Based on BSRIA Smart Home 2010 Europe study (updated to 2012)
Europe's smart home market is still a niche market, despite the continuous development over the past 10 and more years, but there is growing interest with an upward trend seen in the market size, a new study from British building environment market intelligence provider BSRIA has found.
Home control can be traced back to the 1980s with controls on electrical equipment. The smart - or intelligent - home has been in development for over 10 years, but awareness by consumers of smart home products and systems remains low. However, in the last year, more people from the industry have started talking about the smart home, due to the interest in energy conservation in the home.
Broadly the smart home market can be segmented into three areas:
• Smart home products
• Home energy management
• Residential environmental controls.
SMART HOME PRODUCTS
In 2010 Europe's smart home market, including products along with the system integration (design, installation, wiring, customized programming, etc.) and installation labour, was valued at €529.6 million. This is up 18% from the €448.3 million of 2008.