European Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services - Forecast to 2024
The European smart home market is expected to grow from USD 22.8 billion in 2018 to USD 44.0 billion by 2024 at a CAGR of 11.6%. The growth of the market is driven by factors such as growing number of internet users and increasing adoption of smart devices in Europe; increasing awareness about fitness; increasing importance of home monitoring in remote locations; rising need for energy-saving and low carbon emission-oriented solutions; cost reduction measures enabled by smart homes; rapid proliferation of smartphones and smart gadgets; large number of manufacturers expanding their European smart home market product portfolios; and growing concern about safety, security, and convenience among people.
ATTRACTIVE OPPORTUNITIES IN THE EUROPEAN SMART HOME MARKET
Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
“Entertainment and other control to hold largest share of European smart home market during the forecast period”
Entertainment has become an important part of life as it provides relaxation and rejuvenation. The most important feature of entertainment control is the ability to integrate multi-room entertainment systems. The major controls used to control and regulate the entertainment systems in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies is a major factor boosting the growth of the market for home theater system controls, thereby driving the market for entertainment controls. The large market share of this segment can be attributed to the high penetration rate of products such as smart meters and smoke. The increasing cost of electricity is a major concern for household consumers. These increasing costs are driving households toward energy savings. Moreover, the increasing popularity of smart plugs, smart hubs, and smart locks is also fueling the growth of the European smart home market for these products. The market for entertainment controls is driven by the increasing demand for audio and volume, and multimedia controls.
The increasing connectivity between machine to machine and the Internet of Things are driving the growth of the European smart home and energy management markets, which has, in turn, influenced the growth of the market for software and services for smart homes in Europe. The behavioral type software and services help analyze energy-related data and forward it to the end users. This category is restricted to transmitting and receiving data and does not perform intelligent actions, unlike the proactive type. The behavioral type solutions provide direct feedback to the end users, thereby providing basic information regarding the real-time energy data, along with the historical data reflecting energy usage. As a result, behavioral type software and services held the largest European smart home market in 2018.
“Market in UK and Germany expected to hold significant share during the forecast period.”
UK held the largest share of the European smart home market in 2018, owing to the factors such as increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. The market in Germany expected to grow at the considerable rate during the forecast period. Factors such as the strong economic growth, rising demand for smart lighting solution in homes, and rapid urbanization leading to a sophisticated infrastructure are driving the growth of the European smart home market in this country.
Market Dynamics
Driver: Rising need for energy–saving and low carbon emission-oriented solutions
Energy saving is one of the factors that would propel the growth of the smart homes market in Europe during the forecast period. Lighting controllers have an edge over conventional lighting and switching systems. They can automatically switch off lights when not needed and help save power. Key advantage of dimming systems is that they adjust the intensity of light according to the requirements, which lead to a reduction in energy consumption, electricity cost, and emission of greenhouse gases. Devices such as smart meters reduce power consumption by up to 5%. On the other hand, governments across Europe are taking initiatives to curb emissions. Demand for smart home products is increasing and is likely to remain high in future as well owing to the growing concern related to excess energy consumption and high carbon emission in European smart home market
Restraint: Issues related to breach in security and privacy
A European smart home market helps in gathering information about its inhabitants regarding their energy usage and bills, purchases, movements, and music preferences, among others, to enable its systems to be custom-built to best support the inhabitants’ lifestyle. Devices in a smart home may be vulnerable to common hacking tools. As the data related to personal information, physical safety, medical care, and homes are stored virtually onto cloud, chances are high for them to be misused by hackers. A hacked monitor could provide access to other personal data and information, which, in turn, could be used to victimize a user or a homeowner. The smart home industry is confronted with the challenge of assuring security and confidentiality of personal information to consumers. In case of the remote control of security services, it is imperative to maintain the confidentiality of the information stored; the control of a network’s security systems cannot be compromised. This is expected to restrain the European smart home market growth.
Opportunity: Favorable government regulations
A green building refers to a structure using processes that are environmentally responsible and resource-efficient throughout a building's lifecycle, from siting to design, construction, operation, maintenance, renovation, and demolition. Several key steps involved in designing sustainable buildings include specifying green building materials from local sources, reducing loads, optimizing systems, and generating on-site renewable energy.
The design of any green building involves balance between homebuilding and sustainable environment. As it reduces the consumption of energy and proliferation of environmental wastes, governments around the globe have been supporting the concept of green buildings through various initiatives; for instance, Europe has been at the forefront of the green building technology, fully backed by various government subsidiaries. Implementing smart home technologies is likely to help in achieving the objective of green buildings as they are energy-efficient and in saving electricity, water, and natural gas, thereby reducing the strain on natural resources. Energy efficiency, to achieve reduced carbon emissions and energy consumption, has become one of the major priorities for many countries. The governments in the UK, Germany, and France have always been promoting green environment, which has resulted in a large number of smart homes in Europe. Over the past few years, the governments of European countries have also been taking initiatives to adopt energy-efficient measures across the region. Regulations stated by the governments in this region favor home automation systems. Awareness regarding the adverse effects of global warming further drives the use of automated home energy management systems. Hence, such government initiatives are expected to boost the penetration rate of smart home technologies during the forecast period in European smart home market.
Challenges: Retrofitting existing homes
There exist 3 ways of adopting smart homes, namely, retrofitting existing homes, converting other properties tailored to buyers’ requirements, and purpose-built homes. Mostly, the latter two are employed to deploy smart home technologies because new construction or major restoration provide the ability to optimize high cost of extensive cabling and intelligent control infrastructure with respect to the physical characteristics of a building. This leads to two consequences. Owing to high installation cost, many construction firms do not install smart home technologies in all domestic buildings; only luxury domestic buildings are installed with smart home technologies. Many new buildings that are being constructed are without the capability to even accommodate them. In addition, inconvenience caused in the routine life because of infrastructure work poses a challenge for large-scale retrofitting of existing homes. Consequently, in Spain, the Netherlands, and Poland, where the renewal rate of new buildings is low and a considerable number of existing homes without smart technologies are likely to last for the next 5–6 years, retrofitting existing homes appear to be a major way for the growth of the smart homes market in Europe. Moreover, homes are required to adapt to shifting preferences, needs, and demands of occupants, causing smart home technologies being implemented in step-by-step processes. In this context, retrofitting is not a one-off process, as fitting around existing structures in a home environment requires supporting the integration and addition of various appliances, devices and sensors over time, which might be difficult owing to their diverse design constraints and specifications
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
2016–2024 |
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Base year |
2017 |
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Forecast period |
2018–2024 |
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Units |
Value (USD Million/Billion) |
|
Segments covered |
Product (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture) Software and Services (Behavioral, Proactive), and Country |
|
Countries covered |
UK, Germany, France, Italy, Rest of Europe |
|
Companies covered |
Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany), Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), and Axis Communication AB (Sweden). |
This report categorizes the European smart home market based on product, software & solutions, and country.
By Product:
- Lighting Control
- Relays
- Occupancy Sensors
- Daylight Sensors
- Timers
- Dimmers
- Switches
- Lighting Control Accessories and Other Products
- Security and Access Control
- Video Surveillance Systems
- Hardware
- Cameras
- Storage Devices
- Monitors
- Server
- Accessories and Others
- Software/Video Analytics
- Hardware
- Access Control Systems
- Biometric Access Control
- Facial Recognition
- Iris Recognition
- Fingerprint Recognition
- Others (Include Vein recognition and voice and speech recognition )
- Non-biometric Access Control
- Biometric Access Control
- Video Surveillance Systems
- HVAC Control
- Smart Thermostats
- Sensors Used in HVAC Applications
- Control Valves
- Heating and Cooling Coils
- Dampers
- Actuators
- Pumps & Fans
- Smart Vents
- Entertainment and Other Control
- Entertainment Control Products
- Audio, Volume, & Multimedia Controls
- Home Theater System Controls
- Touchscreens and Keypads
- Other controls
- Smart Meters
- Smart Plugs
- Smart Hubs
- Smart Locks
- Smoke Detectors
- Entertainment Control Products
- Home Healthcare
- Health Status Monitors
- Physical Activity Monitors
- Smart Kitchen
- Smart Coffee Makers
- Smart Kettles
- Smart Dish Washers
- Smart Ovens
- Smart Cooktops
- Smart Cookers
- Home Appliances
- Smart Refrigerators
- Smart Washers
- Smart Water Heaters
- Smart Vacuum Cleaners
- Smart Furniture
- Smart Tables
- Smart Desks
- Smart Stools & Benches
- Smart Sofas
- Smart Chairs
By Software and Services:
- Proactive
- Behavioral
By Country:
- UK
- Germany
- France
- Italy
- Rest of Europe (Russia , the Netherlands, Denmark, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Switzerland, and Poland)
Key Market Players
Key players in the European smart home market are Johnson Controls International (Ireland), Siemens AG (Germany), Schneider Electric (France), United Technologies Corporation (US), and Honeywell International, Inc. (US), Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Axis Communication AB (Sweden), Crestron Electronics (US), Hitachi (Japan), Delta Controls (Canada), Lennox International (US), Nest Secure (US), among others. These players have adopted product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in market.
Johnson Controls International (Ireland) holds a strong position in the smart home industry. Johnson Controls International PLC is one of the leading players in market. The wide portfolio offered by the company includes the products ranging from HVAC systems to video surveillance systems. The company generated ~48% of its total revenue from the US in 2017, which indicates its stronghold in the country. It also aims to strengthen its position in other regions through strategic partnerships and collaborations. Also, the company is going through a multiyear portfolio transformation. For instance, in January 2016, Johnson Controls Inc. announced its merger with Tyco International (Ireland) and found the company based in Cork, Ireland. The company started focusing on the home security system segment after the merger with Tyco. With leading innovations in devices, controls, sensors, data analytics, and advanced solutions, the company focuses on opportunities in the European smart home market building industry. Its leadership in technical services for security and energy management compliments the organic growth strategies implemented by Tyco to grow in the market for home security solutions.
Recent Developments
- In October 2018, Johnson Controls International (Ireland) acquired Lux Products Corporation (US), a leading provider of residential thermostats and smart products. LUX markets several successful residential and commercial product lines ranging from timers to smart home thermostats, including Kono and Geo.
- In July 2018, Siemens AG (Germany) company added new functionalities to the Synco IC cloud platform for remote heating, ventilation, and air conditioning (HVAC) control. Therefore, Synco IC now includes remote meter reading for energy billing, remote monitoring of energy key performance indicators (KPIs), and remote intervention to reduce energy consumption.
- In February 2018, Honeywell made its Xtralis VCA suite of security software available for licensing by third parties willing to improve the analytics capabilities of their security offerings. With this, the company expanded connected building solutions by offering edge video analytics software to security OEMs.
- In May 2018, Siemens started the process of acquisition of J2 Innovations (US), a leading software framework provider for building automation and IoT. J2 Innovations has been a successful player in the IoT software business for 10 years, and has built a strong reputation in the US as well as international markets with its FIN (i.e., Fluid Integration) Framework technology.
- In January 2017, Honeywell International, Inc. (US), launched Lyric Cameras and an eventual software upgrade for Lyric Security systems, which makes the system compatible with Apple’s HomeKit. Honeywell’s Wi-Fi indoor cameras named Lyric C1 and C2 are paired with the Lyric app to access live streaming, recorded events, and send alerts regarding inactivity of smoke/CO detectors. These added features will help the product gain traction in market in the future.
Key questions addressed by the report
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming industrial trends for European smart home market?
- What are the opportunities for the various players present now and planning to enter at various stages of the value chain?
- How the inorganic growth strategies implemented by the key players will impact the growth rate of the market and who will have the un-due advantage?
- What is the current investment trends in market?
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Company Information
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Table Of Contents
1 Introduction (Page No. - 19)
1.1 Study Objectives
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Products Covered Under Each Major Category
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Factor Analysis
2.1.1 Demand-Side Analysis
2.1.1.1 Growing Demand From Real Estate Industry in Europe
2.1.1.2 Increasing Number of Smart Homes in Europe
2.1.2 Supply-Side Analysis
2.1.2.1 Mature Access Technologies and Simple Interfaces Drive The Overall Market
2.1.2.2 Prices of Smart Home Solutions Expected to Reduce Due to High Growth in Wireless Technologies & Iot
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.4.1 Key Data From Secondary Sources
2.4.2 Key Data From Primary Sources
2.4.2.1 Breakdown of Primaries
2.4.2.2 Key Industry Insights
2.5 as sumptions
3 Executive Summary (Page No. - 35)
4 Premium Insights (Page No. - 40)
4.1 Attractive Opportunities in European Smart Home Market
4.2 Market, By Product
4.3 Market, By Product and Country
4.4 Market, By Country
4.5 Market for Software and Services, By Type
5 Market Overview (Page No. - 43)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for Energy Saving and Low-Carbon Emission-Oriented Solutions
5.2.1.2 Rapid Proliferation of Smartphones and Smart Gadgets
5.2.1.3 Large Number of Manufacturers Expanding Their Smart Home Product Portfolios
5.2.1.4 Increasing Importance of Home Monitoring in Remote Locations
5.2.1.5 Growing Concern About Safety, Security, and Convenience Among People
5.2.2 Restraints
5.2.2.1 High Initial Cost
5.2.2.2 More Convenience-Driven Market Rather Than Being Necessity-Driven Market
5.2.2.3 High Cost of Switching for Existing Smart Device Consumers
5.2.2.4 Issues Related to Breach in Security and Privacy
5.2.3 Opportunities
5.2.3.1 Favorable Government Regulations
5.2.3.2 Expected Incorporation of Lighting Controllers With In-Built Data-Connectivity Technology
5.2.4 Challenges
5.2.4.1 Retrofitting Existing Homes
5.2.4.2 Linking Disparate Systems, Limited Functionality, and Lack of Open Standards
6 Protocols and Technologies Used in Smart Homes (Page No. - 50)
6.1 Introduction
6.2 Cellular Network Technologies
6.2.1 Cdma Networks
6.2.2 Gsm/Hspa Networks
6.2.3 Lte Networks
6.3 Protocols and Standards
6.3.1 Dali
6.3.2 Nema
6.3.3 Knx
6.3.4 Dmx
6.3.5 Lonworks
6.3.6 Ethernet
6.3.7 Modbus
6.3.8 Bacnet
6.3.9 Black Box
6.3.10 Plc
6.4 Wireless Communication Technologies
6.4.1 Zigbee
6.4.2 Z-Wave
6.4.3 Wi-Fi
6.4.4 Bluetooth
6.4.5 Enocean
6.4.6 Thread
6.4.7 Infrared
7 European Smart Home Market, By Product (Page No. - 58)
7.1 Introduction
7.2 Lighting Control
7.2.1 Market Dynamics
7.2.1.1 Drivers
7.2.1.1.1 Demand for Energy-Efficient Lighting Solutions
7.2.1.1.2 Reduction in Cost By Conserving Energy, Thereby Increasing The Shelf Life of Lamps
7.2.1.2 Restraints
7.2.1.2.1 Compatibility Issues Pose Hurdles in Path of Lighting Controls
7.2.1.2.2 Lack of Awareness About Benefits of Lighting Controls
7.2.1.3 Opportunities
7.2.1.3.1 Consumer Perception Undergoing Paradigm Shift
7.2.1.3.2 Mood Lighting Providing an Opportunity in Lighting Controls
7.2.2 Products Considered Under Lighting Control
7.2.2.1 Relays
7.2.2.2 Occupancy Sensors
7.2.2.3 Daylight Sensors
7.2.2.4 Timers
7.2.2.5 Dimmers
7.2.2.6 Switches
7.2.2.7 Accessories and Other Products
7.3 Security and Access Control
7.3.1 Market Dynamics
7.3.1.1 Drivers
7.3.1.1.1 Multi-Level/Multifactor Authentication to Enhance Authentication Processes
7.3.1.2 Restraints
7.3.1.2.1 Privacy Issues
7.3.1.3 Opportunities
7.3.1.3.1 Significant Prospects of Biometrics Technologies in The Security Market
7.3.2 Products Covered Under Security and Access Control
7.3.2.1 Video Surveillance
7.3.2.1.1 Hardware
7.3.2.1.1.1 Security Cameras
7.3.2.1.1.2 Storage Devices
7.3.2.1.1.3 Monitors
7.3.2.1.1.4 Server
7.3.2.1.1.5 Accessories
7.3.2.1.2 Software
7.3.2.1.2.1 Video Analytics Software
7.3.2.1.2.2 Video Management System (Vms)
7.3.2.1.2.3 Neural Networks and Algorithms
7.3.2.2 Access Control
7.3.2.2.1 Biometric
7.3.2.2.1.1 Facial Recognition
7.3.2.2.1.2 Iris Recognition
7.3.2.2.1.3 Fingerprint Recognition
7.3.2.2.1.4 Others
7.3.2.2.2 Non-Biometric
7.4 Hvac Control
7.4.1 Market Dynamics
7.4.1.1 Drivers
7.4.1.1.1 Flexibility and Ease of Accessing Hvac Systems
7.4.1.1.2 Reducing Long-Term Energy Cost Through Enhanced Hardware, Integrated Control Systems, and Management Services
7.4.1.2 Restraints
7.4.1.2.1 Lack of Interoperability and Standardization Act as Major Restraints for Hvac Systems
7.4.1.2.2 Lack of Awareness About Benefits of Hvac Systems
7.4.1.3 Opportunities
7.4.1.3.1 Innovation in Development of Sensors and Controls
7.4.2 Products Covered Under Hvac Control
7.4.2.1 Smart Thermostats
7.4.2.2 Sensors
7.4.2.3 Control Valves
7.4.2.4 Heating and Cooling Coils
7.4.2.5 Dampers
7.4.2.6 Actuators
7.4.2.7 Pumps and Fans
7.4.2.8 Smart Vents
7.5 Entertainment Control and Other Controls
7.5.1 Market Dynamics
7.5.1.1 Drivers
7.5.1.1.1 Changing Lifestyle
7.5.1.1.2 Enhanced Comfort
7.5.1.2 Restraints
7.5.1.2.1 High Cost of Entertainment Control Systems
7.5.1.3 Opportunities
7.5.1.3.1 3d Gesture-Based Remote Control to Be The Next Big Thing in Entertainment Controls
7.5.2 Products Covered Under Entertainment Control
7.5.2.1 Audio, Volume, and Multimedia Room Controls
7.5.2.2 Home Theater System Controls
7.5.2.3 Touchscreens and Keypads
7.5.3 Products Covered Under Other Control
7.5.3.1 Smart Meters
7.5.3.2 Smart Plugs
7.5.3.3 Smart Hubs
7.5.3.4 Smart Locks
7.5.3.5 Smoke Detectors
7.6 Smart Speaker
7.6.1 Market Dynamics
7.6.1.1 Drivers
7.6.1.1.1 Increasing Number of Smart Homes in Europe
7.6.1.1.2 Rapid Proliferation of Multifunctional Devices
7.6.1.1.3 Growing Trend of Personalization
7.6.1.2 Restraints
7.6.1.2.1 Issues Related to Connectivity Range, Compatibility, and Power
7.6.1.3 Opportunities
7.6.1.3.1 Increasing Consumer Preference for Technologically Advanced Products
7.6.1.3.2 Increasing Focus of Companies on Enhancing Customer Experience
7.7 Home Healthcare
7.7.1 Market Dynamics
7.7.1.1 Drivers
7.7.1.1.1 Changing Demographics to Positively Affect Home Health Systems
7.7.1.2 Opportunities
7.7.1.2.1 Emerging Market for Smart Wearables to Drive Home Healthcare
7.7.2 Products Covered Under Home Healthcare
7.7.2.1 Health Status Monitors
7.7.2.2 Physical Activity Monitors
7.8 Smart Kitchen
7.8.1 Market Dynamics
7.8.1.1 Drivers
7.8.1.1.1 Changing Lifestyles and Preferences of Consumers
7.8.1.2 Restraints
7.8.1.2.1 High Prices of Smart Kitchen Appliances
7.8.2 Products Covered Under Smart Kitchen
7.8.2.1 Smart Refrigerators
7.8.2.2 Smart Coffee Makers
7.8.2.3 Smart Kettles
7.8.2.4 Smart Dishwashers
7.8.2.5 Smart Ovens
7.8.2.6 Smart Cooktops
7.8.2.7 Smart Cookers
7.9 Home Appliances
7.9.1 Market Dynamics
7.9.1.1 Drivers
7.9.1.1.1 Availability of Wireless Solutions
7.9.1.1.2 Rising Cost of Energy Would Increase Adoption of Smart Appliances
7.9.1.2 Restraints
7.9.1.2.1 Privacy Concerns
7.9.1.2.2 Lack of Awareness About Smart Appliances
7.9.1.3 Opportunities
7.9.1.3.1 Machine-To-Machine (M2m) Communication to Provide New Growth Opportunities
7.9.2 Products Covered Under Home Appliances
7.9.2.1 Smart Washers
7.9.2.2 Smart Dryers
7.9.2.3 Smart Water Heaters
7.9.2.4 Smart Vacuum Cleaners
7.1 Smart Furniture
7.10.1 Market Dynamics
7.10.1.1 Drivers
7.10.1.1.1 Advancing Lifestyle
7.10.1.2 Restraints
7.10.1.2.1 Reluctance Toward Adopting New Technology
7.10.1.2.2 High Price Over Traditional Furniture
7.10.2 Products Covered Under Smart Furniture
7.10.2.1 Smart Tables
7.10.2.2 Smart Desks
7.10.2.3 Smart Stools and Benches
7.10.2.4 Smart Sofas
7.10.2.5 Smart Chairs
8 Country Analysis (Page No. - 120)
8.1 Introduction
8.2 Uk
8.2.1 Uk to Lead The Smart Home Market in Europe
8.2.2 Demand for Energy-Saving and Long-Lasting Lighting Systems
8.3 Germany
8.3.1 Rising Demand for Smart Lighting Solution in Homes Driving The Market
8.3.2 Increasing Penetration of Led Lights and Luminaires
8.4 France
8.4.1 Security and Access Control to Pose Lucrative Market for Smart Home During Forecast Period
8.4.2 Increasing Awareness of Energy Conservation
8.5 Italy
8.5.1 High Demand of Smart Lighting in Smart Homes
8.6 Rest of Europe (Roe)
8.6.1 Rest of Europe to Pose Highest Growth During The Forecast Period
9 European Smart Home Market for Software & Services (Page No. - 128)
9.1 Introduction
9.2 Behavioral Type Software and Services
9.2.1 Behavioral –Type Software and Services to Hold The Largest Market During The Forecast Period
9.3 Proactive Type Software and Services
9.3.1 Proactive–Type Software and Services to Grow at Highest Cagr During Forecast Period
10 Competitive Landscape (Page No. - 132)
10.1 Overview
10.2 Key Players in European Smart Home Market
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio
10.5 Business Strategy Excellence
11 Company Profiles (Page No. - 139)
11.1 Key Players
11.1.1 Honeywell International
11.1.2 Siemens Ag
11.1.3 Johnson Controls International
11.1.4 Schneider Electric Se
11.1.5 United Technologies Corporation
11.1.6 Amazon Inc.
11.1.7 Apple Inc.
11.1.8 Google
11.1.9 Adt
11.1.10 Robert Bosch Gmbh
11.1.11 as sa Abloy
11.1.12 Legrand Sa
11.1.13 Abb Ltd.
11.1.14 Ingersoll-Rand Plc
11.1.15 Comcast Corporation
11.1.16 Hubbell Inc.
11.2 Other Key Companies
11.2.1 General Electric
11.2.2 Lg Electronics
11.2.3 Samsung Electronics
11.2.4 Sony
11.2.5 Lutron Electronics Co.
11.2.6 Axis Communications Ab
11.2.7 Crestron Electronics, Inc.
11.2.8 Hitachi, Ltd.
11.2.9 Delta Controls
11.2.10 Control4
11.2.11 Lennox International
11.2.12 Nest Secure
11.2.13 Canary
11.2.14 Cacoon
12 Appendix (Page No. - 201)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (100 Tables)
Table 1 Energy-Saving Potential of Lighting Controls
Table 2 European Smart Home Market, By Product, 2016–2025 (Usd Million)
Table 3 Lighting Control Market of European Smart Home for Relays, By Country, 2016–2025 (Usd Million)
Table 4 Lighting Control Market of European Smart Home for Occupancy Sensors, By Country, 2016–2025 (Usd Million)
Table 5 Lighting Control Market of European Smart Home for Daylight Sensors, By Country, 2016–2025 (Usd Million)
Table 6 Lighting Control Market of European Smart Home for Timers, By Country, 2016–2025 (Usd Million)
Table 7 Lighting Control Market of European Smart Home for Dimmers, By Country, 2016–2025 (Usd Million)
Table 8 Lighting Control Market of European Smart Home for Switches, By Country, 2016–2025 (Usd Million)
Table 9 Lighting Control Market of European Smart Home for Accessories and Other Products, By Country, 2016–2025 (Usd Million)
Table 10 Market for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 11 Market for Lighting Control, By Country, 2016–2025 (Usd Million)
Table 12 Market for Security and Access Control, By Product, 2016–2025 (Usd Million)
Table 13 Market for Security and Access Control, By Country, 2016–2025 (Usd Million)
Table 14 Market for Video Surveillance Systems, By Country, 2016–2025 (Usd Million)
Table 15 Market for Access Control Systems, By Type, 2016–2025 (Usd Million)
Table 16 Market for Access Control Systems, By Country, 2016–2025 (Usd Million)
Table 17 Market for Biometric Access Control Systems, By Country, 2016–2025 (Usd Million)
Table 18 Market for Non-Biometric Access Control Systems, By Country, 2016–2025 (Usd Million)
Table 19 Market for Hvac Control, By Product, 2016–2025 (Usd Million)
Table 20 European Smart Home Market for Hvac Control, By Country, 2016–2025 (Usd Million)
Table 21 Market for Smart Thermostat in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 22 Market for Sensors in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 23 Market for Control Valves in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 24 Market for Heating and Cooling Coils in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 25 Market for Dampers in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 26 Market for Actuators in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 27 Market for Pumps and Fans in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 28 Market for Smart Vents in Hvac Control, By Country, 2016–2025 (Usd Million)
Table 29 Market for Entertainment and Other Controls, By Product, 2016–2025 (Usd Million)
Table 30 Market for Entertainment and Other Controls, By Country, 2016–2025 (Usd Million)
Table 31 Market for Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 32 Market for Entertainment Control, By Country, 2016–2025 (Usd Million)
Table 33 Market for Other Control, By Product, 2016–2025 (Usd Million)
Table 34 Market for Other Control, By Country, 2016–2025 (Usd Million)
Table 35 Market for Smart Meters, By Country, 2016–2025 (Usd Million)
Table 36 Market for Smart Plugs, By Country, 2016–2025 (Usd Million)
Table 37 Market for Smart Hubs, By Country, 2016–2025 (Usd Million)
Table 38 Market for Smart Locks, By Country, 2016–2025 (Usd Million)
Table 39 Market for Smoke Detectors, By Country, 2016–2025 (Usd Million)
Table 40 European Smart Home Market for Smart Speaker, By Country, 2016–2025 (Usd Million)
Table 41 Market for Home Healthcare, By Product, 2016–2025 (Usd Million)
Table 42 Market for Home Healthcare, By Country, 2016–2025 (Usd Million)
Table 43 Market for Health Status Monitors, By Country, 2016–2025 (Usd Million)
Table 44 Market for Physical Activity Monitors, By Country, 2016–2025 (Usd Million)
Table 45 Market for Smart Kitchen, By Product, 2016–2025 (Usd Million)
Table 46 Market for Smart Kitchen, By Country, 2016–2025 (Usd Million)
Table 47 Market for Smart Refrigerators, By Country, 2016–2025 (Usd Million)
Table 48 Market for Smart Coffee Makers, By Country, 2016–2025 (Usd Million)
Table 49 Market for Smart Kettles, By Country, 2016–2025 (Usd Million)
Table 50 Market for Smart Dishwashers, By Country, 2016–2025 (Usd Million)
Table 51 Market for Smart Ovens, By Country, 2016–2025 (Usd Million)
Table 52 Market for Smart Cooktops, By Country, 2016–2025 (Usd Million)
Table 53 Market for Smart Cookers, By Country, 2016–2025 (Usd Million)
Table 54 Market for Home Appliances, By Product, 2016–2025 (Usd Million)
Table 55 Market for Home Appliances, By Country, 2016–2025 (Usd Million)
Table 56 Market for Smart Furniture, By Product, 2016–2025 (Usd Million)
Table 57 Market for Smart Furniture, By Country, 2016–2025 (Usd Million)
Table 58 Smart Table Market of Smart Furniture in European Smart Homes, By Country, 2016–2025 (Usd Million)
Table 59 Smart Desks Market of Smart Furniture in European Smart Homes, By Country, 2016–2025 (Usd Million)
Table 60 Smart Stools and Benches Market of Smart Furniture in European Smart Homes , By Country, 2016–2025 (Usd Million)
Table 61 Smart Sofas Market of Smart Furniture in European Smart Homes , By Country, 2016–2025 (Usd Million)
Table 62 Smart Chairs Market of Smart Furniture in European Smart Homes , By Country, 2016–2025 (Usd Million)
Table 63 European Smart Home Industry, By Country, 2016–2025 (Usd Million)
Table 64 Market in Uk, By Product, 2016–2025 (Usd Million)
Table 65 Market in Uk for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 66 Market in Germany for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 67 Market in France for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 68 Market in Italy for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 69 Market in Rest of Europe for Lighting Control, By Product, 2016–2025 (Usd Million)
Table 70 Market in Uk for Security and Access Control, By Type, 2016–2025 (Usd Million)
Table 71 Market in Germany for Security and Access Control, By Type, 2016–2025 (Usd Million)
Table 72 Market in France for For Security and Access Control, By Type, 2016–2025 (Usd Million)
Table 73 Market in Italy for Security and Access Control, By Type, 2016–2025 (Usd Million)
Table 74 Market in Rest of Europe for Security and Access Control, By Type, 2016–2025 (Usd Million)
Table 75 Market in Uk for Access Control, By Type, 2016–2025 (Usd Million)
Table 76 Market in Germany for Access Control, By Type, 2016–2025 (Usd Million)
Table 77 Market in France for For Access Control, By Type, 2016–2025 (Usd Million)
Table 78 Market in Italy for Access Control, By Type, 2016–2025 (Usd Million)
Table 79 Market in Rest of Europe for Access Control, By Type, 2016–2025 (Usd Million)
Table 80 European Smart Home Market in Uk for Hvac Control, By Product, 2016–2025 (Usd Million)
Table 81 Market in Germany for Hvac Control, By Product, 2016–2025 (Usd Million)
Table 82 Market in France for For Hvac Control, By Product, 2016–2025 (Usd Million)
Table 83 Market in Italy for Hvac Control, By Product, 2016–2025 (Usd Million)
Table 84 Market in Rest of Europe for Hvac Control, By Product, 2016–2025 (Usd Million)
Table 85 Market in Uk for Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 86 Market in Germany for Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 87 Market in France for For Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 88 Market in Italy for Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 89 Market in Rest of Europe for Entertainment Control, By Product, 2016–2025 (Usd Million)
Table 90 Market in Uk for Other Control, By Product, 2016–2025 (Usd Million)
Table 91 Market in Germany for Other Control, By Product, 2016–2025 (Usd Million)
Table 92 Market in France for For Other Control, By Product, 2016–2025 (Usd Million)
Table 93 Market in Italy for Other Control, By Product, 2016–2025 (Usd Million)
Table 94 European Smart Home Market in Rest of Europe for Other Control, By Product, 2016–2025 (Usd Million)
Table 95 Market in Germany, By Product, 2016–2025 (Usd Million)
Table 96 Market in France, By Product, 2016–2025 (Usd Million)
Table 97 Market in Italy, By Product, 2016–2025 (Usd Million)
Table 98 Market in Roe, By Product, 2016–2025 (Usd Million)
Table 99 Market for Software and Services, By Type, 2016–2025 (Usd Billion)
Table 100 Rating of Top 5 Players in European Smart Home Market, 2017
List of Figures (53 Figures)
Figure 1 Market: Research Design
Figure 2 Drastic Growth in Number of Smart Homes in Europe From 2016 to 2019
Figure 3 Growth in Wireless Technologies Expected to Impact Supply Side
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 European Smart Home Market: Data Triangulation Model
Figure 7 Snapshot of Market (Usd Billion), 2016–2025
Figure 8 Entertainment and Other Control to Hold Largest Market During Forecast Period
Figure 9 Market Share of Major Countries in Market, 2018
Figure 10 Behavioral –Type Software and Services to Hold Larger Size of Market By 2024
Figure 11 Market to Grow at Significant Cagr During 2018–2024
Figure 12 Entertainment and Other Control Products to Hold Largest Share of Market By 2024
Figure 13 Uk to Hold Largest Share of Market By 2018
Figure 14 European Smart Home Market in Germany to Lead During Forecast Period
Figure 15 Proactive–Type Software and Services Market to Grow The Highest During Forecast Period
Figure 16 Rising Need for Energy–Saving Along With Growing Security Concerns to Drive The Market During The Forecast Period
Figure 17 Smart Home Protocols and Technologies
Figure 18 Gsm/Hspa Network Set-Up
Figure 19 Wiring for Dali Fluorescent Dimming
Figure 20 Lonworks Network Set-Up
Figure 21 Wireless Communication Technologies
Figure 22 European Smart Home Market, By Product
Figure 23 Lighting Control Products
Figure 24 Security and Access Control Products
Figure 25 Hvac Control Products and Components
Figure 26 Entertainment Control Products
Figure 27 Other Control Products
Figure 28 Conceptual Framework on Consumer Acceptance of New Technologies
Figure 29 Timeline of Smart Speakers Offered By Key Players
Figure 30 Home Healthcare Products
Figure 31 Smart Kitchen Products
Figure 32 Home Appliances Products
Figure 33 Smart Furniture Products
Figure 34 European Smart Home Market Snapshot
Figure 35 Market for Software and Services, By Types
Figure 36 Key Players Adopted Inorganic Growth Strategies During 2016–2018
Figure 37 Competitive Leadership Mapping, European Smart Home Market
Figure 38 Honeywell International: Company Snapshot
Figure 39 Siemens Ag: Company Snapshot
Figure 40 Johnson Controls International: Company Snapshot
Figure 41 Schneider Electric Se: Company Snapshot
Figure 42 United Technologies Corporation: Company Snapshot
Figure 43 Amazon Inc.: Company Snapshot
Figure 44 Apple Inc.: Company Snapshot
Figure 45 Google: Company Snapshot
Figure 46 Adt: Company Snapshot
Figure 47 Robert Bosch Gmbh: Company Snapshot
Figure 48 as sa Abloy: Company Snapshot
Figure 49 Legrand Sa: Company Snapshot
Figure 50 Abb Ltd.: Company Snapshot
Figure 51 Ingersoll-Rand Plc: Company Snapshot
Figure 52 Comcast Corporation: Company Snapshot
Figure 53 Hubbell Inc.: Company Snapshot
The study involved 4 major activities in estimating the current size of the European smart home market. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the European smart home market begins with capturing data on revenues of the key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the market. The vendor offerings have also been taken into consideration to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.
Primary Research
The European smart home market comprises several stakeholders, such as suppliers, suppliers of standard components, original equipment manufacturers (OEMs), software provider, solutions providers, and system integrators in the supply chain. The supply side is characterized by advancements in types of products and devices used in smart homes and their diverse applications. Various primary sources from supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the European smart home market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major applications and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides in the areas of lighting control, security and access control, HVAC control, entertainment and other control, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture
Research Objective
- To define, describe, and forecast the European smart home market, in terms of value, on the basis of product, and country
- To define, describe, and forecast the market, in terms of value, for software and services necessary for establishing and ensuring the efficient working of smart home systems
- To define and describe the technologies and protocols used in smart homes
- To forecast the market, in terms of value, for various segments with respect to 5 main countries— UK, Germany, France, Italy, and Rest of the Europe (RoE)
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the market
- To identify drivers, restraints, opportunities, and challenges as the major factors impacting the growth of the market and submarkets
- To provide key trends in the European smart home market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart home ecosystem
- To strategically profile key players in market and comprehensively analyze their market shares and core competencies in each segment
- To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the European smart home market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Critical Questions
- What are new application areas which the smart home products/solutions providers are exploring?
- Which are the key players in the market and how intense is the competition?
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the European Smart Home Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in European Smart Home Market
We are working on a feasibility study for the technological viability and commercial success of our energy management system for Bulgaria and Eastern Europe.
Interested in having a thorough analysis of the European Smart Home market, as part of our strategic decision to expand our smart home product offering further to other countries.
I would like to know what are the 5 most important smart home features and qualities the customers are ready to pay in Eastern Europe.
I would like to buy the smart home report but would need to receive an invoice for payment in the UK or any other European country. Is that possible?
We are a top technology leading producer for smart homes . How can we push our information in to your survey?