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Report
European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027
Market Report I 2022-06-21 I 325 Pages I MarketsandMarkets
The European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027.
"Surging importance of home monitoring"
Smart homes can perform intricate tasks such as automatically lighting up evacuation routes in the case of a fire alarm in addition to basic operations such as turning off lights, dimming lights, and shutting curtains. Connectivity has become a high-end novelty in a variety of household equipment, including security cameras and utility or smart meters, which record the consumption of electric energy and communicate information to the user and thermostats. In the coming years, connectivity is anticipated to become a more prevalent trend, where connectivity will become an incorporated standard in practically every household gadget and equipment.
A smart home, also known as a connected or an automated home, is defined as a dwelling unit where partial or all functionalities can be controlled remotely or manually with the integration of required electronic devices and specialized software. Security and access control; energy management; and heating, ventilation, and air conditioning (HVAC) control are a few of the popular functions of a smart home. A smart home ecosystem envelops offerings such as electronic devices, software, and communication media.
"Increasing number of manufacturers expanding their smart home product portfolios"
The smart home industry's value chain includes a significant number of component, device, and system manufacturers across the world. There are also a large number of software algorithms and service suppliers in the business. Samsung SmartThings, Amazon Echo, Google Home, and Apple HomeKit are just a handful of the smart home product breakthroughs announced recently by industry giants. Homeowners have begun to use home automation systems on a broad scale due to the benefits they provide, which primarily include convenience, energy efficiency, and cost savings. With the high penetration rate of lighting controls (such as dimmers, timers, and occupancy sensors), HVAC controls (such as smart thermostats, sensors, and control valves), and security and access products (such as security cameras and smart locks) in Europe, smart home product manufacturers are expanding their product portfolios to cater to different application areas within a household, such as electrical energy conservation, water conservation, and security.
"Germany to grow at a fastest rate in the forecast period"
Smart home products have a high adoption rate in Germany. According to a survey conducted by the German industry group Bitkom, 41% of all Germans had at least one smart home device installed in 2021. Ease, convenience, and comfort were the primary motivators for purchasing smart home goods, as cited by 78% of respondents, while 69% wanted to make their homes safer. Energy efficiency was rated as a high purchase criterion by 62% of respondents. There have been several initiatives from the government and industry to make energy efficient, which will drive the adoption of smart home products and services.
For example, the German Federal Ministry of Economic Affairs and Energy in February 2022 created the "Smart Energy Showcases - Digital Agenda for the Energy Transition" grant initiative. The purpose of this initiative is to include market participants from all points along the value chain as well as to install and test forward-thinking energy systems.
Breakdown of profiles of primary participants:
- By Company: Tier 1 = 15%, Tier 2 = 50%, and Tier 3 = 35%
- By Designation: C-level Executives = 45%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 20%
- By Region: North America = 45%, Asia Pacific = 12%, Europe=35%, and South America=3% and Middle East and Africe = 5%.
Major players profiled in this report:
The European smart home market is dominated by a few established players such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden).
Research coverage
This report offers detailed insights into the European smart home market based on product, software & service, sales channel, and European region.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the European smart home market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the European smart home market and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 38
1.3 INCLUSIONS AND EXCLUSIONS 38
1.4 STUDY SCOPE 38
1.4.1 MARKET SEGMENTATION 38
FIGURE 1 EUROPEAN SMART HOME MARKET SEGMENTATION 39
1.4.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY 39
1.5 YEARS CONSIDERED 40
1.6 CURRENCY 40
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 EUROPEAN SMART HOME MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 43
2.1.1.1 Secondary sources 43
2.1.2 PRIMARY DATA 44
2.1.2.1 Primary interviews with experts 44
2.1.2.2 List of key primary interview participants 44
2.1.2.3 Breakdown of primary interviews 45
2.1.2.4 Key data from primary sources 45
2.1.2.5 Key industry insights 46
2.2 MARKET SIZE ESTIMATION 46
FIGURE 3 EUROPEAN SMART HOME MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 46
2.2.1 TOP-DOWN APPROACH 47
2.2.1.1 Approach for capturing market size by top-down analysis (supply side) 47
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 47
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 48
2.2.2 BOTTOM-UP APPROACH 48
2.2.2.1 Approach for capturing market size by bottom-up analysis (demand side) 48
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 49
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 50
FIGURE 7 DATA TRIANGULATION 50
2.4 RESEARCH ASSUMPTIONS 51
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 51
2.5 LIMITATIONS 52
2.6 RISK FACTORS 52
3 EXECUTIVE SUMMARY 53
FIGURE 8 EUROPEAN SMART HOME MARKET, 2018-2027 (USD BILLION) 54
3.1 EUROPEAN SMART HOME MARKET SCENARIO 54
FIGURE 9 GROWTH PROJECTIONS FOR EUROPEAN SMART HOME MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 54
3.1.1 REALISTIC SCENARIO 55
3.1.2 PESSIMISTIC SCENARIO 55
3.1.3 OPTIMISTIC SCENARIO 55
FIGURE 10 ENTERTAINMENT & OTHER CONTROLS TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2027 56
FIGURE 11 BEHAVIORAL SOFTWARE & SERVICES SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2027 56
FIGURE 12 GERMANY ACCOUNTED FOR LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2022 57
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET 58
FIGURE 13 GROWING AWARENESS ABOUT ENERGY CONSERVATION PROVIDING ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET 58
4.2 EUROPEAN SMART HOME MARKET, BY PRODUCT 58
FIGURE 14 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET DURING FORECAST PERIOD 58
4.3 EUROPEAN SMART HOME MARKET, BY PRODUCT AND COUNTRY 59
FIGURE 15 UK AND ENTERTAINMENT & OTHER CONTROLS SEGMENT HELD LARGEST SHARES OF EUROPEAN SMART HOME MARKET IN 2021 59
4.4 COUNTRY-WISE EUROPEAN SMART HOME MARKET GROWTH 59
FIGURE 16 SMART HOME MARKET IN GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.2.1 DRIVERS 61
5.2.1.1 Growing internet access in European region 61
FIGURE 18 INTERNET ACCESS OF HOUSEHOLDS IN EU 62
5.2.1.2 Rising need for energy saving and low-carbon emission-oriented solutions 62
TABLE 2 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS 62
5.2.1.3 Increasing number of manufacturers expanding their smart home product portfolios 63
5.2.1.4 Ongoing proliferation of smartphones 63
5.2.1.5 Surging importance of home monitoring 64
5.2.1.6 Increasing safety, security, and convenience offered by smart home products 64
5.2.2 RESTRAINTS 65
5.2.2.1 High switching costs for existing smart device consumers 65
5.2.2.2 Smart home products are adopted for convenience rather than for necessity 65
5.2.2.3 High up-front costs 65
5.2.2.4 Complexities and glitches in setting up smart homes 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Favorable government regulations 66
5.2.3.2 Expected incorporation of lighting controllers with in-built data connectivity technology 66
5.2.3.3 Use of smart home products for geriatric applications 67
5.2.4 CHALLENGES 67
5.2.4.1 Linking disparate systems, limited functionalities, and lack of open standards 67
5.2.4.2 Cybersecurity concerns of smart homes 68
5.2.4.3 Difficulty in installing smart home products in existing homes and new constructions 68
5.2.4.4 Compatibility issues of smart home products 69
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 69
FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES RELATED TO EUROPEAN SMART HOME MARKET 69
5.4 EUROPEAN SMART HOME: ECOSYSTEM 70
TABLE 3 EUROPEAN SMART HOME: ECOSYSTEM 70
5.5 TECHNOLOGY ANALYSIS 71
5.5.1 INTERNET OF THINGS 71
5.5.2 ARTIFICIAL INTELLIGENCE 71
5.5.3 CLOUD CONNECTIVITY 72
5.5.4 ROBOTICS AND AUTOMATION 72
5.5.5 5G TECHNOLOGY 73
5.6 VALUE CHAIN ANALYSIS 73
FIGURE 20 EUROPEAN SMART HOME MARKET: VALUE CHAIN ANALYSIS 74
5.6.1 PLANNING AND REVISING FUNDS 74
5.6.2 RESEARCH & DEVELOPMENT 75
5.6.3 MANUFACTURING 75
5.6.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 75
5.7 PATENT ANALYSIS 76
TABLE 4 NUMBER OF PATENTS REGISTERED RELATED TO EUROPEAN SMART HOME MARKET IN LAST 10 YEARS 78
FIGURE 21 TOP 10 COMPANIES WITH HIGHEST NUMBERER OF PATENT APPLICATIONS IN LAST 10 YEARS 79
FIGURE 22 PATENTS GRANTED PER YEAR, 2011-2021 79
5.8 REGULATORY LANDSCAPE 79
5.8.1 STANDARDS 79
5.8.2 REGULATIONS 80
5.9 TRADE DATA 81
5.9.1 EXPORT DATA 82
TABLE 5 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY/REGION, 2017-2020 (USD MILLION) 82
TABLE 6 EXPORT DATA FOR THERMOSTATS (HS CODE 903210),
BY COUNTRY/REGION, 2017-2020 (USD MILLION) 82
5.9.2 IMPORT DATA 83
TABLE 7 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY/REGION, 2017-2020 (USD MILLION) 83
TABLE 8 IMPORT DATA FOR THERMOSTATS (HS CODE 903210),
BY COUNTRY/REGION, 2017-2020 (USD MILLION) 83
5.10 CASE STUDY ANALYSIS 84
5.10.1 JOHNSON CONTROLS' ENERGY SAVING SOLUTIONS FOR MORGAN STANLEY UK OFFICE 84
5.10.2 SMART HOMES FOR GERIATRIC POPULATION IN ITALY 84
5.10.3 INSTALLATION OF BUILDING AUTOMATION SYSTEMS IN CATANIA AIRPORT 84
5.10.4 SIEMENS' INTEGRATED SOLUTIONS TO REDUCE ENERGY CONSUMPTION OF LOUIS VUITTON MUSEUM, PARIS 85
5.10.5 HONEYWELL'S VIDEO MONITORING SOLUTIONS FOR IRELAND'S TALLEST BUILDING 85
5.11 KEY CONFERENCES & EVENTS IN 2022-2023 86
5.12 PORTER'S FIVE FORCES ANALYSIS 86
TABLE 9 IMPACT OF PORTER'S FIVE FORCES ON EUROPEAN SMART HOME MARKET 87
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 87
5.12.2 BARGAINING POWER OF SUPPLIERS 87
5.12.3 THREAT OF NEW ENTRANTS 87
5.12.4 THREAT OF SUBSTITUTES 87
5.12.5 BARGAINING POWER OF BUYERS 88
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 88
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 88
FIGURE 23 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS 88
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS (%) 88
5.13.2 BUYING CRITERIA 89
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 PRODUCTS 89
TABLE 11 KEY BUYING CRITERIA FOR TOP 3 PRODUCTS 89
5.14 AVERAGE SELLING PRICE OF VARIOUS DEVICES/APPLIANCES CONSIDERED IN EUROPEAN SMART HOME MARKET 90
FIGURE 25 ASP TREND FOR VARIOUS APPLIANCES 90
FIGURE 26 ASP TREND FOR VARIOUS SMART DEVICES 90
6 EUROPEAN SMART HOME MARKET, BY TECHNOLOGY & PROTOCOL 91
6.1 INTRODUCTION 91
FIGURE 27 SMART HOME PROTOCOLS & TECHNOLOGIES 91
6.2 CELLULAR NETWORK TECHNOLOGIES 92
6.2.1 CDMA NETWORKS 92
6.2.2 GSM/HSPA NETWORKS 92
FIGURE 28 GSM/HSPA NETWORK SETUP 92
6.2.3 LTE NETWORKS 93
6.2.4 5G 93
6.3 PROTOCOLS & STANDARDS 93
6.3.1 DALI 94
FIGURE 29 WIRING FOR DALI FLUORESCENT DIMMING 94
6.3.2 NEMA 95
6.3.3 KNX 95
6.3.4 DMX 96
6.3.5 LONWORKS 96
FIGURE 30 LONWORKS NETWORK SETUP 97
6.3.6 ETHERNET 97
6.3.7 MODBUS 98
6.3.8 BACNET 98
6.3.9 BLACK BOX 98
6.3.10 PLC 99
6.3.11 DOTDOT 99
6.3.12 MATTER 99
6.4 WIRELESS COMMUNICATION TECHNOLOGIES 99
FIGURE 31 WIRELESS COMMUNICATION TECHNOLOGIES 100
6.4.1 ZIGBEE 100
6.4.2 Z-WAVE 101
6.4.3 WI-FI 101
6.4.4 BLUETOOTH 102
6.4.5 ENOCEAN 102
6.4.6 THREAD 103
6.4.7 INFRARED 103
7 EUROPEAN SMART HOME MARKET, BY PRODUCT 104
7.1 INTRODUCTION 104
FIGURE 32 EUROPEAN SMART HOME MARKET, BY PRODUCT 104
TABLE 12 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 105
TABLE 13 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 105
7.2 LIGHTING CONTROLS 106
7.2.1 MARKET DYNAMICS 106
7.2.1.1 Drivers 106
7.2.1.1.1 Demand for energy-efficient lighting solutions 106
7.2.1.1.2 Conservation of energy reduces costs and extends shelf life of lamps 106
7.2.1.1.3 Increasing adoption of lighting controls in smart cities 107
7.2.1.2 Restraints 107
7.2.1.2.1 Compatibility issues pose hurdles in path of lighting controls 107
7.2.1.2.2 Lack of awareness about intelligent lighting controls 107
7.2.1.2.3 High initial costs 107
7.2.1.2.4 Security and privacy issues associated with smart lighting controls 108
7.2.1.3 Opportunities 108
7.2.1.3.1 Mood lighting provides opportunities for lighting controls 108
7.2.1.3.2 Increase in human-centric lighting in Europe 108
7.2.1.3.3 Rise in trend of smart offices and smart retail stores 108
7.2.2 PRODUCTS COVERED UNDER LIGHTING CONTROLS 109
FIGURE 33 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROLS 109
TABLE 14 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 109
TABLE 15 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022-2027 (USD MILLION) 110
7.2.2.1 Relays 110
TABLE 16 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 110
TABLE 17 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 111
7.2.2.2 Occupancy Sensors 111
TABLE 18 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 111
TABLE 19 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 112
7.2.2.3 Daylight Sensors 112
TABLE 20 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 112
TABLE 21 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 113
7.2.2.4 Timers 113
TABLE 22 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 113
TABLE 23 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 113
7.2.2.5 Dimmers 114
TABLE 24 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 114
TABLE 25 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 115
7.2.2.6 Switches 115
TABLE 26 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 115
TABLE 27 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 116
7.2.2.7 Accessories & Other Products 116
TABLE 28 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018-2021 (USD MILLION) 116
TABLE 29 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2022-2027 (USD MILLION) 117
7.3 SECURITY & ACCESS CONTROLS 117
7.3.1 MARKET DYNAMICS 117
7.3.1.1 Drivers 117
7.3.1.1.1 Multi-level/multifactor authentication enhances authentication process 117
7.3.1.1.2 Increasing popularity of home security systems 117
7.3.1.1.3 Greater efficiency of video surveillance systems compared with traditional systems 118
7.3.1.1.4 Rising adoption of IoT-based security systems 118
7.3.1.1.5 Increasing adoption of IP cameras for video surveillance 118
7.3.1.2 Restraints 118
7.3.1.2.1 Privacy issues 118
7.3.1.2.2 High initial costs 118
7.3.1.3 Opportunities 119
7.3.1.3.1 Significant prospects of biometric technologies in security market 119
7.3.1.3.2 Increase in adoption of security and access control systems post COVID-19 119
7.3.1.3.3 Artificial intelligence (AI) and deep learning integration in home security systems 119
TABLE 30 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 119
TABLE 31 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET,
BY PRODUCT, 2022-2027 (USD MILLION) 120
7.4 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS 120
FIGURE 34 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS 120
TABLE 32 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 120
TABLE 33 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 121
7.4.1 VIDEO SURVEILLANCE SYSTEMS 121
TABLE 34 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 121
TABLE 35 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 122
7.4.1.1 Hardware 122
7.4.1.1.1 Security cameras 122
7.4.1.1.2 IP cameras 122
7.4.1.1.3 Analog cameras 123
7.4.1.1.4 Storage devices 123
7.4.1.1.5 Monitors 123
7.4.1.1.6 Servers 124
7.4.1.1.7 Accessories 124
7.4.1.2 Software 124
7.4.1.2.1 Video analytics software 124
7.4.1.2.2 Video management software (VMS) 125
7.4.1.2.3 Neural networks and algorithms 125
7.4.2 ACCESS CONTROLS 126
TABLE 36 ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 126
TABLE 37 ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 126
7.4.2.1 Biometric Access Controls 126
7.4.2.1.1 Facial recognition 127
7.4.2.1.2 Iris recognition 127
7.4.2.1.3 Fingerprint recognition 127
7.4.2.1.4 Palm recognition 127
7.4.2.1.5 Voice recognition 128
7.4.2.1.6 Others 128
7.4.2.2 Non-biometric Access Controls 128
7.4.2.3 Software 128
7.4.2.4 Services 129
7.5 HVAC CONTROLS 129
7.5.1 MARKET DYNAMICS 130
7.5.1.1 Drivers 130
7.5.1.1.1 Flexibility and ease of accessing HVAC systems 130
7.5.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services 130
7.5.1.1.3 Boom in construction sector fueling demand for HVAC controls 130
7.5.1.1.4 Emergence of IoT-enabled HVAC systems 130
7.5.1.1.5 Need for energy efficiency in buildings 131
7.5.1.1.6 Surging adoption of voice assistants 131
7.5.1.2 Restraints 131
7.5.1.2.1 Lack of interoperability and standardization 131
7.5.1.2.2 Lack of awareness about benefits of HVAC systems 131
7.5.1.2.3 Concerns of data security 132
7.5.1.2.4 High costs and technical complexities associated with installation of HVAC control systems 132
7.5.1.2.5 High retrofitting cost 132
7.5.1.3 Opportunities 132
7.5.1.3.1 Innovations in sensors and controls 132
7.5.1.3.2 Growing demand for cloud computing in HVAC 133
7.5.1.3.3 Integration of smart devices with HVAC systems 133
TABLE 38 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 133
TABLE 39 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 134
7.5.2 PRODUCTS COVERED UNDER HVAC CONTROLS 134
FIGURE 35 EUROPEAN SMART HOME MARKET FOR HVAC CONTROLS 134
TABLE 40 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 135
TABLE 41 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 135
7.5.2.1 Smart Thermostats 135
7.5.2.1.1 Smart thermostats maintain temperatures at required levels 135
TABLE 42 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 136
TABLE 43 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 136
7.5.2.2 Sensors 136
TABLE 44 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 137
TABLE 45 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 137
7.5.2.3 Control Valves 137
TABLE 46 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 138
TABLE 47 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 138
7.5.2.4 Heating & Cooling Coils 139
7.5.2.4.1 HVAC systems use coils to maintain temperature 139
TABLE 48 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 139
TABLE 49 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 139
7.5.2.5 Dampers 140
7.5.2.5.1 Dampers regulate flow of hot/cold air in rooms 140
TABLE 50 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 140
TABLE 51 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 141
7.5.2.6 Actuators 141
7.5.2.6.1 Actuators control dampers and valves in HVAC systems 141
TABLE 52 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 141
TABLE 53 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 142
7.5.2.7 Pumps & Fans 142
7.5.2.7.1 Pumps and exhaust fans in HVAC maintain comfortable temperatures in buildings 142
TABLE 54 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 142
TABLE 55 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 143
7.5.2.8 Smart Vents 143
7.5.2.8.1 Smart vents can be programmed to open and close according to temperature of rooms 143
TABLE 56 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 143
TABLE 57 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 144
7.6 ENTERTAINMENT & OTHER CONTROLS 144
7.6.1 MARKET DYNAMICS 145
7.6.1.1 Drivers 145
7.6.1.1.1 Changing lifestyles of consumers 145
7.6.1.1.2 Enhanced level of comfort offered 145
7.6.1.1.3 Growing consumer inclination toward entertainment products 145
7.6.1.1.4 Growth of 5G 145
7.6.1.2 Restraints 145
7.6.1.2.1 High cost of entertainment control systems 145
7.6.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices 146
7.6.1.2.3 Lack of common standards and interoperability of devices 146
7.6.1.3 Opportunities 146
7.6.1.3.1 Development of 3D gesture-based remote entertainment controls 146
7.6.1.3.2 Integration of AI with entertainment devices 146
7.6.1.3.3 Virtual reality and augmented reality in entertainment devices 147
TABLE 58 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2018-2021 (USD MILLION) 147
TABLE 59 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2022-2027 (USD MILLION) 147
TABLE 60 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 147
TABLE 61 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 148
7.6.2 ENTERTAINMENT CONTROL PRODUCTS 148
FIGURE 36 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT CONTROL PRODUCTS, BY PRODUCT 148
TABLE 62 ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 148
TABLE 63 ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 149
7.6.2.1 Audio & Volume Controls 149
TABLE 64 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 149
TABLE 65 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 150
7.6.2.2 Home Theater System Controls 150
TABLE 66 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018-2021 (USD MILLION) 150
TABLE 67 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 151
7.6.2.3 Touchscreens & Keypads 151
TABLE 68 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018-2021 (USD MILLION) 151
TABLE 69 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 152
7.6.3 OTHER CONTROLS 152
FIGURE 37 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT 152
TABLE 70 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 153
TABLE 71 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 153
7.6.3.1 Smart Meters 153
7.6.3.1.1 Smart meters are electric devices that measure energy consumption and enable two-way communication between users and utilities 153
TABLE 72 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 154
TABLE 73 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 154
7.6.3.2 Smart Plugs 154
7.6.3.2.1 Smart plugs offer plug-level solutions for monitoring, controlling, and automating energy levels of individual sockets 154
TABLE 74 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 155
TABLE 75 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 155
7.6.3.3 Smart Hubs 155
7.6.3.3.1 Smart hubs are solutions to unify connected gadgets in smart homes and control them using one simple application 155
TABLE 76 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 156
TABLE 77 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 156
7.6.3.4 Smart Locks 156
7.6.3.4.1 Smart locks are electromechanical locks that carry out locking and unlocking operations on receiving instructions from authorized devices 156
TABLE 78 SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 157
TABLE 79 SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 157
7.6.3.5 Smoke Detectors 157
7.6.3.5.1 Smoke detectors detect smoke faster than flame and heat detectors 157
TABLE 80 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 158
TABLE 81 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 158
7.7 SMART SPEAKERS 158
7.7.1 MARKET DYNAMICS 159
7.7.1.1 Drivers 159
7.7.1.1.1 Increasing number of smart homes 159
7.7.1.1.2 Proliferation of multifunctional devices 159
7.7.1.1.3 Growing trend of personalization 159
7.7.1.1.4 Growing popularity of smart speakers with displays 160
7.7.1.2 Restraints 160
7.7.1.2.1 Issues related to connectivity range, compatibility, and power 160
7.7.1.2.2 Availability of substitute products 160
7.7.1.2.3 Concerns related to data security 160
7.7.1.3 Opportunities 160
7.7.1.3.1 Increasing consumer preference for technologically advanced products 160
7.7.1.3.2 Increasing demand for smart speakers post COVID-19 161
7.7.1.3.3 Significant presence of large internet/technology companies 161
7.7.1.3.4 Increasing focus of companies on enhancing customer experience 161
TABLE 82 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2018-2021 (USD MILLION) 162
TABLE 83 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2022-2027 (USD MILLION) 162
TABLE 84 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2018-2021 (MILLION UNITS) 162
TABLE 85 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2022-2027 (MILLION UNITS) 163
TABLE 86 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 163
TABLE 87 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 163
7.8 HOME HEALTHCARE 163
7.8.1 MARKET DYNAMICS 164
7.8.1.1 Drivers 164
7.8.1.1.1 Changing demographics to positively affect home health systems 164
7.8.1.1.2 Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access 164
7.8.1.1.3 Change in social structure 164
7.8.1.2 Restraints 164
7.8.1.2.1 Patient safety concerns 164
7.8.1.2.2 Regulatory concerns 165
7.8.1.3 Opportunities 165
7.8.1.3.1 Emerging market for smart wearables to drive home healthcare market 165
7.8.1.3.2 Increase in adoption of home healthcare products due to COVID-19 165
7.8.1.3.3 Use of analytics in home health care systems 165
TABLE 88 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 165
TABLE 89 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022-2027 (USD MILLION) 166
TABLE 90 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 166
TABLE 91 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 166
7.8.2 PRODUCTS COVERED UNDER HOME HEALTHCARE 167
FIGURE 38 SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS 167
7.8.2.1 Health Status Monitors 167
TABLE 92 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 167
TABLE 93 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 168
7.8.2.1.1 Fitness and Heart Rate Monitors 168
7.8.2.1.2 Blood Pressure Monitors 168
7.8.2.1.3 Blood Glucose Meters 168
7.8.2.1.4 Continuous Glucose Monitors 169
7.8.2.1.5 Pulse Oximeters 169
7.8.2.1.6 Fall Detectors 169
7.8.2.2 Physical Activity Monitors 169
TABLE 94 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 170
TABLE 95 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 170
7.9 SMART KITCHENS 170
7.9.1 MARKET DYNAMICS 170
7.9.1.1 Drivers 170
7.9.1.1.1 Changing lifestyles and preferences of consumers 170
7.9.1.1.2 Rising importance of energy conservation 171
7.9.1.1.3 High functionality of smart kitchen equipment 171
7.9.1.2 Restraints 171
7.9.1.2.1 High cost of smart kitchen appliances 171
7.9.1.2.2 High cost of installation 171
7.9.1.3 Opportunities 171
7.9.1.3.1 Incorporation of IoT in kitchen appliances 171
7.9.1.3.2 Food wastage concerns and sustainable cooking 172
TABLE 96 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 172
TABLE 97 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 172
TABLE 98 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 173
TABLE 99 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 173
7.9.2 PRODUCTS COVERED UNDER SMART KITCHENS 174
FIGURE 39 EUROPEAN SMART HOME MARKET FOR SMART KITCHENS, BY PRODUCT 174
7.9.2.1 Smart Refrigerators 174
TABLE 100 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 175
TABLE 101 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 175
7.9.2.2 Smart Coffee Makers 175
TABLE 102 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 176
TABLE 103 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 176
7.9.2.3 Smart Kettles 176
TABLE 104 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 177
TABLE 105 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 177
7.9.2.4 Smart Dishwashers 177
TABLE 106 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 178
TABLE 107 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 178
7.9.2.5 Smart Ovens 178
TABLE 108 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 179
TABLE 109 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 179
7.9.2.6 Smart Cooktops 179
TABLE 110 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 179
TABLE 111 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 180
7.9.2.7 Smart Cookers 180
TABLE 112 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 180
TABLE 113 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 180
7.10 HOME APPLIANCES 181
7.10.1 MARKET DYNAMICS 181
7.10.1.1 Drivers 181
7.10.1.1.1 Availability of wireless solutions 181
7.10.1.1.2 Rising energy prices leading to adoption of smart appliances 181
7.10.1.1.3 Increasing penetration of internet and smartphones worldwide 181
7.10.1.2 Restraints 182
7.10.1.2.1 Privacy concerns among end users 182
7.10.1.2.2 Lack of awareness about smart appliances 182
7.10.1.2.3 Compatibility problems between devices of different companies 182
7.10.1.2.4 High maintenance costs 182
7.10.1.3 Opportunities 182
7.10.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues 182
7.10.1.3.2 Rise in demand for smart appliances due to COVID-19 183
7.10.1.3.3 Integration of new technologies, such as AI, with smart appliances 183
TABLE 114 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 183
TABLE 115 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022-2027 (USD MILLION) 183
TABLE 116 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 184
TABLE 117 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 184
7.10.2 PRODUCTS COVERED UNDER HOME APPLIANCES 184
FIGURE 40 EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES 184
7.10.2.1 Smart Washers 185
TABLE 118 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 185
TABLE 119 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 185
7.10.2.2 Smart Dryers 186
TABLE 120 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 186
TABLE 121 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 186
7.10.2.3 Smart Water Heaters 187
TABLE 122 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 187
TABLE 123 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 187
7.10.2.4 Smart Vacuum Cleaners 187
TABLE 124 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 188
TABLE 125 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 188
7.11 SMART FURNITURE 188
7.11.1 MARKET DYNAMICS 189
7.11.1.1 Drivers 189
7.11.1.1.1 Changing consumer lifestyle 189
7.11.1.1.2 Growing trend toward adoption of space-saving furniture 189
7.11.1.2 Restraints 189
7.11.1.2.1 Reluctance toward adopting new technology 189
7.11.1.2.2 High price of smart furniture 189
7.11.1.2.3 Drawbacks of when two individuals require distinct alternatives 189
7.11.1.3 Opportunities 190
7.11.1.3.1 Incorporation of robotics into smart furniture 190
7.11.1.3.2 Increasing incorporation of ergonomic furniture by corporate entities 190
TABLE 126 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 190
TABLE 127 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022-2027 (USD MILLION) 191
TABLE 128 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 191
TABLE 129 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 191
7.11.2 PRODUCTS COVERED UNDER SMART FURNITURE 192
FIGURE 41 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE PRODUCTS 192
7.11.2.1 Smart Tables 192
TABLE 130 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 192
TABLE 131 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 193
7.11.2.2 Smart Desks 193
TABLE 132 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 193
TABLE 133 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 194
7.11.2.3 Smart Stools & Benches 194
TABLE 134 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 194
TABLE 135 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 194
7.11.2.4 Smart Sofas 195
TABLE 136 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 195
TABLE 137 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 195
7.11.2.5 Smart Chairs 195
TABLE 138 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 196
TABLE 139 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 196
8 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE 197
8.1 INTRODUCTION 198
FIGURE 42 SMART HOME MARKET FOR SOFTWARE & SERVICE, BY TYPE 198
FIGURE 43 BEHAVIORAL SOFTWARE & SERVICES EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 199
TABLE 140 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE,
2018-2021 (USD MILLION) 199
TABLE 141 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE,
2022-2027 (USD MILLION) 199
8.2 BEHAVIORAL 200
8.2.1 BEHAVIORAL SOFTWARE & SERVICES SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 200
8.3 PROACTIVE 200
8.3.1 PROACTIVE SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 200
9 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL 202
9.1 INTRODUCTION 203
FIGURE 44 INDIRECT SALES CHANNEL TO DOMINATE EUROPEAN SMART HOME MARKET DURING FORECAST PERIOD 203
TABLE 142 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL,
2018-2021 (USD MILLION) 203
TABLE 143 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL,
2022-2027 (USD MILLION) 203
9.2 DIRECT SALES CHANNEL 204
9.2.1 DIRECT SALES CHANNELS ARE USED BY WELL-ESTABLISHED PLAYERS AS WELL AS OTHER SMALL PLAYERS AND START-UPS EQUALLY 204
9.3 INDIRECT SALES CHANNEL 204
9.3.1 INDIRECT SALES CHANNELS INVOLVE USING THIRD-PARTY SERVICE PROVIDERS TO SELL PRODUCTS RATHER THAN MANUFACTURERS SELLING PRODUCTS DIRECTLY 204
10 GEOGRAPHIC ANALYSIS 206
10.1 INTRODUCTION 207
FIGURE 45 EUROPE: SMART HOME MARKET SNAPSHOT 208
10.2 REGULATORY FRAMEWORK 209
TABLE 144 EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018-2021 (USD MILLION) 209
TABLE 145 EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022-2027 (USD MILLION) 210
10.3 UK 210
10.3.1 UK TO LEAD SMART HOME MARKET IN EUROPE 210
10.3.2 DEMAND FOR ENERGY-SAVING AND LONG-LASTING LIGHTING SYSTEMS TO DRIVE SMART HOME MARKET IN UK 210
10.3.3 DECLINE IN COST OF BROADBAND SERVICES AND INCREASING ADOPTION OF CLOUD AND IOT INFRASTRUCTURE 211
TABLE 146 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 211
TABLE 147 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 211
10.4 GERMANY 212
10.4.1 RISING DEMAND FOR SMART LIGHTING SOLUTIONS IN HOMES IS DRIVING MARKET 212
10.4.2 INCREASING PENETRATION OF LED LIGHTS AND LUMINARIES 212
10.4.3 GOVERNMENT POLICIES REGARDING ENERGY CONSUMPTION TO PROPEL ADOPTION OF SMART HOME PRODUCTS 212
TABLE 148 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 213
TABLE 149 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 213
10.5 FRANCE 214
10.5.1 RISING DEMAND FOR SECURITY & ACCESS CONTROLS LEADING TO MARKET GROWTH 214
10.5.2 INCREASING AWARENESS OF ENERGY CONSERVATION 214
10.5.3 RISING ADOPTION OF SMART LIGHTS IS INCREASING DEMAND FOR SMART HOME PRODUCTS 214
TABLE 150 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 215
TABLE 151 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 215
10.6 ITALY 215
10.6.1 GOVERNMENT SUPPORT FOR ENERGY EFFICIENCY TO DRIVE ADOPTION OF SMART HOME PRODUCTS 215
10.6.2 HIGH DEMAND FOR SMART LIGHTING IN SMART HOMES 216
TABLE 152 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 216
TABLE 153 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 217
10.7 REST OF EUROPE 217
TABLE 154 REST OF EUROPE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018-2021 (USD MILLION) 218
TABLE 155 REST OF EUROPE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022-2027 (USD MILLION) 219
11 COMPETITIVE LANDSCAPE 220
11.1 OVERVIEW 220
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 220
TABLE 156 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 220
11.2.1 PRODUCT PORTFOLIO 222
11.2.2 REGIONAL FOCUS 222
11.2.3 MANUFACTURING FOOTPRINT 222
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 223
11.3 MARKET SHARE ANALYSIS: EUROPEAN SMART HOME MARKET, 2021 223
TABLE 157 EUROPEAN SMART HOME MARKET: DEGREE OF COMPETITION, 2021 223
11.4 5-YEAR COMPANY REVENUE ANALYSIS 224
FIGURE 46 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN EUROPEAN SMART HOME MARKET 224
11.5 COMPANY EVALUATION QUADRANT 224
11.5.1 STAR 224
11.5.2 EMERGING LEADER 224
11.5.3 PERVASIVE 225
11.5.4 PARTICIPANT 225
FIGURE 47 EUROPEAN SMART HOME MARKET COMPANY EVALUATION QUADRANT, 2021 225
11.5.5 COMPANY FOOTPRINT 226
TABLE 158 OVERALL COMPANY FOOTPRINT 226
TABLE 159 COMPANY PRODUCT FOOTPRINT 227
TABLE 160 COMPANY SALES CHANNEL FOOTPRINT 228
TABLE 161 COMPANY REGION FOOTPRINT 229
11.6 START-UP/SME EVALUATION MATRIX 230
TABLE 162 LIST OF START-UPS IN EUROPEAN SMART HOME MARKET 230
11.6.1 PROGRESSIVE COMPANY 230
11.6.2 RESPONSIVE COMPANY 230
11.6.3 DYNAMIC COMPANY 231
11.6.4 STARTING BLOCK 231
FIGURE 48 EUROPEAN SMART HOME MARKET, START-UP/SME EVALUATION MATRIX, 2021 231
11.7 COMPETITIVE SITUATIONS AND TRENDS 232
11.7.1 PRODUCT LAUNCHES 232
TABLE 163 PRODUCT LAUNCHES & DEVELOPMENTS, 2020-2022 232
11.7.2 DEALS 235
TABLE 164 DEALS, 2020-2022 235
11.7.3 OTHERS 240
TABLE 165 OTHERS, 2020-2022 240
12 COMPANY PROFILES 242
12.1 INTRODUCTION 242
12.2 KEY PLAYERS 242
(Business overview, Products/solutions/services offered, Recent developments, Product launches & developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*
12.2.1 SIEMENS 242
TABLE 166 SIEMENS: COMPANY SNAPSHOT 243
FIGURE 49 SIEMENS: COMPANY SNAPSHOT 243
12.2.2 JOHNSON CONTROLS 253
TABLE 167 JOHNSON CONTROLS: COMPANY SNAPSHOT 253
FIGURE 50 JOHNSON CONTROLS: COMPANY SNAPSHOT 254
12.2.3 SCHNEIDER ELECTRIC 259
TABLE 168 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 259
FIGURE 51 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 260
12.2.4 ASSA ABLOY 266
TABLE 169 ASSA ABLOY: COMPANY SNAPSHOT 266
FIGURE 52 ASSA ABLOY: COMPANY SNAPSHOT 267
12.2.5 RESIDEO 274
TABLE 170 RESIDEO: COMPANY SNAPSHOT 274
FIGURE 53 RESIDEO: COMPANY SNAPSHOT 275
12.2.6 AMAZON 279
TABLE 171 AMAZON: COMPANY SNAPSHOT 279
FIGURE 54 AMAZON: COMPANY SNAPSHOT 280
12.2.7 HONEYWELL 284
TABLE 172 HONEYWELL: COMPANY SNAPSHOT 284
FIGURE 55 HONEYWELL: COMPANY SNAPSHOT 285
12.2.8 APPLE 293
TABLE 173 APPLE: COMPANY SNAPSHOT 293
FIGURE 56 APPLE: COMPANY SNAPSHOT 294
12.2.9 ROBERT BOSCH 299
TABLE 174 ROBERT BOSCH: COMPANY SNAPSHOT 299
FIGURE 57 ROBERT BOSCH: COMPANY SNAPSHOT 300
12.2.10 ABB 305
TABLE 175 ABB: COMPANY SNAPSHOT 305
FIGURE 58 ABB: COMPANY SNAPSHOT 306
12.3 OTHER PLAYERS 310
12.3.1 SAMSUNG ELECTRONICS 310
TABLE 176 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT 310
12.3.2 SONY 311
TABLE 177 SONY: COMPANY SNAPSHOT 311
12.3.3 INGERSOLL RAND 312
TABLE 178 INGERSOLL RAND: COMPANY SNAPSHOT 312
12.3.4 DELTA CONTROLS 313
TABLE 179 DELTA CONTROLS: COMPANY SNAPSHOT 313
12.3.5 SNAP ONE 314
TABLE 180 SNAP ONE: COMPANY SNAPSHOT 314
12.3.6 AXIS COMMUNICATIONS 315
TABLE 181 AXIS COMMUNICATIONS: COMPANY SNAPSHOT 315
12.3.7 COMCAST 316
TABLE 182 COMCAST: COMPANY SNAPSHOT 316
12.3.8 ALARM.COM 317
TABLE 183 ALARM.COM: COMPANY SNAPSHOT 317
12.3.9 VIVINT 318
TABLE 184 VIVINT: COMPANY SNAPSHOT 318
12.3.10 SIMPLISAFE 319
TABLE 185 SIMPLISAFE: COMPANY SNAPSHOT 319
12.3.11 GENERAL ELECTRIC 320
TABLE 186 GENERAL ELECTRIC: COMPANY SNAPSHOT 320
12.3.12 LUTRON ELECTRONICS 321
TABLE 187 LUTRON ELECTRONICS: COMPANY SNAPSHOT 321
12.3.13 LEGRAND 322
TABLE 188 LEGRAND: COMPANY SNAPSHOT 322
12.3.14 LG ELECTRONICS 323
TABLE 189 LG ELECTRONICS: COMPANY SNAPSHOT 323
*Details on Business overview, Products/solutions/services offered, Recent developments, Product launches & developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 324
13.1 DISCUSSION GUIDE 324
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 330
13.3 AVAILABLE CUSTOMIZATION 332
13.4 RELATED REPORTS 332
13.5 AUTHOR DETAILS 333
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security