Middle East Smart Home Market Business Strategies and Massive Demand by 2023-28 Market Share | Revenue and Forecast

Middle East Smart Home Market Insights:

The Middle East Smart Home Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28, which can be attributed to several factors such as rapid urbanization, rising disposable income, government initiatives, and increasing awareness of the benefits of smart living.

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Middle East Smart Home Market Definition:

Smart homes refer to advanced home automation technologies & solutions. It encompasses the adoption & integration of smart devices, systems, and software platforms within residential properties. These technologies enable homeowners to remotely control & monitor various aspects of their homes, such as lighting, security, heating, cooling, and entertainment systems.

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The Middle East Smart Home Market Driver:

Rising Use of Energy-efficient Smart Appliances is Supporting the Market Growth – The adoption of smart appliances in the Middle East, such as smart bulbs, lighting, dryers, and water heaters, is experiencing a significant surge due to the residents’ desire to minimize energy costs. These smart appliances are designed to be energy-efficient & offer substantial energy savings compared to conventional electronic devices. According to Abu Dhabi Distribution Company, smart appliances can consume nearly 40% less energy, resulting in lower energy bills over the long run. This cost-saving advantage is driving the adoption of smart appliances among residents & contributing to the Middle East Smart Home Market’s revenue growth.

Middle East Smart Home Market Segmentation:

1. By Technology

• Cellular Network Technology- Market Size & Forecast, 2018-2028, USD Million
• Protocols and Standards- Market Size & Forecast, 2018-2028, USD Million
• Wireless Communication Technologies- Market Size & Forecast, 2018-2028, USD Million

2. By Software & Service

• Behavioral- Market Size & Forecast, 2018-2028, USD Million
• Proactive- Market Size & Forecast, 2018-2028, USD Million

3. By Product Type

• Entertainment Controls
• Security & Access Control
• HVAC Control
• Smart Home Appliances
• Smart Kitchen
• Smart Lighting Control
• Smart Furniture
• Others (Smart Plugs, Smoke Detectors, Smart Meters, etc.)) – Market Size & Forecast, 2018-2028, USD Million

4. By Distribution Channel

• Offline Sales
• Online Sales

Middle East Smart Home Market Geographically Analysis:

5. By Country

• The UAE
• Saudi Arabia
• Oman
• Bahrain
• Kuwait
• Qatar
• Israel
• Turkey
• Others

Middle East Smart Home Leading Companies:

• ABB Ltd.
• Johnson Controls
• Loxone Electronics
• Acuity Brands
• Emerson Electronics Co.
• Honeywell International, Inc.
• Legrand S.A.
• Lutron Electronics, Inc.
• Schneider Electric S.A.
• Siemen AG
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Haier Group
• Crestron Electronics, Inc.
• LG Electronics, Inc.
• Others

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