The Europe Smart Home Hardware Market would witness market growth of 12.2% CAGR during the forecast period (2022-2028).
Connectivity has two purposes. For starters, it enables data transmission among the product and its operational environment, as well as between the product's producer, consumers, and other systems and products. Second, connectivity allows some product functionalities to reside outside of the physical device, in the so-called product cloud. In Bose's new Wi-Fi system, for instance, a smartphone application operating in the product cloud sends music from the internet to the system. All three kinds of connectivity are required to reach great levels of functionality.
All manufacturing sectors are seeing the rise of smart, connected products. For example, ABB's smart grid technology in the energy sector allows utilities to evaluate massive volumes of real-time data throughout a broad array of generating, converting, and distribution equipment, like temperature variations in secondary substations and transformers. It notifies utility control centers of potential overload circumstances, allowing for modifications that can avoid blackouts before it happen. Home automation is a network of communication, hardware, and electronic interfaces that operate together over the Internet to connect daily things. Each item contains sensors and is connected to the internet via WiFi, allowing the user to control it from anywhere in the world using the tablet or smartphone.
People in the Europe region have shown a huge demand and signs of popularity for smart home hardware systems and reasons behind this popularity is the awareness of smart technologies like the internet of things, etc. The Commission's vision for the electrical market which strives to create a fresh deal for consumers, smart homes and networks, data management and protection. Throughout the EU, a broad array of publicly supported programs are aimed at involving consumers in the vision. Clear assumptions that families want to play a more active part in the energy system underpin the EU's strategic aims for a smart home future. From a policy standpoint, smart homes are allowing technologies that allow homeowners to control and handle their energy usage at home. As a result, smart houses are viewed as an important component of a future energy-efficient system, assisting to lower overall demand while also reducing supply limitations during peak load hours.
The Germany market dominated the Europe Smart Home Hardware Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,130.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 11.2% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 13% during (2022 - 2028).
Based on Product, the market is segmented into IoT Hardware for Control & Connectivity Devices, IoT Hardware for Security & Surveillance Equipment, and IoT Hardware for Smart Appliances. 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 Hardware Market Size will Hit $48 Billion by 2028, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon.com, Inc., Schneider Electric SE, Honeywell International, Inc., ABB (ASEA Brown Boveri) Group, Johnson Controls International PLC, Panasonic Corporation, Legrand S.A., Samsung Electronics Co. Ltd., and General Electric (GE) Co.
Scope of the Study
Market Segments Covered in the Report:
By Product
- IoT Hardware for Control & Connectivity Devices
- IoT Hardware for Security & Surveillance Equipment
- IoT Hardware for Smart Appliances
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon.com, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- ABB (ASEA Brown Boveri) Group
- Johnson Controls International PLC
- Panasonic Corporation
- Legrand S.A.
- Samsung Electronics Co. Ltd.
- General Electric (GE) Co.
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 Hardware Market, by Product
1.4.2 Europe Smart Home Hardware 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 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
Chapter 4. Europe Smart Home Hardware Market by Product
4.1 Europe IoT Hardware for Control & Connectivity Devices Market by Country
4.2 Europe IoT Hardware for Security & Surveillance Equipment Market by Country
4.3 Europe IoT Hardware for Smart Appliances Market by Country
Chapter 5. Europe Smart Home Hardware Market by Country
5.1 Germany Smart Home Hardware Market
5.1.1 Germany Smart Home Hardware Market by Product
5.2 UK Smart Home Hardware Market
5.2.1 UK Smart Home Hardware Market by Product
5.3 France Smart Home Hardware Market
5.3.1 France Smart Home Hardware Market by Product
5.4 Russia Smart Home Hardware Market
5.4.1 Russia Smart Home Hardware Market by Product
5.5 Spain Smart Home Hardware Market
5.5.1 Spain Smart Home Hardware Market by Product
5.6 Italy Smart Home Hardware Market
5.6.1 Italy Smart Home Hardware Market by Product
5.7 Rest of Europe Smart Home Hardware Market
5.7.1 Rest of Europe Smart Home Hardware Market by Product
Chapter 6. Company Profiles
6.1 Google LLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.6 SWOT Analysis
6.2 Amazon.com, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Product Launches and Product Expansions:
6.2.4.2 Acquisition and Mergers:
6.2.5 SWOT Analysis
6.3 Schneider Electric SE
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.3.6 SWOT Analysis
6.4 Honeywell International, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 ABB Group
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.5.6 SWOT Analysis
6.6 Johnson Controls International PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.5.2 Acquisition and Mergers:
6.7 Panasonic Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent Strategies and Development
6.7.5.1 Product Launches and Product Expansions:
6.7.6 SWOT Analysis
6.8 Legrand S.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent Strategies and Developments
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Acquisitions and Mergers:
6.9 Samsung Electronics Co. Ltd.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.6 SWOT Analysis
6.10. General Electric (GE) Co.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent Strategies and Developments
6.10.5.1 Partnerships, Collaborations and Agreements:
6.10.6 SWOT Analysis
TABLE 1 Europe Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Hardware Market
TABLE 4 Product Launches And Product Expansions– Smart Home Hardware Market
TABLE 5 Acquisition and Mergers– Smart Home Hardware Market
TABLE 6 Europe Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 7 Europe Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 8 Europe IoT Hardware for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe IoT Hardware for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe IoT Hardware for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe IoT Hardware for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe IoT Hardware for Smart Appliances Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe IoT Hardware for Smart Appliances Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Smart Home Hardware Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Smart Home Hardware Market by Country, 2022 - 2028, USD Million
TABLE 16 Germany Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 17 Germany Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 18 Germany Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 19 Germany Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 20 UK Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 21 UK Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 22 UK Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 23 UK Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 24 France Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 25 France Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 26 France Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 27 France Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 28 Russia Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 29 Russia Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 30 Russia Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 31 Russia Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 32 Spain Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 33 Spain Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 34 Spain Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 35 Spain Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 36 Italy Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 37 Italy Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 38 Italy Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 39 Italy Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 40 Rest of Europe Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 41 Rest of Europe Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 42 Rest of Europe Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 43 Rest of Europe Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 44 Key Information – Google LLC
TABLE 45 Key Information – Amazon.com, Inc.
TABLE 46 Key Information – SCHNEIDER ELECTRIC SE
TABLE 47 Key Information – Honeywell International, Inc.
TABLE 48 Key Information – ABB Group
TABLE 49 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 50 Key Information – Panasonic Corporation
TABLE 51 key Information – Legrand S.A.
TABLE 52 Key Information – Samsung Electronics Co. Ltd.
TABLE 53 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
FIG 5 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 6 Recent strategies and developments: Amazon.com, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Swot analysis: Honeywell international, inc.
FIG 11 Recent strategies and developments: ABB Group
FIG 12 SWOT Analysis: ABB Group
FIG 13 Recent strategies and developments: Johnson Controls International PLC
FIG 14 SWOT Analysis: Panasonic Corporation
FIG 15 Recent strategies and developments: Legrand S.A.
FIG 16 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 17 Swot analysis: General electric (GE) Co.