Global Smart Home Solutions Market Research Report 2023

Smart home is a residential as a platform, using the integrated wiring technology, network communication technology, security technology, automatic control technology, audio and video technology to integrate the household life related facilities, schedule to build efficient residential facilities and family affairs management system, improve home security, convenience, comfort, artistry, and realize environmental protection and energy saving living environment.

The global Smart Home Solutions market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The global smart home solution market is expected to witness high revenue growth during the forecast period. This growth is attributed to the increasing inclination towards conserving energy, globally.

This report aims to provide a comprehensive presentation of the global market for Smart Home Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Home Solutions.

The Smart Home Solutions market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Smart Home Solutions market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Smart Home Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Smart Home Solutions Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Hardware

1.2.3 Software(Intelligent Security System/Energy Management)

1.2.4 Service(Professional Services and Consulting)

1.3 Market by Application

1.3.1 Global Smart Home Solutions Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Security and Surveillance

1.3.3 HVAC

1.3.4 Lighting Solutions

1.3.5 Building Energy Management

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Smart Home Solutions Market Perspective (2018-2029)

2.2 Smart Home Solutions Growth Trends by Region

2.2.1 Global Smart Home Solutions Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Smart Home Solutions Historic Market Size by Region (2018-2023)

2.2.3 Smart Home Solutions Forecasted Market Size by Region (2024-2029)

2.3 Smart Home Solutions Market Dynamics

2.3.1 Smart Home Solutions Industry Trends

2.3.2 Smart Home Solutions Market Drivers

2.3.3 Smart Home Solutions Market Challenges

2.3.4 Smart Home Solutions Market Restraints

3.1 Global Top Smart Home Solutions Players by Revenue

3.1.1 Global Top Smart Home Solutions Players by Revenue (2018-2023)

3.1.2 Global Smart Home Solutions Revenue Market Share by Players (2018-2023)

3.2 Global Smart Home Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Smart Home Solutions Revenue

3.4 Global Smart Home Solutions Market Concentration Ratio

3.4.1 Global Smart Home Solutions Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Smart Home Solutions Revenue in 2022

3.5 Smart Home Solutions Key Players Head office and Area Served

3.6 Key Players Smart Home Solutions Product Solution and Service

3.7 Date of Enter into Smart Home Solutions Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Smart Home Solutions Historic Market Size by Type (2018-2023)

4.2 Global Smart Home Solutions Forecasted Market Size by Type (2024-2029)

5.1 Global Smart Home Solutions Historic Market Size by Application (2018-2023)

5.2 Global Smart Home Solutions Forecasted Market Size by Application (2024-2029)

6.1 North America Smart Home Solutions Market Size (2018-2029)

6.2 North America Smart Home Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Smart Home Solutions Market Size by Country (2018-2023)

6.4 North America Smart Home Solutions Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Smart Home Solutions Market Size (2018-2029)

7.2 Europe Smart Home Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Smart Home Solutions Market Size by Country (2018-2023)

7.4 Europe Smart Home Solutions Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Smart Home Solutions Market Size (2018-2029)

8.2 Asia-Pacific Smart Home Solutions Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Smart Home Solutions Market Size by Region (2018-2023)

8.4 Asia-Pacific Smart Home Solutions Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Smart Home Solutions Market Size (2018-2029)

9.2 Latin America Smart Home Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Smart Home Solutions Market Size by Country (2018-2023)

9.4 Latin America Smart Home Solutions Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Smart Home Solutions Market Size (2018-2029)

10.2 Middle East & Africa Smart Home Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Smart Home Solutions Market Size by Country (2018-2023)

10.4 Middle East & Africa Smart Home Solutions Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Siemens

11.1.1 Siemens Company Detail

11.1.2 Siemens Business Overview

11.1.3 Siemens Smart Home Solutions Introduction

11.1.4 Siemens Revenue in Smart Home Solutions Business (2018-2023)

11.1.5 Siemens Recent Development

11.2 United Technologies

11.2.1 United Technologies Company Detail

11.2.2 United Technologies Business Overview

11.2.3 United Technologies Smart Home Solutions Introduction

11.2.4 United Technologies Revenue in Smart Home Solutions Business (2018-2023)

11.2.5 United Technologies Recent Development

11.3 General Electric

11.3.1 General Electric Company Detail

11.3.2 General Electric Business Overview

11.3.3 General Electric Smart Home Solutions Introduction

11.3.4 General Electric Revenue in Smart Home Solutions Business (2018-2023)

11.3.5 General Electric Recent Development

11.4 Schneider Electric

11.4.1 Schneider Electric Company Detail

11.4.2 Schneider Electric Business Overview

11.4.3 Schneider Electric Smart Home Solutions Introduction

11.4.4 Schneider Electric Revenue in Smart Home Solutions Business (2018-2023)

11.4.5 Schneider Electric Recent Development

11.5 Honeywell International

11.5.1 Honeywell International Company Detail

11.5.2 Honeywell International Business Overview

11.5.3 Honeywell International Smart Home Solutions Introduction

11.5.4 Honeywell International Revenue in Smart Home Solutions Business (2018-2023)

11.5.5 Honeywell International Recent Development

11.6 Ingersoll-Rand

11.6.1 Ingersoll-Rand Company Detail

11.6.2 Ingersoll-Rand Business Overview

11.6.3 Ingersoll-Rand Smart Home Solutions Introduction

11.6.4 Ingersoll-Rand Revenue in Smart Home Solutions Business (2018-2023)

11.6.5 Ingersoll-Rand Recent Development

11.7 Johnson Controls

11.7.1 Johnson Controls Company Detail

11.7.2 Johnson Controls Business Overview

11.7.3 Johnson Controls Smart Home Solutions Introduction

11.7.4 Johnson Controls Revenue in Smart Home Solutions Business (2018-2023)

11.7.5 Johnson Controls Recent Development

11.8 ABB

11.8.1 ABB Company Detail

11.8.2 ABB Business Overview

11.8.3 ABB Smart Home Solutions Introduction

11.8.4 ABB Revenue in Smart Home Solutions Business (2018-2023)

11.8.5 ABB Recent Development

11.9 Legrand

11.9.1 Legrand Company Detail

11.9.2 Legrand Business Overview

11.9.3 Legrand Smart Home Solutions Introduction

11.9.4 Legrand Revenue in Smart Home Solutions Business (2018-2023)

11.9.5 Legrand Recent Development

11.10 Samsung Electronics

11.10.1 Samsung Electronics Company Detail

11.10.2 Samsung Electronics Business Overview

11.10.3 Samsung Electronics Smart Home Solutions Introduction

11.10.4 Samsung Electronics Revenue in Smart Home Solutions Business (2018-2023)

11.10.5 Samsung Electronics Recent Development

11.11 Acuity Brands

11.11.1 Acuity Brands Company Detail

11.11.2 Acuity Brands Business Overview

11.11.3 Acuity Brands Smart Home Solutions Introduction

11.11.4 Acuity Brands Revenue in Smart Home Solutions Business (2018-2023)

11.11.5 Acuity Brands Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Smart Home Solutions Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Hardware

    Table 3. Key Players of Software(Intelligent Security System/Energy Management)

    Table 4. Key Players of Service(Professional Services and Consulting)

    Table 5. Global Smart Home Solutions Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Smart Home Solutions Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Smart Home Solutions Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Smart Home Solutions Market Share by Region (2018-2023)

    Table 9. Global Smart Home Solutions Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Smart Home Solutions Market Share by Region (2024-2029)

    Table 11. Smart Home Solutions Market Trends

    Table 12. Smart Home Solutions Market Drivers

    Table 13. Smart Home Solutions Market Challenges

    Table 14. Smart Home Solutions Market Restraints

    Table 15. Global Smart Home Solutions Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Smart Home Solutions Market Share by Players (2018-2023)

    Table 17. Global Top Smart Home Solutions Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Home Solutions as of 2022)

    Table 18. Ranking of Global Top Smart Home Solutions Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Smart Home Solutions Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Smart Home Solutions Product Solution and Service

    Table 22. Date of Enter into Smart Home Solutions Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Smart Home Solutions Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Smart Home Solutions Revenue Market Share by Type (2018-2023)

    Table 26. Global Smart Home Solutions Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Smart Home Solutions Revenue Market Share by Type (2024-2029)

    Table 28. Global Smart Home Solutions Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Smart Home Solutions Revenue Market Share by Application (2018-2023)

    Table 30. Global Smart Home Solutions Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Smart Home Solutions Revenue Market Share by Application (2024-2029)

    Table 32. North America Smart Home Solutions Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Smart Home Solutions Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Smart Home Solutions Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Smart Home Solutions Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Smart Home Solutions Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Smart Home Solutions Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Smart Home Solutions Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Smart Home Solutions Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Smart Home Solutions Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Smart Home Solutions Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Smart Home Solutions Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Smart Home Solutions Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Smart Home Solutions Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Smart Home Solutions Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Smart Home Solutions Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Siemens Company Detail

    Table 48. Siemens Business Overview

    Table 49. Siemens Smart Home Solutions Product

    Table 50. Siemens Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 51. Siemens Recent Development

    Table 52. United Technologies Company Detail

    Table 53. United Technologies Business Overview

    Table 54. United Technologies Smart Home Solutions Product

    Table 55. United Technologies Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 56. United Technologies Recent Development

    Table 57. General Electric Company Detail

    Table 58. General Electric Business Overview

    Table 59. General Electric Smart Home Solutions Product

    Table 60. General Electric Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 61. General Electric Recent Development

    Table 62. Schneider Electric Company Detail

    Table 63. Schneider Electric Business Overview

    Table 64. Schneider Electric Smart Home Solutions Product

    Table 65. Schneider Electric Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 66. Schneider Electric Recent Development

    Table 67. Honeywell International Company Detail

    Table 68. Honeywell International Business Overview

    Table 69. Honeywell International Smart Home Solutions Product

    Table 70. Honeywell International Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 71. Honeywell International Recent Development

    Table 72. Ingersoll-Rand Company Detail

    Table 73. Ingersoll-Rand Business Overview

    Table 74. Ingersoll-Rand Smart Home Solutions Product

    Table 75. Ingersoll-Rand Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 76. Ingersoll-Rand Recent Development

    Table 77. Johnson Controls Company Detail

    Table 78. Johnson Controls Business Overview

    Table 79. Johnson Controls Smart Home Solutions Product

    Table 80. Johnson Controls Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 81. Johnson Controls Recent Development

    Table 82. ABB Company Detail

    Table 83. ABB Business Overview

    Table 84. ABB Smart Home Solutions Product

    Table 85. ABB Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 86. ABB Recent Development

    Table 87. Legrand Company Detail

    Table 88. Legrand Business Overview

    Table 89. Legrand Smart Home Solutions Product

    Table 90. Legrand Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 91. Legrand Recent Development

    Table 92. Samsung Electronics Company Detail

    Table 93. Samsung Electronics Business Overview

    Table 94. Samsung Electronics Smart Home Solutions Product

    Table 95. Samsung Electronics Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 96. Samsung Electronics Recent Development

    Table 97. Acuity Brands Company Detail

    Table 98. Acuity Brands Business Overview

    Table 99. Acuity Brands Smart Home Solutions Product

    Table 100. Acuity Brands Revenue in Smart Home Solutions Business (2018-2023) & (US$ Million)

    Table 101. Acuity Brands Recent Development

    Table 102. Research Programs/Design for This Report

    Table 103. Key Data Information from Secondary Sources

    Table 104. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Smart Home Solutions Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Smart Home Solutions Market Share by Type: 2022 VS 2029

    Figure 3. Hardware Features

    Figure 4. Software(Intelligent Security System/Energy Management) Features

    Figure 5. Service(Professional Services and Consulting) Features

    Figure 6. Global Smart Home Solutions Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Smart Home Solutions Market Share by Application: 2022 VS 2029

    Figure 8. Security and Surveillance Case Studies

    Figure 9. HVAC Case Studies

    Figure 10. Lighting Solutions Case Studies

    Figure 11. Building Energy Management Case Studies

    Figure 12. Smart Home Solutions Report Years Considered

    Figure 13. Global Smart Home Solutions Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 14. Global Smart Home Solutions Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 15. Global Smart Home Solutions Market Share by Region: 2022 VS 2029

    Figure 16. Global Smart Home Solutions Market Share by Players in 2022

    Figure 17. Global Top Smart Home Solutions Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Home Solutions as of 2022)

    Figure 18. The Top 10 and 5 Players Market Share by Smart Home Solutions Revenue in 2022

    Figure 19. North America Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. North America Smart Home Solutions Market Share by Country (2018-2029)

    Figure 21. United States Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Canada Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. Europe Smart Home Solutions Market Share by Country (2018-2029)

    Figure 25. Germany Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. France Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. U.K. Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Italy Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Russia Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Nordic Countries Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Asia-Pacific Smart Home Solutions Market Share by Region (2018-2029)

    Figure 33. China Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Japan Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. South Korea Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Southeast Asia Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. India Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Australia Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Latin America Smart Home Solutions Market Share by Country (2018-2029)

    Figure 41. Mexico Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Brazil Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Middle East & Africa Smart Home Solutions Market Share by Country (2018-2029)

    Figure 45. Turkey Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Saudi Arabia Smart Home Solutions Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. Siemens Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 48. United Technologies Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 49. General Electric Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 50. Schneider Electric Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 51. Honeywell International Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 52. Ingersoll-Rand Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 53. Johnson Controls Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 54. ABB Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 55. Legrand Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 56. Samsung Electronics Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 57. Acuity Brands Revenue Growth Rate in Smart Home Solutions Business (2018-2023)

    Figure 58. Bottom-up and Top-down Approaches for This Report

    Figure 59. Data Triangulation

    Figure 60. Key Executives Interviewed