German smart home market to triple by 2022 - study

Saturday 2 September 2017 | 12:43 CET | News

The German smart home market will triple by 2022 to a value of EUR 4.3 billion, according to a study by industry group Eco verband and Arthur D Little, released at the IFA show in Berlin. The research predicts a CAGR for the market of 26.4 percent over the five years to 2022. 

The most promising segments of the market are energy management and light and window control, with expected sales of respectively EUR 1.3 billion and EUR 1.2 billion. The study also looks at the segments security and access control, entertainment, health and assisted living, and household appliances. The researchers expect in total around 8 million smart homes in Germany by 2022, compared to 2 million now. 

The smart home was a big area of interest at Ifa, with Deutsche Telekom also highlighting its latest offers. The operator is offering to waive the basic fee of EUR 4.95 for its smart home services for a year for broadband customers who sign up between 15 September and 31 October.

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