DUBLIN, March 5, 2024 (Globe Newswire) — “Australian Smart Home Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Inflation Impact, Opportunities Company Analysis” report by ResearchAndMarkets added to. What com offers.
The Australian smart home market is projected to reach impressive valuations, estimated to reach approximately USD 6.56 billion by 2030, according to a newly released industry analysis study. It is expected to have a fast growth trajectory, with a compound annual growth rate (CAGR) of 15.73% from 2024 to 2030.
Rising concerns about safety and energy efficiency continue to proliferate applications of security systems and smart technology integration, driving growth in the Australian smart home market. The market analysis provides a comprehensive breakdown, highlighting six key perspectives across various applications, including energy management, comfort and lighting, home entertainment, control and connectivity, security, and smart home appliances.
Smart speakers have emerged as one of the most popular products on the market. As a pivotal hub for managing various smart home functions, hands-free operation and compatibility with cutting-edge AI technology drive solid market performance.
Market diversity and major companies
The market is diversified and includes a variety of products that meet the growing demand for interactive security systems, surveillance cameras, video doorbells, smart thermostats, and different types of sensors. These comprehensive products are designed to meet the evolving security and convenience demands of modern Australian homes.
Smart Speaker Interactive Security System Smart Thermostat Surveillance Camera Video Doorbell Smart Bulb Motion Sensor Smart Light Switch Door/Window Sensor Smart Door Lock
The study also provides an insightful company analysis that showcases the recent trends and revenue analysis of key players in the Smart Home market. These include innovative global and local companies that are shaping the smart home landscape through partnerships, technological advances and customer-focused product enhancements.
Companies mentioned
Philips DynaliteSonosAlarm.comAllegion plcElectrolux ABAmazonApple Inc.Xiaomi (China)Honeywell International Inc.
key attributes
Report attribute details No. Number of pages 120 Forecast period 2023 – 2030 Estimated market value in 2023 (USD) $2.36 billion Estimated market value by 2030 (USD) $6.56 billion Average annual growth rate 15.7% Target area Australia
For more information about this report, please visit https://www.researchandmarkets.com/r/vnbt0d.
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Australian smart home market