China Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026

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China Smart Home Market - Overview
The China smart home market is predicted to reach
nearly US 46 Billion by the year 2026. China
offers a lucrative market opportunity for the
Smart home industry. Smart home is a system that
allows home owner to control and monitor
different devices in home including the heating,
lighting, security, and entertainment,
automatically and sometimes remotely via the
Internet. In China, household penetration for
smart home applications is estimated at around 8
in 2019. The favorable policies and the coming
of Internet of Things laid solid foundation for
smart home market in China. Furthermore,
initiatives such as National New-type
Urbanization Plan, Chinas 12th five-year
Development Plan, Smart Cities Projects and Made
in China 2025 strategy, are likely to fuel the
growth of China smart home market. By the end of
2011, half of Chinas population was living in
cities. In 2019, urban population for China
amounted to over 60, creating enormous
opportunity for smart home players. In addition
to country-wide initiatives, large corporations
in China, from technology giants to white goods
manufacturers, are placing big bets on the
Chinese smart home market. Several major Chinese
giants like Baidu, Xiaomi, Alibaba, Haier and
many others have already entered the market for
smart home products.
China - Smart Home Market (Billion US), 2015-2019
Note Dummy Data, Actual figures given in the
report
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China Smart Home Market and Forecast
The growth of smart home market in China is
attributed to factors such as significantly
growing IoT market, government support,
increasing urbanization growing awareness for
smart home technology, and increasing importance
of home monitoring from remote locations. With
the increasing demand of smart home devices,
security and privacy breach is also increasing.
The issues pertaining to privacy and security
breach are restraining the growth of the smart
home market.
China Forecast For Smart Home Market (Billion
US), 2020-2026
Note Dummy Data, Actual figures given in the
report
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China Smart Home Market - By Application Areas
By Application Areas China Smart Home Market
Share (Percent), 2019

• In terms of Smart Home applications, Smart
  Appliances captured maximum share of the China
  smart home market. Smart Appliances are equipped
  with different sensors and designed with
  connectivity features that can connect to
  handheld devices such as smartphones and tablets
  as well as other household appliances.
• Control and Connectivity is the second largest
  application segment of the China smart home
  market, followed by Security applications at the
  third spot. Control and Connectivity is at the
  heart of smart home solutions, enabling
  everything from smart appliances to lighting,
  from temperature control to security.
• Home Entertainment market captured nearly 15
  share of the market in 2019, while the Energy
  Management application captured least share of
  the China smart home market.

By Application Areas Forecast for China Smart
Home Market Share (Percent), 2026
Note Dummy Data, Actual figures given in the
report
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China Smart Home Active Households - By
Application Areas

• On the basis of Smart Home volume, Control and
  Connectivity segment captured highest share of
  the China Smart Home active households in 2019,
  being followed by Home Entertainment segment. The
  growth of home automation and rapid developments
  in wireless smart technology has led to an
  explosion in the range of smart home
  entertainment devices, thus driving the market
  for smart home.
• Comfort and Lighting and Smart Appliances segment
  accounted for third and fourth highest share of
  the China Smart Home active households
  respectively in 2019.
• While, Security application captured least share
  of the Smart Home active households in 2019. With
  improvement in network infrastructure, broadband
  and internet penetration has increased, and
  consumers are increasingly opting for wireless
  and technologically advanced products to ensure
  more security for their families. As the trend
  towards home automation and smart homes grows,
  the market will witness significant growth.

By Application Areas Active Households Market
Share (Percent), 2019
By Application Areas Forecast for Active
Households Market Share (Percent), 2026
Note Dummy Data, Actual figures given in the
report
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iGATE RESEARCH report titled China Smart Home
Market, Number, Household Penetration (by
Application Areas), Funding, Policies, Trends
Key Company Profiles - Forecast to 2026 provides
a comprehensive assessment of the fast-evolving,
high-growth China Smart Home Industry.
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This 182 Page report with 48 Figures and 4 Tables
has been analyzed from 8 viewpoints
1. China Smart Home Market, Volume, Household
Penetration Forecast (2015 - 2026) 2. China
Smart Home Market Share Analysis - By Application
Areas (2015 - 2026) 3. China Smart Home Active
Households Share - By Application Areas (2015 -
2026) 4. China Smart Home Market, Number of
Active Households Households Penetration
By Application Areas (2015 - 2026) 5. China Smart
Home Market Funding 6. China IoT / Smart Homes
Market - Policies, Trends and Standards
Government Role 7. China Smart Home Market - Key
Company Profiles 8. China Smart Home Market -
Growth Drivers and Challenges
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China Smart Home Market - Application Areas
1. Control and Connectivity (Home Automation) 2.
Comfort and Lighting (Home Automation) 3. Home
Entertainment 4. Smart Appliances 5. Energy
Management 6. Security Application
China Smart Home - Key Company Profiles
8. Baidu9. Haier10. China Unicom11. Samsung
Electronics Co., Ltd.12. LG Electronics Inc.13.
IKEA
1. Chuango Security Technology Corp2. HEIMAN
CO., LIMITED3. Sichuan Changhong Electric Co
Ltd4. Hisense Co. Ltd5. Xiaomi Inc6. Alibaba
Group7. JD.com
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Household Penetration Key Company Analysis -
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