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Total Views: 290Word Count: 448See All articles From Author Popular Trends of Smart Home Technologies: European Markets to 2023
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“Summary
Smart home is the term commonly used to define a residence that has multiple devices connected and controlled via a home network or mobile device and provides advanced automated security and home services such as auto functioning of household equipment, automatic air conditioning, automatic door locking, utilization of renewable energy sources for home appliances, energy conservation Cheap Joe Mixon Jersey , perimeter surveillance and many others. This technology provides homeowners with security, comfort, energy efficiency and convenience.
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Europe has always been a lucrative market with a high rate of technology adoption and ICT infrastructure readiness for industry participants. Some of the prominent players in the market are ABB Ltd., Centrica PLC, Ingersoll-Rand PLC Cheap John Ross Jersey , Johnson Controls International PLC, Legrand, ROCKETHOME GmbH, Schneider Electric, Siemens Building Technologies Cheap Dre Kirkpatrick Jersey , Signify Holding, Teletask BVBA and others.
The European market for has been segmented based on country, component, network technology and application. The market by country is segmented into Germany, the U.K. Cheap Vontaze Burfict Jersey , France, the Netherlands, Italy and the rest of Europe. Based on network technology, the European smart home technologies market segments include wired systems, power line communication systems Cheap Carlos Dunlap Jersey , cable and satellite, and wireless systems. By component, the market is segmented into software, hardware and services. By application, the market is segmented into HVAC Cheap Tyler Eifert Jersey , lighting, water management, elevators, parking, entertainment Cheap Geno Atkins Jersey , fire safety, safety and security, and others.
Europes market for smart home technologies was valued at REDACTED in 2017 and is expected to reach REDACTED by 2023, growing at a compound annual growth rate (CAGR) of REDACTED from 2018 to 2023. Germany accounts for the largest share of the European market, followed by the U.K. The rest of Europe is expected to grow at the fastest CAGR Cheap A.J. Green Jersey , due to the increase in the technological adoption of home automation technologies in countries such as Austria, Switzerland, Sweden and others.”