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The global smart home installation service market attained a value of USD 4.83 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 23.2% to reach USD 31.52 billion by 2032.
The market is being driven by the high adoption rate of smart home installation services across the globe.
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The smart home installation service refers to the installation service of home automation or domotics, which offers homeowners comfort, security, and energy efficiency by permitting them to control smart devices, usually by a smart home app on the smartphone or other networked devices.
The smart home installation service market is segmented based on systems, technology, and distribution channels.
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Based on systems, the industry is divided into:
Based on technology, the industry is segmented into:
Based on distribution channels, the industry is divided into:
The EMR report looks into the regional markets of smart home installation service like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The global smart home installation services market is driven by the rise in the adoption of cognitive systems by its end users. Over the last few years, the adoption of smart assistance-embedded consumer devices has rapidly increased due to their enhanced features, mainly in terms of portability. The introduction of cognitive computing solutions in smart consumer devices is expected to accelerate the market growth for the smart home installation services market. The growing adoption of connectivity technologies is a key factor boosting the demand for smart home installation services; thus, further aiding the market growth.
The report presents a detailed analysis of the following key players in the global smart home installation services market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by System |
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Breakup by Technology |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Home Installation Service Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Home Installation Service Historical Market (2018-2023)
8.3 Global Smart Home Installation Service Market Forecast (2024-2032)
8.4 Global Smart Home Installation Service Market by System
8.4.1 Home Monitoring/Security
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lighting Control
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Smart Speaker
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Thermostat
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Video Entertainment
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Smart Appliances
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Smart Home Installation Service Market by Technology
8.5.1 Cellular Network Technologies
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Cellular Network Technologies by Type
8.5.1.3.1 CDMA Networks
8.5.1.3.2 GSM/HSPA Networks
8.5.1.3.3 LTE Networks
8.5.2 Wireless Communication Technologies
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Wireless Communication Technologies by Type
8.5.2.3.1 Zigbee
8.5.2.3.2 Z-Wave
8.5.2.3.3 Wi-Fi
8.5.2.3.4 Bluetooth
8.5.2.3.5 Enocean
8.5.2.3.6 Thread
8.5.2.3.7 Infrared
8.6 Global Smart Home Installation Service Market by Distribution Channel
8.6.1 OEM
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retailers
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 E-Commerce
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Professional Service Provider
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Smart Home Installation Service Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Miami Electric Masters
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Red River Electric Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Rexel
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Insteon
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 AutoDeus Technologies Private Limited
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Vivint, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 HelloTech, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Handy Technologies, Inc.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Home Installation Service Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Home Installation Service Historical Market: Breakup by System (USD Billion), 2018-2023
3. Global Smart Home Installation Service Market Forecast: Breakup by System (USD Billion), 2024-2032
4. Global Smart Home Installation Service Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Smart Home Installation Service Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Smart Home Installation Service Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Smart Home Installation Service Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Smart Home Installation Service Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Smart Home Installation Service Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Smart Home Installation Service Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Smart Home Installation Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Smart Home Installation Service Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Smart Home Installation Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Smart Home Installation Service Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Smart Home Installation Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Smart Home Installation Service Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Smart Home Installation Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Smart Home Installation Service Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Smart Home Installation Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Smart Home Installation Service Market Structure
In 2023, the global smart home installation service market attained a value of nearly USD 4.83 billion.
The market is projected to grow at a CAGR of 23.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 31.52 billion by 2032.
The market is being driven by the availability of improved features, rapid integration of cognitive computing technologies, growing consumer demand for connected devices, and the improved security benefits offered by these services.
The key trends guiding the market include rapid digitisation, the growing adoption of smart assistance-embedded consumer devices, and the rising deployment of connectivity technologies.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major systems considered in the market report include home monitoring/security, lighting control, smart speaker, thermostat, video entertainment, and smart appliances, among others.
The technology segments include cellular network technologies and wireless communication technologies.
OEM, retailers, e-commerce, and professional service providers are the various distribution channels of smart home installation.
The major players in the market are Miami Electric Masters, Red River Electric Inc., Rexel, Insteon, AutoDeus Technologies Private Limited, Vivint, Inc., HelloTech, Inc., and Handy Technologies, Inc., among others.
The global smart home installation service market attained a value of USD 4.83 billion in 2023, driven by the increased consumer demand for smart home installation services due to rapid digitalisation. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 23.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on system type, the global smart home installation service industry can be segmented into home monitoring/security, lighting control, smart speaker, thermostat, video entertainment, smart appliances, and others. By technology, the market can be divided into cellular network technologies and wireless communication technologies. On the basis of distribution channel, the major segments include OEM, retailers, e-commerce, and professional service provider. The major regional markets for smart home installation service are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include Miami Electric Masters, Red River Electric Inc., Rexel, Insteon, AutoDeus Technologies Private Limited, Vivint, Inc., HelloTech, Inc., Handy Technologies, Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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