The Europe Smart Home Services Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
Smart home automation refers to any collection of devices, systems, or appliances that are connected to a single network and may function autonomously and remotely. A linked home is a broader phrase for a house's technology when it operates as a unified system. As an example, the home's thermostat, lights, audio speakers, security cameras, TVs, locks, and appliances are all integrated into a unified system that can be controlled by a smartphone or mobile touchscreen device. Smart home automation offers users access to previously impossible levels of high-tech utility and aesthetics. As technology development continues, the potential for smart home automation to improve the quality of life for customers will increase.
Home automation refers to the automated and electronic control of a home's operations, activities, and equipment. It implies that customers may simply handle the home's appliances and functions online, therefore increasing convenience, enhancing security, and reducing family expenditures. Over the Internet, a network of communication, hardware, and electronic interfaces known as home automation link ordinary gadgets. Whether the user is at home or away, they may operate any device with a smartphone or tablet, since they are all equipped with sensors and Wi-Fi connectivity. It enables users to control a variety of operations, including turning on the lights, locking the door, and adjusting the temperature in their house.
Europe is implementing a variety of steps to improve the region's energy efficiency. Due to the region's high energy consumption, European governments and residents are emphasizing energy conservation. Energy efficiency underpins both the transition to a resource-efficient economy and the EU's Europe 2020 Strategy for sustainable, intelligent, and equitable growth. Energy efficiency is one of the most cost-effective approaches to boosting energy supply security, reducing greenhouse gas emissions, and reducing other pollutant emissions. Europe's primary energy source is typically characterized by its energy efficiency. To meet its long-term energy and climate objectives, the Union aimed to reduce its primary energy consumption by 20% by 2020. This objective was reiterated in the Commission's Energy 2020 Communication.
The Germany market dominated the Europe Smart Home Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $710.1 million by 2028. The UK market is showcasing a CAGR of 8.8% during (2022 - 2028). Additionally, The France market would register a CAGR of 10.5% during (2022 - 2028).
Based on Type, the market is segmented into IoT Services for Smart Appliances, IoT Services for Control & Connectivity Devices and IoT Services for Security & Surveillance Equipment. 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 Services Market will Hit $10.9 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Lumen Technologies, Inc., Comcast Corporation, Charter Communications, Inc., Telus International (Telus Communications Inc.), Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), Trane Technologies PLC, Rexel Group, and Calix, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- IoT Services for Smart Appliances
- IoT Services for Control & Connectivity Devices
- IoT Services for Security & Surveillance Equipment
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Lumen Technologies, Inc.
- Comcast Corporation
- Charter Communications, Inc.
- Telus International (Telus Communications Inc.)
- Vivint Smart Home, Inc.
- ADT, Inc. (Apollo Global Management, Inc.)
- Trane Technologies PLC
- Rexel Group
- Calix, 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 Services Market, by Type
1.4.2 Europe Smart Home Services 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 & Scenarios
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
3.2.4 Geographical Expansions
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 : 2018, Jan – 2022, Aug) Leading Players
Chapter 4. Europe Smart Home Services Market by Type
4.1 Europe IoT Services for Smart Appliances Market by Country
4.2 Europe IoT Services for Control & Connectivity Devices Market by Country
4.3 Europe IoT Services for Security & Surveillance Equipment Market by Country
Chapter 5. Europe Smart Home Services Market by Country
5.1 Germany Smart Home Services Market
5.1.1 Germany Smart Home Services Market by Type
5.2 UK Smart Home Services Market
5.2.1 UK Smart Home Services Market by Type
5.3 France Smart Home Services Market
5.3.1 France Smart Home Services Market by Type
5.4 Russia Smart Home Services Market
5.4.1 Russia Smart Home Services Market by Type
5.5 Spain Smart Home Services Market
5.5.1 Spain Smart Home Services Market by Type
5.6 Italy Smart Home Services Market
5.6.1 Italy Smart Home Services Market by Type
5.7 Rest of Europe Smart Home Services Market
5.7.1 Rest of Europe Smart Home Services Market by Type
Chapter 6. Company Profiles
6.1 Johnson Controls International PLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental & Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 Lumen Technologies, 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 Partnerships, Collaborations, and Agreements:
6.3 Comcast Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.4.2 Product Launches and Product Expansions:
6.4 Charter Communications, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.5 Telus International (Telus Communications Inc.)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.4.2 Product Launches and Product Expansions:
6.5.4.3 Acquisition and Mergers:
6.6 Vivint Smart Home, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Recent strategies and developments:
6.6.4.1 Partnerships, Collaborations, and Agreements:
6.6.4.2 Product Launches and Product Expansions:
6.7 ADT, Inc. (Apollo Global Management, Inc.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers:
6.8 Trane Technologies PLC
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:
6.9 Rexel Group
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental Analysis
6.9.4 Recent strategies and developments:
6.9.4.1 Product Launches and Product Expansions:
6.9.4.2 Acquisition and Mergers:
6.9.4.3 Geographical Expansions:
6.10. Calix, Inc.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
6.10.5.2 Product Launches and Product Expansions:
TABLE 1 Europe Smart Home Services Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Home Services Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Services Market
TABLE 4 Product Launches And Product Expansions– Smart Home Services Market
TABLE 5 Acquisition and Mergers– Smart Home Services Market
TABLE 6 Geographical Expansions – Smart Home Services Market
TABLE 7 Europe Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 8 Europe Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 9 Europe IoT Services for Smart Appliances Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe IoT Services for Smart Appliances Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe IoT Services for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe IoT Services for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe IoT Services for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe IoT Services for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Smart Home Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Smart Home Services Market by Country, 2022 - 2028, USD Million
TABLE 17 Germany Smart Home Services Market, 2018 - 2021, USD Million
TABLE 18 Germany Smart Home Services Market, 2022 - 2028, USD Million
TABLE 19 Germany Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 20 Germany Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 21 UK Smart Home Services Market, 2018 - 2021, USD Million
TABLE 22 UK Smart Home Services Market, 2022 - 2028, USD Million
TABLE 23 UK Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 24 UK Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 25 France Smart Home Services Market, 2018 - 2021, USD Million
TABLE 26 France Smart Home Services Market, 2022 - 2028, USD Million
TABLE 27 France Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 28 France Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 29 Russia Smart Home Services Market, 2018 - 2021, USD Million
TABLE 30 Russia Smart Home Services Market, 2022 - 2028, USD Million
TABLE 31 Russia Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 32 Russia Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 33 Spain Smart Home Services Market, 2018 - 2021, USD Million
TABLE 34 Spain Smart Home Services Market, 2022 - 2028, USD Million
TABLE 35 Spain Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 36 Spain Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 37 Italy Smart Home Services Market, 2018 - 2021, USD Million
TABLE 38 Italy Smart Home Services Market, 2022 - 2028, USD Million
TABLE 39 Italy Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 40 Italy Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 41 Rest of Europe Smart Home Services Market, 2018 - 2021, USD Million
TABLE 42 Rest of Europe Smart Home Services Market, 2022 - 2028, USD Million
TABLE 43 Rest of Europe Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 44 Rest of Europe Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 45 Key Information – Johnson Controls International PLC
TABLE 46 Key Information – Lumen Technologies, Inc.
TABLE 47 key information – Comcast Corporation
TABLE 48 key information – Charter Communications, Inc.
TABLE 49 Key Information – Telus International
TABLE 50 Key information –Vivint Smart Home, Inc.
TABLE 51 key Information – ADT, Inc.
TABLE 52 Key Information – Trane Technologies PLC
TABLE 53 Key Information – Rexel Group
TABLE 54 Key Information – Calix, Inc.
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 : 2018, Jan – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Comcast Corporation
FIG 7 Recent strategies and developments: Telus International
FIG 8 Recent strategies and developments: Vivint Smart Home, Inc.
FIG 9 Recent strategies and developments: ADT, Inc.
FIG 10 Recent strategies and developments: Rexel Group
FIG 11 Recent strategies and developments: Calix, Inc.