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(2022-2031) Smart Home Devices Global Market Report : Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value And Competitive Landscape | ABB Ltd, General Electric Company, Johnson ControlsInc., Siemens AG, Schneider Electric SE
Smart Home Devices Market
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The global smart home devices market report by the business research company identifies increasing need to save energy and decrease carbon emission drives the smart home devices market. This increase in the need for sustainable solutions has been initiated by strict government regulations that introduced a cap on maximum carbon emissions allowed for each company. Conventional devices continuously use electricity until someone turns them off. However, in the case of smart home devices, they are equipped with motion sensors that can detect the absence of people in the room for a given time and automatically turn it off, thus saving money and electricity. Saving unnecessary usage of electric devices and decreasing the power demand on the power plants help reduce carbon emissions. For example, according to a study in Europe in 2021, smart building technology can save up to 23% of the energy used in office buildings.
The global smart home devices market is expected to grow from $78.44 billion in 2021 to $92.48 billion in 2022 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The smart home devices market is expected to reach $176.10 billion in 2026 at a CAGR of 17.5%.
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The regions covered in the smart homes devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the smart homes devices market are ABB Ltd, General Electric Company, Johnson ControlsInc., Siemens AG, Schneider Electric SE, Honeywell International, LG Electronics, Emerson Electric Corporation, BSH Hausgerate GmbH, and Amazon Inc.
The global Smart home devices market is segmented -
1) By Technology: Wi-Fi Technology, Bluetooth Technology
2) By Application: Energy Management, Climate Control System, Healthcare System, Home Entertainment System, Lighting Control System, Security & Access Control System
3) By Sales Channel: Online, Offline
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The Smart home devices Market Report Contents Include
1. Executive Summary
2. Smart Home Devices Market Characteristics
3. Smart Home Devices Market Trends And Strategies
4. Smart Home Devices Market - Macro Economic Scenario
5. Smart Home Devices Market Size And Growth
.........
28. Key Mergers And Acquisitions In The Smart Home Devices Market
29. Smart Home Devices Market Future Outlook And Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the smart home devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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