Smart Homes & Buildings Market 2021 Size with Global Demand Analysis and Business Opportunities Outlook 2030

In a recent published report, Kenneth Research has updated the market report for Smart Homes & Buildings Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart Homes & Buildings Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Smart Homes & Buildings Market is estimated to reach $146.1 billion by 2025; growing at a CAGR of 32.1% from 2017 to 2025. Smart homes & buildings comprises major building systems on a common network, and shares information as well as functionality between systems to increase energy efficiency and operational effectiveness. These buildings integrated with smart technology refers to build environments like corporate offices, residential homes, hospitals, schools, museums, university campuses, malls, and outdoor areas which are aided for the co-operation of smart objects & systems. Widely used various smart technologies include bluetooth, Zigbee, RFID, GSM/GPRS, and Wi-Fi. With increasing energy cost and high requirement of integrated security & safety solutions, the global smart homes & buildings market is likely to register high growth over the forecasted period.

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.

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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.

The key market players include Siemens AG, Cisco Systems, Inc., Schneider Electric, Smarthome, Inc., Emerson Electric Co., Honeywell International Inc., Delta Controls, Control4 Corporation, Ingersoll-Rand plc, and Hitachi, Ltd., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Smart Homes & Buildings Market with respect to major segments such as product, technology, application, and end user

The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Smart Homes & Buildings Market has been included in the report

Profile of the key players in the Global Smart Homes & Buildings Market will be provided, which include key financials, product & services, new developments and business strategies

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Scope of the Global Smart Homes & Buildings Market
Product Segments

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

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
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Smart Homes & Buildings Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers Impact Analysis
3.3.2 Restraints Impact Analysis
3.3.3 Opportunities

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