Europe Smart Homes Technology Market: Insights and Forecast, 2018-2024

Europe Smart Homes Technology Market: Insights and Forecast, 2018-2024

Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users) and Country

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Published: Feb-2019

Pages:218

Table:48

Figure:165

Report ID:UMAI19137

Europe Smart Home Market stood at US$ 7,828.7 million in 2017 and is expected to grow at a CAGR of XX.0% during the forecasted period 2018-2024. Smart home industry in Europe despite being at niche level portrays as the second prominent region in smart home landscape. The smart home industry in the region has witnessed its wide adoption in the past few years, especially in the countries such as Germany, UK, the Netherlands and France. Rapid digitization, high penetration of smartphones, growing need for energy consumption & emission, and rising concern for security & safety constitute as some of the major parameters catalysing the growth of European smart home market. Moreover, swelling aging population has also created ample room for smart revolution in healthcare sector thereby driving the Europe smart home market. However, the absence of education and knowledge among the consumers about smart devices, consumer’s concern regarding data security, complex installation paired with the high price of smart home appliances are some of the factors which are acting as some of the complex challenges that are hampering the growth of the smart home sector in Europe.

In spite of such challenges, the potential growth for telecom operators, insurance providers and the surge in ageing population at considerable rate are anticipated to attract global players to invest and come up with technologically advanced home appliances products in the respective regions. For instance, increasing investments and development of European companies along with presence of local players such as Hive, Tado and Netatmo offering smart home products, well suited as per consumer specifications, are further anticipated to propel the market. Undoubtedly, launch of Amazon Echo and Google Home have sparked a wave of adoption of smart devices in Europe as well. New technologies such as voice control and Artificial intelligence not only purpose to offer more convenience to its end users but have resulted in rising the consumer awareness to some extent.

“The Penetration of Security & Safety Application is estimated to dominate the market.”

Europe smart home industry can be segmented across different areas of application encompassing safety and security, lighting, HVAC, entertainment, smart appliances and energy management among others. At present, the penetration of security & safety application is estimated to dominate the market by occupying 24.2% market share in 2017 credited to rising demand for connected security devices

“Wireless technology is expected to grow at a higher CAGR during the analysed period.”

Based on technologies, the market is segmented into wired and wireless segments. The wireless technology dominates the market and is expected to maintain its dominance by 2024. However, wireless technology is expected to grow at a higher CAGR during the analysed period. The respective segment is classified into Wi-Fi, Bluetooth, ZigBee and Z-wave technologies wherein Wi-Fi smart home technology market was accounted at US$ 3,516.7 million in 2017

“Amongst end-users, residential end users occupied the lead share in regional smart home market.”

Residential and commercial sector are the major end-users of smart home devices. Residential segment being the largest adopter, followed by commercial segment. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments and houses are likely to rule the residential smart home market by 2024, followed by luxury villas and apartments. In addition, hospitals under commercial smart home segment conquered the market by occupying the highest share of 65% in 2017 and hotel segment would display the maximum CAGR of 29.8% over the forecast period.

“Germany holds the largest share in the technological market due to the presence of numerous giants in Smart Home domain.”

For a deep dive analysis of the industry, the study also includes country-level analysis including major markets in the specified region such as Germany, the UK, Netherlands, France, Norway, Switzerland, Denmark and the rest of Europe region. Germany holds the largest share in the technological market due to the presence of numerous giants such as Amazon Alexa along with the emergence of various start-ups in smart home domain. Increasing demand for smart devices and prevalence of business opportunities for Swedish smart grid companies in Germany, target to reduce energy consumption is driving the market. Further, high penetration of smartphone & internet have helped Germany to dominate the smart home market in the current scenario in Europe. Europe is expected to witness the highest growth during the analysed period owing to rising preference for energy, cost savings, security and convenience coupled with insurance companies tying insurance with smart home service.

Competitive Landscape-Top 12 Market Players


Some of the major players operating in the Europe smart home market include ABB Limited, ASSA ABLOY, Cisco Systems, Inc., Deutsche Telekom AG, Emerson Electric Co, General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, Schneider Electric S.E., Siemens AG and United Technologies Corporation. These companies have the ability to pool in investment from their other business to smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.

Reasons to buy:


  • The Europe smart home market study presents the current market size, trend, forecast until 2024. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments and sub segments
  • Deep dive regional level analysis of the industry

Customization Options:


Europe Smart Home Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customised solutions to clients.

           
  1 MARKET INTRODUCTION
    1.1 Market Definition
    1.2 Objective of the Study
    1.3 Limitation  
    1.4 Stakeholders
    1.5 Currency used in the Report
  2 RESEARCH METHODOLOGY OR ASSUMPTION
    2.1 Research Methodology for Europe Smart Home Technology Market
      2.2.1 Main objective of the Europe Smart Home Technology Market Study
  3 ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION
    3.1 General Overview
      3.1.1 European Union Energy efficiency targets for 2020 and 2030
      3.1.2 Policies adopted to improve energy efficiency, among European Union
      3.1.3 Energy efficiency progress update for European Union
      3.1.4 Future impact of energy efficiency program in the EU
  4 INDUSTRY PERFORMANCE
  5 EXECUTIVE SUMMARY
  6 MARKET OVERVIEW
    6.1 Introduction
    6.2 Market Dynamics
    6.3 Market Drivers
      6.3.1 Wave of Digitization at Accelerating Pace
      6.3.2 Evolving Governmental Energy and Emission Policies
      6.3.3 Growing Demand for Smart Home Energy Management System
      6.3.4 Development of Smart Gas Metering Services
      6.3.5 Development of Interconnectivity Across Platforms and Devices
    6.4 Market Restraints
      6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns
      6.4.2 Concerns Regarding Privacy and Hacking
      6.4.3 Complex Installation and High Price of the Smart Home products
    6.5 Opportunities
      6.5.1 Scope for Insurance companies
      6.5.2 Growth for Telecom Operators
      6.5.3 Restoring Independence for Elders and Smart Health Solutions
    6.6 Factor Analysis
      6.6.1 Demand & Supply Side Analysis
      6.6.2 Major Development & Investments in the Smart Home Market
      6.6.3 Major development and new Start-ups
      6.6.4 Top Investor in the Smart Home Market
  7 MARKET INSIGHTS, BY APPLICATIONS
    7.1 General Overview
      7.1.1 Safety and Security
      7.1.2 Smart Appliances
      7.1.3 Heating Ventilating, Air Conditioning (HVAC)
      7.1.4 Home Entertainment
      7.1.5 Smart Lighting Systems
      7.1.6 Smart Energy Management
  8 SMART HOME MARKET INSIGHTS, BY TECHNOLOGY
    8.1 General Introduction
    8.2 Wireless Smart Technology
      8.2.1 Wi- fi Technology
      8.2.2 Bluetooth Technology
      8.2.3 Zigbee Technology
      8.2.4 Z- Wave Technology
      8.2.5 Other Wireless Technology
    8.3 Wired Smart Technology
      8.3.1 Ethernet Technology
      8.3.2 Power Line Communication
      8.3.3 Fiber to Home Technology
      8.3.4 Other Wired Technology
  9 SMART HOME MARKET INSIGHTS, BY END - USERS
    9.1 General Overview
    9.2 Residential End Users
      9.2.1 Luxury Homes
      9.2.2 Mid-Range Apartments/Homes
      9.2.3 Assisted Homes
      9.2.4 Low Energy Homes
    9.3 Commercial End Users
      9.3.1 Smart Hotels
      9.3.2 Smart Hospitals
      9.3.3 Other Commercial Buildings
  10 SMART HOME MARKET INSIGHTS, BY REGION
    10.1 European Smart Home Market Insights
    10.2 Germany Smart Home Market Insights
      10.2.1 Germany Smart Home Market, by Application
      10.2.2 Germany Smart Home Market, by Technology
      10.2.3 Germany Smart Home Market, by Wireless Technology
      10.2.4 Germany Smart Home Market, by Wired Technology
      10.2.5 Germany Smart Home Market, by End -Users
      10.2.6 Germany Residential End-User Market, by Type of Buildings
      10.2.7 Germany Commercial End-User Market, by Type of Buildings
    10.3 United Kingdom Smart Home Market Insights
      10.3.1 UK Smart Home Market, by Application
      10.3.2 UK Smart Home Market, by Technology
      10.3.3 UK Smart Home Market, by Wireless Technology
      10.3.4 UK Smart Home Market, by Wired Technology
      10.3.5 UK Smart Home Market, by End -Users
      10.3.6 UK Residential End-User Market, by Type of Buildings
      10.3.7 UK Commercial Smart Home Market, by Type of Commercial Buildings
    10.4 Netherlands Smart Home Technology Market Insights
      10.4.1 Netherlands Smart Home Market, by Application
      10.4.2 Netherlands Smart Home Market, by Technology
      10.4.3 Netherlands Smart Home Market, by Wireless Technology
      10.4.4 Netherlands Smart Home Market, by Wired Technology
      10.4.5 Netherlands Smart Home Market, by End -Users
      10.4.6 Netherlands Commercial End-User Market, by Type of Buildings
      10.4.7 Netherlands Commercial End-User Market, by Type of Buildings
    10.5 France Smart Home Technology Market Insights
      10.5.1 France Smart Home Market, by Application
      10.5.2 France Smart Home Market, by Technology
      10.5.3 France Smart Home Market, by Wireless Technology
      10.5.4 France Smart Home Market, by Wired Technology
      10.5.5 France Smart Home Market, by End -Users
      10.5.6 France Residential End-User Market, by Type of Buildings
      10.5.7 France Commercial End-User Market, by Type of Buildings
    10.6 Norway Smart Home Market Insights
      10.6.1 Norway Smart Home Market, by Application
      10.6.2 Norway Smart Home Market, by Technology
      10.6.3 Norway Smart Home Market, by Wireless Technology
      10.6.4 Norway Smart Home Market, by Wired Technology
      10.6.5 Norway Smart Home Market, by End -Users
      10.6.6 Norway Commercial End-User Market, by Type of Buildings
      10.6.7 Norway Commercial End-User Market, by Type of Buildings
    10.7 Switzerland Smart Home Market Insights
      10.7.1 Switzerland Smart Home Market, by Application
      10.7.2 Switzerland Smart Home Market, by Technology
      10.7.3 Switzerland Smart Home Market, by Wireless Technology
      10.7.4 Switzerland Smart Home Market, by Wired Technology
      10.7.5 Switzerland Smart Home Market, by End -Users
      10.7.6 Switzerland Commercial End-User Market, by Type of Buildings
      10.7.7 Switzerland Commercial End-User Market, by Type of Buildings
    10.8 Denmark Smart Home Market Insights
      10.8.1 Denmark Smart Home Market, by Application
      10.8.2 Denmark Smart Home Market, by Technology
      10.8.3 Denmark Smart Home Market, by Wireless Technology
      10.8.4 Denmark Smart Home Market, by Wired Technology
      10.8.5 Denmark Smart Home Market, by End -Users
      10.8.6 Denmark Commercial End-User Market, by Type of Buildings
      10.8.7 Denmark Commercial End-User Market, by Type of Buildings
    10.9 Rest of Europe Smart Home Technology Market Insights
      10.9.1 Rest of Europe Smart Home Market, by Application
      10.9.2 Rest of Europe Smart Home Market, by Technology
      10.9.3 Rest of Europe Smart Home Market, by Wireless Technology
      10.9.4 Rest of Europe Smart Home Market, by Wired Technology
      10.9.5 Rest of Europe Smart Home Market, by End -Users
      10.9.6 Rest of Europe Commercial End-User Market, by Type of Buildings
      10.9.7 Rest of Europe Commercial End-User Market, by Type of Buildings
  11 COMPETITIVE SCENARIO
    11.1 Porter’s Five forces analysis
      11.1.1 Bargaining Power of Suppliers
      11.1.2 Bargaining Power of Buyers
      11.1.3 Threat of New Entrants
      11.1.4 Threat of Substitutes
      11.1.5 Intensity of Rivalry
    11.2 Global Smart Home Market Share Analysis, 2017
      11.2.1 Smart Safety & Security Market Share, by Company 2017
      11.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017
      11.2.3 Lighting & Control System Market Share, by Company 2017
      11.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017
  12 COMPANY PROFILES
    12.1 ABB Limited
      12.1.1 Key Facts
      12.1.2 Business Description
      12.1.3 Key Product/Services Offerings
      12.1.4 SWOT Analysis
      12.1.5 Key Financials
        12.1.5.1 Revenue Split
      12.1.6 Recent Developments
    12.2 ASSA ABLOY
      12.2.1 Key Facts
      12.2.2 Business Description
      12.2.3 Key Product/Services Offerings
      12.2.4 SWOT Analysis
      12.2.5 Key Financials
        12.2.5.1 Revenue Split
      12.2.6 Recent Developments
    12.3 Cisco Systems, Inc.
      12.3.1 Key Facts
      12.3.2 Business Description
      12.3.3 Key Product/Services Offerings
      12.3.4 SWOT Analysis
      12.3.5 Key Financials
        12.3.5.1 Revenue Split
      13.3.6 Recent Developments
    12.4 Deutsche Telekom AG
      12.4.1 Key Facts
      12.4.2 Business Description
      12.4.3 Key Product/Services Offerings
      12.4.4 SWOT Analysis
      12.4.5 Key Financials
        12.4.5.1 Revenue Split
      12.4.6 Recent Developments
    12.5 Emerson Electric Co.
      12.5.1 Key Facts
      12.5.2 Business Description
      12.5.3 Key Product/Services Offerings
      12.5.4 SWOT Analysis
      12.5.5 Key Financials
        12.5.5.1 Revenue Split
      12.5.6 Recent Developments
    12.6 General Electric Company
      12.6.1 Key Facts
      12.6.2 Business Description
      12.6.3 Key Product/Services Offerings
      12.6.4 SWOT Analysis
      12.6.5 Key Financials
        12.6.5.1 Revenue Split
      12.6.6 Recent Developments
    12.7 Honeywell International Inc.
      12.7.1 Key Facts
      12.7.2 Business Description
      12.7.3 Key Product/Services Offerings
      12.7.4 SWOT Analysis
      12.7.5 Key Financials
        12.7.5.1 Revenue Split
      12.7.6 Recent Developments
    12.8 IBM Corporation
      12.8.1 Key Facts
      12.8.2 Business Description
      12.8.3 Key Product/Services Offerings
      12.8.4 SWOT Analysis
      12.8.5 Key Financials
        12.8.5.1 Revenue Split
      12.8.6 Recent Developments
    12.9 Schneider Electric S.E.
      12.9.1 Key Facts
      12.9.2 Business Description
      12.9.3 Key Product/Services Offerings
      12.9.4 SWOT Analysis
      12.9.5 Key Financials
        12.9.5.1 Revenue Split
      12.9.6 Recent Developments
    12.1 Siemens AG
      12.10.1 Key Facts
      12.10.2 Business Description
      12.10.3 Key Product/Services Offerings
      12.10.4 SWOT Analysis
      12.10.5 Key Financials
        12.10.5.1 Revenue Split
      12.10.6 Recent Developments
    12.1 United Technologies Corporation
      12.11.1 Key Facts
      12.11.2 Business Description
      12.11.3 Key Product/Services Offerings
      12.11.4 SWOT Analysis
      12.11.5 Key Financials
        12.11.5.1 Revenue Split
      12.11.6 Recent Developments

Research Methodology for Europe Smart Home Technology Market

Analysing historical market, estimation of the current market and forecasting the future market for Europe smart home technology were the three major steps to create and analyse the overall adoption rate of smart home technology in the region. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the smart home technology in the region. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of smart home technology market at regional or country level scale. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the Europe Smart home technology market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, IMF, Trading Economics, Trade Map, and UN Comtrade among others were used.

Step 2: Market Segmentation:


After obtaining historical market size of the overall Europe smart home market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the regional smart home technology. Major segments included in the report are technology, application, and end-users. Further analysis was also done for sub-segments of the major segments of regional smart home technology.

Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the smart home technology in Europe. Factor analysis was conducted using dependent and independent variable such as purchasing power, awareness rate, smartphone penetration, consumer behavior while purchasing smart devices, and satisfaction level of customers etc. Historical trends of the smart home technology and their year-on-year impact on the market size and share in

the recent past of different Europe countries such as Germany, United Kingdom, France, Netherlands, Norway, Switzerland, Denmark and Rest of Europe was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players of Europe region. All the required percentage shares, splits, and market breakdowns were determined using the above mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in different country. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of smart home devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also the growth strategies adopted by these players to compete in the ever growing Europe smart home technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head etc.) in Europe countries. Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Europe



 

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the smart home technology market in Europe. Data was split into several segments & sub-segments and countries post studying various parameters and trends in the areas of safety & security, smart appliances, consumer appliances, lighting control systems, HVAC, home entertainment & energy management, wireless & wired technology and residential & commercial end-users

Main objective of the Smart Home Technology Market Study

The current & future market trends of the Europe smart home technology are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market not only at regional level but also at country level, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of Europe smart home technology in terms of value
  • Analyse the current and forecast market size of different segments and sub-segments of smart home technology. Segments  in the study include application, technology and end-users
  • Define and describe the technologies and protocols used in smart homes technology
  • Anticipate potential risk associated with the technology.
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for smart home technology in different countries
  • Analyse the current and forecast market size of smart home technology, in terms of value for countries including Germany, United Kingdom, France, Netherlands, Norway, Switzerland, Denmark and Rest of Europe region.
  • Define and analyse the competitive landscape of the Europe smart home technology and the growth strategies adopted by the market players to sustain in the ever growing market in different countries of the region.

 

Research Methodology for Europe Smart Home Technology Market

Analysing historical market, estimation of the current market and forecasting the future market for Europe smart home technology were the three major steps to create and analyse the overall adoption rate of smart home technology in the region. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the smart home technology in the region. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of smart home technology market at regional or country level scale. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the Europe Smart home technology market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, IMF, Trading Economics, Trade Map, and UN Comtrade among others were used.

Step 2: Market Segmentation:


After obtaining historical market size of the overall Europe smart home market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the regional smart home technology. Major segments included in the report are technology, application, and end-users. Further analysis was also done for sub-segments of the major segments of regional smart home technology.

Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the smart home technology in Europe. Factor analysis was conducted using dependent and independent variable such as purchasing power, awareness rate, smartphone penetration, consumer behavior while purchasing smart devices, and satisfaction level of customers etc. Historical trends of the smart home technology and their year-on-year impact on the market size and share in

the recent past of different Europe countries such as Germany, United Kingdom, France, Netherlands, Norway, Switzerland, Denmark and Rest of Europe was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players of Europe region. All the required percentage shares, splits, and market breakdowns were determined using the above mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in different country. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of smart home devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also the growth strategies adopted by these players to compete in the ever growing Europe smart home technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head etc.) in Europe countries. Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Europe



 

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the smart home technology market in Europe. Data was split into several segments & sub-segments and countries post studying various parameters and trends in the areas of safety & security, smart appliances, consumer appliances, lighting control systems, HVAC, home entertainment & energy management, wireless & wired technology and residential & commercial end-users

Main objective of the Smart Home Technology Market Study

The current & future market trends of the Europe smart home technology are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market not only at regional level but also at country level, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of Europe smart home technology in terms of value
  • Analyse the current and forecast market size of different segments and sub-segments of smart home technology. Segments  in the study include application, technology and end-users
  • Define and describe the technologies and protocols used in smart homes technology
  • Anticipate potential risk associated with the technology.
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for smart home technology in different countries
  • Analyse the current and forecast market size of smart home technology, in terms of value for countries including Germany, United Kingdom, France, Netherlands, Norway, Switzerland, Denmark and Rest of Europe region.
  • Define and analyse the competitive landscape of the Europe smart home technology and the growth strategies adopted by the market players to sustain in the ever growing market in different countries of the region.

 


Europe Smart Homes Technology Market: Insights and Forecast, 2018-2024