The global smart homes market
A smart home is defined as a residence equipped with devices and software that allow its occupants to control its components remotely. The technology not only responds to user commands, but can also anticipate common scenarios to regulate the home’s functionality. Smart homes focus on the appeal of homeowners acquiring a fully-controlled environment that incorporates technology which can adapt to particular needs. There are many new initiatives found in this market, which is subject to little regulation.
The global smart home market will reach $53.45 Bn with a 14.5% CAGR annual increase by 2022.
Growing safety concerns and improvements in remote technology are the key driving factors in the smart homes market. Other factors include; an ageing population, government initiatives, and the move of top electronics brands such as Apple and Samsung into the market. Most smart homes market players aim to increase controllability and security, and provide time-saving and energy-saving alternatives to conventional devices.
The products involved in the smart home market are are segmented into: smart kitchen, home healthcare, lighting control, HVAC control and others. Light controls have the largest share in the smart home market due to reduced electricity consumption. Lighting sensors adjust the intensity of artificial light according to the intensity of natural light thereby reducing power consumption.
North America is the current leader in the smart homes market, followed closely by Europe and the Asia-Pacific region. The smart homes market is set to achieve double digit growth in developing countries over the next few years.
The top applications in the smart homes market include; lighting, entertainment, security, power management, and HVAC control. Government initiatives – especially in North America – include remotely controlling gas, water, and power meters. Security features include the use of sensors and alarms that intimate homeowner activity. Entertainment and utility features include remotely recording television programs and activating washing machines or dishwashers.
The market creates supplementary growth for related areas such as smartphones, tablets, PCs, and LED's.
The main players in the market are Legrand, Siemens AG, Johnson Controls Inc., Ingersoll-Rand plc, Schneider Electric SE, Acuity Brands, Inc., ABB Ltd., United Technologies Corporation, Samsung Electronics Co., Ltd., Nest Labs, Inc., Honeywell International Inc. and Crestron Electronics, among others.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Building management systems.
- Engineering Smart Cities.
- European connected and smart home market.
- Internet of things.
- PAS 180:2014 Smart cities – Vocabulary.
- PAS 181:2014 Smart city Framework. Guide to establishing strategies for smart.
- PAS 182 Smart city data concept model.
- Smart buildings.
- Smart cities design timeframe.
- Smart cities.
- Smart city.
- Smart home and light commercial market in 2017.
- Smart technology.
- The global smart homes market.
- The smart buildings market.
Featured articles and news
We're expanding our collaborative mission by launching DB Intelligence, an exclusive market research advisory panel. Built environment professionals can now get paid to share their expertise on industry trends, products and services.
Panel members receive direct financial incentives for participating in research projects like short surveys, 1-2-1 interviews and focus groups. Register today to shape the future of the construction sector.
Planning condition discharge in England and Wales
A brief exoplanation from a building compliance expert, with further links.
Overheating guidance and tools for building designers
Guidance for dealing with element of building fabric control that have increasing importance.
Shading for housing, a design guide
From the Good Homes Alliance and British Blind and Shutter Association.
UK Standard Skills Classification (SSC)
A shared framework for describing skills needs.
Social media ban consultation comes to close
CIOB urges UK Government to consider social media’s role in careers guidance in ban debate.
The latest of eight Skills England apprenticeship units
The addition of battery manufacturing welcomed by ECA with a warning about the risks of fast-tracked apprenticeship units.
Building Control Independent Panel final report
A precis of a key report led by Dame Hackitt with full recommendations and link to the government response.
Building Safety recap April, 2026
A short and longer run-through of the month, with links to further information and sources.
CIAT May 2026 briefing.
From medieval scribes to modern word art.
ECA welcomes crackdown on late payment and push for clean energy, whilst CIOB seek fixed cladding removal timeframes.
Cyber Security in the Built Environment
Protecting projects, data, and digital assets: A CIOB Academy TIS.
Managing competence in the built environment
ITFG publishes new industry guide on how to meet the ICC principles.
The UK's campaign to reduce noise pollution: Mythbusting, articles and topic guides.