Press release
Smart Home Market with Focus on Emerging Technologies, Regional Trends, Competitive Landscape, Regional Analysis and Forecasts to 2025
Latest Report Available at Analytical Research Cognizance Smart Home Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
Description
The Chinese smart home market is likely to show double digit growth rate (CAGR) during the period 2018 - 2024. Smart home is a system that allows home owner to control and monitor different devices in home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet. In China, household penetration for smart home applications is estimated at just over 3% in 2017.
The favorable policies and the coming of Internet of Things laid solid foundation for smart home market in China. Furthermore, initiatives such as National New-type Urbanization Plan, China’s 12th five-year Development Plan, Smart Cities Projects and Made in China 2025 strategy, are likely to fuel the growth of China smart home market. In addition to country-wide initiatives, large corporations in China, from technology giants to white goods manufacturers, are placing big bets on the Chinese smart home market. Several major Chinese giants like Baidu, Xiaomi, Alibaba, Haier and many others have already entered the market for “smart home” products.
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The growth of smart home market is attributed to factors such as significantly growing IoT market, government support, increasing urbanization & growing awareness for smart home technology, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market.
China Smart Home Market - By Application Areas
Smart Appliances captured maximum share of the China smart home market in 2017.
Security is the second largest application segment of the China smart home market capturing over 20% share in 2017.
Control and Connectivity is the third leading application of smart home market, being followed by Home Entertainment segment.
• In 2017, the revenue in the Comfort and Lighting segment amounts to just over US$ 650 Million.
Energy Management captured least share of the China smart home market.
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China Smart Home Active Households - By Application Areas
Smart Appliances captured highest share of the China Smart Home active households in 2017, being followed by Control and Connectivity segment.
In China, the household penetration for Home Entertainment application is estimated at 0.8% in 2017.
Energy Management application captured least share of the Smart Home active households with over 7% share in 2017.
iGATE RESEARCH report titled “China Smart Home Market, Volume, Household Penetration & Key Company Profiles - Forecast to 2024” provides a comprehensive assessment of the fast-evolving, high-growth Chinese Smart Home Industry.
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This 150 Page report with 49 Figures and 5 Tables has been analyzed from 8 viewpoints:
1. China Smart Home Market, Volume, Household Penetration & Forecast (2014 - 2024)
2. China Smart Home Market Share Analysis - By Application Areas (2014 - 2024)
3. China Smart Home Active Households Share - By Application Areas (2014 - 2024)
4. China Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2014 - 2024)
5. China Smart Home Market Funding
6. China IoT / Smart Homes Market - Policies, Trends and Standards & Government Role
7. China Smart Home - Key Company Profiles
8. China Smart Home - Growth Drivers and Challenges
China Smart Home Market - Application Areas
1. Control and Connectivity (Home Automation)
2. Comfort and Lighting (Home Automation)
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security Application
China Smart Home - Key Company Profiles
1. Chuango Security Technology Corp
2. HEIMAN CO., LIMITED
3. Sichuan Changhong Electric Co Ltd
4. Hisense Co. Ltd
5. Xiaomi Inc
6. Alibaba Group
7. JD.com
8. Baidu
9. Haier
10. China Unicom
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
Some Major Points Of Table Of Content:
Executive Summary
China Smart Home Market Analysis to 2024
China Smart Home Market Share Analysis to 2024
China Smart Home Market, Number of Active Households & Households Penetration - By Application Areas
China Smart Home Market Funding
China Smart Home Market - Recent Development
China IoT / Smart Homes Market - Policies, Trends and Standards & Government Role
China Smart Home - Key Company Profiles
China Smart Home - Driving Factors
China Smart Home - Challenges
About Us:
http://arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics" based on the data collection facilities of big data, the face of "business research facilities" has changed drastically . With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the "out of the box" developments in the market.
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