GCC Smart Homes Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Name: GCC Smart Homes Market, Size, Forecast 2023-2028
Creator: Renub Research
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Keywords: GCC Smart Home Market

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Excel: 8 Hours

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Mar 2023

Pages: 250

GCC Smart Home Market Outlook

GCC Smart Home Market will reach US$ 1,881.16 Million in 2028, according to Renub Research. 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 Revenue, 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.

Renub Research 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:

1. Overview
2. Recent Development
3. Revenue

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.

Report Details:

Report Features	Details
Base Year	2022
Historical Period	2018 - 2022
Forecast Period	2023 - 2028
Market	US$ Million
Segment Covered	Application, and Country
Companies Covered	Johnson Controls Revenue, Schneider Electric, Emerson Electric Revenue, LG, LeGrand, Siemens AG, Honeywell, and Apple
Customization Scope	20% Free Customization
Post-Sale Analyst Support	1 Year (52 Weeks)
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

1. Introduction

2. 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

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