Berg Insight: 105 million Smart homes in Europe and North America

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Berg Insight: 105 million Smart homes in Europe and North America

IoT analyst firm Berg Insight just released its new Report on Smart Homes and Home automation. They found out that the number smart homes in Europe and North America reached 105.0 million in 2021. In North America, the installed base of smart homes reached 51.3 million at the end of the year – this results in a penetration rate of 36 percent. The number of smart homes in North America grew by 13.0 percent year-on-year in 2021.<7p>

And the strong growth is expected to continue in the next years. The analysts expect that by 2026 about 74.6 million homes in North America will be smart – that would be 50 percent of all homes in the region. The European market is still behind. It’s total of 53.7 million smart homes in Europe at the end of 2021. If the forecasted installed base reaches 100 million homes at the end of 2026, this would represent a market penetration of 42 percent.
Among the products that are widely spread are smart thermostats, smart light bulbs, smart security cameras, smart door locks, smart plugs and smart speakers. These are marketed by incumbent OEMs such as Signify, Resideo, Danfoss, Belkin, Chamberlain and Assa Abloy – but newer entrants such as Ecobee, Mysa, Nuki, Arlo, Netatmo, IKEA and Wyze Labs are also getting a good share. On the North American market, interactive home security systems have emerged as one of the most common types of smart home systems. Among the largest home security providers are ADT, Vivint and Comcast.
Smart and connected home solutions are becoming ubiquitous and in many product categories connectivity is a standard feature. Still, connected product do not automatically equal an intelligent solution that adds real value.

Berg Insight 105 million Smart homes in Europe and North America

There is much left to work on for the participants in the smart home market before the true smart home is realized, in which products and systems from different vendors works seamlessly together and automatically make adjustments optimized for the individual user,

said Berg’s Senior analyst Martin Bäckman. Due to him, developments on the software side are key to make this a reality.

The much-anticipated smart home standard Matter, which is planned to be launched during 2022, holds great potential to solve many of the issues that hampers adoption of smart home solutions today,

concludes Mr. Bäckman.
The whole Report is available starting at € 1.500 at the Berg Insight website.

Author: Tim Cole
Image Credit: Pixabay

 

 

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