Smart Home Devices Market Size [2022-2030] | Trending Report | Future Strategic Planning, Investment Plans, Growth Rate till 2030

According to the most recent analysis by Emergen Research, the global market for smart home devices had a value of USD 84.52 billion in 2021 and is projected to grow at a rate of 10.4% over the forecast period. An essential driver boosting market revenue growth is the adoption of lighting controllers with built-in data communication technologies. The lighting control sector has experienced substantial growth in recent years. This market offers a wide variety of products, including timers, daylight sensors, dimmer switches, and occupancy sensors. These things can be utilised singly or in combination. For the integration of home automation, they are compatible with both wireless network and wired network technologies.

In addition to completing standard tasks like closing curtains, dimming lights, and turning off lights, smart homes are also capable of more complex tasks like immediately lighting up escape routes in the event of a fire alert. Security cameras, utility metres, and thermostats are just a few examples of the household appliances that now have connectivity as a high-end novelty. The trend of connectedness is expected to spread over the next few years to the point where it practically permeates every appliance and piece of equipment in a home.

Some Key Highlights From the Report

• Smart homes are capable of more difficult duties like instantly illuminating escape routes in the event of a fire alert, in addition to typical ones like closing curtains, dimming lights, and turning lights off. Thermostats, security cameras, and utility metres are just a few examples of the home goods that now feature connection as a high-end novelty. Over the following few years, it’s anticipated that the connection trend will intensify to the point where it almost pervades every piece of equipment and device in a home.
• The smart home gadget segment with prices under USD 25 represented the greatest revenue share in 2021. The least expensive smart home equipment allow anyone to boost their house’s intelligence without breaking the bank. There are a number of affordably priced gadgets that can be used to turn on the lights, change the temperature, play music, and even keep an eye on the property while the owner is away. For instance, the USD 25 Wemo WiFi Smart Plug is one of the best affordable smart home devices and, in our opinion, the best smart plug. The Wemo Mini is smaller than alternatives even when compared to its predecessor.
• SAMSUNG, LG Electronics, Honeywell International Inc., Schneider Electric, Koninklijke Philips N.V, Amazon.com, Inc., Robert Bosch GmbH, Apple Inc., Panasonic Holdings Corporation, and Sony Corporation are a few of the significant firms in the global market study.

Emergen Research has segmented the global smart home devices market on the basis of product, price range, sales channel, and region:

• Product Outlook (Revenue, USD Billion; 2019–2030)
  • Fire Suppression
  • Lighting Control
    1. Relays
    2. Occupancy Sensors
    3. Daylight Sensors
    4. Timers
    5. Dimmers
    6. Switches
    7. Accessories and Other Products
  • Security and Access Control
    1. Video Surveillance
    2. Hardware
    3. Software/Video Analytics
    4. Price Ranges
  • Access Control
    1. Biometric Access Control
    2. Non-Biometric Access Control
  • HVAC Control
    1. Smart Thermostats
    2. Sensors
    3. Control Valves
    4. Heating & Cooling Coils
    5. Dampers
    6. Actuators
    7. Pumps & Fans
    8. Smart Vents
  • Entertainment and Other Controls
    1. Entertainment Control
    2. Other Controls
  • Smart Speaker
  • Home Healthcare
    1. Health Status Monitors
    2. Physical Activity Monitors
  • Smart Kitchen
    1. Smart Refrigerators
    2. Smart Coffee Makers
    3. Smart Kettles
    4. Smart Dish Washers
    5. Smart Ovens
    6. Smart Cooktops
    7. Smart Cookers
  • Home Appliances
    1. Smart Washers
    2. Smart Dryers
    3. Smart Water Heaters
    4. Smart Vacuum Cleaners
  • Smart Furniture
    1. Smart Tables
    2. Smart Desks
    3. Smart Stools & Benches
    4. Smart Sofas
    5. Smart Chairs

• Price Range Outlook (Revenue, USD Billion; 2019–2030)
  • Below USD 25 Smart Home Device
  • USD 25-50 Smart Home Device
  • Above USD 50 Smart Home Device

• Sales Channel Outlook (Revenue, USD Billion; 2019–2030)
  • Online
  • Offline

• Regional Outlook (Revenue, USD Billion; 2019–2030)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Spain
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. UAE
    2. South Africa
    3. Saudi Arabia
    4. Rest of MEA

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