Smart Home Devices Market Size 2021 Exploding Revenue Drivers
Smart Home Appliance Market
The business research company offers “Global Smart Home Devices Market Report 2021: COVID-19 Growth and Change” in its research reports store. This is the most comprehensive report available in this market and it will help to gain a truly global perspective as it covers 60 geographies. The regional and country breakdown section gives an analysis of the market in each geographic area and the market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players can adopt.
The smart home devices market report describes and explains the global smart home devices market and covers the years 2015 to 2020, referred to as historical period, and 2020 to 2025, referred to as forecast period, along with others forecast for the period 2025-2030. The report assesses the market in each region and for the major economies in each region.
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The smart home devices market includes sales of smart home appliances and appliances. Smart home devices are controlled remotely from any internet-connected location in the world using a mobile device or any other network device. Smart home devices are interconnected so that the user has access to control functions such as home security control, temperature, lighting and home theater.
The global smart home device market is expected to grow from $ 54.77 billion in 2020 to $ 60.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The smart home devices market is expected to reach $ 123.36 billion in 2025 at a CAGR of 19.6%.
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Some of the major players in the smart home appliance market are ABB Ltd, General Electric Company, Johnson Controls, Inc., Siemens AG, and Schneider Electric SE.
Countries covered in the global smart home device market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, ‘Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam .
The regions covered by the global smart home devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Global smart home devices market is segmented –
1) By technology: Wi-Fi technology, Bluetooth technology
2) By application: energy management, air conditioning system, health care system, home entertainment system, lighting control system, security and access control system
3) By sales channel: online, offline
Learn more about the Global Smart Home Devices Market report:
Some points from the table of contents
2. Characteristics of the smart home devices market
3. Smart Home Appliance Market Trends and Strategies
4. Impact of COVID-19 on smart home devices
5.Size and growth of smart home devices market
26. Smart home devices market in Africa
27. Smart Home Devices Market Competitive Landscape and Company Profiles
28. Key mergers and acquisitions in the smart home device market
29. Future Prospects of Smart Home Devices Market and Potential Analysis
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