European Smart Home Market

Solutions and Implementation of Smart Home Automation

There are numerous factors that are driving the implementation of the smart home automation systems; some of which include the need to reduce energy consumption, standardization of interfaces, regulatory initiatives, and more. In Europe, it is observed that there have been numerous startup companies that have emerged to offer smart homes solutions; for instance, ClicHome (Italy), ComfortClick (Slovenia), Domótica Levante, SL (Spain), Loxone Electronics GmbH (Austria), and so on; that offer their own proprietary solution to the end user. All the major industry leaders are contributing extensively to research and development activities to get the first mover advantage in smart homes products and services.

Siemens AG (Germany) is dedicated to automation of homes in all aspects and has the presence in markets across major countries in Europe. The company provides full range of products and services for an intelligent smart home, from all across the business divisions it operates from. For instance, the information & communications division offers communications options; automation & control provides automation & drives products; medical division offers home healthcare; and likewise, in terms of the top market players, lighting is taken care of by OSRAM; appliances from BSH (Bosch & Siemens Appliances), and IT equipment from Fujitsu Computers. The company is involved in huge investments in research & development of smart home products. Recently, the Siemens Building Technologies division launched second-generation RDD/RDE room thermostats. The thermostats have a contemporary design and new touch controls that allow them to be operated without pressing any buttons. Also, the division introduced new passive infrared motion detectors that offer protection against intrusion. These devices employ the patented “Magic Mirror Technology” from Siemens, which sets new standards in detection sensitivity and enables an extremely compact design. Magic Mirror detectors are less susceptible to false alarms.

‘Siemens AG’ enjoys the highest share in the European smart homes market and is expected to continue to dominate the market in the long run because of its high technical expertise, wide range of smart homes product offerings, and presence of a strong distribution and network channels and subsidiaries. The company is a leading member of CABA (Continental Automated Buildings Association) and smart home associations. The company is poised to retain the title of being the ‘market leader’ in the coming years with its strong presence in the European region and is expected to grow at a faster rate in the smart homes industry.

Related Reports:

European Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 – 2020)
https://www.marketsandmarkets.com/Market-Reports/european-smart-homes-market-1290.html

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Report Code
SE 3326
RI Published ON
12/18/2013
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