Europe Smart Homes Technology Market: Insights and Forecast, 2019-2025: 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:UMAI19186
August 2019
207
About the Report
Europe smart home market is segmented based on applications, technology and end users. Applications (security & safety, smart appliances, home entertainment, lighting &control, HVAC, energy management), technology (wired and wireless technology) and end users (residential and commercial) are the major focus areas considered while analyzing and defining the penetration of smart home technology in different geographies across Europe. In 2018, safety and security systems dominated the regional smart home market with the maximum share in terms of revenue. Based on the estimation, the segment occupied around 22.8% share in the same year. Increasing demand for security & safety devices, rising penetration of security vendors in Europe such as Verisure & Securitas Direct and Tyco International building substantial monitoring revenue base throughout Europe would help the respective segment to grow at a faster rate of 25.4% during the forecast period (2019-2025). This will invigorate the region at matured stage in smart home technology landscape.
The proliferation and smartening of IoT devices have remarkably scaled up the potential for the industry. Significant amount of data or information can be stored, collected, analyzed and transmitted leading to the saving of substantial amount of money by numerous companies. Hence, in 2018, wireless smart technology held a prominent share of 84.2%, followed by wired technology which held 15.8% during the same year. Wireless market in Europe smart home technology was valued at USD 8,143.6 Million in 2018 and is projected to derive USD 41,664.3 Million revenues by 2025 witnessing an astonishing CAGR of 26.7% during the forecast period. The same year, the wired connection also garnered USD 1,530.4 Million of revenues and is projected to reach USD 9,009.9 Million by 2025 showcasing remarkable compound growth of 29.2% over the forecast period. Ethernet wired connection occupied the largest share in the respective technology.
Based on the end users, the Europe smart home market is segmented into residential and commercial end users. In 2018, smart home technology was more applicable among residential end users. The segment dominated the smart home market at regional scale and is expected to maintain its dominance throughout the analyzed period. Furthermore, depending on residential end users and type, the market is further classified into luxury homes, mid-range apartments, assisted homes and low energy homes. In 2018, the mid-range apartments occupied the largest share followed by luxury apartments and luxury villas in the regional smart home market. Surging investments by major tech giants and venture capitalists to bring in innovation within smart home domain has tremendously contributed towards the growth prospects of smart home technology in the region. Moreover, benefits of smart home technology can also be witnessed among commercial end users such as hotels, hospitals and other commercial buildings. In the smart home industry, technological breakthroughs have been successful in bringing about new shapes to the industry. Smart home technology application was majorly prominent among hospitals. Based on the estimation, the respective segment is projected to generate a revenue of USD 8,627.9 Million by 2024 displaying tremendous CAGR of 27.9% during the forecast period in the smart home market at regional scale. Moreover, strong competitiveness, flourishing IoT, spur in product development, research & development activities, dramatic uptake of technological advancements, growing scope of smart health solutions & ageing population, investments by major peers, spur in smartphone penetration and rising preference for energy management systems and favorable government policies have significantly contributed in prospering the market size of Europe smart home market at large scale. However, low level of awareness among consumers about smart home devices, concerns regarding privacy & hacking, high cost involved in complex installation and high prices of smart home devices need to be addressed to experience the never-ending growth of smart home market.
Also, for better understanding of regional smart home market penetration, the market has been analyzed as per different countries such as Germany, the UK, France, and Norway, the Netherlands, Switzerland, Denmark and the rest of Europe. Based on the estimation, Germany was accounted for the highest revenue share in 2018. Positive impact on businesses of smart device manufacturers such as HVAC and numerous established players and startups earmarking their footprint in smart appliances domain ranging from remote controlled heating appliances and growing interest for energy saving applications such as thermostats and booming concept of Internet of Things have bolstered the growth of Europe smart home technology market. Numerous companies have forayed in the European smart home technology market that offers smart devices in different applications such as smart speaker, security systems, smart TVs, LEDs and switches, kitchen ware appliances and other devices. With an objective to enhance their product portfolio, the major market players have entered into various acquisitions and collaborations. Major players in this market comprise ABB Ltd, Assa Abbloy, Cisco Systems Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, Schneider Electric S.E., and Siemens AG and United Technologies Corporation and others.
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 17
1.2 Objective of the Study 17
1.3 Limitation 17
1.4 Stakeholders 18
1.5 Currency used in the Report 18
1.6 Scope of the Europe Smart Home Technology Market Study 18
2. RESEARCH METHODOLOGY OR ASSUMPTION 19
2.1 Research Methodology for Europe Smart Home Technology Market Study 19
2.1.1 Main objective of the Europe Smart Home Technology Market Study 20
3. ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION 21
3.1 General Overview 21
3.1.1 European Union Energy efficiency targets for 2020 and 2030 22
3.1.2 Policies adopted to improve energy efficiency, among European Union 22
3.1.3 Energy efficiency progress update for European Union 23
3.1.4 Future impact of energy efficiency program in the EU 23
4. INDUSTRY PERFORMANCE 24
5. EXECUTIVE SUMMARY 26
6. MARKET OVERVIEW 28
6.1 Introduction 28
6.2 Market Dynamics 31
6.3 Market Drivers 31
6.3.1 Wave of Digitization at Accelerating Pace 31
6.3.2 Evolving Governmental Energy and Emission Policies 32
6.3.3 Growing Demand for Smart Home Energy Management System 33
6.3.4 Development of Smart Gas Metering Services 33
6.3.5 Development of Interconnectivity across Platforms and Devices 35
6.4 Market Restraints 35
6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns 35
6.4.2 Concerns Regarding Privacy and Hacking 36
6.4.3 Complex Installation and High Price of the Smart Home products 37
6.5 Opportunities 37
6.5.1 Scope for Insurance companies 37
6.5.2 Growth for Telecom Operators 37
6.5.3 Restoring Independence for Elders and Smart Health Solutions 38
6.6 Factor Analysis 39
6.6.1 Demand & Supply Side Analysis 39
6.6.2 Major Development & Investments in the Smart Home Market 40
6.6.3 Major development and new Start-ups 42
6.6.4 Top Investor in the Smart Home Market 44
6.6.5 Major Agreements and Contracts 45
7. MARKET INSIGHTS BY PRODUCT 46
7.1 General Overview 46
7.1.1 Safety and Security 47
7.1.2 Smart Appliances 48
7.1.3 Heating, Ventilating, Air Conditioning (HVAC) 50
7.1.4 Home Entertainment 52
7.1.5 Smart Lighting Systems 55
7.1.6 Smart Energy Management 57
8. SMART HOME MARKET INSIGHTS BY TECHNOLOGY 59
8.1 General Introduction 59
8.2 Wireless Smart Technology 59
8.2.1 Wi- fi Technology 61
8.2.2 Bluetooth Technology 63
8.2.3 Zigbee Technology 65
8.2.4 Z- Wave Technology 66
8.2.5 Other Wireless Technology 69
8.3 Wired Smart Technology 69
8.3.1 Ethernet Technology 71
8.3.2 Power Line Communication 72
8.3.3 Fiber to Home Technology 73
8.3.4 Other Wired Technology 75
9. SMART HOME MARKET INSIGHTS BY END-USERS 76
9.1 General Overview 76
9.2 Residential End Users 77
9.2.1 Luxury Homes 79
9.2.2 Mid-Range Apartments/Homes 81
9.2.3 Assisted Homes 82
9.2.4 Low Energy Homes 83
9.3 Commercial End Users 84
9.3.1 Smart Hotels 86
9.3.2 Smart Hospitals 88
9.3.3 Other Commercial Buildings 89
10. SMART HOME MARKET INSIGHTS BY COUNTRY 90
10.1 European Smart Home Market Insights 90
10.1.1 Europe Smart Home Market by Country 91
10.2 Germany Smart Home Market Insights 91
10.2.1 Germany Smart Home Market by Product 94
10.2.2 Germany Smart Home Market by Technology 95
10.2.3 Germany Smart Home Market by Wireless Technology 95
10.2.4 Germany Smart Home Market by Wired Technology 96
10.2.5 Germany Smart Home Market by End -Users 96
10.2.6 Germany Residential End-User Market by Type of Buildings 97
10.2.7 Germany Commercial End-User Market by Type of Buildings 97
10.3 The United Kingdom Smart Home Market Insights 98
10.3.1 UK Smart Home Market by Application 101
10.3.2 UK Smart Home Market by Technology 101
10.3.3 The UK Smart Home Market by Wireless Technology 102
10.3.4 UK Smart Home Market by Wired Technology 102
10.3.5 UK Smart Home Market by End -Users 103
10.3.6 UK Residential End-User Market by Type of Buildings 103
10.3.7 UK Commercial Smart Home Market by Type of Commercial Buildings 104
10.4 The Netherlands Smart Home Technology Market Insights 104
10.4.1 Netherlands Smart Home Market by Product 106
10.4.2 Netherlands Smart Home Market by Technology 107
10.4.3 Netherlands Smart Home Market by Wireless Technology 107
10.4.4 Netherlands Smart Home Market by Wired Technology 108
10.4.5 Netherlands Smart Home Market by End -Users 108
10.4.6 Netherlands Commercial End-User Market by Type of Buildings 109
10.4.7 Netherlands Commercial End-User Market by Type of Buildings 109
10.5 France Smart Home Technology Market Insights 110
10.5.1 France Smart Home Market by Product 112
10.5.2 France Smart Home Market by Technology 112
10.5.3 France Smart Home Market by Wireless Technology 113
10.5.4 France Smart Home Market by Wired Technology 113
10.5.5 France Smart Home Market by End -Users 114
10.5.6 France Residential End-User Market by Type of Buildings 114
10.5.7 France Commercial End-User Market by Type of Buildings 115
10.6 Norway Smart Home Market Insights 115
10.6.1 Norway Smart Home Market by Product 117
10.6.2 Norway Smart Home Market by Technology 117
10.6.3 Norway Smart Home Market by Wireless Technology 118
10.6.4 Norway Smart Home Market by Wired Technology 118
10.6.5 Norway Smart Home Market by End -Users 119
10.6.6 Norway Commercial End-User Market by Type of Buildings 119
10.6.7 Norway Commercial End-User Market by Type of Buildings 120
10.7 Switzerland Smart Home Market Insights 120
10.7.1 Switzerland Smart Home Market by Product 123
10.7.2 Switzerland Smart Home Market by Technology 123
10.7.3 Switzerland Smart Home Market by Wireless Technology 124
10.7.4 Switzerland Smart Home Market by Wired Technology 124
10.7.5 Switzerland Smart Home Market by End -Users 125
10.7.6 Switzerland Commercial End-User Market by Type of Buildings 125
10.7.7 Switzerland Commercial End-User Market by Type of Buildings 126
10.8 Denmark Smart Home Market Insights 126
10.8.1 Denmark Smart Home Market by Product 128
10.8.2 Denmark Smart Home Market, by Technology 128
10.8.3 Denmark Smart Home Market by Wireless Technology 129
10.8.4 Denmark Smart Home Market by Wired Technology 129
10.8.5 Denmark Smart Home Market by End -Users 130
10.8.6 Denmark Commercial End-User Market by Type of Buildings 130
10.8.7 Denmark Commercial End-User Market by Type of Buildings 131
10.9 Rest of Europe Smart Home Technology Market Insights 131
10.9.1 Rest of Europe Smart Home Market by Product 133
10.9.2 Rest of Europe Smart Home Market by Technology 133
10.9.3 Rest of Europe Smart Home Market by Wireless Technology 134
10.9.4 Rest of Europe Smart Home Market by Wired Technology 134
10.9.5 Rest of Europe Smart Home Market by End -Users 135
10.9.6 Rest of Europe Commercial End-User Market by Type of Buildings 135
10.9.7 Rest of Europe Commercial End-User Market by Type of Buildings 136
11. COMPETITIVE SCENARIO 137
11.1 Porter's Five forces analysis 137
11.1.1 Bargaining Power of Suppliers 138
11.1.2 Bargaining Power of Buyers 138
11.1.3 Threat of New Entrants 139
11.1.4 Threat of Substitutes 139
11.1.5 Intensity of Rivalry 140
11.2 Global Smart Home Market Share Analysis, 2018 141
11.2.1 Smart Safety & Security Market Share by Company, 2018 141
11.2.2 Smart Home Entertainment Appliances Market Share by Company, 2018 142
11.2.3 Lighting & Control System Market Share by Company, 2018 143
11.2.4 Smart Thermostats & Home Appliances Market Share by Company, 2018 144
12. COMPANY PROFILES 145
12.1 ABB Limited 145
12.1.1 Key Facts 145
12.1.2 Business Description 145
12.1.3 Key Product/Services Offerings 146
12.1.4 Growth Strategy 146
12.1.5 SWOT Analysis 146
12.1.6 Key Financials 147
12.1.6.1 Revenue Split 148
12.1.7 Recent Developments 148
12.1.7.1 Product Launch 148
12.1.7.2 Partnership 149
12.1.7.3 Business expansion and Investment 149
12.2 ASSA ABLOY 150
12.2.1 Key Facts 150
12.2.2 Business Description 150
12.2.3 Key Product/Services Offerings 151
12.2.4 Growth Strategy 151
12.2.5 SWOT Analysis 151
12.2.6 Key Financials 152
12.2.6.1 Revenue Split 153
12.2.7 Recent Developments 153
12.2.7.1 Mergers and Acquisitions 153
12.3 Cisco Systems, Inc. 155
12.3.1 Key Facts 155
12.3.2 Business Description 155
12.3.3 Key Product/Services Offerings 156
12.3.4 Growth Strategy 156
12.3.5 SWOT Analysis 157
12.3.6 Key Financials 158
12.3.6.1 Revenue Split 159
12.3.7 Recent Developments 159
12.3.7.1 Product Lunches 159
12.3.7.2 Partnerships 160
12.3.7.3 Business Expansion and Investment 161
12.3.7.4 Mergers and Acquisition 161
12.4 Deutsche Telekom AG 162
12.4.1 Key Facts 162
12.4.2 Business Description 162
12.4.3 Key Product/Services Offerings 163
12.4.4 Growth Strategy 163
12.4.5 SWOT Analysis 163
12.4.6 Key Financials 164
12.4.6.1 Revenue Split 165
12.4.7 Recent Developments 165
12.4.7.1 Product Launch 165
12.4.7.2 Partnership 167
12.4.7.3 Business Expansion and Investment 167
12.5 Emerson Electric Co. 169
12.5.1 Key Facts 169
12.5.2 Business Description 169
12.5.3 Key Product/Services Offerings 170
12.5.4 Growth Strategy 170
12.5.5 SWOT Analysis 171
12.5.6 Key Financials 172
12.5.6.1 Revenue Split 173
12.5.7 Recent Developments 173
12.5.7.1 Partnerships 173
12.5.7.2 Business Expansion and Investment 174
12.5.7.3 Merger and Acquisition 174
12.6 General Electric Company 175
12.6.1 Key Facts 175
12.6.2 Business Description 175
12.6.3 Key Product/Services Offerings 176
12.6.4 Growth Strategy 176
12.6.5 SWOT Analysis 177
12.6.6 Key Financials 178
12.6.6.1 Revenue Split 179
12.6.7 Recent Developments 179
12.6.7.1 Product Launch 179
12.7 Honeywell International Inc. 181
12.7.1 Key Facts 181
12.7.2 Business Description 181
12.7.3 Key Product/Services Offerings 182
12.7.4 Growth Strategy 183
12.7.5 SWOT Analysis 183
12.7.6 Key Financials 184
12.7.6.1 Revenue Split 185
12.7.7 Recent Developments 185
12.7.7.1 Product Launch 185
12.7.7.2 Partnership 186
12.7.7.3 Business Expansion and Investment 187
12.8 IBM Corporation 188
12.8.1 Key Facts 188
12.8.2 Business Description 188
12.8.3 Key Product/Services Offerings 188
12.8.4 Growth Strategy 189
12.8.5 SWOT Analysis 189
12.8.6 Key Financials 190
12.8.6.1 Revenue Split 191
12.8.7 Recent Developments 191
12.8.7.1 Product Launch 191
12.8.7.2 Partnership 192
12.8.7.3 Business Expansion and Investment 192
12.9 Schneider Electric S.E. 193
12.9.1 Key Facts 193
12.9.2 Business Description 193
12.9.3 Key Product/Services Offerings 194
12.9.4 Growth Strategy 194
12.9.5 SWOT Analysis 195
12.9.6 Key Financials 196
12.9.6.1 Revenue Split 197
12.9.7 Recent Developments 197
12.9.7.1 Product Launches 197
12.9.7.2 Partnerships 198
12.9.7.3 Business Expansion and Investments 198
12.10 Siemens AG 199
12.10.1 Key Facts 199
12.10.2 Business Description 199
12.10.3 Key Product/Services Offerings 199
12.10.4 Growth Strategy 200
12.10.5 SWOT Analysis 200
12.10.6 Key Financials 201
12.10.6.1 Revenue Split 202
12.10.7 Recent Developments 202
12.10.7.1 Product Launches 202
12.10.7.2 Partnerships 204
12.10.7.3 Business Development and Investment 204
12.11 United Technologies Corporation 205
12.11.1 Key Facts 205
12.11.2 Business Description 205
12.11.3 Key Product/Services Offerings 206
12.11.4 Growth Strategy 206
12.11.5 SWOT Analysis 207
12.11.6 Key Financials 208
12.11.6.1 Revenue Split 209
12.11.7 Recent Developments 209
12.11.7.1 Partnerships 209
12.11.7.2 Business Expansion and Investment 210
12.11.7.3 Merger and Acquisition 210
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