Smart Home Market Will Surpass $196.5 Billion by 2030, Says P&S Intelligence | Jobs Reply


NEW YORK, December 14, 2022 /PRNewswire/ — The global smart home market worth approx $82.0 billion in 2021, which is set to touch $196.5 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030, according to P&S Intelligence. This is due to the increase in disposable income in emerging economies, the growing importance of remote home monitoring, an increase in the number of active internet users, and the increased adoption of smart devices.

APAC is a Basic Hub for Smart Homes

The APAC region will grow at a CAGR of 11.1% in the coming years. Product sales in the region are primarily driven by the growing demand for smart home appliances in developing nations, including India, Chinaand South Korea.

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North America it is predicted to dominate the industry in the coming years. The regional market is driven by the need for affordable and reliable home management systems, including state-of-the-art security and safety systems.

Sales of Smart Entertainment Devices Continue to Boom Globally

Sales of entertainment devices account for the largest share, and will maintain their position in the coming years as well. This is a result of the wide variety of options provided by technology vendors for managing and operating home entertainment systems.

For example, Alexa, an Amazon device, gives news and sports scores, manages lights, TVs and alarms and provides other information to customers.

Technology Adoption is increasing due to Development of Smart Cities

Various nations are implementing green building policies, creating great opportunities for smart home appliances and related software vendors.

Green building projects of the future would be embedded with cutting-edge environmentally friendly technologies, with an emphasis on energy saving. Governments in various countries have taken the significant steps to promote the development of green buildings, as well as improve data communication technologies and related devices, driving the demand for such gadgets.

The Use Of Cost-Efficient And Energy-Efficient Home Appliances Is Growing

Through automated function settings and smart gadget operations, users can reduce energy use and bills.

Browse a detailed description of Smart Home Market Share, Growth and Demand Forecast to 2030

The market is also expanding as a result of the sharp increase in the need for smart home healthcare solutions, expanding use of new technologies in homes, such as IoT, and the global need for lower carbon emission solutions.

One of the main factors contributing to the growth of the smart home sector is the effective integration of automation technologies into domestic appliances by professional and managed service providers. The wide availability of professional services could significantly increase the adoption of such solutions.

Global Smart Home Market Report Cover

By Product

  • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
    • Hardware
      • Cameras
      • Storage Devices
      • Monitors
      • Other Accessories
    • Software/Video Analytics
    • Services
  • Access Control
    • Biometric Access Control
      • Fingerprints
      • Palm Identification
      • Journal Recognition
      • Facial Recognition
      • Voice Recognition
    • Non-Biometric Access Control
      • Card-based Readers
      • Multi-Tech Readers
      • Electronic locks
      • Controllers
  • HVAC control
    • Smart Thermostats
    • Sensors
    • Control Valves
    • Heating & Cooling Coils
    • Dampers
    • Agents
    • Pumps & Fans
    • Smart Vans
  • Entertainment
    • Audio & Volume Controls
    • Home Theater System Controls
    • Touch Screen & Keypads
  • Smart Speaker
  • Home Health Care
    • Health Status Monitors
    • Physical Activity Monitors
  • Smart Kitchen
    • Smart Refrigerators
    • Smart Coffee Makers
    • Smart Kettles
    • Smart Dishwashers
    • Smart Ovens
    • Smart Cooktops
    • Smart Cooks
  • Home Appliances
    • Smart Washers
    • Smart Dryers
    • Smart Water Heaters
    • Smart Vacuum Cleaners
  • Smart Furniture
    • Smart Tables
    • Smart Desks
    • Smart Stools & Benches
    • Smart Sofas
    • Smart Chairs

Through Software & Services

By Sales Channel

Regional Analysis

  • North America
  • Europe
    • Germany
    • SAY
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
  • The Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

Browse More Reports Published by P&S

Global Smart Light Fixture and Control Market Size, Share, Growth and Demand Forecast Report

Global Smart Lighting Market Size, Share, Growth, and Demand Forecast to 2030

Global Smart Home Appliances Market Size, Share, Growth, and Demand Forecast to 2030

Global Smart Water Meter Market Size, Share, Growth, and Demand Forecast to 2030

About P&S information

P&S Intelligence provides market research and consulting services to a wide range of industries worldwide. As an entrepreneurial research and consulting company, P&S believes in providing thorough insights into the ever-changing market situation, to enable companies to make informed decisions and intelligently base their business strategies. P&S keeps its clients’ interests at heart, which is why the insights we provide are honest and accurate. Our long list of satisfied clients includes entry-level businesses as well as multi-million dollar businesses and government agencies.

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