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European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027

European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027

The European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027.

“Surging importance of home monitoring”

Smart homes can perform intricate tasks such as automatically lighting up evacuation routes in the case of a fire alarm in addition to basic operations such as turning off lights, dimming lights, and shutting curtains. Connectivity has become a high-end novelty in a variety of household equipment, including security cameras and utility or smart meters, which record the consumption of electric energy and communicate information to the user and thermostats. In the coming years, connectivity is anticipated to become a more prevalent trend, where connectivity will become an incorporated standard in practically every household gadget and equipment.

A smart home, also known as a connected or an automated home, is defined as a dwelling unit where partial or all functionalities can be controlled remotely or manually with the integration of required electronic devices and specialized software. Security and access control; energy management; and heating, ventilation, and air conditioning (HVAC) control are a few of the popular functions of a smart home. A smart home ecosystem envelops offerings such as electronic devices, software, and communication media.

“Increasing number of manufacturers expanding their smart home product portfolios”

The smart home industry's value chain includes a significant number of component, device, and system manufacturers across the world. There are also a large number of software algorithms and service suppliers in the business. Samsung SmartThings, Amazon Echo, Google Home, and Apple HomeKit are just a handful of the smart home product breakthroughs announced recently by industry giants.
Homeowners have begun to use home automation systems on a broad scale due to the benefits they provide, which primarily include convenience, energy efficiency, and cost savings. With the high penetration rate of lighting controls (such as dimmers, timers, and occupancy sensors), HVAC controls (such as smart thermostats, sensors, and control valves), and security and access products (such as security cameras and smart locks) in Europe, smart home product manufacturers are expanding their product portfolios to cater to different application areas within a household, such as electrical energy conservation, water conservation, and security.

“Germany to grow at a fastest rate in the forecast period”

Smart home products have a high adoption rate in Germany. According to a survey conducted by the German industry group Bitkom, 41% of all Germans had at least one smart home device installed in 2021. Ease, convenience, and comfort were the primary motivators for purchasing smart home goods, as cited by 78% of respondents, while 69% wanted to make their homes safer. Energy efficiency was rated as a high purchase criterion by 62% of respondents. There have been several initiatives from the government and industry to make energy efficient, which will drive the adoption of smart home products and services.

For example, the German Federal Ministry of Economic Affairs and Energy in February 2022 created the "Smart Energy Showcases - Digital Agenda for the Energy Transition" grant initiative. The purpose of this initiative is to include market participants from all points along the value chain as well as to install and test forward-thinking energy systems.

Breakdown of profiles of primary participants:
•By Company: Tier 1 = 15%, Tier 2 = 50%, and Tier 3 = 35%
•By Designation: C-level Executives = 45%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 20%
•By Region: North America = 45%, Asia Pacific = 12%, Europe=35%, and South America=3% and Middle East and Africe = 5%.

Major players profiled in this report:
The European smart home market is dominated by a few established players such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden).

Research coverage
This report offers detailed insights into the European smart home market based on product, software & service, sales channel, and European region.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the European smart home market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the European smart home market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION37
1.1STUDY OBJECTIVES37
1.2MARKET DEFINITION38
1.3INCLUSIONS AND EXCLUSIONS38
1.4STUDY SCOPE38
1.4.1MARKET SEGMENTATION38
FIGURE 1EUROPEAN SMART HOME MARKET SEGMENTATION39
1.4.2PRODUCTS COVERED UNDER EACH MAJOR CATEGORY39
1.5YEARS CONSIDERED40
1.6CURRENCY40
1.7STAKEHOLDERS40
1.8SUMMARY OF CHANGES41
2RESEARCH METHODOLOGY42
2.1RESEARCH DATA42
FIGURE 2EUROPEAN SMART HOME MARKET: RESEARCH DESIGN42
2.1.1SECONDARY DATA43
2.1.1.1Secondary sources43
2.1.2PRIMARY DATA44
2.1.2.1Primary interviews with experts44
2.1.2.2List of key primary interview participants44
2.1.2.3Breakdown of primary interviews45
2.1.2.4Key data from primary sources45
2.1.2.5Key industry insights46
2.2MARKET SIZE ESTIMATION46
FIGURE 3EUROPEAN SMART HOME MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION46
2.2.1TOP-DOWN APPROACH47
2.2.1.1Approach for capturing market size by top-down analysis (supply side)47
FIGURE 4TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE47
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE48
2.2.2BOTTOM-UP APPROACH48
2.2.2.1Approach for capturing market size by bottom-up analysis (demand side)48
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE49
2.3MARKET BREAKDOWN AND DATA TRIANGULATION50
FIGURE 7DATA TRIANGULATION50
2.4RESEARCH ASSUMPTIONS51
TABLE 1ASSUMPTIONS FOR RESEARCH STUDY51
2.5LIMITATIONS52
2.6RISK FACTORS52
3EXECUTIVE SUMMARY53
FIGURE 8EUROPEAN SMART HOME MARKET, 2018–2027 (USD BILLION)54
3.1EUROPEAN SMART HOME MARKET SCENARIO54
FIGURE 9GROWTH PROJECTIONS FOR EUROPEAN SMART HOME MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS54
3.1.1REALISTIC SCENARIO55
3.1.2PESSIMISTIC SCENARIO55
3.1.3OPTIMISTIC SCENARIO55
FIGURE 10ENTERTAINMENT & OTHER CONTROLS TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 202756
FIGURE 11BEHAVIORAL SOFTWARE & SERVICES SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 202756
FIGURE 12GERMANY ACCOUNTED FOR LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 202257
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET58
FIGURE 13GROWING AWARENESS ABOUT ENERGY CONSERVATION PROVIDING ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET58
4.2EUROPEAN SMART HOME MARKET, BY PRODUCT58
FIGURE 14ENTERTAINMENT & OTHER CONTROLS SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET DURING FORECAST PERIOD58
4.3EUROPEAN SMART HOME MARKET, BY PRODUCT AND COUNTRY59
FIGURE 15UK AND ENTERTAINMENT & OTHER CONTROLS SEGMENT HELD LARGEST SHARES OF EUROPEAN SMART HOME MARKET IN 202159
4.4COUNTRY-WISE EUROPEAN SMART HOME MARKET GROWTH59
FIGURE 16SMART HOME MARKET IN GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS60
FIGURE 17DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES61
5.2.1DRIVERS61
5.2.1.1Growing internet access in European region61
FIGURE 18INTERNET ACCESS OF HOUSEHOLDS IN EU62
5.2.1.2Rising need for energy saving and low-carbon emission-oriented solutions62
TABLE 2ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS62
5.2.1.3Increasing number of manufacturers expanding their smart home product portfolios63
5.2.1.4Ongoing proliferation of smartphones63
5.2.1.5Surging importance of home monitoring64
5.2.1.6Increasing safety, security, and convenience offered by smart home products64
5.2.2RESTRAINTS65
5.2.2.1High switching costs for existing smart device consumers65
5.2.2.2Smart home products are adopted for convenience rather than for necessity65
5.2.2.3High up-front costs65
5.2.2.4Complexities and glitches in setting up smart homes66
5.2.3OPPORTUNITIES66
5.2.3.1Favorable government regulations66
5.2.3.2Expected incorporation of lighting controllers with in-built data connectivity technology66
5.2.3.3Use of smart home products for geriatric applications67
5.2.4CHALLENGES67
5.2.4.1Linking disparate systems, limited functionalities, and lack of open standards67
5.2.4.2Cybersecurity concerns of smart homes68
5.2.4.3Difficulty in installing smart home products in existing homes and new constructions68
5.2.4.4Compatibility issues of smart home products69
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES69
FIGURE 19TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO EUROPEAN SMART HOME MARKET69
5.4EUROPEAN SMART HOME: ECOSYSTEM70
TABLE 3EUROPEAN SMART HOME: ECOSYSTEM70
5.5TECHNOLOGY ANALYSIS71
5.5.1INTERNET OF THINGS71
5.5.2ARTIFICIAL INTELLIGENCE71
5.5.3CLOUD CONNECTIVITY72
5.5.4ROBOTICS AND AUTOMATION72
5.5.55G TECHNOLOGY73
5.6VALUE CHAIN ANALYSIS73
FIGURE 20EUROPEAN SMART HOME MARKET: VALUE CHAIN ANALYSIS74
5.6.1PLANNING AND REVISING FUNDS74
5.6.2RESEARCH & DEVELOPMENT75
5.6.3MANUFACTURING75
5.6.4ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES75
5.7PATENT ANALYSIS76
TABLE 4NUMBER OF PATENTS REGISTERED RELATED TO EUROPEAN SMART HOME MARKET IN LAST 10 YEARS78
FIGURE 21TOP 10 COMPANIES WITH HIGHEST NUMBERER OF PATENT APPLICATIONS IN LAST 10 YEARS79
FIGURE 22PATENTS GRANTED PER YEAR, 2011–202179
5.8REGULATORY LANDSCAPE79
5.8.1STANDARDS79
5.8.2REGULATIONS80
5.9TRADE DATA81
5.9.1EXPORT DATA82
TABLE 5EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY/REGION, 2017–2020 (USD MILLION)82
TABLE 6EXPORT DATA FOR THERMOSTATS (HS CODE 903210),
BY COUNTRY/REGION, 2017–2020 (USD MILLION)82
5.9.2IMPORT DATA83
TABLE 7IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110),
BY COUNTRY/REGION, 2017–2020 (USD MILLION)83
TABLE 8IMPORT DATA FOR THERMOSTATS (HS CODE 903210),
BY COUNTRY/REGION, 2017–2020 (USD MILLION)83
5.10CASE STUDY ANALYSIS84
5.10.1JOHNSON CONTROLS’ ENERGY SAVING SOLUTIONS FOR MORGAN STANLEY UK OFFICE84
5.10.2SMART HOMES FOR GERIATRIC POPULATION IN ITALY84
5.10.3INSTALLATION OF BUILDING AUTOMATION SYSTEMS IN CATANIA AIRPORT84
5.10.4SIEMENS’ INTEGRATED SOLUTIONS TO REDUCE ENERGY CONSUMPTION OF LOUIS VUITTON MUSEUM, PARIS85
5.10.5HONEYWELL’S VIDEO MONITORING SOLUTIONS FOR IRELAND’S TALLEST BUILDING85
5.11KEY CONFERENCES & EVENTS IN 2022–202386
5.12PORTER’S FIVE FORCES ANALYSIS86
TABLE 9IMPACT OF PORTER’S FIVE FORCES ON EUROPEAN SMART HOME MARKET87
5.12.1INTENSITY OF COMPETITIVE RIVALRY87
5.12.2BARGAINING POWER OF SUPPLIERS87
5.12.3THREAT OF NEW ENTRANTS87
5.12.4THREAT OF SUBSTITUTES87
5.12.5BARGAINING POWER OF BUYERS88
5.13KEY STAKEHOLDERS & BUYING CRITERIA88
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS88
FIGURE 23INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS88
TABLE 10INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS (%)88
5.13.2BUYING CRITERIA89
FIGURE 24KEY BUYING CRITERIA FOR TOP 3 PRODUCTS89
TABLE 11KEY BUYING CRITERIA FOR TOP 3 PRODUCTS89
5.14AVERAGE SELLING PRICE OF VARIOUS DEVICES/APPLIANCES CONSIDERED IN EUROPEAN SMART HOME MARKET90
FIGURE 25ASP TREND FOR VARIOUS APPLIANCES90
FIGURE 26ASP TREND FOR VARIOUS SMART DEVICES90
6EUROPEAN SMART HOME MARKET, BY TECHNOLOGY & PROTOCOL91
6.1INTRODUCTION91
FIGURE 27SMART HOME PROTOCOLS & TECHNOLOGIES91
6.2CELLULAR NETWORK TECHNOLOGIES92
6.2.1CDMA NETWORKS92
6.2.2GSM/HSPA NETWORKS92
FIGURE 28GSM/HSPA NETWORK SETUP92
6.2.3LTE NETWORKS93
6.2.45G93
6.3PROTOCOLS & STANDARDS93
6.3.1DALI94
FIGURE 29WIRING FOR DALI FLUORESCENT DIMMING94
6.3.2NEMA95
6.3.3KNX95
6.3.4DMX96
6.3.5LONWORKS96
FIGURE 30LONWORKS NETWORK SETUP97
6.3.6ETHERNET97
6.3.7MODBUS98
6.3.8BACNET98
6.3.9BLACK BOX98
6.3.10PLC99
6.3.11DOTDOT99
6.3.12MATTER99
6.4WIRELESS COMMUNICATION TECHNOLOGIES99
FIGURE 31WIRELESS COMMUNICATION TECHNOLOGIES100
6.4.1ZIGBEE100
6.4.2Z-WAVE101
6.4.3WI-FI101
6.4.4BLUETOOTH102
6.4.5ENOCEAN102
6.4.6THREAD103
6.4.7INFRARED103
7EUROPEAN SMART HOME MARKET, BY PRODUCT104
7.1INTRODUCTION104
FIGURE 32EUROPEAN SMART HOME MARKET, BY PRODUCT104
TABLE 12EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018–2021 (USD MILLION)105
TABLE 13EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022–2027 (USD MILLION)105
7.2LIGHTING CONTROLS106
7.2.1MARKET DYNAMICS106
7.2.1.1Drivers106
7.2.1.1.1Demand for energy-efficient lighting solutions106
7.2.1.1.2Conservation of energy reduces costs and extends shelf life of lamps106
7.2.1.1.3Increasing adoption of lighting controls in smart cities107
7.2.1.2Restraints107
7.2.1.2.1Compatibility issues pose hurdles in path of lighting controls107
7.2.1.2.2Lack of awareness about intelligent lighting controls107
7.2.1.2.3High initial costs107
7.2.1.2.4Security and privacy issues associated with smart lighting controls108
7.2.1.3Opportunities108
7.2.1.3.1Mood lighting provides opportunities for lighting controls108
7.2.1.3.2Increase in human-centric lighting in Europe108
7.2.1.3.3Rise in trend of smart offices and smart retail stores108
7.2.2PRODUCTS COVERED UNDER LIGHTING CONTROLS109
FIGURE 33EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROLS109
TABLE 14LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)109
TABLE 15LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)110
7.2.2.1Relays110
TABLE 16RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)110
TABLE 17RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)111
7.2.2.2Occupancy Sensors111
TABLE 18OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)111
TABLE 19OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)112
7.2.2.3Daylight Sensors112
TABLE 20DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)112
TABLE 21DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)113
7.2.2.4Timers113
TABLE 22TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)113
TABLE 23TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)113
7.2.2.5Dimmers114
TABLE 24DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)114
TABLE 25DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)115
7.2.2.6Switches115
TABLE 26SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)115
TABLE 27SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)116
7.2.2.7Accessories & Other Products116
TABLE 28ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018–2021 (USD MILLION)116
TABLE 29ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2022–2027 (USD MILLION)117
7.3SECURITY & ACCESS CONTROLS117
7.3.1MARKET DYNAMICS117
7.3.1.1Drivers117
7.3.1.1.1Multi-level/multifactor authentication enhances authentication process117
7.3.1.1.2Increasing popularity of home security systems117
7.3.1.1.3Greater efficiency of video surveillance systems compared with traditional systems118
7.3.1.1.4Rising adoption of IoT-based security systems118
7.3.1.1.5Increasing adoption of IP cameras for video surveillance118
7.3.1.2Restraints118
7.3.1.2.1Privacy issues118
7.3.1.2.2High initial costs118
7.3.1.3Opportunities119
7.3.1.3.1Significant prospects of biometric technologies in security market119
7.3.1.3.2Increase in adoption of security and access control systems post COVID-19119
7.3.1.3.3Artificial intelligence (AI) and deep learning integration in home security systems119
TABLE 30SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)119
TABLE 31SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET,
BY PRODUCT, 2022–2027 (USD MILLION)120
7.4PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS120
FIGURE 34EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS120
TABLE 32SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)120
TABLE 33SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)121
7.4.1VIDEO SURVEILLANCE SYSTEMS121
TABLE 34VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)121
TABLE 35VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)122
7.4.1.1Hardware122
7.4.1.1.1Security cameras122
7.4.1.1.2IP cameras122
7.4.1.1.3Analog cameras123
7.4.1.1.4Storage devices123
7.4.1.1.5Monitors123
7.4.1.1.6Servers124
7.4.1.1.7Accessories124
7.4.1.2Software124
7.4.1.2.1Video analytics software124
7.4.1.2.2Video management software (VMS)125
7.4.1.2.3Neural networks and algorithms125
7.4.2ACCESS CONTROLS126
TABLE 36ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)126
TABLE 37ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)126
7.4.2.1Biometric Access Controls126
7.4.2.1.1Facial recognition127
7.4.2.1.2Iris recognition127
7.4.2.1.3Fingerprint recognition127
7.4.2.1.4Palm recognition127
7.4.2.1.5Voice recognition128
7.4.2.1.6Others128
7.4.2.2Non-biometric Access Controls128
7.4.2.3Software128
7.4.2.4Services129
7.5HVAC CONTROLS129
7.5.1MARKET DYNAMICS130
7.5.1.1Drivers130
7.5.1.1.1Flexibility and ease of accessing HVAC systems130
7.5.1.1.2Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services130
7.5.1.1.3Boom in construction sector fueling demand for HVAC controls130
7.5.1.1.4Emergence of IoT-enabled HVAC systems130
7.5.1.1.5Need for energy efficiency in buildings131
7.5.1.1.6Surging adoption of voice assistants131
7.5.1.2Restraints131
7.5.1.2.1Lack of interoperability and standardization131
7.5.1.2.2Lack of awareness about benefits of HVAC systems131
7.5.1.2.3Concerns of data security132
7.5.1.2.4High costs and technical complexities associated with installation of HVAC control systems132
7.5.1.2.5High retrofitting cost132
7.5.1.3Opportunities132
7.5.1.3.1Innovations in sensors and controls132
7.5.1.3.2Growing demand for cloud computing in HVAC133
7.5.1.3.3Integration of smart devices with HVAC systems133
TABLE 38HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018–2021 (USD MILLION)133
TABLE 39HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022–2027 (USD MILLION)134
7.5.2PRODUCTS COVERED UNDER HVAC CONTROLS134
FIGURE 35EUROPEAN SMART HOME MARKET FOR HVAC CONTROLS134
TABLE 40HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)135
TABLE 41HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)135
7.5.2.1Smart Thermostats135
7.5.2.1.1Smart thermostats maintain temperatures at required levels135
TABLE 42SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)136
TABLE 43SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)136
7.5.2.2Sensors136
TABLE 44SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)137
TABLE 45SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)137
7.5.2.3Control Valves137
TABLE 46CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)138
TABLE 47CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)138
7.5.2.4Heating & Cooling Coils139
7.5.2.4.1HVAC systems use coils to maintain temperature139
TABLE 48HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)139
TABLE 49HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)139
7.5.2.5Dampers140
7.5.2.5.1Dampers regulate flow of hot/cold air in rooms140
TABLE 50DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)140
TABLE 51DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)141
7.5.2.6Actuators141
7.5.2.6.1Actuators control dampers and valves in HVAC systems141
TABLE 52ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)141
TABLE 53ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)142
7.5.2.7Pumps & Fans142
7.5.2.7.1Pumps and exhaust fans in HVAC maintain comfortable temperatures in buildings142
TABLE 54PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)142
TABLE 55PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)143
7.5.2.8Smart Vents143
7.5.2.8.1Smart vents can be programmed to open and close according to temperature of rooms143
TABLE 56SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)143
TABLE 57SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)144
7.6ENTERTAINMENT & OTHER CONTROLS144
7.6.1MARKET DYNAMICS145
7.6.1.1Drivers145
7.6.1.1.1Changing lifestyles of consumers145
7.6.1.1.2Enhanced level of comfort offered145
7.6.1.1.3Growing consumer inclination toward entertainment products145
7.6.1.1.4Growth of 5G145
7.6.1.2Restraints145
7.6.1.2.1High cost of entertainment control systems145
7.6.1.2.2Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices146
7.6.1.2.3Lack of common standards and interoperability of devices146
7.6.1.3Opportunities146
7.6.1.3.1Development of 3D gesture-based remote entertainment controls146
7.6.1.3.2Integration of AI with entertainment devices146
7.6.1.3.3Virtual reality and augmented reality in entertainment devices147
TABLE 58ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2018–2021 (USD MILLION)147
TABLE 59ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2022–2027 (USD MILLION)147
TABLE 60ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)147
TABLE 61ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)148
7.6.2ENTERTAINMENT CONTROL PRODUCTS148
FIGURE 36EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT CONTROL PRODUCTS, BY PRODUCT148
TABLE 62ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)148
TABLE 63ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)149
7.6.2.1Audio & Volume Controls149
TABLE 64AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)149
TABLE 65AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)150
7.6.2.2Home Theater System Controls150
TABLE 66HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018–2021 (USD MILLION)150
TABLE 67HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)151
7.6.2.3Touchscreens & Keypads151
TABLE 68TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET,
BY COUNTRY, 2018–2021 (USD MILLION)151
TABLE 69TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)152
7.6.3OTHER CONTROLS152
FIGURE 37EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT152
TABLE 70OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018–2021 (USD MILLION)153
TABLE 71OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022–2027 (USD MILLION)153
7.6.3.1Smart Meters153
7.6.3.1.1Smart meters are electric devices that measure energy consumption and enable two-way communication between users and utilities153
TABLE 72SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)154
TABLE 73SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)154
7.6.3.2Smart Plugs154
7.6.3.2.1Smart plugs offer plug-level solutions for monitoring, controlling, and automating energy levels of individual sockets154
TABLE 74SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)155
TABLE 75SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)155
7.6.3.3Smart Hubs155
7.6.3.3.1Smart hubs are solutions to unify connected gadgets in smart homes and control them using one simple application155
TABLE 76SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)156
TABLE 77SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)156
7.6.3.4Smart Locks156
7.6.3.4.1Smart locks are electromechanical locks that carry out locking and unlocking operations on receiving instructions from authorized devices156
TABLE 78SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)157
TABLE 79SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)157
7.6.3.5Smoke Detectors157
7.6.3.5.1Smoke detectors detect smoke faster than flame and heat detectors157
TABLE 80SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)158
TABLE 81SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)158
7.7SMART SPEAKERS158
7.7.1MARKET DYNAMICS159
7.7.1.1Drivers159
7.7.1.1.1Increasing number of smart homes159
7.7.1.1.2Proliferation of multifunctional devices159
7.7.1.1.3Growing trend of personalization159
7.7.1.1.4Growing popularity of smart speakers with displays160
7.7.1.2Restraints160
7.7.1.2.1Issues related to connectivity range, compatibility, and power160
7.7.1.2.2Availability of substitute products160
7.7.1.2.3Concerns related to data security160
7.7.1.3Opportunities160
7.7.1.3.1Increasing consumer preference for technologically advanced products160
7.7.1.3.2Increasing demand for smart speakers post COVID-19161
7.7.1.3.3Significant presence of large internet/technology companies161
7.7.1.3.4Increasing focus of companies on enhancing customer experience161
TABLE 82SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2018–2021 (USD MILLION)162
TABLE 83SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2022–2027 (USD MILLION)162
TABLE 84SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2018–2021 (MILLION UNITS)162
TABLE 85SMART SPEAKERS: EUROPEAN SMART HOME MARKET,
2022–2027 (MILLION UNITS)163
TABLE 86SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)163
TABLE 87SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)163
7.8HOME HEALTHCARE163
7.8.1MARKET DYNAMICS164
7.8.1.1Drivers164
7.8.1.1.1Changing demographics to positively affect home health systems164
7.8.1.1.2Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access164
7.8.1.1.3Change in social structure164
7.8.1.2Restraints164
7.8.1.2.1Patient safety concerns164
7.8.1.2.2Regulatory concerns165
7.8.1.3Opportunities165
7.8.1.3.1Emerging market for smart wearables to drive home healthcare market165
7.8.1.3.2Increase in adoption of home healthcare products due to COVID-19165
7.8.1.3.3Use of analytics in home health care systems165
TABLE 88HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)165
TABLE 89HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)166
TABLE 90HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)166
TABLE 91HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)166
7.8.2PRODUCTS COVERED UNDER HOME HEALTHCARE167
FIGURE 38SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS167
7.8.2.1Health Status Monitors167
TABLE 92HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)167
TABLE 93HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)168
7.8.2.1.1Fitness and Heart Rate Monitors168
7.8.2.1.2Blood Pressure Monitors168
7.8.2.1.3Blood Glucose Meters168
7.8.2.1.4Continuous Glucose Monitors169
7.8.2.1.5Pulse Oximeters169
7.8.2.1.6Fall Detectors169
7.8.2.2Physical Activity Monitors169
TABLE 94PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)170
TABLE 95PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)170
7.9SMART KITCHENS170
7.9.1MARKET DYNAMICS170
7.9.1.1Drivers170
7.9.1.1.1Changing lifestyles and preferences of consumers170
7.9.1.1.2Rising importance of energy conservation171
7.9.1.1.3High functionality of smart kitchen equipment171
7.9.1.2Restraints171
7.9.1.2.1High cost of smart kitchen appliances171
7.9.1.2.2High cost of installation171
7.9.1.3Opportunities171
7.9.1.3.1Incorporation of IoT in kitchen appliances171
7.9.1.3.2Food wastage concerns and sustainable cooking172
TABLE 96SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2018–2021 (USD MILLION)172
TABLE 97SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT,
2022–2027 (USD MILLION)172
TABLE 98SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)173
TABLE 99SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)173
7.9.2PRODUCTS COVERED UNDER SMART KITCHENS174
FIGURE 39EUROPEAN SMART HOME MARKET FOR SMART KITCHENS, BY PRODUCT174
7.9.2.1Smart Refrigerators174
TABLE 100SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)175
TABLE 101SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)175
7.9.2.2Smart Coffee Makers175
TABLE 102SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)176
TABLE 103SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)176
7.9.2.3Smart Kettles176
TABLE 104SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)177
TABLE 105SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)177
7.9.2.4Smart Dishwashers177
TABLE 106SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)178
TABLE 107SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)178
7.9.2.5Smart Ovens178
TABLE 108SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)179
TABLE 109SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)179
7.9.2.6Smart Cooktops179
TABLE 110SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)179
TABLE 111SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)180
7.9.2.7Smart Cookers180
TABLE 112SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)180
TABLE 113SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)180
7.10HOME APPLIANCES181
7.10.1MARKET DYNAMICS181
7.10.1.1Drivers181
7.10.1.1.1Availability of wireless solutions181
7.10.1.1.2Rising energy prices leading to adoption of smart appliances181
7.10.1.1.3Increasing penetration of internet and smartphones worldwide181
7.10.1.2Restraints182
7.10.1.2.1Privacy concerns among end users182
7.10.1.2.2Lack of awareness about smart appliances182
7.10.1.2.3Compatibility problems between devices of different companies182
7.10.1.2.4High maintenance costs182
7.10.1.3Opportunities182
7.10.1.3.1Machine-to-machine (M2M) communication to provide new growth avenues182
7.10.1.3.2Rise in demand for smart appliances due to COVID-19183
7.10.1.3.3Integration of new technologies, such as AI, with smart appliances183
TABLE 114HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)183
TABLE 115HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)183
TABLE 116HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)184
TABLE 117HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)184
7.10.2PRODUCTS COVERED UNDER HOME APPLIANCES184
FIGURE 40EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES184
7.10.2.1Smart Washers185
TABLE 118SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)185
TABLE 119SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)185
7.10.2.2Smart Dryers186
TABLE 120SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)186
TABLE 121SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)186
7.10.2.3Smart Water Heaters187
TABLE 122SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)187
TABLE 123SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)187
7.10.2.4Smart Vacuum Cleaners187
TABLE 124SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)188
TABLE 125SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)188
7.11SMART FURNITURE188
7.11.1MARKET DYNAMICS189
7.11.1.1Drivers189
7.11.1.1.1Changing consumer lifestyle189
7.11.1.1.2Growing trend toward adoption of space-saving furniture189
7.11.1.2Restraints189
7.11.1.2.1Reluctance toward adopting new technology189
7.11.1.2.2High price of smart furniture189
7.11.1.2.3Drawbacks of when two individuals require distinct alternatives189
7.11.1.3Opportunities190
7.11.1.3.1Incorporation of robotics into smart furniture190
7.11.1.3.2Increasing incorporation of ergonomic furniture by corporate entities190
TABLE 126SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)190
TABLE 127SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)191
TABLE 128SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)191
TABLE 129SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)191
7.11.2PRODUCTS COVERED UNDER SMART FURNITURE192
FIGURE 41EUROPEAN SMART HOME MARKET FOR SMART FURNITURE PRODUCTS192
7.11.2.1Smart Tables192
TABLE 130SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)192
TABLE 131SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)193
7.11.2.2Smart Desks193
TABLE 132SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)193
TABLE 133SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2022–2027 (USD MILLION)194
7.11.2.3Smart Stools & Benches194
TABLE 134SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)194
TABLE 135SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)194
7.11.2.4Smart Sofas195
TABLE 136SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY,
2018–2021 (USD MILLION)195
TAB

Report Title: European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027


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