction in overall network costs.
In respect to wired smart home technology, Ethernet held a prominent share in wired smart home technology market of the region followed by power line communication market in smart home technology owing to stimulating demand for cost-effective and fast communication paired with surging number of internet users.
Segmentation by End Users
The residential smart home technology market in Europe held the prime share in smart home technology market wherein mid-range homes or apartments occupy the lead share in the respective segment as they found the significant value of connected devices that help to automate their homes and facilitate great energy efficiency.
In respect to the commercial smart home technology market, smart hospitals generated maximum revenues in smart home technology market attributed to maturing IoT and significant technological innovations.
Segmentation by Country
Germany takes the upper hand in the technological market due to the presence of numerous giants such as Amazon Alexa along with the emergence of various startups in the smart home domain. Increasing demand for smart devices, and prevalence of business opportunities for Swedish smart grid companies in Germany, target to reduce energy consumption, high penetration of smartphone & internet, has helped the country to dominate the Europe smart home technology market in comparison to other countries during the forecasted period.
Scope of the report:
Europe Smart Home Market
Market Segmentation
Market Insights, by Application
Safety and Security
Smart Appliances
HVAC
Home Entertainment
Lighting and Controls
Energy Management
Lighting
Market Insights, by Technology
Wired Technologies
Wireless Technologies
Market Insights, by End Users
Residential End Users
Commercial End Users
Market Insights, by Country
Germany Smart Home Market
UK Smart Home Market
Netherlands Smart Home Market
France Smart Home Market
Norway Smart Home Market
Switzerland Smart Home Market
Denmark Smart Home Market
Rest of Europe Smart Home Market
Company Profiles
ABB Limited
ASSA ABLOY
Cisco Systems, Inc.
Deutsche Telekom AG
Emerson Electric Co.
General Electric Company
Samsung Electronics Ltd
Honeywell International Inc
IBM Corporation
Schneider Electric S.E.
Siemens AG
United Technologies Corporation
Reasons to buy:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter's Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
Customization Options:
Europe Smart Home Market can be customized to the country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
Scope of the Report
Products
Companies
ABB Limited, ASSA ABLOY, Cisco Systems, Inc., Deutsche Telekom AG, Emerson Electric Co, General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, Schneider Electric S.E., Siemens AG and United Technologies Corporation
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.2 Key Secondary Sources
2.3 Primary Data
2.4 Sampling Techniques & Data Collection Methods
2.5 Primary Participants
3. ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION
3.1 General Overview
3.1.1 European Union Energy efficiency targets for 2020 and 2030
3.1.2 Policies adopted to improve energy efficiency, among European Union
3.1.3 Energy efficiency progress update for European Union
3.1.4 Future impact of energy efficiency program in the EU
4. INDUSTRY PERFORMANCE
5. EXECUTIVE SUMMARY
6. MARKET OVERVIEW
6.1 Introduction
6.2 Market Dynamics
6.3 Market Drivers
6.3.1 Wave of Digitization at Accelerating Pace
6.3.2 Evolving Governmental Energy and Emission Policies
6.3.3 Growing Demand for Smart Home Energy Management System
6.3.4 Development of Smart Gas Metering Services
6.3.5 Development of Interconnectivity Across Platforms and Devices
6.4 Market Restraints
6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns
6.4.2 Concerns Regarding Privacy and Hacking
6.4.3 Complex Installation and High Price of the Smart Home products
6.5 Opportunities
6.5.1 Scope for Insurance companies
6.5.2 Growth for Telecom Operators
6.5.3 Restoring Independence for Elders and Smart Health Solutions
6.6 Factor Analysis
6.6.1 Demand & Supply Side Analysis
6.6.2 Major Development & Investments in the Smart Home Market
6.6.3 Major development and new Start-ups
6.6.4 Top Investor in the Smart Home Market
7. MARKET INSIGHTS, BY APPLICATIONS
7.1 General Overview
7.1.1 Safety and Security
7.1.2 Smart Appliances
7.1.3 Heating Ventilating, Air Conditioning (HVAC)
7.1.4 Home Entertainment
7.1.5 Smart Lighting Systems
7.1.6 Smart Energy Management
8. SMART HOME MARKET INSIGHTS, BY TECHNOLOGY
8.1 General Introduction
8.2 Wireless Smart Technology
8.2.1 Wi- fi Technology
8.2.2 Bluetooth Technology
8.2.3 Zigbee Technology
8.2.4 Z- Wave Technology
8.2.5 Other Wireless Technology
8.3 Wired Smart Technology
8.3.1 Ethernet Technology
8.3.2 Power Line Communication
8.3.3 Fiber to Home Technology
8.3.4 Other Wired Technology
9. SMART HOME MARKET INSIGHTS, BY END-USERS
9.1 General Overview
9.2 Residential End Users
9.2.1 Luxury Homes
9.2.2 Mid-Range Apartments/Homes
9.2.3 Assisted Homes
9.2.4 Low Energy Homes
9.3 Commercial End Users
9.3.1 Smart Hotels
9.3.2 Smart Hospitals
9.3.3 Other Commercial Buildings
10. SMART HOME MARKET INSIGHTS, BY COUNTRY
10.1 European Smart Home Market Insights
10.2 Germany Smart Home Market Insights
10.2.1 Germany Smart Home Market, by Application
10.2.2 Germany Smart Home Market, by Technology
10.2.3 Germany Smart Home Market, by Wireless Technology
10.2.4 Germany Smart Home Market, by Wired Technology
10.2.5 Germany Smart Home Market, by End -Users
10.2.6 Germany Residential End-User Market, by Type of Buildings
10.2.7 Germany Commercial End-User Market, by Type of Buildings
10.3 United Kingdom Smart Home Market Insights
10.3.1 UK Smart Home Market, by Application
10.3.2 UK Smart Home Market, by Technology
10.3.3 UK Smart Home Market, by Wireless Technology
10.3.4 UK Smart Home Market, by Wired Technology
10.3.5 UK Smart Home Market, by End -Users
10.3.6 UK Residential End-User Market, by Type of Buildings
10.3.7 UK Commercial Smart Home Market, by Type of Commercial Buildings
10.4 Netherlands Smart Home Technology Market Insights
10.4.1 Netherlands Smart Home Market, by Application
10.4.2 Netherlands Smart Home Market, by Technology
10.4.3 Netherlands Smart Home Market, by Wireless Technology
10.4.4 Netherlands Smart Home Market, by Wired Technology
10.4.5 Netherlands Smart Home Market, by End -Users
10.4.6 Netherlands Commercial End-User Market, by Type of Buildings
10.4.7 Netherlands Commercial End-User Market, by Type of Buildings
10.5 France Smart Home Technology Market Insights
10.5.1 France Smart Home Market, by Application
10.5.2 France Smart Home Market, by Technology
10.5.3 France Smart Home Market, by Wireless Technology
10.5.4 France Smart Home Market, by Wired Technology
10.5.5 France Smart Home Market, by End -Users
10.5.6 France Residential End-User Market, by Type of Buildings
10.5.7 France Commercial End-User Market, by Type of Buildings
10.6 Norway Smart Home Market Insights
10.6.1 Norway Smart Home Market, by Application
10.6.2 Norway Smart Home Market, by Technology
10.6.3 Norway Smart Home Market, by Wireless Technology
10.6.4 Norway Smart Home Market, by Wired Technology
10.6.5 Norway Smart Home Market, by End -Users
10.6.6 Norway Commercial End-User Market, by Type of Buildings
10.6.7 Norway Commercial End-User Market, by Type of Buildings
10.7 Switzerland Smart Home Market Insights
10.7.1 Switzerland Smart Home Market, by Application
10.7.2 Switzerland Smart Home Market, by Technology
10.7.3 Switzerland Smart Home Market, by Wireless Technology
10.7.4 Switzerland Smart Home Market, by Wired Technology
10.7.5 Switzerland Smart Home Market, by End -Users
10.7.6 Switzerland Commercial End-User Market, by Type of Buildings
10.7.7 Switzerland Commercial End-User Market, by Type of Buildings
10.8 Denmark Smart Home Market Insights
10.8.1 Denmark Smart Home Market, by Application
10.8.2 Denmark Smart Home Market, by Technology
10.8.3 Denmark Smart Home Market, by Wireless Technology
10.8.4 Denmark Smart Home Market, by Wired Technology
10.8.5 Denmark Smart Home Market, by End -Users
10.8.6 Denmark Commercial End-User Market, by Type of Buildings
10.8.7 Denmark Commercial End-User Market, by Type of Buildings
10.9 Rest of Europe Smart Home Technology Market Insights
10.9.1 Rest of Europe Smart Home Market, by Application
10.9.2 Rest of Europe Smart Home Market, by Technology
10.9.3 Rest of Europe Smart Home Market, by Wireless Technology
10.9.4 Rest of Europe Smart Home Market, by Wired Technology
10.9.5 Rest of Europe Smart Home Market, by End -Users
10.9.6 Rest of Europe Commercial End-User Market, by Type of Buildings
10.9.7 Rest of Europe Commercial End-User Market, by Type of Buildings
11. COMPETITIVE SCENARIO
11.1 Porter's Five forces analysis
11.1.1 Bargaining Power of Suppliers
11.1.2 Bargaining Power of Buyers
11.1.3 Threat of New Entrants
11.1.4 Threat of Substitutes
11.1.5 Intensity of Rivalry
11.2 Global Smart Home Market Share Analysis, 2017
11.2.1 Smart Safety & Security Market Share, by Company 2017
11.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017
11.2.3 Lighting & Control System Market Share, by Company 2017
11.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017
12. COMPANY PROFILES
12.1 ABB Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Key Product/Services Offerings
12.1.4 SWOT Analysis
12.1.5 Key Financials
12.1.5.1 Revenue Split
12.1.6 Recent Developments
12.2 ASSA ABLOY
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Key Product/Services Offerings
12.2.4 SWOT Analysis
12.2.5 Key Financials
12.2.5.1 Revenue Split
12.2.6 Recent Developments
12.3 Cisco Systems, Inc.
12.3.1 Key Facts
12.3.2 Business Description
Key Product/Services Offerings
12.3.3 SWOT Analysis
12.3.4 Key Financials
12.3.4.1 Revenue Split
12.3.5 Recent Developments
12.4 Deutsche Telekom AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Key Product/Services Offerings
12.4.4 SWOT Analysis
12.4.5 Key Financials
12.4.5.1 Revenue Split
12.4.6 Recent Developments
12.5 Emerson Electric Co.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Key Product/Services Offerings
12.5.4 SWOT Analysis
12.5.5 Key Financials
12.5.5.1 Revenue Split
12.5.6 Recent Developments
12.6 General Electric Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Key Product/Services Offerings
12.6.4 SWOT Analysis
12.6.5 Key Financials
12.6.5.1 Revenue Split
12.6.6 Recent Developments
12.7 Honeywell International Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Key Product/Services Offerings
12.7.4 SWOT Analysis
12.7.5 Key Financials
12.7.5.1 Revenue Split
12.7.6 Recent Developments
12.8 IBM Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Key Product/Services Offerings
12.8.4 SWOT Analysis
12.8.5 Key Financials
12.8.5.1 Revenue Split
12.8.6 Recent Developments
12.9 Schneider Electric S.E.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Key Product/Services Offerings
12.9.4 SWOT Analysis
12.9.5 Key Financials
12.9.5.1 Revenue Split
12.9.6 Recent Developments
12.10 Siemens AG
12.10.1 Key Facts
12.10.2 Business Description
Key Product/Services Offerings
12.10.3 SWOT Analysis
12.10.4 Key Financials
12.10.4.1 Revenue Split
12.10.5 Recent Developments
12.11 United Technologies Corporation
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Key Product/Services Offerings
12.11.4 SWOT Analysis
12.11.5 Key Financials
12.11.5.1 Revenue Split
12.11.6 Recent Developments
Research Methodology
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.