Smart Home Market Analysis: Projected 23.8% CAGR by 2028, Exploring Size, Share, and Future Growth
Ngày đăng: 09-06-2023 |
Ngày cập nhật: 09-06-2023
MarkNtel Advisors has recently published "Smart Home Market Analysis Share, Growth, Demand, Forecast 2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Smart Home Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.
The report indicates that the Smart Home Market is anticipated to experience a CAGR of approximately 23.8% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.
Get Your Complimentary Sample Report Now! https://www.marknteladvisors.com/query/request-sample/global-smart-home-market.html
Market Dynamics
Key Driver: Rising Need for Energy Efficiency to Reduce Running Costs
With alarming levels of carbon emissions as a result of rising warming, energy efficiency is a crucial aspect of any country's development. As smart Home account for a considerable portion of the world's total energy consumption, the mounting consumer need for enhanced energy savings & minimized living costs is the prime aspect projected to drive the market during 2023-28. Additionally, the rising number of smart buildings owing to rapid urbanization, the increasing penetration of smartphones & the internet, growing adoption of intelligent technologies in Home, such as video doorbells, voice-assistants (Alexa and Google Home), & surveillance systems, among others, are also projected to fuel the market growth through 2028.
Recent Developments
The Smart Home Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:
Based on Technology
- Cellular Network Technologies
- Protocols and Standards
- Wireless Communication Technologies
Based on Software & Service
- Behavioral
- Proactive
Based on Product Type
- Entertainment Controls
-- Audio, Volume and Multimedia Room Controls
-- Home Theater System Control
-- Touchscreen and Keypads
- Security & Access Control
-- Video Surveillance
Hardware
Software
Services
-- Access Control
Non-Biometric Access Control
Biometric Access Control
- HVAC Control
-- Smart Thermostats
-- Sensors
-- Actuators
-- Dampers
-- Control Valves
-- Heating and Cooling Coils
-- Pumps & Fans
-- Smart Vents
- Smart Home Appliances
-- Smart Washer
-- Smart Dryers
-- Smart Water Heaters
-- Smart Vacuum Cleaners
- Smart Kitchen
-- Smart Dishwashers
-- Smart Refrigerators
-- Smart Cookers
-- Smart Ovens
-- Smart Coffee Makers
-- Smart Kettles
- Smart Lighting Control
-- Dimmers
-- Switches
-- Relays
-- Daylight Sensors
-- Timers
-- Others
- Smart Furniture
-- Smart Tables
-- Smart Stools and Benches
-- Smart Sofas
-- Smart Chairs
-- Smart Desks
- Others (Smart Plugs, Smoke Detectors, Smart Meters)
Geographically, the Smart Home Market expands across the following:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Immerse Yourself in the Complete Report: Explore Extensive Research, Market Segmentation, and Competitive Landscape Analysis - https://www.marknteladvisors.com/research-library/global-smart-home-market.html
Unveiling the Competitive Landscape: Insights into Key Players in the Smart Home Market 2023-2028
The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Smart Home Market, ultimately seeking substantial revenue generation over the forecasted years.
- ABB Ltd.
- AMX
- Johnson Controls
- United Technologies Corporation
- Emerson Electronics Co.
- Honeywell
- Ingersoll-Rand PLC
- Legrand S.A.
- Lutron Electronics, Inc.
- Schneider Electric S.A.
- Siemen AG
- Tyco International Ltd.
- Robert Bosch GmbH
- Siemens
- Samsung
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
*For further information, kindly contact our sales team, and allow us to guide your purchase and customization queries.
Media Representative
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081 +91 120 4268433,
Address: 5214F Diamond Heights Blvd #3092,
San Francisco, CA 94131, United States
The report indicates that the Smart Home Market is anticipated to experience a CAGR of approximately 23.8% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.
Get Your Complimentary Sample Report Now! https://www.marknteladvisors.com/query/request-sample/global-smart-home-market.html
Market Dynamics
Key Driver: Rising Need for Energy Efficiency to Reduce Running Costs
With alarming levels of carbon emissions as a result of rising warming, energy efficiency is a crucial aspect of any country's development. As smart Home account for a considerable portion of the world's total energy consumption, the mounting consumer need for enhanced energy savings & minimized living costs is the prime aspect projected to drive the market during 2023-28. Additionally, the rising number of smart buildings owing to rapid urbanization, the increasing penetration of smartphones & the internet, growing adoption of intelligent technologies in Home, such as video doorbells, voice-assistants (Alexa and Google Home), & surveillance systems, among others, are also projected to fuel the market growth through 2028.
Recent Developments
- In January 2022, Samsung Electronics Co., Ltd. joined forces with Home Connectivity Alliance (HCA) in line with its aim to enhance the smart home experience through interoperability in home appliances, HVAC systems, & TVs. This partnership shall be aimed mainly at providing consumers with more options to customize their ecosystems while improving data privacy & device safety.
- In September 2021, Amazon.com, Inc. launched its long-awaited home robot, Astro. Equipped with cameras and a screen, it can autonomously drive around your home, map the home's layout, recognize objects, and check on loved ones & pets remotely.
- The same year in August, Schneider Electric partnered with Livspace, a well-renowned leader in home interiors & renovation, to create smarter houses for the future, involving the use of Schneider's superior home automation technology and Livspace’s interior design experience to revolutionize the home interiors market in India.
The Smart Home Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:
Based on Technology
- Cellular Network Technologies
- Protocols and Standards
- Wireless Communication Technologies
Based on Software & Service
- Behavioral
- Proactive
Based on Product Type
- Entertainment Controls
-- Audio, Volume and Multimedia Room Controls
-- Home Theater System Control
-- Touchscreen and Keypads
- Security & Access Control
-- Video Surveillance
Hardware
Software
Services
-- Access Control
Non-Biometric Access Control
Biometric Access Control
- HVAC Control
-- Smart Thermostats
-- Sensors
-- Actuators
-- Dampers
-- Control Valves
-- Heating and Cooling Coils
-- Pumps & Fans
-- Smart Vents
- Smart Home Appliances
-- Smart Washer
-- Smart Dryers
-- Smart Water Heaters
-- Smart Vacuum Cleaners
- Smart Kitchen
-- Smart Dishwashers
-- Smart Refrigerators
-- Smart Cookers
-- Smart Ovens
-- Smart Coffee Makers
-- Smart Kettles
- Smart Lighting Control
-- Dimmers
-- Switches
-- Relays
-- Daylight Sensors
-- Timers
-- Others
- Smart Furniture
-- Smart Tables
-- Smart Stools and Benches
-- Smart Sofas
-- Smart Chairs
-- Smart Desks
- Others (Smart Plugs, Smoke Detectors, Smart Meters)
Geographically, the Smart Home Market expands across the following:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Immerse Yourself in the Complete Report: Explore Extensive Research, Market Segmentation, and Competitive Landscape Analysis - https://www.marknteladvisors.com/research-library/global-smart-home-market.html
Unveiling the Competitive Landscape: Insights into Key Players in the Smart Home Market 2023-2028
The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Smart Home Market, ultimately seeking substantial revenue generation over the forecasted years.
- ABB Ltd.
- AMX
- Johnson Controls
- United Technologies Corporation
- Emerson Electronics Co.
- Honeywell
- Ingersoll-Rand PLC
- Legrand S.A.
- Lutron Electronics, Inc.
- Schneider Electric S.A.
- Siemen AG
- Tyco International Ltd.
- Robert Bosch GmbH
- Siemens
- Samsung
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
*For further information, kindly contact our sales team, and allow us to guide your purchase and customization queries.
Media Representative
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081 +91 120 4268433,
Address: 5214F Diamond Heights Blvd #3092,
San Francisco, CA 94131, United States
