Europe Smart Home Market : Opportunities & Forecast, 2018-2025 Europe Smart Home Market Opportunities | Page 3

the consumers. Moreover, the lighting control systems help
in reducing the carbon footprint, lowering energy
consumption cost, complementing the home design and in
enhancing the lighting management in a smart home are
propelling the growth of the lighting control application in
Europe’s smart home market.
The market for HVAC control systems is expected to
witness substantial growth in the region owing to the
availability of technologically advance and wi-fi enabled
HVAC systems and robust energy distribution network in
European countries. Various companies in the region
including Bosch Thermotechnik GmbH, Daikin Europe N.V,
Vaillant GmbH, Ingersoll-Rand European Holding Company
B.V, CIAT Air Conditioners, Mitsubishi Electric Europe B.V.,
and many more have been involved in the development and
sales of smart HVAC systems in the region
Figure 2: Europe Smart Home Market Revenue, by Countries,
2017
Source: GMI Research