The Europe Smart Home Devices Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).
Media coverage, marketing campaigns, and word-of-mouth recommendations have raised awareness about the potential for automation, energy savings, home security, and convenience smart home technology offers. The shift towards remote work, online learning, and telecommuting has increased time spent at home, driving demand for solutions that enhance comfort, productivity, and connectivity within residential spaces.
Moreover, it offers remote access and control capabilities, allowing users to monitor and manage their homes from anywhere using smartphones or other connected devices.
By contrast, 10% used internet-based energy management technologies, including plug-ins, utility meters, thermostats, and lights. As IoT technology continues to evolve and mature, the market in Europe is poised for further expansion and transformation, offering new opportunities for industry consumers to embrace connected living environments and realize the benefits of IoT-enabled solutions. Therefore, the increasing usage of IoT devices in the region drives the market's growth.
The Germany market dominated the Europe Smart Home Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25,042.6 Million by 2030. The UK market is exhibiting a CAGR of 17.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 19.6% during (2023 - 2030).
Free Valuable Insights: The Global Smart Home Devices Market will Hit USD 399.5 Billion by 2030, at a CAGR of 19.2%
Based on Component, the market is segmented into Solutions, and Services. Based on Type, the market is segmented into Lighting Control, Security & Access Control, Home Appliances, Entertainment & Other Controls, Smart Kitchen, HVAC Control, Smart Furniture, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Component
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