Smart Home M2M Market in Western Europe 2016-2020

Overview of the smart home M2M market in Western Europe

The smart home M2M market in Western Europe is envisaged to witness exponential growth and will post an impressive CAGR of more than 39% over the forecast period. With the increasing installation of smart meters, the smart home market in Western Europe is anticipated to have a positive outlook in the coming years. Smart meters offer a broad range of interactive and intelligent home solutions.  They allow the end users to manage their energy usage efficiently by providing the consumption details at every point in time. Moreover, a smart meter combined with an in-home display provides the real-time information of the gas and electricity use to the energy supplier so the electricity bill can be sent without having to check the reading on the home meter physically. Therefore, with the increasing installation of these smart home systems and devices, peak demand rates, and blackouts can be avoided to a significant extent. This is driving the government in the UK to install smart meters readily in homes, which is expected to propel this market’s growth prospects during the predicted period.

In this market research study, the analysts have deduced factors such as innovations in smart elevators and smart detectors as one of the emerging trend spurring the growth prospects for this market. Smart elevators can process the signals from human postures and gestures with the help of a moving camera. Also, the introduction of next-generation, smart detectors like Birdi is likely to contribute to the growth of this market. Smart detectors test the quality and purity of air and send alerts to the user’s smartphones regarding fire, the presence of allergens in the air, and smoke and carbon monoxide levels. With the rapid adoption of these smart technologies, the smart home M2M market in Western Europe is likely to witness promising growth in the future.

Segmentation by application and analysis of the smart home M2M market in Western Europe

• Energy management and climate control systems
• Security and access control systems
• Lighting control systems
• Home appliances
• Home entertainment systems
• Healthcare systems