Global Smart Homes & Buildings Market size is projected to be valued $146 Billion by 2025; with a CAGR of 32.1% from 2017 to 2025. Smart Home & Building is a hub that controls communications in a home automation network between home automation gadgets automatically or on command. It incorporates devices such as lights, locks, remote cameras, video-enabled doorbells, security frameworks, and even duties like pet feeding. Smart technology can upgrade the performance of homes & buildings, and the experiences of people living and working in them. They can help cut carbon emissions, reduce energy use, and support more intelligent, fast and flexible management of energy supply and demand. Responsive, flexible and intelligent assisted living services can give support for the elderly and those with chronic illnesses, helping them live better and for longer at home. This technology makes life easier and comfortable by allowing control through voice and mobile apps as well as using automation and artificial intelligence to support and predict our changing needs.

Growing energy cost, increasing government rules & initiatives, and increasing requirement for integrated security & safety solutions are the factors driving the growth of the smart homes & buildings market. However, high initial investment needed for well-integrated smart technologies may hinder the growth of the market. Moreover, growing trend of smart cities might provide with several growth opportunities in the forecasted years.

The global smart homes & buildings market is segmented on the basis of product, technology, application, end user, and geography. The market is segmented by product as safety & security products/devices (surveillance cameras, door locks, smoke detectors & fire sprinklers), controllers (light sensors, motion sensors, CO2 sensors, dimmers, timers, and energy efficient lights), and home appliance & entertainment controllers (thermostats, remote controls, & smart plugs and energy monitors). Technology comprises Bluetooth, Zigbee, RFID, GSM/GPRS, and Wi-Fi. Further, the market is segmented by application as energy management, lighting control, HVAC control, appliances & entertainment control, safety & security, and home healthcare & child safety. By end user, the market is classified into residential users (individual homes, residential buildings & housing societies), commercial users (corporate offices, industrial production units, healthcare facilities, retail outlets and convenient stores, & hotels & restaurants), and government organizations.

Based on geography, global smart homes & buildings market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

Major companies operating in the global Smart Homes & Buildings market are Cisco Systems, Inc., Hitachi, Ltd., Schneider Electric, Siemens AG, Emerson Electric Co., Smarthome, Inc., Honeywell International Inc., Control4 Corporation, Delta Controls, and Ingersoll-Rand plc, among others.

The key takeaways from the report

The detailed analysis of Global Smart Homes & Buildings Market with respect to key segments such as product, technology, application, end user and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including Growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Global Smart Homes & Buildings Market has been covered in the report
Profile of the major key players operating in the Global Smart Homes & Buildings Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies.

Scope of the Global Smart Homes & Buildings Market

Product Segments

Safety & Security Products/Devices
Surveillance Cameras
Door Locks
Smoke Detectors & Fire Sprinklers
Controllers
Light Sensors
Motion Sensors
CO2 Sensors
Dimmers
Timers
Energy Efficient Lights
Home Appliance & Entertainment Controllers
Thermostats
Remote Controls
Smart Plugs and Energy Monitors

Technology Segments

Bluetooth
Zigbee
RFID
GSM/GPRS
Wi-Fi

Application Segments

Energy Management
Lighting Control
HVAC Control
Appliances & Entertainment Control
Safety & Security
Home Healthcare & Child Safety

End User Segments

Residential Users
Individual Homes
Residential Buildings & Housing Societies
Commercial Users
Corporate Offices
Industrial Production Units
Healthcare Facilities
Retail Outlets and Convenient Stores
Hotels & Restaurants
Government Organizations

Geographical Segments

North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa