Europe Smart Home Devices Market Size, Share & Trends Analysis Report By Component (Solutions, and Services), By Type, By Country and Growth Forecast, 2023 - 2030
The Europe Smart Home Devices Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).
Media coverage, marketing campaigns, and word-of-mouth recommendations have raised awareness about the potential for automation, energy savings, home security, and convenience smart home technology offers. The shift towards remote work, online learning, and telecommuting has increased time spent at home, driving demand for solutions that enhance comfort, productivity, and connectivity within residential spaces.
Moreover, it offers remote access and control capabilities, allowing users to monitor and manage their homes from anywhere using smartphones or other connected devices.
By contrast, 10% used internet-based energy management technologies, including plug-ins, utility meters, thermostats, and lights. As IoT technology continues to evolve and mature, the market in Europe is poised for further expansion and transformation, offering new opportunities for industry consumers to embrace connected living environments and realize the benefits of IoT-enabled solutions. Therefore, the increasing usage of IoT devices in the region drives the market's growth.
The Germany market dominated the Europe Smart Home Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25,042.6 Million by 2030. The UK market is exhibiting a CAGR of 17.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 19.6% during (2023 - 2030).
Based on Component, the market is segmented into Solutions, and Services. Based on Type, the market is segmented into Lighting Control, Security & Access Control, Home Appliances, Entertainment & Other Controls, Smart Kitchen, HVAC Control, Smart Furniture, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Johnson Controls International PLC
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- Amazon.com, Inc.
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Robert Bosch GmbH
- Raytheon Technologies Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
By Component
- Solutions
- Services
- Lighting Control
- Security & Access Control
- Home Appliances
- Entertainment & Other Controls
- Smart Kitchen
- HVAC Control
- Smart Furniture
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- 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 Devices Market, by Component
- 1.4.2 Europe Smart Home Devices Market, by Type
- 1.4.3 Europe Smart Home Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnership & Collaboration: 2019, Dec – 2024, Feb) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. Europe Smart Home Devices Market, by Component
- 5.1 Europe Solutions Market, by Country
- 5.2 Europe Services Market, by Country
- Chapter 6. Europe Smart Home Devices Market, by Type
- 6.1 Europe Lighting Control Market, by Country
- 6.2 Europe Security & Access Control Market, by Country
- 6.3 Europe Home Appliances Market, by Country
- 6.4 Europe Entertainment & Other Controls Market, by Country
- 6.5 Europe Smart Kitchen Market, by Country
- 6.6 Europe HVAC Control Market, by Country
- 6.7 Europe Smart Furniture Market, by Country
- 6.8 Europe Others Market, by Country
- Chapter 7. Europe Smart Home Devices Market, by Country
- 7.1 Germany Smart Home Devices Market
- 7.1.1 Germany Smart Home Devices Market, by Component
- 7.1.2 Germany Smart Home Devices Market, by Type
- 7.2 UK Smart Home Devices Market
- 7.2.1 UK Smart Home Devices Market, by Component
- 7.2.2 UK Smart Home Devices Market, by Type
- 7.3 France Smart Home Devices Market
- 7.3.1 France Smart Home Devices Market, by Component
- 7.3.2 France Smart Home Devices Market, by Type
- 7.4 Russia Smart Home Devices Market
- 7.4.1 Russia Smart Home Devices Market, by Component
- 7.4.2 Russia Smart Home Devices Market, by Type
- 7.5 Spain Smart Home Devices Market
- 7.5.1 Spain Smart Home Devices Market, by Component
- 7.5.2 Spain Smart Home Devices Market, by Type
- 7.6 Italy Smart Home Devices Market
- 7.6.1 Italy Smart Home Devices Market, by Component
- 7.6.2 Italy Smart Home Devices Market, by Type
- 7.7 Rest of Europe Smart Home Devices Market
- 7.7.1 Rest of Europe Smart Home Devices Market, by Component
- 7.7.2 Rest of Europe Smart Home Devices Market, by Type
- Chapter 8. Company Profiles
- 8.1 Johnson Controls International PLC
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental & Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Schneider Electric SE
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.5.3 Acquisition and Mergers:
- 8.2.5.4 Geographical Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Siemens AG
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Honeywell International, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Amazon.com, Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental Analysis
- 8.5.4 Recent strategies and developments:
- 8.5.4.1 Partnerships, Collaborations, and Agreements:
- 8.5.5 SWOT Analysis
- 8.6 Apple, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
- 8.7 Google LLC (Alphabet Inc.)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.6 SWOT Analysis
- 8.8 Robert Bosch GmbH
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Raytheon Technologies Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 SWOT Analysis
- 8.10. Samsung Electronics Co., Ltd. (Samsung Group)
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 SWOT Analysis
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