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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Smart Home Installation Service Market Outlook
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.
| Global Smart Home Installation Service Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.83 |
| Market Size 2032 | USD Billion | 31.52 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 23.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 26.7% |
| CAGR 2024-2032 - Market by Country | India | 27.8% |
| CAGR 2024-2032 - Market by Country | China | 25.6% |
| CAGR 2024-2032 - Market by Technology | Wireless Communication Technologies | 25.5% |
| CAGR 2024-2032 - Market by Distribution Channel | Professional Service Provider | 26.4% |
| Market Share by Country 2023 | Japan | 7.6% |
The market is being driven by the high adoption rate of smart home installation services across the globe.
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Global Smart Home Installation Service Market Properties and Applications
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:
- Home Monitoring/Security
- Lighting Control
- Smart Speaker
- Thermostat
- Video Entertainment
- Smart Appliances
- Others
Based on technology, the industry is segmented into:
- Cellular Network Technologies
- CDMA Networks
- GSM/HSPA Networks
- LTE Networks
- Wireless Communication Technologies
- Zigbee
- Z-Wave
- Wi-Fi
- Bluetooth
- Enocean
- Thread
- Infrared
| CAGR 2024-2032 - Market by | Technology |
| Wireless Communication Technologies | 25.5% |
| Cellular Network Technologies | XX% |
Based on distribution channels, the industry is divided into:
- OEM
- Retailers
- E-commerce
- Professional Service Provider
| CAGR 2024-2032 - Market by | Distribution Channel |
| Professional Service Provider | 26.4% |
| E-commerce | 24.8% |
| OEM | XX% |
| Retailers | XX% |
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 26.7% |
| North America | 21.0% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
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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Global Smart Home Installation Service Market Analysis
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.
| 2023 Market Share by | Country |
| Japan | 7.6% |
| USA | XX% |
| Canada | XX% |
Global Smart Home Installation Service Market Competitive Landscape
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:
- Miami Electric Masters
- Red River Electric Inc.
- Rexel
- Insteon
- AutoDeus Technologies Private Limited
- Vivint, Inc.
- HelloTech, Inc.
- Handy Technologies, Inc.
- Others
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.
| CAGR 2024-2032 - Market by | Country |
| India | 27.8% |
| China | 25.6% |
| Mexico | 23.3% |
| UK | 21.2% |
| USA | 20.8% |
| Canada | XX% |
| Germany | XX% |
| France | 18.2% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
Key Highlights of the Report
| 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:
|
| Breakup by System |
|
| Breakup by Technology |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
Smart Home Installation Service Market Report Snapshots
Smart Home Installation Service Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
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.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124