Smart Home Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global smart home market size is projected to reach USD 622.59 billion by 2028, there by exhibiting a CAGR of 29.3% during the forecast period. A smart home is a residence that uses devices connected to the Internet to enable remote monitoring and management of household appliances and systems such as lighting and heating.Smart home and smart building technology, also known as home automation or domotic, often provides home owners security, comfort, convenience and energy efficiency by allowing them to control smart devices through smart home apps smartphones or other networked devices. Smart home systems and devices that are part of the Internet of Things often work together to share consumer usage data and automate tasks based on homeowners ‘ preferences.

 

Key Players

• Honeywell
• ADT
• Johnson Controls
• Siemens
• UTC
• Schneider
• Ingersoll Rand
• Azbil
• General Electric
• Eaton

 

By Type

 

• Energy Management Systems
• Security and Access Control
• Lighting Control
• Home Appliances Control
• Entertainment Control

 

By Application

 

• Commercial Buildings
• Residential Buildings
• Government Buildings

 

Scope of the Report

The research study analyzes the global Smart Home market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Home market Report

Key Questions Answered by Smart Home market Report

 

1. What was the Smart Home market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

 

2. What will be the CAGR of the Smart Home market during the forecast period (2022-2028)?

 

3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).

 

4. Which manufacturer/vendor/players in the Smart Home market was the market leader in 2021?

 

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.