Press Release

Smart Home Market Analysis & Technological Innovations by Leading Key Players Forecast to 2026

Top Players in Smart Home Market are ABB Ltd., Assa Abloy, Centrica Connected Home Limited, Control4 Corporation, Crestron Electronics, Emerson Electric Co., General Electric Company, Honeywell International, Johnson Controls, Inc., Samsung Group, Schneider Electric SE, Sony Corporation

The global smart home market size is projected to reach USD 622.59 billion by 2026, thereby exhibiting a CAGR of 29.3% during the forecast period. Fortune Business Insights™ published this information in a recent study, titled, “Smart Home Market Size, Share & Industry Analysis, By Product (Home Monitoring/Security, Smart Lighting, Entertainment, Smart Appliances, and Others (Thermostat, etc.)), and Regional Forecast, 2019-2026.”

The report further mentions that the market was valued at USD 79.90 billion in 2018. It is likely to gain momentum from the rising mergers and acquisitions between prominent companies for developing novel solutions for residences.

Highlights of the Report

  • Extensive analysis of the competitive landscape, such as mergers, acquisitions, contracts, agreements, strategic collaborations, and innovative product launches.
  • In-depth information about the smart home market trends, growth drivers, barriers, opportunities, and challenges.
  • List of all the segments present in the market.

To gain more insights into the market with a detailed table of content and figures, click here –

Quantify Technology Joins Hands with Harvey Norman and 3PG

December 2019: Quantify Technology, a pioneer of Truly Intelligent Buildings (TIB) and the Internet of Things (IoT), based in Western Australia, announced that it has signed an agreement with Harvey Norman Commercial Division, and 3 Property Group (3PG). The agreement will ensure that all the future 3PG projects must possess Quantify’s smart home solutions for the next three years. These innovative solutions will be available in the market under the name of ‘3Q Home Automation.’ The agreement is worth $170,000 and is vital for Quantify as it would help the company in entering the flourishing market in the ACT. The solutions will be provided in total of 53 townhouses across Sage and Soho and Balcombe Terraces projects.

Fortune Business Insights™ profiles some of the renowned companies operating in the smart home market. They are as follows:

  • ABB Ltd.
  • Assa Abloy
  • Centrica Connected Home Limited
  • Control4 Corporation
  • Crestron Electronics
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International
  • Johnson Controls, Inc.
  • Samsung Group
  • Schneider Electric SE
  • Sony Corporation
  • Other key market players

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Increasing Adoption of Smart Devices for Energy Management to Boost Growth

Numerous countries, such as South Korea, China, Canada, India, Brazil, and Germany, are utilizing green building policies. This initiative would aid in creating immense opportunities for the market during the forecast period. It is also expected to promote the adoption of energy management smart devices, namely, smart plugs, smart meters, and thermostats. The governments of various countries across the world are putting forward many projects and taking initiatives to develop green buildings for sustainable living. Besides, technological advancements in data communication and the rising number of smart city projects are likely to drive smart home market growth in the coming years.

Market Segmentation –

1. By Product

  • Home Monitoring/Security
    • Security Cameras
    • Smart Door locks
    • Others (Storage Devices, Servers, Doorbells, etc.)
  • Smart Lighting
  • Entertainment
    • Speakers/Soundbars
    • Voice Assistant
    • Smart TV/Projectors/Monitors
    • Wearable
    • Others (Smart Remote etc.)
  • Smart Appliances
    • Smart Refrigerators
    • Smart Air Conditioners
    • Others (Smart Vacuum Cleaners, Washing Machines etc.)
  • Others (Thermostat, etc.)

2. By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

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Detailed Table of Content – 

1.1.Definition, By Segment
1.2.Research Approach
2.Executive Summary
3.Market Dynamics
3.1.Drivers, Restraints, and Opportunities
3.2.Emerging Trends
4.Key Insights
4.1.Macro and Micro Economic Indicators
4.2.Consolidated SWOT Analysis of Key Players
4.3.Porters Five Forces Analysis
5.Global Smart Home Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Size Estimates and Forecasts
5.2.1.By Product (Value) Monitoring/Security Cameras Door locks (Storage Devices, Servers, Doorbells, etc.) Lighting Assistant TV/Projectors/Monitors (Smart Remote etc.) Appliances Refrigerators Air Conditioners (Smart Vacuum Cleaners, Washing Machines etc.) (Thermostat, etc.)
5.2.2.By Region (Value) America Pacific East & Africa America
6.North America Smart Homes Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.1.1.By Product (Value) Monitoring/Security Cameras Door locks (Storage Devices, Servers, Doorbells, etc.) Lighting Assistant TV/Projectors/Monitors (Smart Remote etc.) Appliances Refrigerators Air Conditioners (Smart Vacuum Cleaners, Washing Machines etc.) (Thermostat, etc.)
6.1.2.By Country (Value)
7.Europe Smart Homes Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.1.1.By Product (Value) Monitoring/Security Cameras Door locks (Storage Devices, Servers, Doorbells, etc.) Lighting Assistant TV/Projectors/Monitors (Smart Remote etc.) Appliances Refrigerators Air Conditioners (Smart Vacuum Cleaners, Washing Machines etc.) (Thermostat, etc.)
7.1.2.By Country (Value) of Europe

TOC Continued…!!

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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