Smart Home Technologies Market in Europe Banks upon Energy Efficient Solutions to Anchor Growth

Published on : Oct 09, 2018

Albany, New York, October 9, 2018: Advanced ICT infrastructure coupled with pressing needs for energy conservation have augmented adoption of home automation system in Europe, thus bolstering growth in smart home technologies market in Europe. A recent report titled, 'Smart Home Technologies: European Markets to 2023' collated in the repository of Market Research Hub (MRH) allows readers to gauge recent market developments and their reciprocal impact on the growth of smart home technologies market in Europe.

Market Players Innovate in Energy Saving Solutions to Hone Penetration

Market players in smart home technologies market are striving to offer cost efficient offerings in favor of wide scale adoption. Additionally, incorporation of bespoke technological aid that ensure energy conservation as well as security to home owners remain pivotal requisites for leading players envisioning to sustain market dominance.

To attain dominance in smart home technology market, market player Siemens has collaborated with UK Based Keele University to attain significant breakthroughs in Smart Energy Network Demonstrator (SEND) a pioneering project in Europe. As part of the program, Siemens will offer state of the art technological aid to upgrade energy infrastructure for smart device installation, thus furthering progress in decentralized energy system. Siemens will lay primary focus to evolve technology capabilities coinciding with smart home security and energy efficiency to cement its lead amidst stiff competition in smart home technologies market.

Thorough research findings illustrated in the report enrich readers' understanding on various segments prevailing in smart home technologies market in Europe. This section of the report identifies components, network technology, and application as core segments exhibited in the market. Based on component smart home technologies market in Europe is diversified as hardware, software, and services. Based on network technology the market is classified as wireless systems, wired systems, cable and satellite, and power line communication systems. In terms of application smart home technologies market is bifurcated as smart home applications, safety and security HVAC, entertainment, lighting fire safety, elevators, parking, and water management amongst others.

Germany Emerges as the Fastest Growing Region in Smart Home Technologies Market

In addition to aforementioned market segments, the report offers a detailed overview of regional segregation of smart home technologies market, based on which the report enlists Germany, United Kingdom, France, Netherlands, Italy, and Rest of Europe as dominant regions in smart home technologies market in Europe.

Competition Deep-Dive: Smart Home Technologies Market

Elaborate research findings collated in the report allow readers to draw veritable insights on the implications of business tactics and tools in luring favorable end-user response such as their buying preferences and eventual buying behavior. Some of the leading market participants included in the report include, ABB LTD., Siemens AG, Signify Holding, Legrand, and Centrica PLC amongst others.   

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