Dublin, May 14, 2025 (Globe Newswire) – The “Europa Smart Home Market according to product type (Smart Lighting Systems, Smart Loudspeaker, Smart Security and Monitoring Systems, Smart HVAC Control), protocol standard (wireless protocols, wired protocols, hybrid protocols) – Predication by 2031” was added. Researchandmarkets.com Offer.
The Europe Smart Home Market is expected to reach 67.5 billion US dollars with a CAGR of 13.9% from 2024 to 2031 by 2031.
The growth of the Europa -Smart Home Market is due to the increasing need for security and security at home, which promote state initiatives to promote the introduction of intelligent technologies and the more comprehensive spread of the Internet of Things (IoT) technologies. However, the high procurement costs adhere to the growth of this market.
In addition, it is expected that the needs of consumers will cause growth opportunities for market shares after complete flexibility and adaptation. However, data protection and security concerns and compatibility of smart home solutions with the existing infrastructure are major challenges on the European Smart Home Market.
Based on the Protocol & Standard, the Europe Smart Home Market is divided into wireless protocols, wired protocols and hybrid protocols. In 2024, the segment for wireless protocols was responsible for the largest proportion of 64.9% of the Europe Smart Home Market. The large market share of the segment is due to the increasing investments in smart home automation, increasing progress in wireless communication standards and the increasing demand for seamless connectivity, interoperability and energy-efficient communication solutions for smart home applications. In addition, this segment is expected to register the highest CAGR of 14.7% in the forecast period.
Based on the country/region, the Europa Smart Home Market is divided into Germany, Great Britain, France, Italy, Spain, the Netherlands, Switzerland, Sweden, Denmark, Russia, Norway and the rest of Europe. In 2024, Germany was responsible for the largest share of 25.9% of the Europe Smart Home Market. The main market share of Germany can be attributed to the increasing inclusion of intelligent technologies and the increasing government initiatives to support the introduction of intelligent devices in the living infrastructure. In addition, the presence of prominent players supports the growth of the Europa Smart Home Market.
In June 2024, for example, Bosch Smart Home (a subsidiary of Robert Bosch GmbH (Germany) introduced a pioneering update for the Bosch Smart Home Controller II. This update enables Bosch-Smart-Home devices that developed from the connection allies developed by the connective and bonocing stealers CSA stealers (CSA) (CSA).
However, the Norway is expected to register the highest CAGR of 15.6% in the forecast period. The growth of this market is attributed to the increasing awareness of consumers, which increases the Norwegian government, which supports the development of intelligent networks, and regulatory support, financial incentives and strategic investments in digital infrastructures.
Key questions answered in the report:
- Which market segments with high growth are based on the product type and protocol and standard?
- What was the historical market for Europe Smart Home?
- What are the market forecasts and estimates for the period 2024-2031?
- What are the most important drivers, restrictions and opportunities on the Europa -Smart Home market?
- Who are the main actors on the Europa Smart Home Market?
- What is the competitive landscape?
- What are the latest developments on the Europa -Smart Home market?
- What are the different strategies that the main actors apply to the Europa -Smart Home market?
- What are the most important geographical trends and which are the growth -strong countries?
- Who are the up -and -coming players on the Europa Smart Home Market and how do you compete with the other players?
Market views
Factors that influence market growth
- Broader distribution of Internet of Things (IoT) technologies
- Increased state initiatives to promote the introduction of intelligent technologies
- Increasing need for security and security at home
- High procurement costs
- The consumer requires complete flexibility and adaptation
- Data protection and security concerns
- Compatibility of the smart home solutions with the existing infrastructure
Key trends
- Increase in the introduction of AI-controlled IoT solutions
- Growing demand for energy -efficient solutions
Case studies
Porters five forces analyzes
Companies presented
- LG Electronics Inc. (South Korea)
- Assa Abloy from (Sweden)
- Amazon Web Services Inc. (USA) (a subsidiary of Amazon.com Inc.)
- Samsung Electronics Co. Ltd. (South Korea)
- Size electrical (France)
- Siemens AG (Germany)
- Google LLC (USA) (a subsidiary of Alphabet Inc.)
- Apple Inc. (USA)
- Legrand in (France)
- Johnson controls International PLC (Ireland)
- Honeywell International Inc. (USA)
- Ecobee Technologies Ulc (Canada) (a subsidiary of Generac Power Systems Inc.)
- Robert Bosch GmbH (Germany)
- Fig Ltd. (Switzerland)
- Axis communication (Sweden) (a subsidiary of Canon Inc.).
Europa Smart Home Market Assessment – according to product type
- Smart Security & Monitoring Systems
- Smart Locks & Access Control
- Smart Home interfaces
- Intelligent surveillance cameras
- Smart speaker
- Smart Lighting Systems
- Smart HLK control
- Smart thermostats
- Smart air conditioning
- Intelligent ventilation slots
- Smart Entertainment Systems
- Smart Home Appliances
- Intelligent washing machines
- Robot vacuum cleaner
- Smart hot water rider
- Smart kitchen appliances
- Smart refrigerators
- Intelligent dishwasher
- Smart coffee maker
- Intelligent ovens
- Smart Home Healthcare Systems
- Smart furniture
- Smart sofas & deck chairs
- Smart tables & desks
Europa Smart Home Market Assessment – according to Protocol & Standard
- Wireless protocol
- WiFi
- Cigbee
- Bluetooth
- Z-wave
- thread
- Enocean
- Cable protocol
- KNX
- Upb
- X1O
- Bacet
- Lonworks
- DALI
- Modbus
- Ethernet
- Hybrid protocol
- C-bus
- Inston
Europa Smart Home Market Assessment – by country/region
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- Denmark
- Switzerland
- Sweden
- Russia
- Norway
- Rest of Europe
Further information on this report can be found at https://www.rees areaterandandmarkets.com/r/jhc45l
Via Research undmarkets.com
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