Dublin, April 15, 2019 (GLOBE NEWSWIRE) -- The "European Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services - Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The European smart home market is expected to grow from USD 22.8 billion in 2018 to USD 44.0 billion by 2024 at a CAGR of 11.58%.

A smart home refers to a residence equipped with computing and information technology devices, which anticipate and respond to the needs of residents; these homes ensure owners' comfort, convenience, security, and entertainment through upgraded technologies within homes. The concept of smart homes has been in existence for a long time; presently, this market is characterized by a number of developments and regulatory initiatives pertaining to smart homes.

Smart homes include automated devices for applications such as security and access control, lighting control, HVAC control, entertainment control, home healthcare, smart kitchen, home appliances, and smart furniture. Smart homes could be of 2 types: retrofit and newly built. Existing homes can be retrofitted to turn them into smart homes, without much brickwork. Newly built apartments can be made into smart homes by deploying different applications.

Smart home products have applications in almost all areas, including HVAC, lighting, entertainment, home appliances, kitchen, and healthcare, within a house. Lighting controllers such as dimmers, timers, switches, and sensors enable the homeowners to keep a check on the lightings within the household. Energy management products such as HVAC controls, smart thermostats, smart meters, and smart plugs enable consumers to check the electricity consumption within the household using different mediums. The smart home industry has also been successful in providing automated features for entertainment and security devices within the household.

The European smart home market is dominated by players such as Johnson Controls International (Ireland), Schneider Electric (France), Honeywell International (US), Siemens AG (Germany), and United Technologies Corporation (US). A few of the major strategies adopted by these players to compete in these European smart home market include product launches and developments, partnerships, and mergers and acquisitions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Protocols and Technologies Used in Smart Homes

7 European Smart Home Market, By Product

8 Country Analysis

9 European Smart Home Market for Software & Services

10 Competitive Landscape

11 Company Profiles

  • ABB Ltd.
  • ADT
  • Amazon Inc.
  • Apple Inc.
  • Assa Abloy
  • AXIS Communications AB
  • Cacoon
  • Canary
  • Comcast Corporation
  • Control4
  • Crestron Electronics, Inc.
  • Delta Controls
  • General Electric
  • Google
  • Hitachi, Ltd.
  • Honeywell International
  • Hubbell Inc.
  • Ingersoll-Rand PLC
  • Johnson Controls International
  • Legrand SA
  • Lennox International
  • LG Electronics
  • Lutron Electronics Co.
  • Nest Secure
  • Robert Bosch GmbH
  • Samsung Electronics
  • Schneider Electric SE
  • Siemens AG
  • Sony
  • United Technologies Corporation

For more information about this report visit https://www.researchandmarkets.com/r/vai803

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Related Topics: Software, Internet of Things and M2M