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Smart Home Market – Trends Forecast Till 2030

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The Smart Home Market size was estimated at USD 96.16 billion in 2023 and is projected to reach USD 342.37 billion in 2030 at a CAGR of 19.89% during the forecast period 2023-2030. – PowerPoint PPT presentation

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Title: Smart Home Market – Trends Forecast Till 2030


1
Smart Home Market 2030 Forecast USD 342.37
Billion at 19.89 CAGR
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2
Smart Home Market Trends Forecast Till 2030
Smart Home Market, by Products (lighting control,
security access controls, entertainment
devices, hvac, smart kitchen appliances, home
appliances, smart furniture, home healthcare,
other devices), By Application (new construction,
retrofit), By Protocols (wireless, wired,
hybrid), and region (North America, Europe,
Asia-Pacific, Middle East and Africa and South
America).
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3
Market Overview
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4
Smart Home Market Overview
  • The Smart Home Market size was estimated at USD
    96.16 billion in 2023 and is projected to reach
    USD 342.37 billion in 2030 at a CAGR of 19.89
    during the forecast period 2023-2030.
  • A smart home is one that has several systems and
    technologies incorporated into it that allow its
    owners to control various aspects of the
    property. Smart houses may have features like
    locks that can be opened by pressing a button,
    lights that turn on when you enter the room, and
    thermostats that adjust the temperature based on
    your preferences. Even home security or energy
    consumption may be tracked by some smart home
    devices. The simplicity and security of
    automating house systems are two of the most
    obvious advantages of installing a smart home
    system. A smart house allows for smartphone-based
    direct management of lights, locks, thermostats,
    and security systems.

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5
Delvens Industry Expert's Standpoint
  • The Smart Home Market is expected to grow during
    the forecast period. This growth can be
    attributed to several factors. The ability to
    control smart devices using voice commands has
    been made feasible by the rise of digital
    assistants like Alexa and Siri. The desire for
    smart home goods is fuelled by the new
    functionalities of these digital assistants, such
    as Bluetooth speaker control. Customers
    appreciate customized products because they are
    more practical and provide a superior user
    experience. The internet of things (IoT),
    artificial intelligence (AI), and other modern
    technologies are being adopted quickly, which has
    a big influence on market growth. The market for
    smart homes has expanded as a result of a rise in
    IoT adoption rates in both developed and
    developing countries. However, it is expensive
    because of the use of cutting-edge technology,
    engineering, manufacturing, and the setup or
    installation costs of smart home appliances. This
    might hamper the growth of the market during the
    forecast period.

6
Smart Home Market Regional Analysis
  • North America to Dominate the Market
  • North America is estimated to account for the
    largest market share during the forecast period
    because of the such evolving lifestyles, growing
    reliance on smart gadgets, and increased security
    concerns.
  • Moreover, increasing number of regional vendors
    in the smart home industry is expected to drive
    the growth of the market during the forecast
    period.

7
Competitive Landscape
  • ABB Ltd
  • ASSA ABLOY
  • Axis Communications AB
  • Cisco Systems Inc.
  • Control4 Corporation
  • Emerson Electric Co.
  • General Electric Company
  • Google Inc.
  • Honeywell International Inc.
  • IBM Corporation
  • Johnson Controls
  • Legrand SA
  • LG Electronics Inc.
  • Lutron Electronics Co. Inc.
  • Microsoft Corporation
  • Schneider Electric SE
  • Shenzhen Zhuohao Intelligent Electronic
    Development Co. Ltd (ACTOP)
  • Siemens AG
  • Smarthome Inc.
  • United Technologies Corporation

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8
Reasons to Acquire
  • Increase your understanding of the market for
    identifying the most suitable strategies and
    decisions based on sales or revenue fluctuations
    in terms of volume and value, distribution chain
    analysis, market trends, and factors.
  • Gain authentic and granular data access for the
    Smart Home Market to understand the trends and
    the factors involved in changing market
    situations.
  • Qualitative and quantitative data utilization to
    discover arrays of future growth from the market
    trends of leaders to market visionaries and then
    recognize the significant areas to compete in the
    future.
  • In-depth analysis of the changing trends of the
    market by visualizing the historic and forecast
    year growth patterns.

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9
Contact Information
About Us Delvens is a strategic advisory and
consulting company headquartered in New Delhi,
India. The company holds expertise in providing
syndicated research reports, customized research
reports and consulting services. Delvens
qualitative and quantitative data is highly
utilized by each level from niche to major
markets, serving more than 1K prominent companies
by assuring to provide the information on
country, regional and global business
environment. We have a database for more than 45
industries in more than 115 major countries
globally. Contact Us 44-20-8638-5055 sales_at_del
vens.com WEBSITE https//delvens.com/
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