European Smart Home Market – Global Forecast to 2029
유럽의 스마트 홈 시장 - 조명 컨트롤, 스마트 스피커, 엔터테인먼트 컨트롤, HVAC 컨트롤, 보안 및 액세스 컨트롤, 스마트 주방,
홈 헬스케어, 스마트 가구, 가전 제품, 유선, 행동, 프로 액티브 – 2029년까지 세계 예측
European Smart Home Market by Lighting Controls, Smart Speakers, Entertainment Controls, HVAC Controls, Security & Access Controls, Smart Kitchen, Home Healthcare, Smart Furniture, Home Appliances, Wired, Behavioral, Proactive – Global Forecast to 2029
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2024년10월 |
| 페이지 수 | 303 |
| 도표 수 | 293 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
Report Overview
The European smart home market was valued at USD 22.11 billion in 2024 and is projected to reach USD 29.24 billion by 2029; it is expected to register a CAGR of 5.7% during the forecast period. Concerns about safety, security, and convenience among general population is driving the growth of the European smart home market. Whereas the switching cost of the present smart home devices is restraining the growth of the European smart home market.
유럽의 스마트 홈 시장은 2024년에 221억 1천만 달러로 평가되었으며 2029년에는 292억 4천만 달러에 이를 것으로 예상됩니다. 예측 기간 동안 5.7%의 CAGR을 기록할 것으로 예상됩니다. 일반 대중의 안전, 보안 및 편의성에 대한 우려가 유럽 스마트 홈 시장의 성장을 주도하고 있습니다.
“The lighting control segment is expected to grow at the second highest CAGR during the forecast period.”
The lighting control segment is projected to grow at the second highest CAGR during the forecast. A smart lighting control system is an automated device that allows the control of lighting in a residential building through acquiring information from the input devices and transmitting it through one or more central computation devices which transform the received information into signals to the output devices.
Smart home lighting controls can allow a lighting system to perform checks on occupancy as well as natural lighting in an area. It can detect these factors and, therefore, it can regulate its illumination with regard to the amount of natural light, or switch off if the room is empty. Lighting control is a foundation of lighting for energy conservation.
The behavioral system type is likely to grow at the second higher CAGR during the forecast period
The behavioral system type is expected to grow at second higher CAGR during the forecast period. The behavioral system type applies Al and machine learning algorithms to study from the behaviors of persons in a smart house. It activates and controls routines and preferences of the home and implements them using data acquired from the sensors, cameras and other smart devices. The behavioral system type aims to offer consumers a tailored and comfort approach where various processes are conducted based on the occupant response.
“Germany is likely to grow at the second highest CAGR during the forecast period.”
The market in Germany is expected to witness the second highest CAGR during the forecast period. The growth in the country is attributed to the initiatives undertaken by the government to adopt smart solutions thereby enhancing building sustainability. For instance, in Germany, the smart home is promoted through Next Generation Media Programme supported by the Federal Ministry for Economic Affairs and Climate Action (BMWK). Smart home technologies are considered as one of the pathways to enhance the quality of life and energy efficiency thus contributing to general objectives of the Digital Agenda for Germany. Implementing smart home projects with the assistance of Next Generation Media Programme, there is quite integrated approach to foster digital communications networks and services across many industries.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type – Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
- By Designation— C-level Executives – 40%, Directors – 30%, Others – 30%
The European smart home market is dominated by a few globally established players such as Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), Resideo Technologies Inc. (US), Robert Bosch (Germany), ABB (Switzerland). The study includes an in-depth competitive analysis of these key players in the European smart home market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the European smart home market and forecasts its size by product, system type, sales channel, protocol, residence type, installation type, country. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across a main region—Europe. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the smart home ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (Rising need for energy saving and low carbon emission-oriented solutions, Ongoing proliferation of smartphones and smart gadgets are driving need for them). Restraint (High switching cost for existing smart device consumers, More convenience driven market than being necessity driven market, High up front cost, Complexity and glitches in setting up of smart homes), Opportunity (Favorable government regulations, Expected incorporation of lighting controllers with inbuild data connectivity technology, Use of Smart Home product for geriatric applications), Challenges (Linking disparate systems, limited functionalities, and lack of open standards, Cybersecurity concerns of smart homes, Retrofitting existing homes, Compatibility Issues of smart home products)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the European smart home market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the European smart home market across varied countries.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the European smart home market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and system types of leading players like Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), Resideo Technologies Inc. (US), Robert Bosch (Germany), ABB (Switzerland) among others in the European smart home market.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
1.3.2 YEARS CONSIDERED 29
1.3.3 INCLUSIONS AND EXCLUSIONS 29
1.4 CURRENCY CONSIDERED 30
1.5 UNIT CONSIDERED 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 34
2.1.2 SECONDARY DATA 34
2.1.2.1 List of key secondary sources 35
2.1.2.2 Key data from secondary sources 35
2.1.3 PRIMARY DATA 35
2.1.3.1 Breakdown of primaries 36
2.1.3.2 List of primary interview participants 36
2.1.3.3 Key data from primary sources 37
2.1.3.4 Key industry insights 37
2.2 FACTOR ANALYSIS 38
2.2.1 SUPPLY-SIDE ANALYSIS 38
2.2.2 DEMAND-SIDE ANALYSIS 39
2.2.3 GROWTH FORECAST ASSUMPTIONS 39
2.3 MARKET SIZE ESTIMATION METHODOLOGY 40
2.3.1 BOTTOM-UP APPROACH 40
2.3.1.1 Approach to arrive at market size using bottom-up analysis
(demand side) 40
2.3.2 TOP-DOWN APPROACH 41
2.3.2.1 Approach to arrive at market size using top-down analysis
(supply side) 42
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 43
2.5 RESEARCH ASSUMPTIONS 44
2.6 RESEARCH LIMITATIONS 44
2.7 RISK ASSESSMENT 45
3 EXECUTIVE SUMMARY 46
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN EUROPEAN
SMART HOME MARKET 49
4.2 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE 50
4.3 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET 50
4.4 SMART KITCHEN: EUROPEAN SMART HOME MARKET 51
4.5 HOME APPLIANCES: EUROPEAN SMART HOME MARKET 51
4.6 EUROPEAN SMART HOME MARKET, BY COUNTRY 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
5.2.1 DRIVERS 54
5.2.1.1 Rising need for energy-saving and low-carbon emission-oriented solutions 54
5.2.1.2 Proliferation of smartphones and smart gadgets 55
5.2.1.3 Growing adoption of DIY home monitoring systems 55
5.2.1.4 Rising safety concerns due to urbanization and globalization 56
5.2.2 RESTRAINTS 56
5.2.2.1 Expenses associated with smart gadgets 57
5.2.2.2 High cost of ownership of home automation systems 57
5.2.2.3 Complexities in installing smart home devices 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Implementation of energy efficiency measures 58
5.2.3.2 Rising adoption of smart lighting systems 58
5.2.3.3 Development of ambient assistant living-friendly solutions 59
5.2.4 CHALLENGES 60
5.2.4.1 Lack of developments in common standards and communication protocols 60
5.2.4.2 Prone to hacking 61
5.2.4.3 Retrofitting existing homes 61
5.2.4.4 Fragmentation of smart home industry 61
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
5.4 PRICING ANALYSIS 63
5.4.1 AVERAGE SELLING PRICE TREND OF SMART LOCKS, BY KEY PLAYER,
2019–2023 63
5.4.2 AVERAGE SELLING PRICE TREND OF SMART HOMES, BY PRODUCT,
2020–2023 64
5.4.3 AVERAGE SELLING PRICE TREND OF LIGHTING CONTROL PRODUCTS,
BY COUNTRY, 2020–2023 64
5.5 VALUE CHAIN ANALYSIS 65
5.6 ECOSYSTEM ANALYSIS 67
5.7 INVESTMENT AND FUNDING SCENARIO 68
5.8 TECHNOLOGY ANALYSIS 69
5.8.1 KEY TECHNOLOGIES 69
5.8.1.1 Voice assistants 69
5.8.2 COMPLEMENTARY TECHNOLOGIES 69
5.8.2.1 Big data analytics 69
5.8.3 ADJACENT TECHNOLOGIES 70
5.8.3.1 Biometric authentication 70
5.8.3.2 AR and VR 70
5.9 PATENT ANALYSIS 71
5.10 TRADE ANALYSIS 74
5.10.1 IMPORT DATA (HS CODE 8517) 74
5.10.2 EXPORT DATA (HS CODE 8517) 76
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 77
5.12 CASE STUDY ANALYSIS 78
5.12.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION REVOLUTIONIZES EMERGENCY SERVICES GLOBALLY 78
5.12.2 JOHNSON CONTROLS’ COOLING SOLUTION ENABLES FISERV TO OVERCOME MAINTENANCE ISSUES AND SAVE ENERGY 78
5.12.3 FUNCTION CONTROL LTD OFFERS HOMEOWNERS IN SCOTLAND INTEGRATED SMART HOME SOLUTIONS FOR SEAMLESS USER EXPERIENCES 79
5.12.4 LEGRAND’S SMART HOME SOLUTION TRANSFORMS UNIQUE PROPERTY INTO AUTOMATED LIVING SPACE 79
5.13 TARIFF AND REGULATORY LANDSCAPE 80
5.13.1 TARIFF ANALYSIS (HS CODE 8517) 80
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
5.13.3 STANDARDS 82
5.14 PORTER’S FIVE FORCES ANALYSIS 84
5.14.1 INTENSITY OF COMPETITIVE RIVALRY 85
5.14.2 BARGAINING POWER OF SUPPLIERS 85
5.14.3 BARGAINING POWER OF BUYERS 86
5.14.4 THREAT OF SUBSTITUTES 86
5.14.5 THREAT OF NEW ENTRANTS 86
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 87
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
5.15.2 BUYING CRITERIA 88
5.16 IMPACT OF AI/GENERATIVE AI ON EUROPEAN SMART HOME MARKET 89
6 EUROPEAN SMART HOME MARKET, BY PROTOCOL 90
6.1 INTRODUCTION 91
6.2 WIRED 92
6.2.1 INCREASING IMPLEMENTATION IN HIGH-BANDWIDTH APPLICATIONS TO DRIVE MARKET 92
6.2.2 DALI 92
6.2.3 NEMA 93
6.2.4 KNX 93
6.2.5 DMX 94
6.2.6 LONWORKS 94
6.2.7 ETHERNET 95
6.2.8 MODBUS 95
6.2.9 BACNET 96
6.2.10 BLACK BOX 96
6.2.11 PLC 96
6.3 WIRELESS 97
6.3.1 RISING DEMAND FOR SECURED AND HIGH-SPEED SOLUTIONS TO FOSTER MARKET GROWTH 97
6.3.2 ZIGBEE 98
6.3.3 Z-WAVE 99
6.3.4 WI-FI 99
6.3.5 BLUETOOTH 99
6.3.6 ENOCEAN 100
6.3.7 THREAD 100
6.3.8 INFRARED 101
6.3.9 MQTT 101
7 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL 102
7.1 INTRODUCTION 103
7.2 DIRECT SALES 104
7.2.1 GROWING DEMAND FOR PERSONALIZED SMART SOLUTIONS TO FOSTER MARKET GROWTH 104
7.3 INDIRECT SALES 104
7.3.1 RISING ADOPTION OF E-COMMERCE PLATFORMS TO DRIVE MARKET 104
8 EUROPEAN SMART HOME MARKET, BY PRODUCT 105
8.1 INTRODUCTION 106
8.2 LIGHTING CONTROLS 109
8.2.1 RELAYS 111
8.2.1.1 Rising adoption of IoT-enabled appliances and systems to support market growth 111
8.2.2 OCCUPANCY SENSORS 112
8.2.2.1 Growing need to minimize energy consumption and improve usability and control to foster market growth 112
8.2.3 DAYLIGHT SENSORS 113
8.2.3.1 Pressing need for efficient electricity usage to fuel market growth 113
8.2.4 TIMERS 114
8.2.4.1 Increasing use in indoor and outdoor lighting, heat lamps, and hot tubs to foster market growth 114
8.2.5 DIMMERS 115
8.2.5.1 Ability to increase operational lifespan of lamps to drive market 115
8.2.6 SWITCHES 116
8.2.6.1 Growing need to reduce cabling costs to fuel market growth 116
8.2.7 ACCESSORIES & OTHER PRODUCTS 117
8.3 SECURITY & ACCESS CONTROLS 118
8.3.1 VIDEO SURVEILLANCE 120
8.3.1.1 Rising emphasis on developing digital systems to foster market growth 120
8.3.2 ACCESS CONTROL 121
8.3.2.1 Increasing need to enhance security to accelerate demand 121
8.3.2.1.1 Hardware 122
8.3.2.1.1.1 Card-based readers 122
8.3.2.1.1.2 Multi-technology readers 122
8.3.2.1.1.3 Smart locks 123
8.3.2.1.1.4 Controllers 123
8.3.2.1.1.5 Biometric readers 123
8.3.2.1.2 Software 124
8.3.2.1.3 Services 124
8.4 HVAC CONTROLS 124
8.4.1 SMART THERMOSTATS 126
8.4.1.1 Ability to learn and adapt to behavior of end users to drive market 126
8.4.2 SENSORS 127
8.4.2.1 Rising need to facilitate ventilation for indoor air quality and temperature to fuel demand 127
8.4.3 CONTROL VALVES 128
8.4.3.1 Rising need to regulate flow of fluids to foster market growth 128
8.4.4 HEATING & COOLING COILS 129
8.4.4.1 Rising emphasis on achieving sustainable goals to fuel market growth 129
8.4.5 DAMPERS 130
8.4.5.1 Increasing need to regulate airflow inside air handling equipment to foster market growth 130
8.4.6 ACTUATORS 131
8.4.6.1 Rising application for controlling dampers and valves in HVAC systems to accelerate demand 131
8.4.7 PUMPS & FANS 132
8.4.7.1 Integration of IoT-enabled pumps and fans to offer lucrative growth opportunities 132
8.4.8 SMART VENTS 133
8.4.8.1 Rising demand for easy-to-install equipment to foster market growth 133
8.5 ENTERTAINMENT & OTHER CONTROLS 134
8.5.1 ENTERTAINMENT CONTROLS 136
8.5.1.1 Audio & volume controls 138
8.5.1.1.1 Ongoing technological advancements to offer lucrative growth opportunities 138
8.5.1.2 Home theater system controls 139
8.5.1.2.1 Increasing demand to eliminate wire installations to foster segmental growth 139
8.5.1.3 Touchscreens & keypads 140
8.5.1.3.1 Rising demand for customized devices to fuel market growth 140
8.5.2 OTHER CONTROLS 141
8.5.2.1 Smart meters 143
8.5.2.1.1 Increasing awareness about environmental issues to foster market growth 143
8.5.2.2 Smart plugs 144
8.5.2.2.1 Growing need for efficient management of energy usage to offer lucrative growth opportunities 144
8.5.2.3 Smart hubs 145
8.5.2.3.1 Rising applications of unifying connected gadgets in smart homes to drive market 145
8.5.2.4 Smoke detectors 146
8.5.2.4.1 Stringent fire safety regulations to accelerate demand 146
8.6 SMART SPEAKERS 147
8.6.1 ABILITY TO REGULATE SMART DEVICES THROUGH USER VOICE CONTROL TO DRIVE MARKET 147
8.7 HOME HEALTHCARE APPLIANCES 149
8.7.1 HEALTH STATUS MONITORS 151
8.7.1.1 Growing emphasis on preventive healthcare to boost demand 151
8.7.1.2 Fitness and heart rate monitors 152
8.7.1.3 Blood pressure monitors 152
8.7.1.4 Blood glucose meters 152
8.7.1.5 Continuous glucose monitors 152
8.7.1.6 Pulse oximeters 153
8.7.1.7 Fall detectors 153
8.7.2 PHYSICAL ACTIVITY MONITORS 153
8.7.2.1 Increasing significance of physical activity and overall health to drive market 153
8.8 SMART KITCHEN APPLIANCES 154
8.8.1 SMART REFRIGERATORS 156
8.8.1.1 Advent of Wi-Fi-enabled touchscreen refrigerators to offer lucrative market growth 156
8.8.2 SMART COFFEE MAKERS 157
8.8.2.1 Increasing demand for Bluetooth-enabled coffee makers to fuel market growth 157
8.8.3 SMART KETTLES 158
8.8.3.1 Rising demand for Wi–Fi kettles to segmental growth 158
8.8.4 SMART DISHWASHERS 159
8.8.4.1 Ability to provide real-time information on energy consumption and energy efficiency to boost demand 159
8.8.5 SMART OVENS 160
8.8.5.1 Ability to control cooking time and temperature remotely to accelerate demand 160
8.8.6 SMART COOKTOPS 161
8.8.6.1 Rising consumer preference for convenience and time-saving solutions to spur demand 161
8.8.7 SMART COOKERS 162
8.8.7.1 Ability to adjust temperature remotely to accelerate demand 162
8.9 HOME APPLIANCES 163
8.9.1 SMART WASHERS 164
8.9.1.1 Increasing demand for smart stats, smart assistants, and smart dispensers to fuel market growth 164
8.9.2 SMART DRYERS 165
8.9.2.1 Advent of smart alert systems to offer lucrative growth opportunities 165
8.9.3 SMART WATER HEATERS 166
8.9.3.1 Surging demand for cost -and energy-efficient devices to drive market 166
8.9.4 SMART VACUUM CLEANERS 167
8.9.4.1 Rising integration of cameras and microphones into smart vacuum cleaners to offer lucrative growth opportunities 167
8.10 SMART FURNITURE 168
8.10.1 SMART TABLES 170
8.10.1.1 Ability to offer easy online access to users to drive market 170
8.10.2 SMART DESKS 171
8.10.2.1 Growing need to tackle backaches and eye strains to fuel market growth 171
8.10.3 SMART STOOLS & BENCHES 172
8.10.3.1 Rising demand for user-friendly environments to fuel market growth 172
8.10.4 SMART SOFAS 173
8.10.4.1 Ability to interact with different smart devices at home to foster market growth 173
8.10.5 SMART CHAIRS 174
8.10.5.1 Ability to monitor sitting posture accurately and non-invasively to foster market growth 174
9 EUROPEAN SMART HOME MARKET, BY SYSTEM TYPE 175
9.1 INTRODUCTION 176
9.2 BEHAVIORAL 177
9.2.1 INCREASING CONNECTIVITY BETWEEN MACHINE-TO-MACHINE SOLUTIONS AND IOT TO FOSTER MARKET GROWTH 177
9.3 PROACTIVE 178
9.3.1 EFFICIENT TRANSMISSION OF ENERGY CONSUMPTION DATA TO END USERS TO FUEL MARKET GROWTH 178
10 EUROPEAN SMART HOME MARKET, BY INSTALLATION TYPE 179
10.1 INTRODUCTION 180
10.2 NEW INSTALLATIONS 181
10.2.1 SUITABILITY FOR OUTDOOR ENVIRONMENTS TO FOSTER MARKET GROWTH 181
10.3 RETROFIT INSTALLATIONS 181
10.3.1 RISING NEED TO DECREASE HEAT EMISSIONS AND LOWER ENERGY USAGE TO DRIVE MARKET 181
11 EUROPEAN SMART HOME MARKET, BY RESIDENCE TYPE 182
11.1 INTRODUCTION 183
11.2 SINGLE-FAMILY RESIDENCE 184
11.2.1 RISING EMPHASIS ON REDUCING CARBON FOOTPRINTS TO DRIVE MARKET 184
11.3 MULTI-FAMILY RESIDENCE 184
11.3.1 ENHANCED OWNER EXPERIENCE TO FUEL MARKET GROWTH 184
12 EUROPEAN SMART HOME MARKET, BY COUNTRY 186
12.1 INTRODUCTION 187
12.2 MACROECONOMIC OUTLOOK FOR EUROPE 187
12.3 UK 189
12.3.1 MANDATORY COMPLIANCE WITH BUILDING SAFETY REGULATIONS TO FUEL MARKET GROWTH 189
12.4 GERMANY 191
12.4.1 ADOPTION OF ZERO-ENERGY SYSTEMS AND DEVELOPMENT OF SMART CITIES TO DRIVE MARKET 191
12.5 FRANCE 193
12.5.1 RISING INSTALLATION OF SECURITY SYSTEMS IN CONVENTIONAL BUILDINGS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 193
12.6 ITALY 194
12.6.1 GOVERNMENT-LED INITIATIVES TO PROMOTE IMPROVED DESIGNS AND MANAGEMENT OF LIGHTING SYSTEMS TO FUEL MARKET GROWTH 194
12.7 REST OF EUROPE 196
13 COMPETITIVE LANDSCAPE 198
13.1 OVERVIEW 198
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 198
13.3 MARKET SHARE ANALYSIS, 2023 201
13.4 REVENUE ANALYSIS, 2019–2023 202
13.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 203
13.6 BRAND COMPARISON 204
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 205
13.7.1 STARS 205
13.7.2 EMERGING LEADERS 205
13.7.3 PERVASIVE PLAYERS 205
13.7.4 PARTICIPANTS 205
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 207
13.7.5.1 Company footprint 207
13.7.5.2 Country footprint 208
13.7.5.3 Product footprint 209
13.7.5.4 System type footprint 210
13.7.5.5 Sales channel footprint 211
13.7.5.6 Installation type footprint 212
13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 213
13.8.1 PROGRESSIVE COMPANIES 213
13.8.2 RESPONSIVE COMPANIES 213
13.8.3 DYNAMIC COMPANIES 213
13.8.4 STARTING BLOCKS 213
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 215
13.8.5.1 Detailed list of key startups/SMEs 215
13.8.5.2 Competitive benchmarking of key startups/SMEs 215
13.9 COMPETITIVE SCENARIOS 216
13.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 216
13.9.2 DEALS 218
13.9.3 OTHER DEVELOPMENTS 219
14 COMPANY PROFILES 220
14.1 KEY PLAYERS 220
14.1.1 JOHNSON CONTROLS 220
14.1.1.1 Business overview 220
14.1.1.2 Products/Solutions/Services offered 221
14.1.1.3 Recent developments 223
14.1.1.3.1 Product launches/Developments 223
14.1.1.3.2 Deals 223
14.1.1.4 MnM view 224
14.1.1.4.1 Key strengths/Right to win 224
14.1.1.4.2 Strategic choices 224
14.1.1.4.3 Weaknesses/Competitive threats 224
14.1.2 SCHNEIDER ELECTRIC 225
14.1.2.1 Business overview 225
14.1.2.2 Products/Solutions/Services offered 226
14.1.2.3 Recent developments 227
14.1.2.3.1 Product launches/Developments 227
14.1.2.3.2 Deals 228
14.1.2.4 MnM view 229
14.1.2.4.1 Key strengths/Right to win 229
14.1.2.4.2 Strategic choices 229
14.1.2.4.3 Weaknesses/Competitive threats 230
14.1.3 HONEYWELL INTERNATIONAL INC. 231
14.1.3.1 Business overview 231
14.1.3.2 Products/Solutions/Services offered 232
14.1.3.3 Recent developments 233
14.1.3.3.1 Product launches/Developments 233
14.1.3.3.2 Deals 234
14.1.3.4 MnM view 236
14.1.3.4.1 Key strengths/Right to win 236
14.1.3.4.2 Strategic choices 236
14.1.3.4.3 Weaknesses/Competitive threats 236
14.1.4 ASSA ABLOY 237
14.1.4.1 Business overview 237
14.1.4.2 Products/Solutions/Services offered 238
14.1.4.3 Recent developments 240
14.1.4.3.1 Product launches/Developments 240
14.1.4.3.2 Deals 240
14.1.4.4 MnM view 243
14.1.4.4.1 Key strengths/Right to win 243
14.1.4.4.2 Strategic choices 243
14.1.4.4.3 Weaknesses/Competitive threats 243
14.1.5 SIEMENS 244
14.1.5.1 Business overview 244
14.1.5.2 Products/Solutions/Services offered 245
14.1.5.3 Recent developments 246
14.1.5.3.1 Product launches/Developments 246
14.1.5.3.2 Deals 249
14.1.5.3.3 Other developments 251
14.1.5.4 MnM view 251
14.1.5.4.1 Key strengths/Right to win 251
14.1.5.4.2 Strategic choices 252
14.1.5.4.3 Weaknesses/Competitive threats 252
14.1.6 AMAZON.COM, INC. 253
14.1.6.1 Business overview 253
14.1.6.2 Products/Solutions/Services offered 254
14.1.6.3 Recent developments 255
14.1.6.3.1 Product launches/Developments 255
14.1.6.3.2 Deals 257
14.1.7 APPLE INC. 258
14.1.7.1 Business overview 258
14.1.7.2 Products/Solutions/Services offered 259
14.1.7.3 Recent developments 261
14.1.7.3.1 Product launches/Developments 261
14.1.7.3.2 Deals 262
14.1.8 RESIDEO TECHNOLOGIES INC. 263
14.1.8.1 Business overview 263
14.1.8.2 Products/Solutions/Services offered 264
14.1.8.3 Recent developments 266
14.1.8.3.1 Product launches/Developments 266
14.1.8.3.2 Deals 267
14.1.8.3.3 Other developments 269
14.1.9 ROBERT BOSCH GMBH 270
14.1.9.1 Business overview 270
14.1.9.2 Products/Solutions/Services offered 271
14.1.9.3 Recent developments 272
14.1.9.3.1 Product launches/Developments 272
14.1.9.3.2 Deals 274
14.1.10 ABB 275
14.1.10.1 Business overview 275
14.1.10.2 Products/Solutions/Services offered 276
14.1.10.3 Recent developments 277
14.1.10.3.1 Product launches/Developments 277
14.1.10.3.2 Deals 278
14.2 OTHER PLAYERS 279
14.2.1 SAMSUNG 279
14.2.2 SONY CORPORATION 280
14.2.3 TRANE TECHNOLOGIES PLC 281
14.2.4 GIRA 281
14.2.5 AIRTHINGS 282
14.2.6 LOXONE ELECTRONICS GMBH 282
14.2.7 DELTA INTELLIGENT BUILDING TECHNOLOGIES (CANADA) INC. 283
14.2.8 SNAP ONE, LLC. 284
14.2.9 AXIS COMMUNICATIONS AB 285
14.2.10 COMCAST 286
14.2.11 ALARM.COM 287
14.2.12 VIVINT, INC. 288
14.2.13 SIMPLISAFE, INC. 289
14.2.14 GENERAL ELECTRIC COMPANY 290
14.2.15 NUKI HOME SOLUTIONS 291
14.2.16 LG ELECTRONICS 292
14.2.17 LUTRON ELECTRONICS CO., INC 293
14.2.18 LEGRAND 294
15 APPENDIX 295
15.1 INSIGHTS FROM INDUSTRY EXPERTS 295
15.2 DISCUSSION GUIDE 296
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 299
15.4 CUSTOMIZATION OPTIONS 301
15.5 RELATED REPORTS 301
15.6 AUTHOR DETAILS 302
LIST OF TABLES
TABLE 1 EUROPEAN SMART HOME MARKET: GROWTH FORECAST ASSUMPTIONS 39
TABLE 2 EUROPEAN SMART HOME MARKET: RESEARCH ASSUMPTIONS 44
TABLE 3 EUROPEAN SMART HOME MARKET: RISK ASSESSMENT 45
TABLE 4 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROL SYSTEMS 54
TABLE 5 AVERAGE SELLING PRICING TREND OF SMART LOCKS OFFERED BY KEY PLAYERS, 2020–2023 (USD) 63
TABLE 6 ROLE OF COMPANIES IN SMART HOME ECOSYSTEM 67
TABLE 7 LIST OF MAJOR PATENTS, 2022–2023 71
TABLE 8 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY,
2019–2023 (USD MILLION) 75
TABLE 9 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY,
2019–2023 (USD MILLION) 77
TABLE 10 LIST OF CONFERENCES AND EVENTS, 2024–2025 77
TABLE 11 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED
BY GERMANY, 2023 80
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 80
TABLE 13 PORTER’S FIVE FORCES’ IMPACT ON EUROPEAN SMART HOME MARKET 84
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SALES CHANNELS 87
TABLE 15 KEY BUYING CRITERIA, BY SALES CHANNEL 88
TABLE 16 EUROPEAN SMART HOME MARKET, BY PROTOCOL, 2020–2023 (USD MILLION) 92
TABLE 17 EUROPEAN SMART HOME MARKET, BY PROTOCOL, 2024–2029 (USD MILLION) 92
TABLE 18 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL,
2020–2023 (USD MILLION) 103
TABLE 19 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL,
2024–2029 (USD MILLION) 103
TABLE 20 EUROPEAN SMART HOME MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 107
TABLE 21 EUROPEAN SMART HOME MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 107
TABLE 22 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2023 (USD MILLION UNITS) 108
TABLE 23 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2024–2029 (USD MILLION UNITS) 108
TABLE 24 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 109
TABLE 25 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 110
TABLE 26 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 110
TABLE 27 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 110
TABLE 28 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 111
TABLE 29 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 111
TABLE 30 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 112
TABLE 31 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 113
TABLE 32 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 113
TABLE 33 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 114
TABLE 34 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 114
TABLE 35 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 115
TABLE 36 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 115
TABLE 37 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 116
TABLE 38 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 116
TABLE 39 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 117
TABLE 40 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 117
TABLE 41 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 118
TABLE 42 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION) 118
TABLE 43 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE, 2024–2029 (USD MILLION) 119
TABLE 44 SECURITY & ACCESS CONTROL: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 119
TABLE 45 SECURITY & ACCESS CONTROL: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 119
TABLE 46 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 120
TABLE 47 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 121
TABLE 48 ACCESS CONTROL: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 121
TABLE 49 ACCESS CONTROL: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 122
TABLE 50 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 125
TABLE 51 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 125
TABLE 52 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 125
TABLE 53 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 126
TABLE 54 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 127
TABLE 55 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 127
TABLE 56 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 128
TABLE 57 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 128
TABLE 58 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 129
TABLE 59 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 129
TABLE 60 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 130
TABLE 61 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 130
TABLE 62 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 131
TABLE 63 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 131
TABLE 64 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 132
TABLE 65 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 132
TABLE 66 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 133
TABLE 67 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 133
TABLE 68 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 134
TABLE 69 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 134
TABLE 70 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET,
BY TYPE, 2020–2023 (USD MILLION) 135
TABLE 71 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET,
BY TYPE, 2024–2029 (USD MILLION) 135
TABLE 72 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 135
TABLE 73 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 136
TABLE 74 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 136
TABLE 75 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 137
TABLE 76 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 137
TABLE 77 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 137
TABLE 78 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (MILLION UNITS) 137
TABLE 79 ENTERTAINMENT CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (MILLION UNITS) 138
TABLE 80 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 139
TABLE 81 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 139
TABLE 82 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 140
TABLE 83 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 140
TABLE 84 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 141
TABLE 85 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 141
TABLE 86 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 141
TABLE 87 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 142
TABLE 88 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (MILLION UNITS) 142
TABLE 89 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (MILLION UNITS) 142
TABLE 90 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 143
TABLE 91 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 143
TABLE 92 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 144
TABLE 93 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 144
TABLE 94 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 145
TABLE 95 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 145
TABLE 96 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 146
TABLE 97 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 146
TABLE 98 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 147
TABLE 99 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 147
TABLE 100 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2020–2023 (USD MILLION) 148
TABLE 101 SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2024–2029 (USD MILLION) 148
TABLE 102 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 148
TABLE 103 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 148
TABLE 104 HOME HEALTHCARE APPLIANCES: EUROPEAN SMART HOME MARKET,
BY TYPE, 2020–2023 (USD MILLION) 149
TABLE 105 HOME HEALTHCARE APPLIANCES: EUROPEAN SMART HOME MARKET,
BY TYPE, 2024–2029 (USD MILLION) 150
TABLE 106 HOME HEALTHCARE APPLIANCES: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 150
TABLE 107 HOME HEALTHCARE APPLIANCES: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 150
TABLE 108 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 151
TABLE 109 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 151
TABLE 110 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 153
TABLE 111 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 154
TABLE 112 SMART KITCHEN APPLIANCES: EUROPEAN SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION) 154
TABLE 113 SMART KITCHEN APPLIANCES: SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 155
TABLE 114 SMART KITCHEN APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 155
TABLE 115 SMART KITCHEN APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 155
TABLE 116 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 156
TABLE 117 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 156
TABLE 118 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 157
TABLE 119 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 157
TABLE 120 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 158
TABLE 121 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 158
TABLE 122 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 159
TABLE 123 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 159
TABLE 124 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 160
TABLE 125 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 160
TABLE 126 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 161
TABLE 127 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 161
TABLE 128 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 162
TABLE 129 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 162
TABLE 130 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 163
TABLE 131 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 163
TABLE 132 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 163
TABLE 133 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 164
TABLE 134 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 164
TABLE 135 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 165
TABLE 136 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 165
TABLE 137 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 166
TABLE 138 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 166
TABLE 139 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 167
TABLE 140 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 167
TABLE 141 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 168
TABLE 142 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY TYPE,
2020–2023 (USD MILLION) 168
TABLE 143 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY TYPE,
2024–2029 (USD MILLION) 169
TABLE 144 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 169
TABLE 145 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 169
TABLE 146 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 170
TABLE 147 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 170
TABLE 148 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 171
TABLE 149 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 171
TABLE 150 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 172
TABLE 151 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 172
TABLE 152 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 173
TABLE 153 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 173
TABLE 154 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 174
TABLE 155 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 174
TABLE 156 EUROPEAN SMART HOME MARKET, BY SYSTEM TYPE, 2020–2023 (USD MILLION) 177
TABLE 157 EUROPEAN SMART HOME MARKET, BY SYSTEM TYPE, 2024–2029 (USD MILLION) 177
TABLE 158 EUROPEAN SMART HOME MARKET, BY INSTALLATION TYPE,
2020–2023 (USD MILLION) 180
TABLE 159 EUROPEAN SMART HOME MARKET, BY INSTALLATION TYPE,
2024–2029 (USD MILLION) 180
TABLE 160 EUROPEAN SMART HOME MARKET, BY RESIDENCE TYPE,
2020–2023 (USD MILLION) 183
TABLE 161 EUROPEAN SMART HOME MARKET, BY RESIDENCE TYPE,
2024–2029 (USD MILLION) 183
TABLE 162 EUROPEAN SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 188
TABLE 163 EUROPEAN SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 189
TABLE 164 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 190
TABLE 165 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 190
TABLE 166 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2023 (USD MILLION) 192
TABLE 167 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2024–2029 (USD MILLION) 192
TABLE 168 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2023 (USD MILLION) 193
TABLE 169 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2024–2029 (USD MILLION) 194
TABLE 170 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2023 (USD MILLION) 195
TABLE 171 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2024–2029 (USD MILLION) 195
TABLE 172 REST OF EUROPE : EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2023 (USD MILLION) 196
TABLE 173 REST OF EUROPE: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2024–2029 (USD MILLION) 197
TABLE 174 SMART CONTROLS/HUBS/PLATFORMS IN EUROPE 197
TABLE 175 EUROPEAN SMART HOME MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2020–2024 198
TABLE 176 EUROPEAN SMART HOME MARKET: DEGREE OF COMPETITION, 2023 201
TABLE 177 EUROPEAN SMART HOME MARKET: COUNTRY FOOTPRINT 208
TABLE 178 EUROPEAN SMART HOME MARKET: PRODUCT FOOTPRINT 209
TABLE 179 EUROPEAN SMART HOME MARKET: SYSTEM TYPE FOOTPRINT 210
TABLE 180 EUROPEAN SMART HOME MARKET: SALES CHANNEL FOOTPRINT 211
TABLE 181 EUROPEAN SMART HOME MARKET: INSTALLATION TYPE FOOTPRINT 212
TABLE 182 EUROPEAN SMART HOME MARKET: DETAILED LIST OF KEY STARTUPS/SMES 215
TABLE 183 EUROPEAN SMART HOME MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES 215
TABLE 184 EUROPEAN SMART HOME MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2020–JUNE 2024 216
TABLE 185 EUROPEAN SMART HOME MARKET: DEALS, JANUARY 2020–JUNE 2024 218
TABLE 186 EUROPEAN SMART HOME MARKET: OTHER DEVELOPMENTS,
JANUARY 2020–JUNE 2024 219
TABLE 187 JOHNSON CONTROLS: COMPANY OVERVIEW 220
TABLE 188 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221
TABLE 189 JOHNSON CONTROLS: PRODUCT LAUNCHES/DEVELOPMENTS 223
TABLE 190 JOHNSON CONTROLS: DEALS 223
TABLE 191 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 225
TABLE 192 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 193 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES/DEVELOPMENTS 227
TABLE 194 SCHNEIDER ELECTRIC: DEALS 228
TABLE 195 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 231
TABLE 196 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
TABLE 197 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS 233
TABLE 198 HONEYWELL INTERNATIONAL INC.: DEALS 234
TABLE 199 ASSA ABLOY: COMPANY OVERVIEW 237
TABLE 200 ASSA ABLOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 201 ASSA ABLOY: PRODUCT LAUNCHES/DEVELOPMENTS 240
TABLE 202 ASSA ABLOY: DEALS 240
TABLE 203 SIEMENS: COMPANY OVERVIEW 244
TABLE 204 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 205 SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS 246
TABLE 206 SIEMENS: DEALS 249
TABLE 207 SIEMENS: OTHER DEVELOPMENTS 251
TABLE 208 AMAZON.COM, INC.: COMPANY OVERVIEW 253
TABLE 209 AMAZON.COM, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 210 AMAZON.COM, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 255
TABLE 211 AMAZON.COM, INC.: DEALS 257
TABLE 212 APPLE INC.: COMPANY OVERVIEW 258
TABLE 213 APPLE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 259
TABLE 214 APPLE INC.: PRODUCT LAUNCHES/DEVELOPMENTS 261
TABLE 215 APPLE INC.: DEALS 262
TABLE 216 RESIDEO TECHNOLOGIES INC.: COMPANY OVERVIEW 263
TABLE 217 RESIDEO TECHNOLOGIES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
TABLE 218 RESIDEO TECHNOLOGIES INC.: PRODUCT LAUNCHES/DEVELOPMENTS 266
TABLE 219 RESIDEO TECHNOLOGIES INC.: DEALS 267
TABLE 220 RESIDEO TECHNOLOGIES INC.: OTHER DEVELOPMENTS 269
TABLE 221 ROBERT BOSCH GMBH: COMPANY OVERVIEW 270
TABLE 222 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 223 ROBERT BOSCH GMBH: PRODUCT LAUNCHES/DEVELOPMENTS 272
TABLE 224 ROBERT BOSCH GMBH: DEALS 274
TABLE 225 ABB: COMPANY OVERVIEW 275
TABLE 226 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 227 ABB: PRODUCT LAUNCHES/DEVELOPMENTS 277
TABLE 228 ABB: DEALS 278
LIST OF FIGURES
FIGURE 1 EUROPEAN SMART HOME MARKET SEGMENTATION AND REGIONAL SCOPE 28
FIGURE 2 EUROPEAN SMART HOME MARKET: RESEARCH DESIGN 32
FIGURE 3 EUROPEAN SMART HOME MARKET: RESEARCH APPROACH 34
FIGURE 4 EUROPEAN SMART HOME MARKET: SUPPLY-SIDE ANALYSIS 38
FIGURE 5 REVENUE GENERATED FROM SALES OF SMART HOME SOLUTIONS 38
FIGURE 6 EUROPEAN SMART HOME MARKET: BOTTOM-UP APPROACH 41
FIGURE 7 EUROPEAN SMART HOME MARKET: TOP-DOWN APPROACH 42
FIGURE 8 DATA TRIANGULATION METHODOLOGY 43
FIGURE 9 EUROPEAN SMART HOME MARKET, 2020–2029 46
FIGURE 10 OCCUPANCY SENSORS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 47
FIGURE 11 MULTI-FAMILY RESIDENCE SEGMENT TO RECORD HIGHER CAGR
DURING FORECAST PERIOD 47
FIGURE 12 SMART KITCHEN APPLIANCES SEGMENT TO RECORD HIGHEST
CAGR DURING FORECAST PERIOD 48
FIGURE 13 GROWING NEED FOR ENERGY-SAVING AND LOW CARBON EMISSION-ORIENTED SOLUTIONS TO DRIVE MARKET 49
FIGURE 14 DAMPERS SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 15 ACCESS CONTROL SEGMENT TO REGISTER HIGHEST CAGR DURING
FORECAST PERIOD 50
FIGURE 16 SMART DISHWASHERS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 51
FIGURE 17 SMART WASHERS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 51
FIGURE 18 GERMANY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 52
FIGURE 19 EUROPEAN SMART HOME MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 53
FIGURE 20 EUROPEAN SMART HOME MARKET: IMPACT ANALYSIS OF DRIVERS 54
FIGURE 21 EUROPEAN SMART HOME MARKET: IMPACT ANALYSIS OF RESTRAINTS 56
FIGURE 22 EUROPEAN SMART HOME MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 58
FIGURE 23 EUROPEAN SMART HOME MARKET: IMPACT ANALYSIS OF CHALLENGES 60
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 25 AVERAGE SELLING PRICE OF SMART LOCKS OFFERED BY KEY PLAYERS, 2023 63
FIGURE 26 AVERAGE SELLING PRICE TREND OF SMART LOCKS, 2020–2023 64
FIGURE 27 AVERAGE SELLING PRICE TREND OF LIGHTING CONTROL PRODUCTS FOR EUROPEAN COUNTRIES, 2020–2023 64
FIGURE 28 EUROPEAN SMART HOME MARKET: VALUE CHAIN ANALYSIS 65
FIGURE 29 ECOSYSTEM ANALYSIS 67
FIGURE 30 INVESTMENT AND FUNDING SCENARIO, 2023 68
FIGURE 31 PATENTS APPLIED AND GRANTED, 2013–2023 73
FIGURE 32 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY,
2019–2023 74
FIGURE 33 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY,
2019–2023 76
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS: EUROPEAN SMART HOME MARKET 85
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SALES CHANNELS 87
FIGURE 36 KEY BUYING CRITERIA FOR SALES CHANNELS 88
FIGURE 37 IMPACT OF AI/GENERATIVE AI ON EUROPEAN SMART HOME MARKET 89
FIGURE 38 WIRED SEGMENT TO CLAIM LARGER MARKET SHARE IN 2024 91
FIGURE 39 WIRING FOR DALI FLUORESCENT DIMMING 93
FIGURE 40 LONWORKS NETWORK SETUP 95
FIGURE 41 TYPES OF WIRELESS COMMUNICATION TECHNOLOGIES 97
FIGURE 42 INDIRECT SALES SEGMENT TO HOLD LARGER MARKET SHARE IN 2024 103
FIGURE 43 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 106
FIGURE 44 BEHAVIORAL SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2029 176
FIGURE 45 NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE
IN 2024 180
FIGURE 46 MULTI-FAMILY RESIDENCE SEGMENT TO SECURE LARGER MARKET SHARE
IN 2024 183
FIGURE 47 EUROPE: SMART HOME MARKET SNAPSHOT 188
FIGURE 48 MARKET SHARE ANALYSIS OF EUROPEAN PLAYERS OFFERING
SMART HOME SOLUTIONS, 2023 201
FIGURE 49 EUROPEAN SMART HOME MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2023 202
FIGURE 50 COMPANY VALUATION, 2024 203
FIGURE 51 FINANCIAL METRICS (EV/EBITDA), 2024 203
FIGURE 52 BRAND COMPARISON 204
FIGURE 53 EUROPEAN SMART HOME MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 206
FIGURE 54 EUROPEAN SMART HOME MARKET: COMPANY FOOTPRINT 207
FIGURE 55 EUROPEAN SMART HOME MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 214
FIGURE 56 JOHNSON CONTROLS: COMPANY SNAPSHOT 221
FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 226
FIGURE 58 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 232
FIGURE 59 ASSA ABLOY: COMPANY SNAPSHOT 238
FIGURE 60 SIEMENS: COMPANY SNAPSHOT 245
FIGURE 61 AMAZON.COM, INC.: COMPANY SNAPSHOT 254
FIGURE 62 APPLE INC.: COMPANY SNAPSHOT 259
FIGURE 63 RESIDEO TECHNOLOGIES INC.: COMPANY SNAPSHOT 264
FIGURE 64 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 271
FIGURE 65 ABB: COMPANY SNAPSHOT 276
