Showing posts with label Smart Homes Technology Market In Europe. Show all posts
Showing posts with label Smart Homes Technology Market In Europe. Show all posts

Monday, December 6, 2021

Europe Smart Homes Technology Market is anticipated to augment owing to increasing requirement for the security & safety devices: Ken Research

Smart home technology also well-known as home automation consists the utilization of internet-connected devices to maintain the observe the countless home appliances and systems. It is an improved technology that supports in making functions of countless home appliances easy and energy saver. This technology consists monitoring all the electronic devices that are exist at home utilizing the wireless technology. It suggests coziness, security, energy proficiency and convenience to the end-users by allowing all the electronic appliances through the smart home app on their smart phones or several other networked devices.

According to the report analysis, ‘Europe Smart Homes Technology Market: Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)states that the significant growth in demand for security & safety devices, growing penetration of security vendors around Europe such as Verisure & Securitas Direct and Tyco International building substantial monitoring revenue base throughout Europe would assist the respective segment to augment at a speedy rate of xx% throughout the forecast duration (2019-2025). This will invigorate the region at matured stage in smart home technology scenario. The proliferation and smartening of IoT devices have curiously scaled up the probable for the industry. Proficient amount of data or information can be stored, gathered, analyzed and transmitted leading to the saving of considerable amount of money by countless companies. 

Not only has this, the proficient augment in the number of users and increasing implementation of smart devices along with increasing requirement for energy-saving and low carbon emission-oriented solutions are the foremost aspects propelling the Europe smart home technology market. Furthermore, aspects likewise growing essential of home monitoring in remote locations and growing disposable income of the individuals in developed regions have underwritten to the growth of the smart home market.

During 2018, the mid-range apartments occupied the greatest share followed by luxury apartments and luxury villas in the regional smart home market. Increasing investments by foremost tech giants and venture capitalists to bring in innovation within smart home domain has enormously underwritten towards the growth prospects of smart home technology around the region. Moreover, advantages of smart home technology can also be observed among commercial end users such as hotels, hospitals and several other commercial buildings. In the smart home industry, technological breakthroughs have been efficacious in bringing about new shapes to the industry. Smart home technology application was greatly prominent amongst the hospitals.

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Strong competitiveness, prosperous IoT, spur in product development, research & development activities, dramatic uptake of technological improvements, increasing scope of smart health solutions & ageing population, investments by foremost peers, spur in smartphone penetration and growing predilection for energy management systems and favorable government policies have proficiently underwritten in prospering the market size of Europe smart home market at great scale. However, low level of awareness amongst consumers about smart home devices, concerns concerning the privacy & hacking, high cost comprised in complex installation and high prices of smart home devices require to be addressed to understanding the never-ending growth of smart home market.

Also, for better understanding of regional smart home market dissemination, the market has been analysed as per different regions such as Germany, the UK, France, and Norway, the Netherlands, Switzerland, Denmark and the rest of Europe. On the basis of estimation, Germany was registered for the highest revenue share during 2018. Positive impression on businesses of smart device producers such as HVAC and numerous established players and startups earmarking their footprint in smart appliances domain fluctuating from remote controlled heating appliances and increasing interest for energy saving applications such as thermostats and thriving concept of Internet of Things have strengthened the growth of Europe smart home technology market. Countless companies have forayed in the European smart home technology market that proposes the smart devices in dissimilar applications such as smart speaker, security systems, smart TVs, LEDs and switches, kitchen ware appliances and several other devices. With an objective to improve their product portfolio, the foremost market players have entered into countless acquisitions and collaborations. Therefore, in the near years, it is predicted that the market of smart home technology will increase around the globe more actively over the near future.

For More Information, refer to below link:-

Europe Smart Homes Technology Market Research Report

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Ankur Gupta, Head Marketing & Communications

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Saturday, October 9, 2021

Europe Smart Homes Technology Market Size, Share, and Revenue Analysis 2021-2027 Top Leading Countries, Companies, Consumption, Drivers, Trends, Challenges and Forecast 2027: Ken Research

Smart Home is an integration of various technologies & services through a network/system for better quality of living. This emerging technology helps the users for reducing the workload and much more. The smart home offers users a comfortable life, security, energy management functions and benefits for the disabled. Smart homes are generally equipped with internet-enabled devices to control or monitor, automate and optimize several functions for instance temperature, security, lighting and entertainment. These devices are remotely controlled or monitored, and accessed by a phone, tablet, computer, or a separate system. Smart technologies used to connect various gadgets & accessories have made it probable to automatically control the conditions in the building.

Smart home perform various basic functions including dimming lights, turning off lights, and closing curtains. These types of homes are capable of performing complex functions for instance automatically lighting-up exit routes in the event of the fire alarm. Connectivity has proven to be a high-end innovation in a large variety of home devices such as thermostats, utility meters, security cameras and others. In the next few years, connectivity is likely to become ubiquitous trend, becoming virtually an embedded standard in all devices and home computers.

As per analysis, Europe Smart Homes Technology Market: Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management) Technology (Wireless and Wired Smart Home Technology) End-Users (Residential and Commercials End-Users) the key companies operating in the Europe smart homes technology market include Cisco Systems, Inc., ABB Limited, Deutsche Telekom AG, ASSA ABLOY, Emerson Electric Co, Siemens AG, Samsung Electronics Ltd, General Electric Company, Honeywell International Inc., Schneider Electric S.E., IBM Corporation, United Technologies Corporation and among others. These players represent a significant share of the global market due to their industry experience, large product portfolio, global revenue base and global distribution network.

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On the basis of product type, Europe smart homes technology market can be bifurcated as Heating, Ventilating, Air Conditioning (HVAC), smart lighting systems, safety & security, smart energy management, home entertainment, smart appliances and others. HVAC segment dominates the global market owing to availability of technologically advance & Wi-Fi enabled HVAC systems and robust energy distribution network. On the basis of technology, market can be bifurcated as wired smart technology, wireless smart technology. Wired smart technology includes fiber to home technology, Ethernet technology, power line communication and other wired technologies. Wireless smart technology includes Bluetooth technology, Z-wave technology, zigbee technology, Wi-Fi technology and others. Additionally, on the basis of end-users, market can be bifurcated as commercial end-users and residential end-users. Commercial end-users include smart hospitals, smart hotels and other commercial buildings. In addition, residential end-users include assisted homes, luxury homes, low energy homes and mid-range apartments/homes.

Growth in importance of home monitoring in remote locations, followed by increase in number of manufacturers expanding their smart home product portfolios, rise in awareness among people about their security, safety, and convenience, growth in popularity of smart security system, rise in need for energy saving & low-carbon emission-oriented solutions and growth in proliferation of smartphones & smart gadgets are some major factors, which are responsible for growth of the Europe Smart Homes Technology Market. Apart from this, high switching costs for existing smart device consumers and high initial costs may impact the market. Moreover, restoring independence for elders and smart health solutions, growth for telecom operators and growth in scope for insurance companies are leading opportunities for market.

By country-wise analysis, Germany is a leading country in Europe smart home market due to presence of high spending consumers and growth in number of millionaires across the region. Additionally, growth in penetration of smart surveillance cameras, smartphones, and wearable activity trackers are expected to improve the growth of the smart home market in Germany country. The UK market is estimated to be the fastest growing smart home market over the forecast period. It is also projected that future of the global Europe smart homes technology market will be bright as a result of growth in adoption of smart home technologies to increase energy efficiency & minimize energy bills, rise in disposable income and growth in adoption of new technologies during the forecast period.

For More Information, refer to below link:-

Europe Smart Homes Technology Market Research Report

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Contact Us:-

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support@kenresearch.com

+91-9015378249