Uploaded on Nov 6, 2019
iGATE Research has released a research report on “China Smart Home Market, Number, Household Penetration & Key Company Profiles - Forecast to 2025” Click here to view the complete report: http://igateresearch.com/FullReportDetail.php?p=143 Contact US iGATE Research PVT LTD Ravi Sinha Sales Manager Marketing and Sales Divison Email: [email protected] Contact: +91-858-684-0791, +91-821-092-7469 (INDIA) Web: www.igateresearch.com
China Smart Home Market and Forecast 2025
China Smart Home Market Market - Overview
The Chinese smart home market was valued at just over US$ 7 Billion in 2018 and is likely to fivefold by the year
2025. Smart home is a system that allows home owner to control and monitor different devices in home
including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the
Internet. In China, household penetration for smart home applications is estimated at around 5% in 2018.
The growth of smart home market is attributed to factors such as significantly growing IoT market, government
support, increasing urbanization & growing awareness for smart home technology, and increasing importance of
home monitoring from remote locations. With the increasing demand of smart home devices, security and
privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth
of the smart home market.
China – Smart Home Market (Billion US$), 2014 -2018
Note: Dummy Data, Actual figures given in the report
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The favorable policies and the coming of Internet of Things laid solid foundation for smart home market in
China. Furthermore, initiatives such as National New-type Urbanization Plan, China’s 12th five-year
Development Plan, Smart Cities Projects and Made in China 2025 strategy, are likely to fuel the growth of
China smart home market. In addition to country-wide initiatives, large corporations in China, from
technology giants to white goods manufacturers, are placing big bets on the Chinese smart home market.
Several major Chinese giants like Baidu, Xiaomi, Alibaba, Haier and many others have already entered the
market for “smart home” products.
China – Forecast for Smart Home Market (Billion US$), 2019-2025
Note: Dummy Data, Actual figures given in the report
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By Application Area – China Smart Home Market and Forecast
• Smart Appliances captured maximum By Application Area – China Smart Home Market Share (Percent), 2018
share of the China smart home market
in 2018.
• Control and Connectivity is the second
largest application segment of the China
smart home market capturing around
18% share in 2018.
• Security is the third leading
application of smart home market,
By Application Area - Forecast for China Smart Home Market Share (Percent), 2025
being followed by Home Entertainment
segment.
• In 2018, the revenue in the Security
segment amounts to just over US$ 1
Billion.
• Energy Management captured least
share of the China smart home market.
Note: Dummy Data, Actual figures given in the report
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By Application Areas – China Smart Home Active Householdes Market & Forecast
By Application – China Smart Active Households Market Share (Percent), 2018
• Smart Appliances captured highest
share of the China Smart Home
active households in 2018, being
followed by Control and Connectivity
segment.
• In China, the household penetration
for Home Entertainment application By Application - Forecast for China Smart Active Households Market Share (Percent), 2025
is estimated at 1.3% in 2018.
• Energy Management application
captured least share of the Smart
Home active households in 2018.
Note: Dummy Data, Actual figures given in the report
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iGATE RESEARCH report titled “China Smart Home Market,
Number, Household Penetration & Key Company Profiles -
Forecast to 2025”provides a comprehensive analysis of the
China Smart Home Market.
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This 154 Page report with 49 Figures and 5 Tables has been analyzed from 8 viewpoints:
1. China Smart Home Market, Volume, Household Penetration &
Forecast (2014 - 2025)
2. China Smart Home Market Share Analysis - By Application Areas (2014
- 2025)
3. China Smart Home Active Households Share - By Application Areas
(2014 - 2025)
4. China Smart Home Market, Number of Active Households &
Households Penetration - By Application Areas (2014 - 2025)
5. China Smart Home Market Funding
6. China IoT / Smart Homes Market - Policies, Trends and Standards &
Government Role
7. China Smart Home - Key Company Profiles
8. China Smart Home Market - Growth Drivers and Challenges
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By Application Areas – China Smart Home Market and Forecast
1. Control and Connectivity (Home Automation)
2. Comfort and Lighting (Home Automation)
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security Application
By Company – China Smart Home Market and Forecast
1. Chuango Security Technology Corp 6. Alibaba Group
2. HEIMAN CO., LIMITED 7. JD.com
3. Sichuan Changhong Electric Co Ltd 8. Baidu
4. Hisense Co. Ltd 9. Haier
5. Xiaomi Inc 10. China Unicom
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Format
Report Title:
“China Smart Home Market, Number, Household Penetration
& Key Company Profiles - Forecast to 2025”
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