Rising Number of Smart Cities Construction Projects to Drive the Middle East Smart Homes Market During 2021-26

The Middle East Smart Homes Market is projected to grow at a CAGR of 24% in the forecast period of 2021-26, says MarkNtel Advisors in their recent research report. The market is driven primarily by favorable government policies across different countries for encouraging energy efficiency across facilities & equipment & laying out various smart city development projects across the Middle East. 

Smart home devices require a smartphone application or a web portal as a user interface to interact with the device. In line with increasing concerns associated with home security, the demand for smart home solutions like security & access regulators is swiftly rising across the region. 

Additionally, the burgeoning use of solutions like entertainment controls, Heating, Ventilation, & Air Conditioning (HVAC) controllers, & smart lighting systems, among others, for better living experience & comfort, are other crucial aspects driving the market, further states the research report, “Middle East Smart Homes Market Analysis, 2021.”

HVAC to Remain a Prominent Contributor to the Market Growth through 2026

Based on the Product Type, HVAC Controls significantly contributed to the Middle East Smart Homes Market growth and shall prevail the same trend during the forecast period. It owes primarily to new government regulations associated with energy efficiency, i.e., opening gateways to the smart HVAC control systems for advanced heating & air conditioning in buildings.

Additionally, the rapidly changing climatic conditions and the mounting demand for cooling systems across different types of facilities is another aspect propelling the adoption of Smart HAVC systems & fueling the overall market growth across the Middle East.

Moreover, reducing costs of IoT-based sensors shall encourage several Original Equipment Manufacturers (OEMs) to offer Smart HVAC control systems at lower & competitive prices, which, in turn, would positively influence the market growth over the forecast years.

With Rising Use of IoT in Smart Home Solutions, UAE to Reign the Middle East Smart Homes Market through 2026

Geographically, of all countries in the Middle East, UAE is anticipated to dominate the Smart Homes Market with the largest share during the forecast period. UAE is witnessing an increasing penetration of technologies like the Internet of Things (IoT) in smart home solutions to control domestic appliances & services like complex heating & lighting systems, home security & alarms controls, etc., all linked by a central hub & operated through a mobile app. 

Additionally, various ongoing constructions of smart cities, luxurious villas, societies, etc., across the UAE, coupled with the growing awareness among consumers regarding smart home solutions, are other crucial aspects projected to boost the market during 2021-26, cites MarkNtel Advisors in their research report, "Middle East Smart Homes Market Analysis, 2021."

Leading Companies in the Market

According to MarkNtel Advisors, the leading players in the Middle East Smart Homes Market are ABB Ltd., Johnson Controls, United Technologies Corporation, Emerson Electronics Co., Honeywell International, Inc., Legrand S.A., Lutron Electronics, Inc., Schneider Electric S.A., Siemen AG, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Haier Group, Crestron Electronics, Inc., LG Electronics, Inc.

Key Questions Answered in the Study

1. What are the current & future trends in the Middle East Smart Homes Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the Middle East, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Middle East Smart Homes Market?
5. What are the customer orientation, purchase behavior, and expectations from the smart homes devices & solution providers across the Middle East?

Market Segmentation:

1. By Technology (Cellular Network Technologies, Protocols & Standards, Wireless Communication Technologies)
2. By Software & Service (Behavioral, Proactive)
3. By Product Type (Entertainment Controls (Audio, Volume & Multimedia Room Controls, Homes Theater System Control, Touchscreen & Keypads), Security & Access Control (Video Surveillance (Hardware, Software, Services), Access Control (Non-Biometric Access Control, Biometric Access Control)), HVAC Control (Smart Thermostats, Sensors, Actuators, Dampers, Control Valves, Heating & Cooling Coils, Pumps & Fans, Smart Vents), Smart Homes Appliances (Smart Washers, Smart Dryers, Smart Water Heaters, Smart Vacuum Cleaners), Smart Kitchen (Smart Dishwashers, Smart Refrigerators, Smart Cookers, Smart Ovens, Smart Coffee Makers, Smart Kettles), Smart Lighting Control (Dimmers, Switches, Relays, Daylight Sensors, Timers), Smart Furniture (Smart Tables, Smart Stools & Benches, Smart Sofas, Smart Chairs, Smart Desks), Others (Smart Plugs, Smoke Detectors, Smart Meters))
4. By Countries (UAE, Saudi Arabia, Oman, Bahrain, Kuwait, Qatar, Israel, Egypt, Turkey)
5. By Competitors (ABB Ltd., Johnson Controls, United Technologies Corporation, Emerson Electronics Co., Honeywell International, Inc., Legrand S.A., Lutron Electronics, Inc., Schneider Electric S.A., Siemen AG, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Haier Group, Crestron Electronics, Inc., LG Electronics, Inc.)