Germany Smart Home Automation Market Size & Outlook
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Germany smart home automation market highlights
- The Germany smart home automation market generated a revenue of USD 5,155.2 million in 2022 and is expected to reach USD 31,999.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 25.6% 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.
Smart home automation market data book summary
| Market revenue in 2022 | USD 5,155.2 million |
| Market revenue in 2030 | USD 31,999.1 million |
| Growth rate | 25.6% (CAGR from 2022 to 2030) |
| Largest segment | Other devices |
| Fastest growing segment | Home Healthcare |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 6.4% of the global smart home automation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany smart home automation market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 27,737.6 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Snap One Holdings Corp | View profile | 1610 | 1800 Continental Boulevard, Suite 200, Charlotte, NC, United States, 28273 | https://www.snapone.com |
| Crestron Electronics | View profile | 1001-5000 | Rockleigh, New Jersey, United States, North America | http://www.crestron.com |
| Lutron Electronics | View profile | 1001-5000 | Coopersburg, Pennsylvania, United States, North America | http://www.lutron.com/ |
| Legrand SA | View profile | 33910 | 128, Avenue de Lattre de Tassigny, Cedex, Limoges, France, 87045 | https://www.legrand.com |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| Leviton Manufacturing | View profile | 10001+ | Melville, New York, United States, North America | https://www.leviton.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Germany 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 24.81% in 2022. Horizon Databook has segmented the Germany 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 notable region growth can be credited to the increasing trend of automation for security and access applications. Moreover, the region is anticipated to have a technologically friendly population which is expected to increase adoption of smart home automation. Additionally, the wireless technology trend for smart device communication for automation purposes is expected to further the market growth in the country.
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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 country-level data and insights on the Germany smart home automation market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart home automation market size, by product, 2018-2030 (US$M)
Germany Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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