How big is the India Smart Home Market?

The India Smart Home Market size is expected to reach USD 4 billion in 2024 and grow at a CAGR of 30% to reach USD 14.28 billion by 2029. Read More

What is the current India Smart Home Market size?

In 2024, the India Smart Home Market size is expected to reach USD 4 billion. Read More

Who are the key players in India Smart Home Market?

Schneider Electric SE, Emerson Electric Co, ABB Ltd, Honeywell International Inc. and Siemens AG are the major companies operating in the India Smart Home Market. Read More

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

In 2023, the India Smart Home Market size was estimated at USD 2.80 billion. The report covers the India Smart Home Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Smart Home Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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

India Smart Home Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The India Smart Home Market Report is Segmented by Product Type (Comfort and Lighting, Control and Connectivity, Energy Management, Home Entertainment, Security, Smart Appliances, HVAC Control) and Technology (Wi-Fi, Bluetooth, and Other Technologies). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

India Smart Home Industry Overview

The Indian smart home market is very competitive in nature. The market is highly concentrated due to the presence of various small and large players. All the major players account for a significant share of the market and are focusing on expanding the consumer base globally. Some of the significant players in the market are Schneider Electric SE, Emerson Electric Corporation, ABB Ltd, Honewell International Inc., and Siemens AG. Companies are increasing their market share by forming multiple collaborations, partnerships, and acquisitions, as well as investing in introducing new products to earn a competitive edge during the forecast period.

October 2023: Messe Frankfurt Trade Fairs India announced a partnership with World Media and Expo LLP to host the Smart Home Expo jointly. The Smart Home Expo is recognized for being the leading platform that presents a comprehensive selection of high-quality home automation products and solutions utilizing the latest technologies for households. Additionally, in recent years, these exhibitions focusing on lighting have expanded to incorporate various essential industry components, including lighting controls, sensors, Wi-Fi-operated systems, and a wide range of smart lighting systems.
August 2023: Samsung Electronics and LG Electronics collaborated to create a Smart Home to strengthen the advancement of smart living. The collaboration includes combining the smart home platforms of both companies in the cloud to enhance connectivity between devices. Samsung Electronics and LG Electronics collaborated to connect their appliances seamlessly. This significant measure marks the first commercial implementation of the HCA (Home Connectivity Alliance) standard 1.0.