The Europe Smart Home Automation Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
Smart home systems and devices, which are a part of the internet of things, frequently work together in order to share consumer usage data among themselves while also automating activities based on the preferences of the homeowners. User preferences can be accommodated in smart homes for ease. For example, users can set their garage door to open, lights to turn on, fireplace to light, and preferred music to play when they arrive. Additionally, users can increase efficiency using home automation.
A smart home system can learn habits and ensure that the house is cooled down by the time residents get home from work instead of turning on the air conditioning throughout the day. Appliances follow the same rules. The grass would only be watered when necessary and with the precise amount of water required with a smart irrigation system. Smart home automation makes it possible to use energy, water, and other resources more effectively, which helps consumers save both money and natural resources.
Several steps are being taken by Europe to improve the region's energy efficiency. European governments and residents are putting more emphasis on energy conservation as a result of the region's high energy demand. Energy efficiency is at the core of both the shift to a resource-efficient economy as well as the EU's Europe 2020 Strategy for sustainable, smart, and equitable growth. Energy efficiency is one of the most cost-effective strategies to improve the security of the energy supply, reduce greenhouse gas emissions, and lower other pollutant emissions.
The Germany market dominated the Europe Smart Home Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,033.2 million by 2028.The UK market is anticipated to grow at a CAGR of 13.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.6% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Entertainment, Lighting, Security, HVAC & Energy Management, and Smart Kitchen. Based on Technology, the market is segmented into Wireless, Cellular and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Home Automation Market will Hit $187.8 Billion by 2028, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Legrand S.A., Crestron Electronics, Inc., Ingersoll Rand, Inc., and Lutron Electronics Co., Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Application
- Entertainment
- Lighting
- Security
- HVAC & Energy Management
- Smart Kitchen
By Technology
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Schneider Electric SE
- Johnson Controls International PLC
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Legrand S.A.
- Crestron Electronics, Inc.
- Ingersoll Rand, Inc.
- Lutron Electronics Co., Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Home Automation Market, by Component
1.4.2 Europe Smart Home Automation Market, by Application
1.4.3 Europe Smart Home Automation Market, by Technology
1.4.4 Europe Smart Home Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
Chapter 4. Europe Smart Home Automation Market by Component
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Smart Home Automation Market by Application
5.1 Europe Entertainment Market by Country
5.2 Europe Lighting Market by Country
5.3 Europe Security Market by Country
5.4 Europe HVAC & Energy Management Market by Country
5.5 Europe Smart Kitchen Market by Country
Chapter 6. Europe Smart Home Automation Market by Technology
6.1 Europe Wireless Market by Country
6.2 Europe Cellular Market by Country
6.3 Europe Others Market by Country
Chapter 7. Europe Smart Home Automation Market by Country
7.1 Germany Smart Home Automation Market
7.1.1 Germany Smart Home Automation Market by Component
7.1.2 Germany Smart Home Automation Market by Application
7.1.3 Germany Smart Home Automation Market by Technology
7.2 UK Smart Home Automation Market
7.2.1 UK Smart Home Automation Market by Component
7.2.2 UK Smart Home Automation Market by Application
7.2.3 UK Smart Home Automation Market by Technology
7.3 France Smart Home Automation Market
7.3.1 France Smart Home Automation Market by Component
7.3.2 France Smart Home Automation Market by Application
7.3.3 France Smart Home Automation Market by Technology
7.4 Russia Smart Home Automation Market
7.4.1 Russia Smart Home Automation Market by Component
7.4.2 Russia Smart Home Automation Market by Application
7.4.3 Russia Smart Home Automation Market by Technology
7.5 Spain Smart Home Automation Market
7.5.1 Spain Smart Home Automation Market by Component
7.5.2 Spain Smart Home Automation Market by Application
7.5.3 Spain Smart Home Automation Market by Technology
7.6 Italy Smart Home Automation Market
7.6.1 Italy Smart Home Automation Market by Component
7.6.2 Italy Smart Home Automation Market by Application
7.6.3 Italy Smart Home Automation Market by Technology
7.7 Rest of Europe Smart Home Automation Market
7.7.1 Rest of Europe Smart Home Automation Market by Component
7.7.2 Rest of Europe Smart Home Automation Market by Application
7.7.3 Rest of Europe Smart Home Automation Market by Technology
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Leviton Manufacturing Co., Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.7 Legrand S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Crestron Electronics, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Ingersoll Rand, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Lutron Electronics Co., Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 Europe Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Automation Market
TABLE 4 Product Launches And Product Expansions– Smart Home Automation Market
TABLE 5 Acquisition and Mergers– Smart Home Automation Market
TABLE 6 Europe Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 15 Europe Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 16 Europe Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Lighting Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Lighting Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Security Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Security Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe HVAC & Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe HVAC & Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Smart Kitchen Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Smart Kitchen Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 27 Europe Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 28 Europe Wireless Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Wireless Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Cellular Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Cellular Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Smart Home Automation Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Smart Home Automation Market by Country, 2022 - 2028, USD Million
TABLE 36 Germany Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 37 Germany Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 38 Germany Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 39 Germany Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 40 Germany Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 41 Germany Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 42 Germany Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 43 Germany Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 44 UK Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 45 UK Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 46 UK Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 47 UK Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 48 UK Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 49 UK Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 50 UK Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 51 UK Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 52 France Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 53 France Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 54 France Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 55 France Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 56 France Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 57 France Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 58 France Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 59 France Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 60 Russia Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 61 Russia Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 62 Russia Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 63 Russia Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 64 Russia Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 65 Russia Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 66 Russia Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 67 Russia Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 68 Spain Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 69 Spain Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 70 Spain Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 71 Spain Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 72 Spain Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 73 Spain Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 74 Spain Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 75 Spain Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 76 Italy Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 77 Italy Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 78 Italy Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 79 Italy Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 80 Italy Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 81 Italy Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 82 Italy Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 83 Italy Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 84 Rest of Europe Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 85 Rest of Europe Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 86 Rest of Europe Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 87 Rest of Europe Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 88 Rest of Europe Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of Europe Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 90 Rest of Europe Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 91 Rest of Europe Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 92 Key Information – ABB Group
TABLE 93 Key Information – Siemens AG
TABLE 94 Key information – Schneider Electric SE
TABLE 95 Key Information – Johnson Controls International PLC
TABLE 96 Key Information – Honeywell International, Inc.
TABLE 97 Key Information – Leviton Manufacturing Co., Inc.
TABLE 98 key Information – Legrand S.A.
TABLE 99 KEY INFORMATION – Crestron Electronics, Inc.
TABLE 100 Key Information – Ingersoll Rand, Inc.
TABLE 101 Key information- Lutron Electronics Co., Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
FIG 6 Recent strategies and developments: ABB Group
FIG 7 SWOT Analysis: ABB Group
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: Johnson Controls International PLC
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Leviton Manufacturing Co., Inc.