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April 26, 2020 Global smart home market capacity ranking China ranked fourth

Dallas reported that according to the survey data statista US smart home industry show that in 2016 the US smart home market capacity of $ 9,712,500,000, the largest countries in the world smart home market capacity.

US $ 9.7 billion to become the largest country in the global smart home market capacity

Countries worldwide smart home market capacity of the top five are: the United States, Japan, Germany, China, United Kingdom. Which the United States smart home market capacity of $ 9,712,500,000, $ 1,128,900,000 Japan, Germany $ 925.6 million, China was $ 520 million, the UK $ 477.5 million.

In addition, the growth in popularity of smart home, the United States to 5.8% in the first place. Four other countries: Japan, Sweden, Germany, Norway, Japan, where 1.3%, Sweden 1.3%, Germany 1.2%, Norway 1.2%.

1. from 2014 to 2016: an average increase of nearly $ 3 billion per year

Recently three years, the US smart home market capacity are growing from 2014’s $ 3.404 billion to $ 6.022 billion in 2015 to US $ 9.7125 billion in 2016, an average increase of nearly $ 3 billion annually.

Segments of the US smart home has five main areas: home automation, home security, home entertainment, environment assisted living energy management. Where home automation, home security and home entertainment market, the largest capacity in 2014, for example, home automation was $ 769.9 million, $ 836.8 million for the home security, home entertainment $ 1,332,100,000, $ 082.9 million for the auxiliary environment, life energy management of $ 382.6 million.

2. 2015, an increase of 76.9% is expected in 2016 grew 61.3%

According to the 2014, 2015, smart home technology market capacity in 2015, an increase of 76.9% over the same period in 2014, 2016 increase of 61.3% over the same period in 2015.

Global smart home market capacity ranking China ranked fourth

2015 growth follows five segments: home automation was 147.3%, 61.2% home security systems, home entertainment 50.9%, 92.2% secondary environment, life energy management 56.6%.

3. according to the calculation of CAGR 21.05% in 2020 to reach $ 20.856 billion

In accordance with CAGR 21.05% to calculate the US smart home market capacity in 2020 will reach $ 20.856 billion. Where home automation is $ 7,984,000,000, $ 4,450,700,000 for the home security, home entertainment $ 5,449,200,000, $ 1,179,000,000 for the environment assisted living energy management $ 1,793,600,000.

2016 smart home users reached 7.37 million households each family invested US $ 1317.46

Survey data statista also relates to the United States the number of users of smart home, in 2014 the figure was 2.8 million, in 2015 this number increased to 4.64 million, an increase of 1.84 million, in 2016 this figure is estimated to reach 7.37 million.

1. 2016 Smart Home family coverage increased by 5.8% compared with the same period in 2015

2015 smart home household penetration growth of 3.7% over the same period in 2014, an increase of 5.8% over the 2016 2015 period. 2020 than in the same period in 2019, an increase of 18.6%.

Global smart home market capacity ranking China ranked fourth

Specific to five segments, in 2016 growth data for the same period in 2015: home automation: 5.8%, home security systems: 4.3%, home entertainment: 2.5%, assisted environment: 0.1% Life Energy Management: 0.7 %.

2. each household spent $ 1200-1300 to the smart home

2014 invested $ 1213.7 per family to the smart home (of course, this does not include intelligent home control devices such as smart phones, tablet PCs, etc., in addition, smart home connected devices, such as smart TV, refrigerator or oven not included.) By 2016 the figure was $ 1317.46, three years change is not great. But by 2020, this figure will be reduced to $ 853. People Specific expenses in the smart home will not grow.

The cost of five segments, each is different, for example, 2014 data are: home automation: 274.48, Home Security: 405.93, home entertainment: 1032.63 ENVIRONMENTAL Assist: 1617.92, Life Energy Management: 1331.82.

US smart home Situation: critical stage equipment manufacturing

From the series of data given above we can see that the United States now is the stage of rapid development of the smart home. While most of the smart home equipment manufacturers as the main stage.

John Greenough in its “The US smart home market has been struggling – here’s how and why the market will take off” in one article, referred to the US smart home market is struggling period. He pointed out that current US consumer demand for smart home can be seen, the smart home devices more general terms for the current market.

When the early development of smart home, smart devices consumers are willing to pay, but once the use of smart home devices, the device will continue to use, and the purchase of equipment will be dropped after saturation. From 2020, the average family home less money well spent on smart you can see.

John Greenough also pointed out that the biggest obstacle is the family connection technology ecosystem fragmentation. There are many network standard is used to connect smart home devices, consumers are more difficult to set up and control a plurality of different standard equipment, future technology needs to be addressed is how to make different devices or systems to enable better interaction operations. In other words, we do not hold a number of remote control, or open a number of APP on your smartphone, and remember the way they operate. Until that happens, we can say that the development of smart home is more humane.

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