How big is the Germany Smart Home Market?

The Germany Smart Home Market size is expected to reach USD 8.65 billion in 2024 and grow at a CAGR of 12.30% to reach USD 15.45 billion by 2029. Read More

What is the current Germany Smart Home Market size?

In 2024, the Germany Smart Home Market size is expected to reach USD 8.65 billion. Read More

Who are the key players in Germany Smart Home Market?

Schnieder Electric, Honeywell International Inc., Siemens AG, Google LLC (Alphabet Inc.) and Robert Bosch Smart Home GmbH are the major companies operating in the Germany Smart Home Market. Read More

What years does this Germany Smart Home Market cover, and what was the market size in 2023?

In 2023, the Germany Smart Home Market size was estimated at USD 7.59 billion. The report covers the Germany Smart Home Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Germany Smart Home Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Germany Smart Home Market Size & Share Analysis - Industry Research Report

Germany Smart Home Market Size and Share Analysis - Growth, Trends, and Forecast (2024 - 2029)

The German Smart Home Market Report is Segmented by Product (Comfort and Lighting, Control and Connectivity, Energy Management, Home Entertainment, Security, and Smart Appliances). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Germany Smart Home Industry Overview

The German smart home market is highly competitive, driven by high disposable incomes and tech-savvy consumers who prefer a range of options. Major players such as Samsung and Amazon compete with other international and regional companies by offering diverse smart home devices and integrated systems tailored to local preferences. The competition is intensified by the fast pace of technological advancements and the growing consumer demand for innovative, cost-effective, and energy-efficient solutions.

In March 2024, Schneider Electric unveiled the upgraded Back-UPS BE Series - 900 & 1050 VA, catering to remote work and smart home needs. With increased power capacity, they ensure uninterrupted connectivity for critical devices. The modern design optimizes space with stackable surfaces. Users benefit from enhanced convenience with USB charging ports and a user-friendly interface signaling UPS status. Moreover, the series prioritizes sustainability, meeting stringent energy efficiency standards. The inclusion of PowerChute Serial Shutdown software aids in utility bill savings.