Smart Home Market to Witness Heightened Revenue Growth During the Forecast Period 2021-2031 | ADT Inc., Assa Abloy, Robert Bosch GmbH, Leviton Manufacturing Company, Inc., Legrand SA

Global Smart Home Market report from Global Insight Services is the single authoritative source of intelligence on Smart Home Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Smart Home technology refers to a home that has been equipped with devices and appliances that can be controlled remotely by a central computer system. This technology allows for greater efficiency and security in the home, as well as greater convenience for the homeowner.

Some of the most common applications of Smart Home technology include home security systems, home automation systems, and energy management systems. Smart Home technology can also be used to control lighting, temperature, and other aspects of the home environment. In addition, Smart Home technology can be used to monitor and control the activities of pets and children in the home.

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Key Trends and Drivers

One of the key trends driving the smart home market is the increasing need for energy efficiency. With the ever-increasing energy costs, consumers are looking for ways to reduce their energy consumption. Smart home technology provides a way to do this by allowing consumers to control their home’s energy usage remotely.

Another key trend driving the smart home market is the increasing adoption of connected devices. Connected devices, such as thermostats, door locks, and security cameras, allow consumers to control their home’s environment and security remotely. This is especially appealing to consumers who are often away from home or have busy schedules.

The smart home market is also being driven by the increasing availability of affordable smart home products. As the technology becomes more mainstream, manufacturers are able to mass-produce smart home products at lower costs. This is making the technology more accessible to a wider range of consumers.

Market Segments

By Components

  • Hardware
  • Services
  • Smart Appliances
Key Players
  • Honeywell International
  • Johnson Controls
  • Siemens AG
  • Schneider Electric
  • UTC
  • Google
  • Amazon
  • Apple Inc.
  • ADT Inc.
  • Assa Abloy
  • Robert Bosch GmbH
  • Leviton Manufacturing Company, Inc.
  • Legrand SA

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