European Smart Home Market

The European smart home market was valued at USD 22.11 billion in 2024 and is projected to reach USD 29.24 billion by 2029; it is expected to register a CAGR of 5.7% during the forecast period. Rising need for energy saving and low carbon emission-oriented solutions, ongoing proliferation of smartphones and smart gadgets surging importance of home monitoring, increasing safety, security, and convenience offered by smart home products are driving need for them are attributed to the ever-increasing demand. 

Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), Resideo Technologies Inc. (US), Robert Bosch (Germany), ABB (Switzerland), Samsung Electronics (South Korea), Sony Corporation (Japan), Airthing (Norway), Loxone Electronics GmbH (Austria), Trane Technologies plc, (Ireland), Delta Control (Canada), SnapOne (US), Gira (Germany), Axis Communications (Sweden), Comcast (US), Alarm.com (US), Vivint, Inc. (US), SimpliSafe (US), Nuki Home Solutions (Austria), General Electric Company (US), LG Electronics (South Korea), Lutron (US), Legrand (France) are some of the key players in the smart home market.

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Major European Smart Home companies include:

• Johnson Controls Inc. (Ireland)
• Honeywell International Inc. (US)
• Schneider Electric (France)
• Siemens (Germany)
• ASSA ABLOY (Sweden)
• Amazon.com, Inc. (US)
• Apple Inc. (US)
• Resideo Technologies Inc. (US)
• Robert Bosch (Germany)
• ABB (Switzerland)

Johnson Controls Inc.

Johnson Controls Inc. is the global leader in delivering integrated facility management services, energy solutions, and building technologies. It offers a bevy of innovative smart home products that enhance security, comfort, convenience, and energy efficiency for the home. In the pursuit of enriching the quality of life for the homeowner, Johnson Controls has developed a set of integrated solutions leveraging state-of-the-art technology in home automation. From smart thermostats and lighting control to quality door locks and superior security systems, Johnson Controls tailors services and products to suit every need in the home. Johnson Controls runs its business through four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Schneider Electric

Schneider Electric is a leading smart home solution vendor. Schneider Electric provides integrated solutions across utilities, infrastructure, industries, data centers, and buildings. The products offered include energy distribution, automation, and control products, software, and services. With a commitment to sustainability, Schneider Electric is driving the development of more efficient energy management and automation of renewable energy toward a more efficient and sustainable world. The company operates through two business segments, namely, Energy Management and Industrial Automation. Its business is centered on four principal markets: non-residential and residential buildings, utilities and infrastructure, industry and machine manufacturers, and data centers and networks.

Honeywell International Inc.

Honeywell International Inc. offers various products, software, solutions, and technologies that complement the connectivity and security of smart home products to be used by homeowners. Honeywell International is an advanced diversified technology and manufacturing company producing a wide portfolio of products and services in many sectors: aerospace, building technologies; performance materials; and safety and productivity solutions. Honeywell operates through four operating segments: Aerospace, Performance Materials and Technologies, Building Technologies, and Safety and Productivity Solutions. The Building Technologies segment offers solutions to the smart home market.

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European Smart Home Market by Lighting Controls, Smart Speakers, Entertainment Controls, HVAC Controls, Security & Access Controls, Smart Kitchen, Home Healthcare, Smart Furniture, Home Appliances, Wired, Behavioral, Proactive - Global Forecast to 2029

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