Germany Smart Home Market Size & Outlook, 2023-2030
Germany smart home market, 2018-2030 (US$M)
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Germany smart home market highlights
- The Germany smart home market generated a revenue of USD 4,672.6 million in 2023 and is expected to reach USD 18,916.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 22.1% from 2024 to 2030.
- In terms of segment, other devices was the largest revenue generating product in 2023.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
Smart home market data book summary
| Market revenue in 2023 | USD 4,672.6 million |
| Market revenue in 2030 | USD 18,916.5 million |
| Growth rate | 22.1% (CAGR from 2023 to 2030) |
| Largest segment | Other devices |
| Fastest growing segment | Home Healthcare |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 4.7% of the global smart home market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK smart home market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 13,900.0 million by 2030.
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Smart Home Market Scope
Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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.
Other devices was the largest segment with a revenue share of 25.45% in 2023. Horizon Databook has segmented the Germany 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.
Germany witnessed a substantial market revenue of USD 3,805.6 million in 2022 following the demand for smart homes in the residential sector. The significant growth in this country is attributed to the rising adoption of smart technologies in security and access applications.
Furthermore, the country is driven by a technologically inclined population, which is likely to drive the adoption of smart home market over the forecast period. Additionally, the increasing trend of wireless technology for smart device communication in applications is expected to contribute to the market's growth in the region.
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Target buyers of Germany smart home market databook
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Our clientele includes a mix of smart home 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 market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart home market size, by product, 2018-2030 (US$M)
Germany Smart Home Market Outlook Share, 2023 & 2030 (US$M)
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