European Smart Homes Market by Products, Services & Country - Analysis & Forecast to 2020

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Apr 23, 2014, 01:59 ET

DUBLIN, April 23, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3mn9rn/european_smart) has announced the addition of the "European Smart Homes Market by Products, Services & Country - Analysis & Forecast to 2020" report to their offering.

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A smart home is a collective term for Information and Communication Technology (ICT) used in residences where the various components communicate via a network; which can be used to monitor, warn, and carry out functions according to a chosen criterion. These systems work together to enhance the comfort, convenience, security, and entertainment of the residents through upgrading the technology within the home.

This report covers European smart homes market segmented on the basis of products, services, and country. The products segment comprise of security & access controls, lighting controls, HVAC systems, energy management systems, entertainment systems, home health systems, smart appliances, and ballast & battery packs. The services segment consists of installation & maintenance, and renovation & customization. The installation & maintenance involves setting up a system for a smart home, and maintaining it in order to make the system reliable and secure to operate. The renovation & customization includes remodeling the home with automated smart home systems according to the individuals' requirement. The country analysis covers the major European countries, namely the U.K., Germany, France, Spain, Italy, and Rest of the Europe.

The major drivers for the global smart homes market are:-energy and cost savings, regulatory initiatives by the European Union (EU), increasing ageing population, and improved comfort and convenience. The introduction of smart meters to conserve energy and the assistance of power line communication are some of the growth opportunities for the European smart homes market. There are a lot of opportunities for the existing players, as well as, for the new entrants - to innovate in terms of the products, thereby, maintaining high performance and reliability in the smart homes market.

Some of the key players in European smart homes market include Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco International Ltd. (Switzerland), Legrand S.A. (France), Hager Holdings GmbH (Germany), Albrecht Jung GmbH & CO. KG (Germany), Control4 (US), Tyco International Ltd. (Switzerland), and Nice SPA (Italy).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Market Analysis

5 European Smart Homes Market, By Product

6 European Smart Homes Market, By Services

7 European Smart Homes, By Protocol & Technology

8 European Smart Homes Market, By Country

9 Competitive Landscape

10 Company Profiles