DUBLIN--(BUSINESS WIRE)--The "China Smart Home Market, Number, Household Penetration & Key Company Profiles - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Chinese smart home market was valued at just over US$ 7 Billion in 2018 and is likely to fivefold by the year 2025.
Smart home is a system that allows home owner to control and monitor different devices in home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet. In China, household penetration for smart home applications is estimated at around 5% in 2018.
The growth of smart home market is attributed to factors such as significantly growing IoT market, government support, increasing urbanization & growing awareness for smart home technology, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market.
The favorable policies and the coming of Internet of Things laid solid foundation for smart home market in China. Furthermore, initiatives such as National New-type Urbanization Plan, China's 12th five-year Development Plan, Smart Cities Projects and Made in China 2025 strategy, are likely to fuel the growth of China smart home market.
In addition to country-wide initiatives, large corporations in China, from technology giants to white goods manufacturers, are placing big bets on the Chinese smart home market. Several major Chinese giants like Baidu, Xiaomi, Alibaba, Haier and many others have already entered the market for smart home products.
Key Topics Covered:
1. Executive Summary
2. China Smart Home Market Analysis to 2025
3. China Smart Home Market Share Analysis to 2025
4. China Smart Home Market, Number of Active Households & Households Penetration - By Application Areas
5. China Smart Home Market Funding
6. China Smart Home Market - Recent Development
7. China IoT / Smart Homes Market - Policies, Trends and Standards & Government Role
8. China Smart Home - Key Company Profiles
9. China Smart Home Market - Driving Factors
10. China Smart Home Market - Challenges
Companies Mentioned
- Alibaba Group
- Baidu
- China Unicom
- Chuango Security Technology Corp
- Haier
- Heiman Co., Limited
- Hisense Co. Ltd
- JD.com
- Sichuan Changhong Electric Co Ltd
- Xiaomi Inc
For more information about this report visit https://www.researchandmarkets.com/research/m5nxnl/china_smart_home?w=4
