GCC Smart Home Industry was US$ 562.70 Million in 2022
GCC Smart Home Market will reach US$ 1,881.16 Million in 2028, according to the publisher. A smart home is a residence with advanced automation systems and intelligent devices that users can control remotely through a smartphone or computer. It increases comfort, convenience, security, and energy efficiency by automating and controlling lighting, heating/cooling, appliances, entertainment, and security systems. Features can include voice-activated assistants, sensors, and integrated networks for seamless communication.
The acronym "GCC" commonly stands for the Gulf Cooperation Council, a group of six Middle Eastern nations, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), united in a regional, political, and economic alliance. Smart homes in the GCC region integrate advanced technology with traditional Islamic design and architecture to create culturally relevant and technologically advanced residences that increase comfort, convenience, security, and energy efficiency.
GCC Smart Home Market shall grow at 22.28% during the forecast period 2022- 2028
The demand for innovative home systems in the GCC region is growing due to several factors. One of these is increased awareness and availability of related technology. In addition, GCC governments have launched initiatives to promote innovative home technology and energy efficiency, contributing to market growth. Moreover, the region has invested significantly in internet infrastructure, including high-speed fiber-optic networks, making it easier for homeowners to connect and control devices remotely.
Furthermore, rising incomes across the GCC region have led more homeowners to invest in innovative home technology to enhance their quality of life. Additionally, security concerns have increased demand for intelligent home security systems. Finally, the extreme temperatures experienced in the summer months in the GCC region have driven demand for smart home systems that can control indoor temperatures efficiently and reduce energy consumption. As a result, the GCC Smart Home Industry was US$ 562.70 Million in 2022.
Control and Connectivity Appliances dominate the GCC Smart Homes due to Remote Managing and Control Options
Based on application, the division of GCC Smart Home Market is into Comfort and Lighting, Control and Connectivity, Energy management, Home Entertainment, Security, and Smart appliance. Investments in technology infrastructure in the GCC region have led to rapid advancements in the sector, increasing the availability of advanced control and connectivity applications that users can integrate into smart homes. With increasing awareness of the benefits of smart homes, there is a growing demand for control and connectivity applications that allow homeowners to manage and monitor their devices remotely.
Moreover, these applications can help reduce energy consumption by enabling remote monitoring and adjustment of appliance settings. Customization is also a factor driving the growth of control and connectivity applications, as homeowners in the GCC region value personalization. Furthermore, governments in the GCC region have launched initiatives to promote the adoption of innovative home technology, contributing to the expansion of control and connectivity applications in the region.
Saudi Arabia Utilizes Smart Homes the most in the GCC Region
The GCC Smart Home Market comprises countries such as UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman. Saudi Arabia has a high rate of urbanization, with many people living in densely populated urban areas. Smart homes can provide a convenient and efficient way for people to manage their homes in these environments. The Saudi Arabian government has launched several initiatives to advance the adoption of innovative home technology.
For example, the Saudi Vision 2030 initiative seeks to increase the use of intelligent technology across various sectors, including the residential sector. In addition, Saudi Arabia has a relatively high level of disposable income compared to other countries in the region, which makes innovative home technology more accessible to homeowners.
Furthermore, Saudi Arabia experiences extreme temperatures, particularly during the summer months. Smart homes can help homeowners regulate indoor temperatures more efficiently, resulting in significant energy savings. In addition, Saudi Arabia has faced security challenges in recent years, which has increased demand for smart home security systems that can help protect homes and families.
Key Players Analysis
Competition is fierce in the GCC intelligent home market, where companies must offer competitive pricing, innovative products with advanced features, and a strong reputation for quality and reliability. Additionally, excellent customer service and support are crucial for success. Collaboration and forming strategic partnerships with other firms in the industry can also provide a competitive advantage.
Major companies present in the market are Johnson Controls, Schneider Electric, Emerson Electric Revenue, LG, LeGrand, Siemens AG, Honeywell, and Apple.
Geomagical Labs, an AI imaging startup, was acquired by IKEA in April 2021. The company has developed a product that enables users to swiftly scan a room using a smartphone and create a panoramic 3D image in just a few minutes.
This report titled “GCC Smart Home Market Global Forecast by application (Comfort and Lighting, Control and Connectivity, Energy management, Home Entertainment, Security, and Smart appliance), country (UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman), Company Analysis (Johnson Controls Revenue, Schneider Electric, Emerson Electric Revenue, LG, LeGrand, Siemens AG, Honeywell, and Apple)" provides a detailed analysis of GCC Smart Home Market.
Application - Market breakup from 6 Viewpoints:
1. Comfort and Lighting
2. Control and Connectivity
3. Energy management
4. Home Entertainment
5. Security
6. Smart appliance
Country - Market breakup from 6 Viewpoints:
1. UAE
2. Saudi Arabia
3. Qatar
4. Kuwait
5. Bahrain
6. Oman
Company has been covered from 3 Viewpoints:
- Overviews
- Recent Developments
- Revenues
Company Analysis:
1. High Liner Foods Inc.
2. Johnson Controls
3. Schneider Electric
4. Emerson Electric
5. LG
6. LeGrand
7. Siemens AG
8. Honeywell
9. Apple
Table of Contents
1. Introduction2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Porters Five Forces
5.1 Competitive Rivalry
5.2 Supplier Power
5.3 Buyer Power
5.4 Threat of Substitution
5.5 Threat of New Entry
6. GCC Smart Home Market
7. Market Share - GCC Smart Home Market
7.1 By Application
7.2 By Countries
8. Application - GCC Smart Home Market
8.1 Comfort and Lighting
8.2 Control and Connectivity
8.3 Energy Management
8.4 Home Entertainment
8.5 Security
8.6 Smart Appliance
9. Countries - GCC Smart Home Market
9.1 UAE
9.1.1 Comfort and Lighting
9.1.2 Control and connectivity
9.1.3 Energy Management
9.1.4 Home Entertainment
9.1.5 Security
9.1.6 Smart Appliance
9.2 Saudi Arabia
9.2.1 Comfort and Lighting
9.2.2 Control and connectivity
9.2.3 Energy Management
9.2.4 Home Entertainment
9.2.5 Security
9.2.6 Smart Appliance
9.3 Qatar
9.3.1 Comfort and Lighting
9.3.2 Control and connectivity
9.3.3 Energy Management
9.3.4 Home Entertainment
9.3.5 Security
9.3.6 Smart Appliance
9.4 Kuwait
9.4.1 Comfort and Lighting
9.4.2 Control and connectivity
9.4.3 Energy Management
9.4.4 Home Entertainment
9.4.5 Security
9.4.6 Smart Appliance
9.5 Bahrain
9.5.1 Comfort and Lighting
9.5.2 Control and connectivity
9.5.3 Energy Management
9.5.4 Home Entertainment
9.5.5 Security
9.5.6 Smart Appliance
9.6 Oman
9.6.1 Comfort and Lighting
9.6.2 Control and connectivity
9.6.3 Energy Management
9.6.4 Home Entertainment
9.6.5 Security
9.6.6 Smart Appliance
10. Key Players
10.1 Johnson Controls
10.1.1 Overview
10.1.2 Recent Development
10.1.3 Revenue
10.2 Schneider Electric
10.2.1 Overview
10.2.2 Recent Development
10.2.3 Revenue
10.3 Emerson Electric Revenue
10.3.1 Overview
10.3.2 Recent Development
10.3.3 Revenue
10.4 LG
10.4.1 Overview
10.4.2 Recent Development
10.4.3 Revenue
10.5 Legrand SA
10.5.1 Overview
10.5.2 Recent Development
10.5.3 Revenue
10.6 Siemens AG
10.6.1 Overview
10.6.2 Recent Development
10.6.3 Revenue
10.7 Honeywell
10.7.1 Overview
10.7.2 Recent Development
10.7.3 Revenue
10.8 Apple
10.8.1 Overview
10.8.2 Recent Development
10.8.3 Revenue
List of Figures:
Figure 01: GCC - Smart Home Market (Million US$), 2018 - 2022
Figure 02: GCC - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 03: Application - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 04: Application - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 05: Application - Control and Connectivity Market (Million US$), 2018 - 2022
Figure 06: Application - Forecast for Control and Connectivity Market (Million US$), 2023 - 2028
Figure 07: Application - Energy Management Market (Million US$), 2018 - 2022
Figure 08: Application - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 09: Application - Home Entertainment Market (Million US$), 2018 - 2022
Figure 10: Application - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 11: Application - Security Market (Million US$), 2018 - 2022
Figure 12: Application - Forecast for Security Market (Million US$), 2023 - 2028
Figure 13: Application - Smart Appliance Market (Million US$), 2018 - 2022
Figure 14: Application - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 15: UAE - Smart Home Market (Million US$), 2018 - 2022
Figure 16: UAE - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 17: UAE - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 18: UAE - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 19: UAE - Control and connectivity Market (Million US$), 2018 - 2022
Figure 20: UAE - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 21: UAE - Energy Management Market (Million US$), 2018 - 2022
Figure 22: UAE - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 23: UAE - Home Entertainment Market (Million US$), 2018 - 2022
Figure 24: UAE - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 25: UAE - Security Market (Million US$), 2018 - 2022
Figure 26: UAE - Forecast for Security Market (Million US$), 2023 - 2028
Figure 27: UAE - Smart Appliance Market (Million US$), 2018 - 2022
Figure 28: UAE - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 29: Saudi Arabia - Smart Home Market (Million US$), 2018 - 2022
Figure 30: Saudi Arabia - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 31: Saudi Arabia - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 32: Saudi Arabia - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 33: Saudi Arabia - Control and connectivity Market (Million US$), 2018 - 2022
Figure 34: Saudi Arabia - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 35: Saudi Arabia - Energy Management Market (Million US$), 2018 - 2022
Figure 36: Saudi Arabia - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 37: Saudi Arabia - Home Entertainment Market (Million US$), 2018 - 2022
Figure 38: Saudi Arabia - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 39: Saudi Arabia - Security Market (Million US$), 2018 - 2022
Figure 40: Saudi Arabia - Forecast for Security Market (Million US$), 2023 - 2028
Figure 41: Saudi Arabia - Smart Appliance Market (Million US$), 2018 - 2022
Figure 42: Saudi Arabia - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 43: Qatar - Smart Home Market (Million US$), 2018 - 2022
Figure 44: Qatar - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 45: Qatar - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 46: Qatar - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 47: Qatar - Control and connectivity Market (Million US$), 2018 - 2022
Figure 48: Qatar - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 49: Qatar - Energy Management Market (Million US$), 2018 - 2022
Figure 50: Qatar - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 51: Qatar - Home Entertainment Market (Million US$), 2018 - 2022
Figure 52: Qatar - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 53: Qatar - Security Market (Million US$), 2018 - 2022
Figure 54: Qatar - Forecast for Security Market (Million US$), 2023 - 2028
Figure 55: Qatar - Smart Appliance Market (Million US$), 2018 - 2022
Figure 56: Qatar - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 57: Kuwait - Smart Home Market (Million US$), 2018 - 2022
Figure 58: Kuwait - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 59: Kuwait - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 60: Kuwait - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 61: Kuwait - Control and connectivity Market (Million US$), 2018 - 2022
Figure 62: Kuwait - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 63: Kuwait - Energy Management Market (Million US$), 2018 - 2022
Figure 64: Kuwait - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 65: Kuwait - Home Entertainment Market (Million US$), 2018 - 2022
Figure 66: Kuwait - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 67: Kuwait - Security Market (Million US$), 2018 - 2022
Figure 68: Kuwait - Forecast for Security Market (Million US$), 2023 - 2028
Figure 69: Kuwait - Smart Appliance Market (Million US$), 2018 - 2022
Figure 70: Kuwait - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 71: Bahrain - Smart Home Market (Million US$), 2018 - 2022
Figure 72: Bahrain - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 73: Bahrain - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 74: Bahrain - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 75: Bahrain - Control and connectivity Market (Million US$), 2018 - 2022
Figure 76: Bahrain - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 77: Bahrain - Energy Management Market (Million US$), 2018 - 2022
Figure 78: Bahrain - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 79: Bahrain - Home Entertainment Market (Million US$), 2018 - 2022
Figure 80: Bahrain - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 81: Bahrain - Security Market (Million US$), 2018 - 2022
Figure 82: Bahrain - Forecast for Security Market (Million US$), 2023 - 2028
Figure 83: Bahrain - Smart Appliance Market (Million US$), 2018 - 2022
Figure 84: Bahrain - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 85: Oman - Smart Home Market (Million US$), 2018 - 2022
Figure 86: Oman - Forecast for Smart Home Market (Million US$), 2023 - 2028
Figure 87: Oman - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 88: Oman - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 89: Oman - Control and connectivity Market (Million US$), 2018 - 2022
Figure 90: Oman - Forecast for Control and connectivity Market (Million US$), 2023 - 2028
Figure 91: Oman - Energy Management Market (Million US$), 2018 - 2022
Figure 92: Oman - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 93: Oman - Home Entertainment Market (Million US$), 2018 - 2022
Figure 94: Oman - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 95: Oman - Security Market (Million US$), 2018 - 2022
Figure 96: Oman - Forecast for Security Market (Million US$), 2023 - 2028
Figure 97: Oman - Smart Appliance Market (Million US$), 2018 - 2022
Figure 98: Oman - Forecast for Smart Appliance Market (Million US$), 2023 - 2028
Figure 99: Johnson Controls - Global Revenue (Billion US$), 2018 - 2022
Figure 100: Johnson Controls - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 101: Schneider Electric - Global Revenue (Billion US$), 2018 - 2022
Figure 102: Schneider Electric - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 103: Emerson Electric Revenue - Global Revenue (Billion US$), 2018 - 2022
Figure 104: Emerson Electric Revenue - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 105: LG - Global Revenue (Billion US$), 2018 - 2022
Figure 106: LG - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 107: Legrand SA - Global Revenue (Billion US$), 2018 - 2022
Figure 108: Legrand SA - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 109: Siemens AG - Global Revenue (Billion US$), 2018 - 2022
Figure 110: Siemens AG - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 111: Honeywell - Global Revenue (Billion US$), 2018 - 2022
Figure 112: Honeywell - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 113: Apple - Global Revenue (Billion US$), 2018 - 2022
Figure 114: Apple - Forecast for Global Revenue (Billion US$), 2023 - 2028
List of Tables:
Table 01: Global - Smart Home Market Share by Application (Percent), 2018 - 2022
Table 02: Global - Forecast for Smart Home Market Share by Application (Percent), 2023 - 2028
Table 03: Global - Smart Home Market Share by Countries (Percent), 2018 - 2022
Table 04: Global - Forecast for Smart Home Market Share by Countries (Percent), 2023 - 2028
Companies Mentioned
- High Liner Foods Inc.
- Johnson Controls
- Schneider Electric
- Emerson Electric
- LG
- LeGrand
- Siemens AG
- Honeywell
- Apple
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 562.7 Million |
| Forecasted Market Value ( USD | $ 1881.16 Million |
| Compound Annual Growth Rate | 22.2% |
| Regions Covered | Middle East |
| No. of Companies Mentioned | 9 |
