Market By Products, Services And Geography | Forecast 2019-2027
Triton Market Research has estimated the smart home market in Europe to show an upward trend in terms of revenue and grow with a CAGR of 14.97% in the forecasting years 2019-2027.
The countries that have been considered in the European smart home market are:
• The United Kingdom
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
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In 2018, the majority of the market share was captured by the United Kingdom in the Europe smart home market. On the other hand, Russia is anticipated to be the fastest-growing country in the market during forecasting years. The UK and Germany are the major countries in the European smart home market. In France, the level of awareness is low, but intense and direct marketing efforts focusing on both the end-users and the installers will impact the market and lead to its growth in the near future.
The growing need for convenience and security by consumers is the primary reason for the growth of the smart home market in Spain. The increasing aging population and their dependence on smart appliances is an important reason for the growth of the market. The increased application of IoT in home appliances is largely contributing to the growth of the market in the country. Nest, a subsidiary of Google, has entered the Spanish smart home market and plans to collaborate with similar local companies to provide smart home solutions. It penetrated the market with its smart thermostats and cameras. The low awareness amongst the consumers regarding the implementation of smart appliances and their advantages are the major roadblock for the growth of the Spanish smart home market.
Centrica Connected Home Limited (CCHL); formerly known as AlertMe.com Ltd., a subsidiary of Centrica Plc, is an energy management company. It principally offers smart energy-saving systems and home monitoring systems. Its product line comprises intelligent web-based solutions for energy efficiency, home monitoring & heating and related data insights. Its products include energy analytics, energy control and home automation. The company’s technology is based on a multiprotocol home gateway and cloud-based applications. The company has its presence in the UK, the US and Germany; it is headquartered in Cambridge, the United Kingdom.
1. EUROPE
SMART HOME MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. INCREASE
IN ADOPTION OF ELECTRONIC GADGETS
2.2.2. CLOUD
TECHNOLOGY HELPS IN THE GROWTH OF THE MARKET
2.2.3. INCREASED
ADOPTION OF SMART HOMES
2.3. EVOLUTION
& TRANSITION OF SMART HOME
2.4. PORTER’S
FIVE FORCE ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF SUPPLIERS
2.4.4. BARGAINING
POWER OF BUYERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. COST
2.5.2. DATA
SECURITY
2.5.3. COMFORT
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN AGING POPULATION
2.9.2. GROWTH
IN INTERNET OF THINGS (IOT) DEVICES
2.9.3. INCREASE
IN URBANIZATION AND INFRASTRUCTURE PROJECTS
2.9.4. GOVERNMENTAL
INITIATIVES
2.10. MARKET
RESTRAINTS
2.10.1. COMPLEX
INSTALLATION PROCEDURE OF SMART DEVICES
2.10.2. PROBLEMS
WITH DATA MANAGEMENT
2.10.3. HIGH
PRICE OF SMART HOME PROJECTS
2.10.4. PRIVACY
CONCERNS
2.11. MARKET
OPPORTUNITIES
2.11.1. DEMAND
FROM URBAN SECURITY
2.11.2. GROWTH
OF SMART CITY PROJECTS
2.12. MARKET
CHALLENGES
2.12.1. LOW
AWARENESS ABOUT THE MARKET
2.12.2. LACK
OF STANDARDIZATION AND PROBLEMS WITH INTEROPERABILITY
3. EUROPE
SMART HOME MARKET OUTLOOK - BY PRODUCTS
3.1. SECURITY
3.2. HVAC
3.3. LIGHTING
CONTROLLERS
3.4. ENTERTAINMENT
3.5. ENERGY
MANAGEMENT
3.6. HOME
HEALTH
3.7. OTHERS
4. EUROPE
SMART HOME MARKET OUTLOOK - BY SERVICES
4.1. INSTALLATION
AND REPAIR
4.2. CUSTOMIZATION
5. EUROPE
SMART HOME MARKET - REGIONAL OUTLOOK
5.1. THE
UNITED KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST
OF EUROPE
6. COMPETITIVE
LANDSCAPE
6.1. ABB
LTD.
6.2. BLUE
LINE INNOVATIONS, INC.
6.3. CENTRICA
CONNECTED HOME LIMITED
6.4. CENTURY
TECHNOLOGIES CORP.
6.5. CONTROL4
CORPORATION
6.6. CRESTRON
ELECTRONICS, INC.
6.7. EE
LIMITED
6.8. EMERSON
ELECTRIC, CO.
6.9. HONEYWELL
INTERNATIONAL, INC.
6.10. JOHNSON
CONTROLS, INC.
6.11. LG
ELECTRONICS, INC.
6.12. SAMSUNG
ELECTRONICS CO., LTD.
6.13. SCHNEIDER
ELECTRIC SE
6.14. SIEMENS
AG
6.15. SOLATUBE
INTERNATIONAL, INC.
6.16. UNITED
TECHNOLOGIES CORPORATION
6.17. VODAFONE
GROUP PLC
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE SMART
HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: TECHNOLOGIES
USED IN A HOME AREA NETWORK
TABLE 3: VENDOR
SCORECARD
TABLE 4: KEY COUNTRIES
BY CRIME INDEX
TABLE 5: EUROPE SMART
HOME MARKET, BY PRODUCT, 2019-2027 (IN $ MILLION)
TABLE 6: EUROPE SMART
HOME MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)
TABLE 7: EUROPE SMART
HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
FIGURE 1: EVOLUTION OF
SMART HOME MARKET
FIGURE 2: PORTER’S FIVE
FORCE ANALYSIS
FIGURE 3: KEY BUYING
IMPACT ANALYSIS
FIGURE 4: MARKET
ATTRACTIVENESS INDEX
FIGURE 5: INDUSTRY
COMPONENTS
FIGURE 6: PERCENTAGE OF
URBAN POPULATION ACROSS MAJOR REGIONS, 2017
FIGURE 7: EUROPE SMART
HOME MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)
FIGURE 8: EUROPE SMART
HOME MARKET, BY HVAC, 2019-2027 (IN $ MILLION)
FIGURE 9: EUROPE SMART
HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)
FIGURE 10: EUROPE SMART
HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)
FIGURE 11: EUROPE SMART
HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)
FIGURE 12: EUROPE SMART
HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)
FIGURE 13: EUROPE SMART
HOME MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 14: EUROPE SMART
HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $ MILLION)
FIGURE 15: EUROPE SMART
HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)
FIGURE 16: EUROPE SMART
HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: THE UNITED
KINGDOM SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: GERMANY
SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: FRANCE SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: SPAIN SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: ITALY SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: RUSSIA SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: REST OF
EUROPE SMART HOME MARKET, 2019-2027 (IN $ MILLION)