Smart Home Devices Market PESTELE Analysis, Drivers, Restraints, Global Industry Outlook and Key Players Analysis By 2030

The global smart home devices market size reached USD 84.52 Billion in 2021 and is expected to register a revenue CAGR of 10.4% during the forecast period, according to latest analysis by Emergen Research. The incorporation of lighting controllers with in-built data-connectivity technology is an important factor driving market revenue growth.

The report studies the historical data of the Smart Home Devices market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Smart Home Devices industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Smart Home Devices market.

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Competitive Terrain:

The global Smart Home Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

SAMSUNG, LG Electronics, Honeywell International Inc., Koninklijke Philips N.V, Amazon.com, Inc., Robert Bosch GmbH, Apple Inc, Panasonic Holdings Corporation, Sony Corporation

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Overview:

The report bifurcates the Smart Home Devices Market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Product Outlook (Revenue, USD Billion; 2019–2030)

Fire Suppression

Lighting Control

Relays

Occupancy Sensors

Daylight Sensors

Timers

Dimmers

Switches

Accessories and Other Products

Security and Access Control

Video Surveillance

Hardware

Software/Video Analytics

Price Ranges

Access Control

Biometric Access Control

Non-Biometric Access Control

HVAC Control

Smart Thermostats

Sensors

Control Valves

Heating & Cooling Coils

Dampers

Actuators

Pumps & Fans

Smart Vents

Entertainment and Other Controls

Entertainment Control

Other Controls

Smart Speaker

Home Healthcare

Health Status Monitors

Physical Activity Monitors

Smart Kitchen

Smart Refrigerators

Smart Coffee Makers

Smart Kettles

Smart Dish Washers

Smart Ovens

Smart Cooktops

Smart Cookers

Home Appliances

Smart Washers

Smart Dryers

Smart Water Heaters

Smart Vacuum Cleaners

Smart Furniture

Smart Tables

Smart Desks

Smart Stools & Benches

Smart Sofas

Smart Chairs

Price Range Outlook (Revenue, USD Billion; 2019–2030)

Below USD 25 Smart Home Device

USD 25-50 Smart Home Device

Above USD 50 Smart Home Device

Sales Channel Outlook (Revenue, USD Billion; 2019–2030)

Online

Offline

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

Key Objectives of the Report:

Analysis and estimation of the Smart Home Devices Market size and share for the projected period of 2020-2027

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Home Devices Market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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