MarkNtel Advisors, a foremost research, consulting, and data analytical establishment, has recently issued a comprehensive research study on “Smart Home Market Size, Share, Analysis, Sales Forecast 2023-2028”. In the report we have stressed on putting forward a high-level understanding of the market & its various applications to assist the client in better analyzing the industry & its diverse sections.

What does the Study Entails in Smart Home Market Research Report?

  • By following rigorous research methodologies, our well-qualified researchers & analysts have put emphasize upon the market size, yearly growth, potential growth factors, profitable opportunities, and several other impactful details.
  • The study consists restraints, supply demand risks & pattern, unbiased statistics, as well as complete analysis of the historic, present & future period.
  • The SWOT & Porter's Five Forces Analysis frameworks have also been included to highlight the report's primary findings.
  • The Smart Home Market's attractiveness is outlined in the study, putting an emphasis on the services, mode of operation, and end users.
  • The crucial aspects of the market consisting of industry research, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment are also enlisted in the report

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Explore the Key Insights & Dynamic of the Smart Home Market

Key Driver: Rising Need for Energy Efficiency to Reduce Running Costs

With alarming levels of carbon emissions as a result of rising warming, energy efficiency is a crucial aspect of any country's development. As smart Home account for a considerable portion of the world's total energy consumption, the mounting consumer need for enhanced energy savings & minimized living costs is the prime aspect projected to drive the market during 2023-28. Additionally, the rising number of smart buildings owing to rapid urbanization, the increasing penetration of smartphones & the internet, growing adoption of intelligent technologies in Home, such as video doorbells, voice-assistants (Alexa and Google Home), & surveillance systems, among others, are also projected to fuel the market growth through 2028.

Getting Familiar with the Top Players in the Smart Home Market

Market players are the major role-players contributing to the growth of any industry. In this study, you’ll get a chance to identify them, their recent developments, the latest innovations or inventions, and many more. Look forward to knowing them:

- ABB Ltd.


- Johnson Controls

- United Technologies Corporation

- Emerson Electronics Co.

- Honeywell

- Ingersoll-Rand PLC

- Legrand S.A.

- Lutron Electronics, Inc.

- Schneider Electric S.A.

- Siemen AG

- Tyco International Ltd.

- Robert Bosch GmbH

- Siemens

- Samsung

Recent Developments in the Smart Home Market:

  • In January 2022, Samsung Electronics Co., Ltd. joined forces with Home Connectivity Alliance (HCA) in line with its aim to enhance the smart home experience through interoperability in home appliances, HVAC systems, & TVs. This partnership shall be aimed mainly at providing consumers with more options to customize their ecosystems while improving data privacy & device safety.
  • In September 2021,, Inc. launched its long-awaited home robot, Astro. Equipped with cameras and a screen, it can autonomously drive around your home, map the home's layout, recognize objects, and check on loved ones & pets remotely.
  • The same year in August, Schneider Electric partnered with Livspace, a well-renowned leader in home interiors & renovation, to create smarter houses for the future, involving the use of Schneider's superior home automation technology and Livspace’s interior design experience to revolutionize the home interiors market in India.

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Analyzing the Smart Home Market on Geographical Foundation

The Smart Home Market has a presence in diverse geographies. Let’s dig in & know about them:

Based on Technology

- Cellular Network Technologies

- Protocols and Standards

- Wireless Communication Technologies

Based on Software & Service

- Behavioral

- Proactive

Based on Product Type

- Entertainment Controls

-- Audio, Volume and Multimedia Room Controls

-- Home Theater System Control

-- Touchscreen and Keypads

- Security & Access Control

-- Video Surveillance




-- Access Control

Non-Biometric Access Control

Biometric Access Control

- HVAC Control

-- Smart Thermostats

-- Sensors

-- Actuators

-- Dampers

-- Control Valves

-- Heating and Cooling Coils

-- Pumps & Fans

-- Smart Vents

- Smart Home Appliances

-- Smart Washer

-- Smart Dryers

-- Smart Water Heaters

-- Smart Vacuum Cleaners

- Smart Kitchen

-- Smart Dishwashers

-- Smart Refrigerators

-- Smart Cookers

-- Smart Ovens

-- Smart Coffee Makers

-- Smart Kettles

- Smart Lighting Control

-- Dimmers

-- Switches

-- Relays

-- Daylight Sensors

-- Timers

-- Others

- Smart Furniture

-- Smart Tables

-- Smart Stools and Benches

-- Smart Sofas

-- Smart Chairs

-- Smart Desks

- Others (Smart Plugs, Smoke Detectors, Smart Meters)

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Geographically, the Smart Home Market expands across the following:

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

Key Highlights to Consider Our Smart Home Market Research Report

  • We aspire to provide explicit insights into the very market by accentuating the influencing growth elements & opportunistic scopes of the industry.
  • Urge on delivering an exhaustive summary of the value chain & explore market trends with Porter's five forces model
  • Examine competitive headway like joint ventures, mergers & acquirements, new product unveilings, and R&D investments in the Smart Home Market.
  • Our Analyst recognize the key organizations & thoroughly scrutinize the market position in terms of ranking & core competencies.

Note: The Smart Home Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry's prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market

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About us –

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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