Europe Smart Home Automation Market Size & Outlook
Europe smart home automation market, 2018-2030 (US$M)
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Europe smart home automation market highlights
- The Europe smart home automation market generated a revenue of USD 19,706.4 million in 2022.
- The market is expected to grow at a CAGR of 24.9% from 2023 to 2030.
- In terms of segment, other devices was the largest revenue generating product in 2022.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 19,706.4 million |
| Market revenue in 2030 | USD 116,772.2 million |
| Growth rate | 24.9% (CAGR from 2022 to 2030) |
| Largest segment | Other devices |
| Fastest growing segment | Home Healthcare |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Kitchen Appliances, Home Appliances, Smart Furniture, Home Healthcare, Smart Speakers, Other Devices |
| Key market players worldwide | ABB Ltd, Crestron Electronics, Honeywell International Inc, Ingersoll Rand Inc, Johnson Controls International PLC, Legrand SA, Leviton Manufacturing, Lutron Electronics, Schneider Electric SE, Siemens AG, Snap One Holdings Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.5% of the global smart home automation market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 230,668.6 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe smart home automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart home automation market will help companies and investors design strategic landscapes.
Other devices was the largest segment with a revenue share of 24.96% in 2022. Horizon Databook has segmented the Europe smart home automation market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, smart speakers, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
The market for smart home automation in Europe is expected to grow over the forecast period from 2023 to 2030. The regional growth can be anticipated to the trend of automation for lighting such as activity control, voice control, application control, sensor operated, and more.
Moreover, the growing trend of smart home automation in new construction homes due to the ease of installation and device to device communication is expected to drive the region growth further.
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Target buyers of Europe smart home automation market databook
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Our clientele includes a mix of smart home automation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart home automation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smart home automation market size, by country, 2018-2030 (US$M)
Europe Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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