china smart homes market and forecast

Renub Research www.renub.com

China Smart Homes

Automation Market and

Forecast

Category: Information Technology, Telecom & Internet

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China Smart Homes Automation Market and Forecast

Analyst View: China Smart Homes Market will grow with double digit CAGR of 44.30 percent

during the forecast period 2017-2024.

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Press Release Title: China Smart Homes Market is growing with double digit CAGR of 44.30

percent.

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double-digit-cagr-of-44-30-percent-60-nd.php

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China Smart Homes Market will grow with double digit CAGR

of 44.30 %

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Renub Research predicts that China Smart Homes Market will grow with double

digit CAGR of 44.30 percent during the forecast period 2017–2024. Smart homes

market in China has great reasons to rise as it has all emergent required factors

like growing middle and upper class population, government support policy for

IoT, high internet penetration rate, large number of internet users and hefty local

manufactures which help to boost uses of smart home devices in lower and

middle income segments.

Home automation or Smart homes began to rise in recognition in the early 2000s,

due to the evolution in technologies. Smart homes unexpectedly became a more

affordable option, and therefore a feasible technology for payers. Home

networking, Domestic technologies, and other gadgets began to emerge on store

shelves.

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In the current scenario, smart homes are more about security and living greener.

The idea of Smart homes has been getting a huge amount of recognition in

current years. One of the best examples of Smart homes concept is Bill Gates

Xanadu 2.0. Reports are to be believed that Bill Gates has a favourite old Maple

tree which is being monitored 24/7 by computer without any human intrusion.

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The smart home control interface is user friendly. It also works on wall-mounted

touch screen panel, iPad, iPhone, or a usual wall-mounted keypad. The smart-

home system allows people to predetermine and calls up their preference scenes

by touching one button.

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Details about Companies Performance in China Smart Homes

Segment

Interactivity and Connectivity are driving the way families manage their homes as

well as livelihood. So, if someone wants to out due to social activities, business,

and children’s school schedules, the new improved smart system offers cutting

edge connectivity to the household, even when someone is far away from homes.

At the same time, when the smart home is in use, it offers higher level of

automation, enables better control, safety and more convenience compared to

traditional home.

Companies Performance in China Smart Homes Segment

E-Commerce giant Alibaba has teamed up with goods manufacturer Midea to co

produce smart air conditioners. Apart from Alibaba, Midea has also teamed up

with many other companies like smart phone manufacturer Xiaomi Inc to keep

their feet in the world of Smarts homes market. Besides, these many other

companies like Chuango Security Technology Corp, Heiman Co.ltd, Sichuan

Changhong Electric Co.Ltd, Hisense Co.Ltd etc also flourishing into the Smart

homes market. These players are playing a very crucial role into the development

of China Smart Homes market.


5 segments of China Smart Homes discussed below:

The report studies all the 5 segments of China Smart Homes discussed below:

Home Automation

“Home Automation” includes the essential equipment (connected and remote

control devices) and services that form part of an intelligent home network.

These include central control and communication units (Gateway), programmable

control buttons (e.g. wall switches and adjustable dials), sensors and actuators

(e.g. door and window sensors, shutters) as well as connected and remote

controllable light sources (Smart Bulbs) or garage door controls. Revenues are

also generated from services that support these hardware elements such as

control apps and connectivity services.

Home Entertainment

Smart Home segment “Home Entertainment” is comprised of the sale of products

and services for multi-room entertainment (e.g. sound systems) as well as

connected remote controls. Baidu’s iQiyi, is the most popular streaming service in

the country. Nearly, around 70 percent of the Chinese users watching shows and

movie on their smart phones and tablets. Netflix Inc. viewers consume their

content at home on TVs.



Ambient Assisted LivingSmart Home segment “Ambient Assisted Living“ includes products and services

for networked emergency alarms, accident detection (e.g. pressure mats),

activity monitoring (by means of sensors) and comparable connected products

that are aimed to support independent living for the elderly.

• Monitor and support every day activities of needy and elderly people,

• Provide continual assessment of health of disabled and elderly people

• Improve surveillance, management and control of home appliances.

Energy Management“Energy Management” contains the sale of the products and services for the

control and reduction, of energy use (e.g. socket inserts, automated heating

control, and timers) as well as connected sensors (e.g. temperature, sunlight, and

precipitation sensors).

A smart home is a residential dwelling, in some cases with a garden or an outdoor

space, equipped with sensors and actuators to collect data and send controls

according to the activities and expectations of the occupants/users.



Security

“Security” includes the sale of devices and services for networked access control

and management. This area includes surveillance (e.g. security cameras and

related data storage and transmission services, motion sensors, programmable

and remote control door locks) as well as equipment for risk monitoring

(connected smoke detectors and humidity sensors). Remote surveillance and

emergency services from specialized security firms without smart home relation

are not included.


Table of Contents for China Smart Home Market

Table of Contents1. Research Findings

2. China Smart Home Numbers & Forecast to 2024

3. China Smart Home Market & Forecast to 2024

4. China Smart Home Shares

5. By Segments — Market (2015–2024)

6. By Segments — Numbers (2015–2024)

7. Key Players Profiles

8. Funding in China Smart Home Market

9. China Smart City Pilot and Financing

10. China IoT / Smart Homes Policies, Trends and Standards & Government

Pivotal Role

11. Growth Drivers for China Smart Home Automation Market

12. Challenges for China Smart Home Automation Market


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Information Technology, Telecom & Internet Market Report:


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