The European smart homes market is estimated to grow from $1,544.3 million in 2010 to $3,267 million in 2015, at an estimated CAGR of 16.2% from 2010 to 2015. Rising demand for energy efficient systems, increasing number of venture capital funding, rising security issues and increasing aging population have increased the demand for smart homes in Europe.
Amongst all the smart homes applications, security market generated the highest revenue of $380.5 million in 2010 and is expected to reach $741.6 million in 2015, with a CAGR of 14.3% from 2010 to 2015. The entertainment and energy management market is expected to grow with a relatively high CAGR of 19.6% and 21.4% respectively from 2010 to 2015.
At present, Northern Europe dominates the European smart homes market; followed by Southern Europe, the second largest market for smart homes. These two, together, accounted for 55.5% of the total European smart homes revenues in 2010. Central Europe and Western Europe are the fastest growing regions and this trend is expected to continue in the forecasted period as well.
Some of the major players in the European smart home market are Schneider Electric SA (France), Legrand SNC (France), Crestron Electronics (U.S.), ENER-G PLC (U.K.) AMX (U.S.), Control4 (U.S.) and others.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trends in the European smart homes market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to Northern Europe, Eastern Europe, Western Europe, Southern Europe and Central Europe.
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