European Smart Home Market

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

Report Code : SE 3326
Published ON : Apr, 2019

[209 Pages Report] 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 11.58%. The growth of the European smart home 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 smart home product portfolios; and growing concern about safety, security, and convenience among people.

European Smart Homes Market

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 European smart home 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 market for these products. The market for entertainment controls is driven by the increasing demand for audio and volume, and multimedia controls.

“Behavioral type software and services to hold largest market during forecast period”

The increasing connectivity between machine to machine and the Internet of Things are driving the growth of the 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 market in 2018.

European Smart Homes Market

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 European smart home 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 market in this country.

Key Market Players

The European smart home market is currently dominated by Johnson Controls International (Ireland), Siemens AG (Germany), Schneider Electric (France), United Technologies Corporation (US), and Honeywell International, Inc. (US). A few of the major strategies adopted by these players to compete in the European smart home market include product launches and development, partnerships, and mergers and acquisitions.

Other players operating in the smart home market are 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), among others. These players have adopted product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

Major Market 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 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 the European smart home 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 European smart home market and who will have the un-due advantage?
  • What is the current investment trends in the European smart home market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in European Smart Home Market
    4.2 European Smart Home Market, By Product
    4.3 European Smart Home Market, By Product and Country
    4.4 European Smart Home Market, By Country
    4.5 European Smart Home 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)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     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 Assa 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.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     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 (70 Tables)

Table 1 Energy-Saving Potential of Lighting Controls
Table 2 European Smart Home Market, By Product, 2016–2024 (USD Million)
Table 3 Lighting Control Market of European Smart Home for Relays, By Country, 2016–2024 (USD Million)
Table 4 Lighting Control Market of European Smart Home for Occupancy Sensors, By Country, 2016–2024 (USD Million)
Table 5 Lighting Control Market of European Smart Home for Daylight Sensors, By Country, 2016–2024 (USD Million)
Table 6 Lighting Control Market of European Smart Home for Timers, By Country, 2016–2024 (USD Million)
Table 7 Lighting Control Market of European Smart Home for Dimmers, By Country, 2016–2024 (USD Million)
Table 8 Lighting Control Market of European Smart Home for Switches, By Country, 2016–2024 (USD Million)
Table 9 Lighting Control Market of European Smart Home for Accessories and Other Products, By Country, 2016–2024 (USD Million)
Table 10 European Smart Home Market for Lighting Control, By Product, 2016–2024 (USD Million)
Table 11 European Smart Home Market for Lighting Control, By Country, 2016–2024 (USD Million)
Table 12 European Smart Home Market for Security and Access Control, By Product, 2016–2024 (USD Million)
Table 13 European Smart Home Market for Security and Access Control, By Country, 2016–2024 (USD Million)
Table 14 European Smart Home Market for Video Surveillance Systems, By Country, 2016–2024 (USD Million)
Table 15 European Smart Home Market for Access Control Systems, By Type, 2016–2024 (USD Million)
Table 16 European Smart Home Market for Access Control Systems, By Country, 2016–2024 (USD Million)
Table 17 European Smart Home Market for Biometric Access Control Systems, By Country, 2016–2024 (USD Million)
Table 18 European Smart Home Market for Non-Biometric Access Control Systems, By Country, 2016–2024 (USD Million)
Table 19 European Smart Home Market for HVAC Control, By Product, 2016–2024 (USD Million)
Table 20 European Smart Home Market for HVAC Control, By Country, 2016–2024 (USD Million)
Table 21 European Smart Home Market for Smart Thermostat in HVAC Control, By Country, 2016–2024 (USD Million)
Table 22 European Smart Home Market for Sensors in HVAC Control, By Country, 2016–2024 (USD Million)
Table 23 European Smart Home Market for Control Valves in HVAC Control, By Country, 2016–2024 (USD Million)
Table 24 European Smart Home Market for Heating and Cooling Coils in HVAC Control, By Country, 2016–2024 (USD Million)
Table 25 European Smart Home Market for Dampers in HVAC Control, By Country, 2016–2024 (USD Million)
Table 26 European Smart Home Market for Actuators in HVAC Control, By Country, 2016–2024 (USD Million)
Table 27 European Smart Home Market for Pumps and Fans in HVAC Control, By Country, 2016–2024 (USD Million)
Table 28 European Smart Home Market for Smart Vents in HVAC Control, By Country, 2016–2024 (USD Million)
Table 29 European Smart Home Market for Entertainment and Other Controls, By Product, 2016–2024 (USD Million)
Table 30 European Smart Home Market for Entertainment and Other Controls, By Country, 2016–2024 (USD Million)
Table 31 European Smart Home Market for Entertainment Control, By Product, 2016–2024 (USD Million)
Table 32 European Smart Home Market for Entertainment Control, By Country, 2016–2024 (USD Million)
Table 33 European Smart Home Market for Other Control, By Product, 2016–2024 (USD Million)
Table 34 European Smart Home Market for Other Control, By Country, 2016–2024 (USD Million)
Table 35 European Smart Home Market for Smart Meters, By Country, 2016–2024 (USD Million)
Table 36 European Smart Home Market for Smart Plugs, By Country, 2016–2024 (USD Million)
Table 37 European Smart Home Market for Smart Hubs, By Country, 2016–2024 (USD Million)
Table 38 European Smart Home Market for Smart Locks, By Country, 2016–2024 (USD Million)
Table 39 European Smart Home Market for Smoke Detectors, By Country, 2016–2024 (USD Million)
Table 40 European Smart Home Market for Smart Speaker, By Country, 2016–2024 (USD Million)
Table 41 European Smart Home Market for Home Healthcare, By Product, 2016–2024 (USD Million)
Table 42 European Smart Home Market for Home Healthcare, By Country, 2016–2024 (USD Million)
Table 43 European Smart Home Market for Health Status Monitors, By Country, 2016–2024 (USD Million)
Table 44 European Smart Home Market for Physical Activity Monitors, By Country, 2016–2024 (USD Million)
Table 45 European Smart Home Market for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 46 European Smart Home Market for Smart Kitchen, By Country, 2016–2024 (USD Million)
Table 47 European Smart Home Market for Smart Refrigerators, By Country, 2016–2024 (USD Million)
Table 48 European Smart Home Market for Smart Coffee Makers, By Country, 2016–2024 (USD Million)
Table 49 European Smart Home Market for Smart Kettles, By Country, 2016–2024 (USD Million)
Table 50 European Smart Home Market for Smart Dishwashers, By Country, 2016–2024 (USD Million)
Table 51 European Smart Home Market for Smart Ovens, By Country, 2016–2024 (USD Million)
Table 52 European Smart Home Market for Smart Cooktops, By Country, 2016–2024 (USD Million)
Table 53 European Smart Home Market for Smart Cookers, By Country, 2016–2024 (USD Million)
Table 54 European Smart Market for Home Appliances, By Product, 2016–2024 (USD Million)
Table 55 European Smart Home Market for Home Appliances, By Country, 2016–2024 (USD Million)
Table 56 European Smart Home Market for Smart Furniture, By Product, 2016–2024 (USD Million)
Table 57 European Smart Home Market for Smart Furniture, By Country, 2016–2024 (USD Million)
Table 58 Smart Table Market of Smart Furniture in European Smart Homes, By Country, 2016–2024 (USD Million)
Table 59 Smart Desks Market of Smart Furniture in European Smart Homes, By Country, 2016–2024 (USD Million)
Table 60 Smart Stools and Benches Market of Smart Furniture in European Smart Homes , By Country, 2016–2024 (USD Million)
Table 61 Smart Sofas Market of Smart Furniture in European Smart Homes , By Country, 2016–2024 (USD Million)
Table 62 Smart Chairs Market of Smart Furniture in European Smart Homes , By Country, 2016–2024 (USD Million)
Table 63 European Smart Home Market, By Country, 2016–2024 (USD Million)
Table 64 European Smart Home Market in Uk, By Product, 2016–2024 (USD Million)
Table 65 European Smart Home Market in Germany, By Product, 2016–2024 (USD Million)
Table 66 European Smart Home Market in France, By Product, 2016–2024 (USD Million)
Table 67 European Smart Home Market in Italy, By Product, 2016–2024 (USD Million)
Table 68 European Smart Home Market in RoE, By Product, 2016–2024 (USD Million)
Table 69 European Smart Home Market for Software and Services, By Type, 2016–2024 (USD Billion)
Table 70 Rating of Top 5 Players in European Smart Home Market, 2017


List of Figures (53 Figures)

Figure 1 European Smart Home 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 European Smart Home Market (USD Billion), 2016–2024
Figure 8 Entertainment and Other Control to Hold Largest Market During Forecast Period
Figure 9 Market Share of Major Countries in European Smart Home Market, 2018
Figure 10 Behavioral –Type Software and Services to Hold Larger Size of European Smart Home Market By 2024
Figure 11 European Smart Home Market to Grow at Significant CAGR During 2018–2024
Figure 12 Entertainment and Other Control Products to Hold Largest Share of European Smart Home Market By 2024
Figure 13 UK to Hold Largest Share of European Smart Home 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 European Smart Home 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 European Smart Home 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 Assa 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 European smart home 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.

European Smart Homes Market

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 European smart home 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 the European smart home 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

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2024

Base year

2017

Forecast period

2018–2024

Units

Value (USD Million/Billion)

Segments covered

Product, Software and Services, and  Country

Countries covered

UK, Germany, France, Italy, RoE

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
    • 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
  • 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
  • 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:

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe (Russia , the Netherlands, Denmark, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Switzerland, and Poland)

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?
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