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Global Smart Home Installation Service Market Analysis Report – By System (Home Monitoring, Lighting Controls, Smart Speakers, Thermostats, Video Entertainment, Smart Appliances, Others), By Channel (Original Equipment Manufacturers (OEMS), Retailers, E-Commerce, Professional Service Providers), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) – Industry Analysis on Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 9047
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Smart Home Installation Service Market Analysis Report (2021 - 2026)

By the end of 2026, the size of the Smart Home Installation Service Market at a global level is predicted to grow at a CAGR of 25% during the forecast period of 2021 – 2026.

Smart home installation services offer users automatic control over lighting, security and other smart home solutions. They ensure the performance of the systems with wireless connectivity and also a user can manage the system by just touching a button. These services add comfort and convenience for the customers in these modern days.

Shifting trends towards the utilization of the internet of things in every aspect is a key factor for the growth of the market extensively. Increasing disposable income is additionally leveraging the demand of the market.

However, system failures in real-time applications are quietly to restrain the demand of the market. The high cost for installing and maintenance of the devices is a challenging factor for the market developers.

Increasing support from the IT sector in launching innovative applications with the latest technologies is surging growth opportunities for the market. Furthermore, the rise in the awareness towards artificial intelligence is also lavishing the demand of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By System, Channel & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Calix Inc., FINITE SOLUTIONS, Handy, HelloTech Inc., Maryland Electrical Services LLC, Meyer Electrical Services, Inc., Miami Electric Masters, Red River Electric., Rexel, SMARTHOME, Smartify Home Automation Limited, and Vivint, Inc.

 

Smart Home Installation Service Market is segmented & sub-segmented into the following categories until 2024.

Smart Home Installation Service Market – By System

  • Home Monitoring
  • Lighting Controls
  • Smart Speakers
  • Thermostats
  • Video Entertainment
  • Smart Appliances
  • Others

On the basis of system, the Home monitoring systems are holding the highest shares of the market with the rise in the constructional activities of smart homes in urban areas.

Smart Home Installation Service Market – By Channel

  • Original Equipment Manufacturers (OEMs)
  • Retailers
  • E-Commerce
  • Professional Service Providers

By channel, the OEMs channel segment is ruling with the highest shares of the market by growing prevalence for the quality products which has a long lifetime.

Smart Home Installation Service Market – By Region

  • North America - (U.S, Canada)
  • Europe - (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe)
  • Asia Pacific - (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC)
  • Latin America - (Brazil, Mexico, Argentina, Chile & Rest of LATAM)
  • Middle East & Africa - (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)

Geographically, North America is witnessing leading the highest shares of the market by owing to the quick adoption of advanced technology and the launch of various applications in order to provide a better experience for the users. The Asia Pacific and Europe are next to North America in holding the largest shares of the market with the rise in the support from the government organizations in the construction of smart homes along with a rise in the revenue in some countries.  The Middle East and Africa is deemed to have huge growth opportunities in the coming years.

Key market participants leading the Global Smart Home Installation Service Market are Calix Inc., FINITE SOLUTIONS, Handy, HelloTech Inc., Maryland Electrical Services LLC, Meyer Electrical Services, Inc., Miami Electric Masters, Red River Electric., Rexel, SMARTHOME, Smartify Home Automation Limited, and Vivint, Inc.

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