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UAE smart homes market is expected to grow at a CAGR of 14.8% during 2016-22

UAE – Research and Markets has announced the addition of the “UAE Smart Homes Market (2016-2022)” report to its offering.

The UAE smart homes market is expected to grow at a CAGR of 14.8% during 2016-22. Growing construction of villas in UAE has fuelled the growth in the country. Abu Dhabi, Al-Ain Emirate and Dubai Emirate have accounted for the largest revenue share in the overall market. During the forecast period, Dubai Emirate region is forecast to grow at relatively higher CAGR on the back of government initiatives to build smart city in the region.

The report thoroughly covers the market of smart homes by segments and by regions and provides unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help stakeholders to device and align market strategies according to the current and future market dynamics.

The UAE is one of the leading markets for smart home systems in GCC region. Although, UAE market registered a slow growth during 2013-2015 owing to the decline in residential sector construction market coupled with the low FDI inflow. However, on account of growing awareness and increasing acceptance of automation technology, UAE market is expected to exhibit a major deployment of the systems in the country.

Expected growth in the construction of villas, growing awareness and increasing acceptance of automation technology coupled with declining prices are some of the major factors driving the overall growth of smart homes market in UAE. In the UAE smart homes market, home energy management system segment accounted for majority of the market revenues owing to high pricing and installation of HVAC systems across the residential sector followed by the physical security system segment.

Smart markets covered

By segments:

Physical Security Systems:
– Video Surveillance System
– Access Control System
– Alarming System
– Fire and Safety System
Home Energy Management Systems:
– Lighting Control System
– HVAC System
Blinds Management System
Other Home Automation Systems

By regions:

Abu Dhabi and Al-Ain
Dubai
Sharjah and other Northern Emirates

Companies mentioned:

ABB
Control4
Crestron
Honeywell International Inc
Legrand FZE
Siemens