Technological advancements have enabled automation of smart homes and buildings, offering superior control over managing energy, better safety and security measures and superior comfort levels. Technological advancements will continue in the future and emerging technologies such as Zigbee will garner a dominant share in the market. Therefore, technological advances are one of the major drivers for smart homes and buildings technology.
The Europe smart, automated and energy efficient homes and buildings market is anticipated to grow at a CAGR of 27.8% during the forecast period. Technological advancements, better safety and security arrangements and development of mobile health for home healthcare are some of the other driving factors for the market. The report highlights the adoption of Smart Homes & Buildings market in Europe.
Based on the Components, the Smart Homes & Buildings Market is segmented into Energy management, Lighting control, Heating, ventilation and air conditioning (HVAC) controls, Appliance and entertainment control, Safety and Security and Home healthcare segments. Based on the connectivity, the Smart Homes & buildings market Bluetooth, Zigbee, Cellular Technology Technology markets. The market is further bifurcated into Government Organizations, Residential Users and Commercial User segments on the basis of the End Users.
Based on the products, the market is segmented into Safety & Security, Controllers, Home Appliance & Entertainment Controllers segments. The Safety & Security Products/Devices Market segment is segmented as Surveillance Cameras, Door Locks, Smoke Detectors & Fire Sprinklers sub-segments. On the basis of type, Controllers segment is further bifurcated Light Sensors, Motion Sensors, CO2 Sensors, Dimmers, Timers and Energy Efficient Lights sub-segments.
Based on the End Users, the Home Appliance & Entertainment Controllers Market is segmented into Thermostats, Thermostats Products/Devices, Remote Controls and Smart Plugs & Energy Monitors sub segment. On the basis of country, the market is further segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Key Players profiled in the report includes Cisco Systems, Control4 Corporation, Leviton Manufacturing Company, Inc, United Technologies Corporation, Emerson Electric Co., Honeywell International, Inc. and Siemens AG, Robert Bosch GmbH.
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