consumption of energy. For instance, in 2015, Government of India launched "100 Smart Cities
Mission". Hence, all these factors will expected to drive the growth of the Zig Bee protocol over
the forecasted period (2018-2026).
However, short range network and low data transfer speed are major factors hindering growth of
the ZigBee market. ZigBee performs well in the range of within the range of 10 metres only.
Additionally, high replacement cost of ZigBee enabled appliances is another factor hampering
the market’s growth.
Global Zig Bee Market: Segment Trends
ZigBee smart energy segment accounted for the largest market share in 2017 and is expected to
remain largest over the forecasted period (2018-2026). The advantages offered by ZigBee Smart
Energy are it helps in tracking real-time information related to energy consumption, multiple
control methods e.g. emergency signals and duty cycling, and has the ability to randomize start
and end times to avoid energy spikes. With the access to monitor the energy consumption, both
utilities and end-users can regulate the use of energy, thus saving money and reducing the
impact on the environment.
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Global Zig Bee Market: Trends
Rising inclination for adoption of smart home devices across the globe is one of the primary
factors expected to boost demand for ZigBee enabled devices in the near future. For instance,
according to Coherent Market Insights’ analysis, 47 million smart home devices were shipped
worldwide in 2015 and 80 million in 2016, globally. The rampant growth of smart home will
inadvertently increase demand for smart consumer electronic devices and gadgets that connects
to common home network. The adoption of ZigBee protocol helps consumers to remotely control
their home appliances such as a lighting system, heating and cooling system, safety equipment
operation, and many more, which further makes home appliances more efficient in terms of
energy usage and also help in reducing energy consumption and minimizing energy wastage.
Global ZigBee Market: Regional Insights
North America accounted for the largest market share in 2017, where the U.S. and Canada were
the major growth engines. The factors driving growth of the market in this particular region are
rising digitalization, rapid technological advancements, increasing penetration of internet users,
rising popularity of smart homes and smart devices among the users, and others. For instance,
according to InternetLiveStats’ analysis, in the U.S. the total number of internet users in 2015
was 283,712,407 and it has increased to 286,942,362 in 2016. Additionally, according to
Coherent Market Insights’ analysis, in the U.S. in 2016, the installed base Internet of Things (IoT)
devices in households was 228 million and has grown up to 240 million in 2017. Additionally,
according to Coherent Market Insights’ analysis, the sales of smart homes in 2016 was US$ 1.22