In 2021, China'...

  • 2022-09-24 13:04:29

In 2021, China's smart home industry market status and regional market share analysis The market size will exceed 500 billion yuan

Smart home is mainly based on residential buildings (including hotels, communities, offices, ordinary houses, villas, high-end apartments, etc.) as a platform, using integrated wiring technology, network communication technology, security technology, automatic control technology, audio and video technology. Integrate life-related facilities, build an efficient management system for building facilities and family schedule affairs, improve home safety, convenience, comfort, artistry, and achieve an environmentally friendly and energy-saving living environment. With the increase of smart terminal devices and the rapid popularization of Internet of Things technology, smart home devices have begun to enter the fast lane of development.

market size

At the end of 2019, China has become the world's largest IoT market, with 960 million of the world's 1.5 billion cellular network-connected devices, accounting for 64%. China will become the world's largest smart home market consumer country, occupying 50%-60% of the global smart home market consumption share, and profit accounting for 20%-30% of the global market share. Data show that from 2016 to 2020, the scale of my country's smart home market has increased from 260.85 billion yuan to 514.47 billion yuan, with an average annual compound growth rate of 18.51%. China Business Industry Research Institute predicts that my country's smart home market will reach 580.05 billion yuan in 2021.