The Middle East Smart Home Market: Analysis and Forecast

Middle East Smart Home Market

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.

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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
  • Oman
  • Bahrain
  • Kuwait
  • Qatar
  • Israel
  • Turkey
  • Others

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.
  • Others

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