Smart Home - Croatia

  • Croatia
  • The Smart Home market in Croatia is projected to experience significant growth in the coming years.
  • According to the latest forecasts, the revenue in this market is expected to reach US$53.0m by 2024.
  • This projection indicates a promising future for the Smart Home market industry in the country.
  • Furthermore, the market is anticipated to exhibit an annual growth rate of 12.88% from 2024 to 2028, resulting in a projected market volume of US$86.0m by the end of the forecast period.
  • This substantial growth highlights the increasing demand for Smart Home market products and services among Croatian consumers.
  • Moreover, the number of active households in the Smart Home market is estimated to reach [users_currentlayer_yearend] by 2028, indicating a significant adoption of Smart Home market technologies Croatian homes.
  • This trend showcases the growing interest and acceptance of Smart Home market solutions by the population.
  • In terms of household penetration, the Smart Home market is expected to see a rise from 12.9% in 2024 to 21.7% by 2028.
  • This increase signifies a greater integration of Smart Home market devices and systems into Croatian households, indicating a growing interest in automation, energy efficiency, and convenience.
  • Currently, the average revenue per installed Smart Home market in Croatia is projected to be US$256.20.
  • This metric provides insights into the financial aspect of the market, indicating the average amount spent on Smart Home market solutions by Croatian consumers.
  • When comparing in Croatia to other countries, it is worth noting that United States generates the highest revenue in the global Smart Home market.
  • In 2024, the revenue in the US is expected to reach a staggering US$38,800.0m , highlighting its dominance in the industry.
  • Overall, the projected revenue and market growth in the Smart Home market sector in Croatia demonstrate a promising future for the country's market, reflecting the increasing interest and adoption of Smart Home market technologies among Croatian households.
  • Croatia is experiencing a growing demand for smart home technology, as homeowners embrace the convenience and energy efficiency it offers.

Key regions: United States, United Kingdom, Germany, Europe, Norway

 
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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Overview

  • Revenue
  • Smart Homes
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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