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Benelux (Belgium, the Netherlands, and Luxembourg) Connected Homes Market By Functionality (Energy and Utilities Management, Smart Entertainment, Wellness and Monitoring, Security and Safety, Smart Appliance); By Component (Light Control Solution, Security Solution, Entertainment Solution, Home Healthcare Solution, Energy Management Solution); By Platform (Smartphones, Laptops, Home Gateway, Other Platforms); By Type of Homes (Apartment, Villa/Bungalow, Other Homes) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 39398 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Benelux Connected Homes Market Size 2023  USD 2,716.90 Million
Benelux Connected Homes Market, CAGR  8.00%
Benelux Connected Homes Market Size 2032  USD 5,431.10 Million

Market Overview

The Benelux (Belgium, the Netherlands, and Luxembourg) Connected Homes Market is projected to witness substantial growth, with its value expected to surge from USD 2,716.90 million in 2023 to USD 5,431.10 million by 2032, reflecting an impressive CAGR of 8.00%.

The Benelux Connected Homes Market is driven by an array of factors and trends. The increasing adoption of smart home technologies, propelled by rising consumer awareness of energy efficiency and convenience, serves as a primary driver. Additionally, advancements in Internet of Things (IoT) technologies and the proliferation of connected devices further stimulate market growth. Moreover, government initiatives promoting sustainable living and smart city development initiatives contribute to market expansion. Furthermore, the growing demand for home automation systems and integrated smart home solutions underscores a shifting consumer preference towards connected living experiences, fostering continuous innovation and market evolution.

The Benelux connected homes market is characterized by a robust integration of advanced technologies across Belgium, the Netherlands, and Luxembourg, driven by high internet penetration and a strong focus on energy efficiency and security. Key players in this market include Proximus, Telenet, and Schneider Electric SE, which are pivotal in pushing the boundaries of smart home functionalities through innovative solutions. These companies, along with others like ABB Ltd. and Philips, are instrumental in shaping a technologically advanced and sustainable living environment, catering to the evolving needs of the tech-savvy populations in these regions.

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Market Drivers

Increasing Demand for Convenience and Comfort:

Consumers in Belgium, Netherlands, and Luxembourg are actively seeking ways to enhance their home environments and simplify their daily lives. In the Benelux region, 58% of consumers report a desire to improve their home environments for greater convenience. For instance, in Belgium alone, the adoption of smart home devices has seen a 20% increase year-over-year, with a particular emphasis on automation for lighting, which accounts for 30% of the smart device market. Smart home devices present an appealing solution, offering automation capabilities to control lighting, temperature, and entertainment systems remotely. By streamlining tasks and providing convenient access to household amenities, these technologies contribute to a more comfortable and hassle-free living experience.

Growing Focus on Energy Efficiency:

The escalating concerns regarding sustainability and rising energy expenses are propelling the uptake of smart home devices designed to optimize energy consumption. The Benelux region has witnessed a 15% rise in energy prices over the past year, prompting 40% of households to invest in energy-efficient smart home devices. For instance, smart thermostats have been shown to reduce heating costs by up to 23%, aligning with the 25% reduction target in household energy consumption set by the EU’s sustainability goals. Smart thermostats, lighting systems, and appliances enable consumers to make informed decisions about energy usage, ultimately leading to cost savings on utility bills. This emphasis on energy efficiency aligns with broader societal goals of reducing environmental impact and fostering more sustainable living practices.

Enhanced Security and Safety:

Smart security systems are becoming increasingly popular among homeowners, offering advanced features that enhance safety and provide peace of mind. In the Netherlands, 35% of homeowners have installed smart security systems, with a 50% increase in the adoption of smart locks and connected cameras over the past two years. For instance, a survey revealed that 90% of users feel an increased sense of security with real-time surveillance capabilities. Remote monitoring, smart locks, and connected cameras enable real-time surveillance and control over the home environment, deterring potential intruders and ensuring the safety of occupants. These sophisticated security solutions contribute to a heightened sense of security and confidence in home protection measures.

Technological Advancements:

Continuous advancements in technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) are driving innovation within the smart home industry. The smart home device market in Luxembourg has grown by 18% in the last year, driven by advancements in AI and IoT technologies. For instance, machine learning algorithms have improved device response times by 30%, enhancing user experience and integration into daily life. These technological developments lead to more sophisticated and user-friendly smart home devices, further enhancing their appeal and functionality. As the capabilities of these devices continue to evolve, they offer increasingly personalized and seamless integration into daily life, driving sustained market growth and adoption.

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Market Trends

Increased Focus on Interconnectivity and Integration:

In the Benelux region, akin to trends observed in the US and UK markets, there is a discernible shift towards a more interconnected and integrated approach to smart home technology.  The household penetration rate will be 43.6% in 2024 and is expected to hit 86.6% by 2028. This shift towards a more interconnected approach is similar to trends in the US and UK markets, where devices are moving beyond isolated functionality towards seamless integration within a broader ecosystem. The adoption of open standards and platforms is a key driver of this trend, as they enable smoother compatibility and control among different brands and devices. Devices are transcending their traditional silos of functionality and transitioning towards seamless integration within a broader ecosystem. This evolution empowers users with the ability to orchestrate various devices harmoniously, fostering a cohesive smart home experience. One prominent driver of this trend is the burgeoning adoption of open standards and platforms. These platforms facilitate smoother compatibility and control among different brands and devices, paving the way for a more unified and streamlined smart home landscape across the Benelux countries.

Rise of Voice Assistants and AI:

Voice assistants, notably exemplified by Amazon’s Alexa and Google Assistant, are rapidly gaining traction as preferred interfaces for controlling smart home devices throughout the Benelux region. In terms of frequency, a 2022 survey showed that 22% of respondents in the United Kingdom stated using voice assistants multiple times a day. While this data is specific to the UK, it gives an indication of the high level of engagement with voice technology in Europe.

The convenience and intuitiveness offered by voice commands resonate with consumers, driving widespread adoption. Furthermore, the integration of artificial intelligence (AI) augments these voice assistants, enabling personalized experiences and predictive automation. This synergy between voice technology and AI not only enhances user convenience but also lays the groundwork for sophisticated smart home environments that adapt and anticipate users’ needs proactively.

Market Challenges Analysis

Economic Accessibility and Technological Compatibility:

The adoption of smart home technology in regions like the US, UK, and Benelux is significantly hindered by high initial costs and interoperability challenges. Smart home devices often come with a hefty price tag, particularly when considering the necessity of multiple devices and ongoing upgrades to stay current. This creates a substantial barrier for consumers, especially those with limited disposable income. Compounding this issue is the lack of universal standards and protocols across different brands, which can lead to frustrating compatibility issues. The absence of consistent interoperability not only limits the functionality of the smart home ecosystem but also discourages consumers from investing in these technologies, stymying market growth and innovation.

Security, Privacy, and User Experience Concerns:

In addition to financial and technical obstacles, security and privacy concerns are paramount among consumers in technologically advanced regions. There is a critical need for robust security measures and transparent data practices to protect user information from cyber threats and unauthorized access. Moreover, ensuring that consumers have clear control over their personal data is essential for building trust and facilitating broader acceptance of smart home technologies. Furthermore, the complexity of setting up and using smart home systems poses another significant challenge. These systems often require a high degree of technical expertise, which can alienate less tech-savvy individuals and inhibit widespread adoption. The market’s expansion is also hampered by limited consumer awareness of the full capabilities and benefits of smart home solutions, highlighting the need for targeted educational campaigns to boost knowledge and interest.

Market Segmentation Analysis:

By Functionality:

The Benelux connected homes market is segmented into several key functional areas that cater to diverse consumer needs and preferences. Energy and Utilities Management solutions are gaining traction due to increasing awareness about energy conservation and the need for efficient home energy systems. These solutions enable consumers to monitor and control energy usage, leading to cost savings and reduced environmental impact. Smart Entertainment, another prominent segment, revolves around enhancing the multimedia experience through interconnected devices that offer streamlined access to content and immersive experiences. Wellness and Monitoring systems are particularly appealing in a health-conscious consumer base, focusing on advanced sensors and health tracking technologies to monitor health indicators in real-time. Security and Safety solutions remain a top priority, with advanced surveillance and alarm systems providing homeowners peace of mind against potential intrusions and emergencies. Lastly, Smart Appliances are transforming daily chores by integrating AI and IoT technologies, making household tasks more efficient and interactive.

By Component:

Delving into the components that form the backbone of connected homes in the Benelux region, the market showcases a diverse range of solutions tailored to enhance user experience and functionality. Light Control Solutions are pivotal in creating energy-efficient and customizable lighting environments, leveraging smart technologies that adapt to user lifestyles and preferences. Security Solutions include sophisticated systems equipped with cameras, sensors, and alarms that ensure the safety of residents and properties. Entertainment Solutions focus on providing seamless and high-quality media consumption experiences, integrating various devices and platforms. Home Healthcare Solutions cater to the growing demand for in-home medical monitoring, offering devices that track vital signs and manage health conditions effectively. Lastly, Energy Management Solutions are essential for optimizing energy consumption, reducing costs, and contributing to sustainability efforts, underscoring their importance in the connected homes ecosystem.

Segments:

Based on Functionality

  • Energy and Utilities Management
  • Smart Entertainment
  • Wellness and Monitoring
  • Security and Safety
  • Smart Appliance

Based on Component

  • Light Control Solution
  • Security Solution
  • Entertainment Solution
  • Home Healthcare Solution
  • Energy Management Solution

Based on Platform

  • Smartphones
  • Laptops
  • Home Gateway
  • Other Platforms

Based on Type of Homes

  • Apartment
  • Villa/Bungalow
  • Other Homes

Based on the Geography:

  • Belgium
  • Netherlands
  • Luxembourg

Regional Analysis

Netherlands

The Netherlands emerges as the frontrunner, capturing a significant 45% market share. This region’s tech-savvy population, coupled with a strong emphasis on sustainable living, has fueled the adoption of connected home technologies. Major cities like Amsterdam and Rotterdam have witnessed a surge in demand for smart home solutions that offer energy-efficient and eco-friendly living experiences.

Belgium

Belgium accounts for 35% of the Benelux Connected Homes Market, with Brussels and the surrounding Flemish region driving the majority of the demand. The region’s affluent demographic and a growing interest in home automation have contributed to the market’s growth. However, adoption rates vary between the Dutch-speaking and French-speaking communities, presenting an opportunity for further market penetration through targeted awareness campaigns and localized offerings.

Key Player Analysis

  • Proximus
  • Schneider Electric SE
  • ABB Ltd.
  • Honeywell International Inc.
  • Legrand SA
  • Telenet
  • Philips
  • Plugwise
  • Eltrona

Competitive Analysis

In the Benelux connected homes market, competition is intense among leading players who leverage technological innovations and strategic partnerships to dominate the space. Proximus stands out with its comprehensive smart home solutions that integrate seamlessly across various platforms, emphasizing user-friendly interfaces and robust security features. Schneider Electric SE excels in energy management solutions, appealing to environmentally conscious consumers with their efficient and sustainable home automation systems. Telenet focuses on enhancing customer connectivity and entertainment experiences, leveraging their strong telecommunications backbone to provide superior home network solutions. Philips, known for its health and wellness technologies, integrates advanced monitoring tools into everyday home appliances, enhancing user well-being. Each player brings unique strengths to the table, from ABB Ltd.’s focus on advanced electrical infrastructure to Legrand SA’s innovative light and energy control systems, creating a dynamic and competitive environment in the Benelux connected homes market.

Recent Developments

  • In 2023, the advanced home automation with Alexa was introduced by Amazon with the penetration of the artificial intelligence that can do wonders in controlling the home with the connected devices. The new feature accelerates the control devices with echo hubs and map view that eventually to leverage the living experience to the extent.
  • In 2023, Ecobee is ready to set the trend in the connected home by launching the Ecobee Smart Doorbell Camera Review. This company is stepping towards the expansion fot he company’s product portfolio by launching ecosystem products in favor to the user with the latest technological developments. Ecobee is planning to deliver advanced wireless technological thermostats that operates with the sensors connected with the internet technology.

Market Concentration & Characteristics

The Benelux connected homes market exhibits a moderate to high level of market concentration, with a few large players such as Proximus, Schneider Electric SE, and Telenet holding significant market shares. These industry leaders are distinguished by their extensive product portfolios, robust distribution networks, and strong brand reputations. The market is characterized by rapid technological advancements and a high rate of product innovations, as companies continuously strive to meet the evolving demands of tech-savvy consumers in Belgium, the Netherlands, and Luxembourg. Strategic partnerships and collaborations are common, aiming to leverage complementary strengths in technology and market reach. Moreover, the focus on integrating renewable energy sources and enhancing data security further defines the market’s characteristics, aligning with the region’s stringent regulatory standards and growing consumer expectations for sustainability and privacy.

Report Coverage

The research report offers an in-depth analysis based on Functionality, Component, Platform, Type of Homes and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. Increased adoption of AI and machine learning technologies will enhance smart home functionality and user experience.
  2. Integration of renewable energy solutions in connected homes will grow, driven by sustainability goals.
  3. The demand for advanced security solutions will rise, focusing on protecting data privacy and preventing cyber threats.
  4. Expansion of 5G networks will improve device connectivity and enable more reliable and faster home automation.
  5. Partnerships between tech companies and real estate developers will become more common to pre-install smart home systems.
  6. Consumer awareness and education about smart home benefits will increase, boosting market penetration.
  7. Legislation and standards regarding data security and device interoperability will evolve, shaping industry practices.
  8. Technological advancements will lower costs, making smart home devices more accessible to a broader audience.
  9. Development of voice control and natural language processing will enhance user interactions with smart home systems.
  10. Market will see a rise in customized smart home solutions tailored to individual needs and regional preferences.

Table of Content
CHAPTER NO. 1 : INTRODUCTION 14
1.1. Report Description 14
Purpose of the Report 14
USP & Key Offerings 14
1.2. Key Benefits for Stakeholders 14
1.3. Target Audience 15
1.4. Report Scope 15
CHAPTER NO. 2 : EXECUTIVE SUMMARY 16
2.1. Connected Homes Market Snapshot 16
2.2. Benelux Connected Homes Market, 2018 – 2032 (USD Million) 17
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 18
3.1. Russia-Ukraine and Israel-Palestine War Impacts 18
CHAPTER NO. 4 : CONNECTED HOMES MARKET – INDUSTRY ANALYSIS 19
4.1. Introduction 19
4.2. Market Drivers 20
4.3. Driving Factor 1 Analysis 20
4.4. Driving Factor 2 Analysis 21
4.5. Market Restraints 22
4.6. Restraining Factor Analysis 22
4.7. Market Opportunities 23
4.8. Market Opportunity Analysis 23
4.9. Porter’s Five Forces Analysis 24
CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 25
5.1. Company Market Share Analysis – 2023 25
5.1.1. Benelux Connected Homes Market: Company Market Share, by Volume, 2023 25
5.1.2. Benelux Connected Homes Market: Company Market Share, by Revenue, 2023 26
5.1.3. Benelux Connected Homes Market: Top 6 Company Market Share, by Revenue, 2023 26
5.1.4. Benelux Connected Homes Market: Top 3 Company Market Share, by Revenue, 2023 27
5.2. Benelux Connected Homes Market Company Revenue Market Share, 2023 28
5.3. Company Assessment Metrics, 2023 29
5.3.1. Stars 29
5.3.2. Emerging Leaders 29
5.3.3. Pervasive Players 29
5.3.4. Participants 29
5.4. Start-ups /SMEs Assessment Metrics, 2023 29
5.4.1. Progressive Companies 29
5.4.2. Responsive Companies 29
5.4.3. Dynamic Companies 29
5.4.4. Starting Blocks 29
5.5. Strategic Developments 30
5.5.1. Acquisitions & Mergers 30
New Product Launch 30
Benelux Expansion 30
5.6. Key Players Product Matrix 31
CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 32
6.1. PESTEL 32
6.1.1. Political Factors 32
6.1.2. Economic Factors 32
6.1.3. Social Factors 32
6.1.4. Technological Factors 32
6.1.5. Environmental Factors 32
6.1.6. Legal Factors 32
6.2. Adjacent Market Analysis 32
CHAPTER NO. 7 : CONNECTED HOMES MARKET – BY FUNCTIONALITY SEGMENT ANALYSIS 33
7.1. Connected Homes Market Overview, by Functionality Segment 33
7.1.1. Connected Homes Market Revenue Share, By Functionality, 2023 & 2032 34
7.1.2. Connected Homes Market Attractiveness Analysis, By Functionality 35
7.1.3. Incremental Revenue Growth Opportunity, by Functionality, 2024 – 2032 35
7.1.4. Connected Homes Market Revenue, By Functionality, 2018, 2023, 2027 & 2032 36
7.2. Energy and Utilities Management 37
7.3. Smart Entertainment 38
7.4. Wellness and Monitoring 39
7.5. Security and Safety 40
7.6. Smart Appliance 41
CHAPTER NO. 8 : CONNECTED HOMES MARKET – BY COMPONENT SEGMENT ANALYSIS 42
8.1. Connected Homes Market Overview, by Component Segment 42
8.1.1. Connected Homes Market Revenue Share, By Component, 2023 & 2032 43
8.1.2. Connected Homes Market Attractiveness Analysis, By Component 44
8.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 44
8.1.4. Connected Homes Market Revenue, By Component, 2018, 2023, 2027 & 2032 45
8.2. Light Control Solution 46
8.3. Security Solution 47
8.4. Entertainment Solution 48
8.5. Homehealthcare Solution 49
8.6. Energy Management Solution 50
CHAPTER NO. 9 : CONNECTED HOMES MARKET – BY PLATFORM SEGMENT ANALYSIS 51
9.1. Connected Homes Market Overview, by Platform Segment 51
9.1.1. Connected Homes Market Revenue Share, By Platform, 2023 & 2032 52
9.1.2. Connected Homes Market Attractiveness Analysis, By Platform 53
9.1.3. Incremental Revenue Growth Opportunity, by Platform, 2024 – 2032 53
9.1.4. Connected Homes Market Revenue, By Platform, 2018, 2023, 2027 & 2032 54
9.2. Smartphones 55
9.3. Laptops 56
9.4. Home Gateway 57
9.5. Other Platforms 58
CHAPTER NO. 10 : CONNECTED HOMES MARKET – BY TYPE OF HOMES SEGMENT ANALYSIS 59
10.1. Connected Homes Market Overview, by Type of Homes Segment 59
10.1.1. Connected Homes Market Revenue Share, By Type of Homes, 2023 & 2032 60
10.1.2. Connected Homes Market Attractiveness Analysis, By Type of Homes 61
10.1.3. Incremental Revenue Growth Opportunity, by Type of Homes, 2024 – 2032 61
10.1.4. Connected Homes Market Revenue, By Type of Homes, 2018, 2023, 2027 & 2032 62
10.2. Apartment 63
10.3. Villa/Bungalow 64
10.4. Other Homes 65
CHAPTER NO. 11 : CONNECTED HOMES MARKET – BENELUX 66
11.1. Benelux 66
11.1.1. Key Highlights 66
11.1.2. Benelux Connected Homes Market Revenue, By Country, 2018 – 2023 (USD Million) 67
11.1.3. Benelux Connected Homes Market Revenue, By Functionality, 2018 – 2023 (USD Million) 68
11.1.4. Benelux Connected Homes Market Revenue, By Component, 2018 – 2023 (USD Million) 69
11.1.5. Benelux Connected Homes Market Revenue, By Platform, 2018 – 2023 (USD Million) 70
11.1.6. Benelux Connected Homes Market Revenue, By Type of Homes, 2018 – 2023 (USD Million) 71
11.2. Belgium 72
11.3. Netherlands 72
11.4. Luxembourg 72
CHAPTER NO. 13 : COMPANY PROFILES 73
13.1. Proximus 73
13.1.1. Company Overview 73
13.1.2. Product Portfolio 73
13.1.3. Swot Analysis 73
13.1.4. Business Strategy 74
13.1.5. Financial Overview 74
13.2. Schneider Electric SE 75
13.3. ABB Ltd. 75
13.4. Honeywell International Inc. 75
13.5. Legrand SA 75
13.6. Telenet 75
13.7. Philips 75
13.8. Plugwise 75
13.9. Eltrona 75
CHAPTER NO. 14 : RESEARCH METHODOLOGY 76
14.1. Research Methodology 76
14.2. Phase I – Secondary Research 77
14.3. Phase II – Data Modeling 77
Company Share Analysis Model 78
Revenue Based Modeling 78
14.4. Phase III – Primary Research 79
14.5. Research Limitations 80
Assumptions 80

List of Figures
FIG NO. 1. Benelux Connected Homes Market Revenue, 2018 – 2032 (USD Million) 17
FIG NO. 2. Porter’s Five Forces Analysis for Benelux Connected Homes Market 24
FIG NO. 3. Company Share Analysis, 2023 25
FIG NO. 4. Company Share Analysis, 2023 26
FIG NO. 5. Company Share Analysis, 2023 26
FIG NO. 6. Company Share Analysis, 2023 27
FIG NO. 7. Connected Homes Market – Company Revenue Market Share, 2023 28
FIG NO. 8. Connected Homes Market Revenue Share, By Functionality, 2023 & 2032 34
FIG NO. 9. Market Attractiveness Analysis, By Functionality 35
FIG NO. 10. Incremental Revenue Growth Opportunity by Functionality, 2024 – 2032 35
FIG NO. 11. Connected Homes Market Revenue, By Functionality, 2018, 2023, 2027 & 2032 36
FIG NO. 12. Benelux Connected Homes Market for Energy and Utilities Management, Revenue (USD Million) 2018 – 2032 37
FIG NO. 13. Benelux Connected Homes Market for Smart Entertainment, Revenue (USD Million) 2018 – 2032 38
FIG NO. 14. Benelux Connected Homes Market for Wellness and Monitoring, Revenue (USD Million) 2018 – 2032 39
FIG NO. 15. Benelux Connected Homes Market for Security and Safety, Revenue (USD Million) 2018 – 2032 40
FIG NO. 16. Benelux Connected Homes Market for Smart Appliance, Revenue (USD Million) 2018 – 2032 41
FIG NO. 17. Connected Homes Market Revenue Share, By Component, 2023 & 2032 43
FIG NO. 18. Market Attractiveness Analysis, By Component 44
FIG NO. 19. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 44
FIG NO. 20. Connected Homes Market Revenue, By Component, 2018, 2023, 2027 & 2032 45
FIG NO. 21. Benelux Connected Homes Market for Light Control Solution, Revenue (USD Million) 2018 – 2032 46
FIG NO. 22. Benelux Connected Homes Market for Security Solution, Revenue (USD Million) 2018 – 2032 47
FIG NO. 23. Benelux Connected Homes Market for Entertainment Solution, Revenue (USD Million) 2018 – 2032 48
FIG NO. 24. Benelux Connected Homes Market for Homehealthcare Solution, Revenue (USD Million) 2018 – 2032 49
FIG NO. 25. Benelux Connected Homes Market for Energy Management Solution, Revenue (USD Million) 2018 – 2032 50
FIG NO. 26. Connected Homes Market Revenue Share, By Platform, 2023 & 2032 52
FIG NO. 27. Market Attractiveness Analysis, By Platform 53
FIG NO. 28. Incremental Revenue Growth Opportunity by Platform, 2024 – 2032 53
FIG NO. 29. Connected Homes Market Revenue, By Platform, 2018, 2023, 2027 & 2032 54
FIG NO. 30. Benelux Connected Homes Market for Smartphones, Revenue (USD Million) 2018 – 2032 55
FIG NO. 31. Benelux Connected Homes Market for Laptops, Revenue (USD Million) 2018 – 2032 56
FIG NO. 32. Benelux Connected Homes Market for Home Gateway, Revenue (USD Million) 2018 – 2032 57
FIG NO. 33. Benelux Connected Homes Market for Other Platforms, Revenue (USD Million) 2018 – 2032 58
FIG NO. 34. Connected Homes Market Revenue Share, By Type of Homes, 2023 & 2032 60
FIG NO. 35. Market Attractiveness Analysis, By Type of Homes 61
FIG NO. 36. Incremental Revenue Growth Opportunity by Type of Homes, 2024 – 2032 61
FIG NO. 37. Connected Homes Market Revenue, By Type of Homes, 2018, 2023, 2027 & 2032 62
FIG NO. 38. Benelux Connected Homes Market for Apartment, Revenue (USD Million) 2018 – 2032 63
FIG NO. 39. Benelux Connected Homes Market for Villa/Bungalow, Revenue (USD Million) 2018 – 2032 64
FIG NO. 40. Benelux Connected Homes Market for Other Homes, Revenue (USD Million) 2018 – 2032 65
FIG NO. 41. Benelux Connected Homes Market Revenue, 2018 – 2032 (USD Million) 66
FIG NO. 42. Research Methodology – Detailed View 76
FIG NO. 43. Research Methodology 77

List of Tables
TABLE NO. 1. : Benelux Connected Homes Market: Snapshot 16
TABLE NO. 2. : Drivers for the Connected Homes Market: Impact Analysis 20
TABLE NO. 3. : Restraints for the Connected Homes Market: Impact Analysis 22
TABLE NO. 4. : Benelux Connected Homes Market Revenue, By Country, 2018 – 2023 (USD Million) 67
TABLE NO. 5. : Benelux Connected Homes Market Revenue, By Country, 2024 – 2032 (USD Million) 67
TABLE NO. 6. : Benelux Connected Homes Market Revenue, By Functionality, 2018 – 2023 (USD Million) 68
TABLE NO. 7. : Benelux Connected Homes Market Revenue, By Functionality, 2024 – 2032 (USD Million) 68
TABLE NO. 8. : Benelux Connected Homes Market Revenue, By Component, 2018 – 2023 (USD Million) 69
TABLE NO. 9. : Benelux Connected Homes Market Revenue, By Component, 2024 – 2032 (USD Million) 69
TABLE NO. 10. : Benelux Connected Homes Market Revenue, By Platform, 2018 – 2023 (USD Million) 70
TABLE NO. 11. : Benelux Connected Homes Market Revenue, By Platform, 2024 – 2032 (USD Million) 70
TABLE NO. 12. : Benelux Connected Homes Market Revenue, By Type of Homes, 2018 – 2023 (USD Million) 71
TABLE NO. 13. : Benelux Connected Homes Market Revenue, By Type of Homes, 2024 – 2032 (USD Million) 71

Frequently Asked Questions:

What is the current size of the Benelux Connected Homes Market?

A: As of 2023, the Benelux Connected Homes Market is valued at USD 2,716.90 million.

What factors are driving the growth of the Benelux Connected Homes Market?

A: The market is driven by increasing consumer awareness of energy efficiency and convenience, advancements in IoT technologies, government initiatives for sustainable living, and the growing demand for integrated smart home solutions.

What are the key segments within the Benelux Connected Homes Market?

The key segments are based on functionality—Energy and Utilities Management, Smart Entertainment, Wellness and Monitoring, Security and Safety, and Smart Appliance; and components—Light Control Solution, Security Solution, Entertainment Solution, Home Healthcare Solution, and Energy Management Solution.

What are some challenges faced by the Benelux Connected Homes Market?

Key challenges include high initial costs and lack of interoperability between different devices, significant security and privacy concerns, and the complexity of installation and use that may deter less tech-savvy consumers.

Who are the major players in the Benelux Connected Homes Market?

Major players include Proximus, Schneider Electric SE, ABB Ltd., Honeywell International Inc., Legrand SA, Telenet, Philips, Plugwise, and Eltrona.

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