Global Smart Homes Systems Market Growth (Status and Outlook) 2023-2029

Global Smart Homes Systems Market Growth (Status and Outlook) 2023-2029

Smart home system is an intelligent web-connected electronic system which is designed to operate stand-alone or in a network with other devices. With recent developments across different areas of connectivity of appliances and devices, these systems enable users to monitor and control them even when they are on the move. This includes mobile connectivity features, an integral component of smart homes provided by device manufacturers; and compatible communication protocol and technology based products offered by Internet Service Providers. New technology is enabling the creation of smart homes, integrating devices to make the home a better place to be in terms of safety, comfort, productivity and well-being.

LPI (LP Information)' newest research report, the “Smart Homes Systems Industry Forecast” looks at past sales and reviews total world Smart Homes Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Homes Systems sales for 2023 through 2029. With Smart Homes Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Homes Systems industry.

This Insight Report provides a comprehensive analysis of the global Smart Homes Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Homes Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Homes Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Homes Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Homes Systems.

The global Smart Homes Systems market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In US, Smart Homes Systems key players include California, Texas, New York, Illinois, New Jersey, etc. The top five manufacturers hold a share over 50%.

In terms of product, Energy Management Systems is the largest segment, with a share over 25%. And in terms of application, the largest application is Dwelling, followed by Business Building, Hotel, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Homes Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Energy Management Systems

Security and Access Control

Lighting Control

Home Appliances Control

Entertainment Control

Others

Segmentation by application

Dwelling

Business Building

Hotel

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ADT

Honeywell

Vivint

Nortek

Crestron

Lutron

Leviton

Comcast

ABB

Acuity Brands

Alarm.com

Control4

Schneider Electric

Time Warner Cable

Siemens AG

Sony

Savant

Nest

AMX

Legrand

Please note: The report will take approximately 2 business days to prepare and deliver.