Europe Smart Home Market Size & Outlook, 2023-2030
Europe smart home market, 2018-2030 (US$M)
Related Markets
Europe smart home market highlights
- The Europe smart home market generated a revenue of USD 24,734.1 million in 2023.
- The market is expected to grow at a CAGR of 24.8% from 2024 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2023.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 24,734.1 million |
| Market revenue in 2030 | USD 116,771.9 million |
| Growth rate | 24.8% (CAGR from 2023 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 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, Other Devices |
| Key market players worldwide | LG Electronics Inc ADR, Siemens AG, Amazon.com Inc, Alphabet Inc Class A, Samsung Electronics Co Ltd, Schneider Electric SE, Legrand SA, Bosch, Assa Abloy AB Class B, Sony Group Corp, ABB Ltd, Koninklijke Philips NV, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.6% of the global smart home market in 2023.
- 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 220,923.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Home Market Scope
Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe smart home 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 market will help companies and investors design strategic landscapes.
Security & access controls was the largest segment with a revenue share of 26.72% in 2023. Horizon Databook has segmented the Europe smart home market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is expected to observe a considerable rise in smart home adoption. The demand is expected to reach 116,772.1 million by 2030, with a CAGR of 24.8% over the forecast period. This growth is attributed to the presence of significant market players operating in the area, such as ABB Ltd., Legrand SA, Schneider Electric SE, Siemens AG, Robert Bosch GmbH, among others.
The upsurge in living standards, a robust Gross Domestic Product (GDP), a population inclined towards technology, and supportive government initiatives are expected to augment the growth of the smart home market across the region.
Furthermore, the increasing adoption of smart home systems in newly constructed homes, driven by their user-friendly installation and seamless device-to-device communication capabilities, is anticipated to further propel the smart home market growth in the region.
Reasons to subscribe to Europe smart home market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe smart home market databook
-
Our clientele includes a mix of smart home market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe smart home market size, by country, 2018-2030 (US$M)
Europe Smart Home Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
