China, as a country, offers enormous potential for the Smart home industry, also known as the home automation industry. China smart home market is expected to be close to USD 37 Billion by the end of the year 2025. China smart home market is growing due to factors such as the high internet penetration rate, growth in the awareness of fitness and healthy lifestyles owning to the high disposable income in Chinese middle-class population; supportive government policy for IoT devices, great importance of home monitoring from remote locations; growth in the demand for energy- saving and low carbon emission solutions due to climate change; rapid proliferation of smartphones and smart gadgets; existence of market players focusing on expanding their smart home product portfolios; widespread concern about safety, security, and convenience.
A home is defined as where appliances and devices are controlled via a smartphone application or web portal as user interface devices connected through the internet. Smart home systems, includes lighting control systems, security systems, entertainment systems (audio and video), home appliances, and others; and smart home devices, including speakers, in particular, are some of the most substantial segments of the smart home market.
Supportive policies by the Chinese Government for Smart Cities and the internet of things (IoT)
The Chinese government has taken proactive steps in making the policies for smart cities and the internet of things (IoT) that stimulates the China smart homes market. Projects for smart cities are not only an opportunity for domestic companies but also for MNC companies. Smart home is sub-part of IoT devices, means Chinese government policies will drive the China smart home market.
The report titled “China Smart Home Market, Numbers, and Penetration by (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security and Smart Appliances) Company Analysis (Chuango Security Technology Corp, Heiman Co., Limited, Sichuan Changhong Electric Co Ltd, Hisense Co. Ltd, Xiaomi Inc, Alibaba Group, JD.com, Baidu, Haier)” provides a complete analysis of the market and its future forecast.
Product Category - Market, Household Penetration & Numbers
1. Control and Connectivity
2. Comfort and Lighting
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security
This research report studies China smart home automation from 10 viewpoints:
1. Numbers & Forecast
2. Market & Forecast
3. Household Penetration & Forecast
4. Market Share, Numbers Share, Penetration Share & Forecast
5. Market, Number, Penetration analysis by (Control and Connectivity, Comfort and Lighting, Home Entertainment, Smart Appliances, Energy Management and Security)
6. Funding in China Smart Homes Market
7. Recent Development in China Smart Home Market
8. China Smart City Pilot Projects and Financing
9. Policies, Trends and Standards & Government Role - China IoT / Smart Homes Market
10. Company Product Profiling of China Smart Homes
China Smart Homes 9 Company profile cover in this report
1. Chuango Security Technology Corp
2. HEIMAN CO., LIMITED
3. Sichuan Changhong Electric Co Ltd
4. Hisense Co. Ltd
5. Xiaomi Inc
6. Alibaba Group
7. JD.com
8. Baidu
9. Haier
All the Company in the report has been studied from 3 viewpoints
1. Company Overview
2. Smart Home Products
3. Initiatives / Development in IoT & Smart Homes
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary
Companies Mentioned
- Alibaba Group
- Baidu
- Chuango Security Technology Corp
- Haier
- HEIMAN CO., LIMITED
- Hisense Co. Ltd
- JD.com
- Sichuan Changhong Electric Co Ltd
- Xiaomi Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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