Middle East Smart Home Market Insights:
The Middle East Smart Home Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28, which can be attributed to several factors such as rapid urbanization, rising disposable income, government initiatives, and increasing awareness of the benefits of smart living.
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Middle East Smart Home Market Definition:
Smart homes refer to advanced home automation technologies & solutions. It encompasses the adoption & integration of smart devices, systems, and software platforms within residential properties. These technologies enable homeowners to remotely control & monitor various aspects of their homes, such as lighting, security, heating, cooling, and entertainment systems.
The Middle East Smart Home Market Driver:
Rising Use of Energy-efficient Smart Appliances is Supporting the Market Growth – The adoption of smart appliances in the Middle East, such as smart bulbs, lighting, dryers, and water heaters, is experiencing a significant surge due to the residents’ desire to minimize energy costs. These smart appliances are designed to be energy-efficient & offer substantial energy savings compared to conventional electronic devices. According to Abu Dhabi Distribution Company, smart appliances can consume nearly 40% less energy, resulting in lower energy bills over the long run. This cost-saving advantage is driving the adoption of smart appliances among residents & contributing to the Middle East Smart Home Market’s revenue growth.
Middle East Smart Home Market Segmentation:
1. By Technology
- Cellular Network Technology- Market Size & Forecast, 2018-2028, USD Million
- Protocols and Standards- Market Size & Forecast, 2018-2028, USD Million
- Wireless Communication Technologies- Market Size & Forecast, 2018-2028, USD Million
2. By Software & Service
- Behavioral- Market Size & Forecast, 2018-2028, USD Million
- Proactive- Market Size & Forecast, 2018-2028, USD Million
3. By Product Type
- Entertainment Controls
- Security & Access Control
- HVAC Control
- Smart Home Appliances
- Smart Kitchen
- Smart Lighting Control
- Smart Furniture
- Others (Smart Plugs, Smoke Detectors, Smart Meters, etc.)) – Market Size & Forecast, 2018-2028, USD Million
4. By Distribution Channel
- Offline Sales
- Online Sales
Middle East Smart Home Market Geographically Analysis:
5. By Country
- The UAE
- Saudi Arabia
Middle East Smart Home Leading Companies:
- ABB Ltd.
- Johnson Controls
- Loxone Electronics
- Acuity Brands
- Emerson Electronics Co.
- Honeywell International, Inc.
- Legrand S.A.
- Lutron Electronics, Inc.
- Schneider Electric S.A.
- Siemen AG
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Haier Group
- Crestron Electronics, Inc.
- LG Electronics, Inc.
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