Comfort & Lighting - D-A-CH

  • D-A-CH
  • Revenue in the Comfort & Lighting market is projected to reach US$1.3bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.68%, resulting in a projected market volume of US$1.9bn by 2028.
  • In the Comfort & Lighting market, the number of active households is expected to amount to 53.2m users by 2028.
  • Household penetration will be 33.5% in 2024 and is expected to hit 101.6% by 2028.
  • The average revenue per installed Smart Home currently is expected to amount to US$76.17.
 
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Analyst Opinion

The Comfort & Lighting market in D-A-CH, consisting of Germany, Austria, and Switzerland, is experiencing steady growth due to changing customer preferences and technological advancements. Customer preferences in the Comfort & Lighting market are shifting towards energy-efficient and sustainable solutions.

Consumers are becoming more conscious of their environmental impact and are opting for products that reduce energy consumption and carbon emissions. This trend is driving the demand for smart lighting systems, which offer features such as motion sensors, dimming capabilities, and remote control options. Additionally, there is a growing preference for comfort-enhancing technologies, such as automated climate control systems and smart home integration.

In Germany, there is a strong focus on energy efficiency and sustainability. The government has implemented policies and incentives to promote the use of energy-efficient lighting and heating systems. This has led to an increased adoption of LED lighting solutions and smart home technologies.

The market is also driven by the demand for comfort and convenience, with consumers seeking products that offer ease of use and personalized settings. Austria has a similar focus on energy efficiency and sustainability. The country has implemented strict regulations and standards for energy consumption in buildings, driving the demand for energy-efficient lighting and heating solutions.

There is also a growing interest in smart home technologies, with consumers looking for products that can be integrated into their existing systems. Additionally, there is a strong emphasis on design and aesthetics, with consumers seeking products that not only provide comfort but also enhance the overall look of their homes. In Switzerland, the market is driven by a combination of energy efficiency, comfort, and quality.

Consumers are willing to invest in high-quality products that offer long-term durability and superior performance. There is a growing demand for smart lighting systems that can be controlled through mobile devices, as well as automated climate control systems that provide personalized comfort settings. Additionally, there is a focus on sustainable design and materials, with consumers looking for products that are both environmentally friendly and aesthetically pleasing.

The Comfort & Lighting market in D-A-CH is also influenced by local special circumstances. For example, Germany has a strong manufacturing sector, which contributes to the availability of a wide range of products and technologies. Austria, on the other hand, has a smaller market size but a high level of innovation and expertise in the field of energy efficiency.

Switzerland has a high standard of living and a strong economy, which drives the demand for high-quality and premium products. Underlying macroeconomic factors, such as population growth, urbanization, and disposable income levels, also play a role in the development of the Comfort & Lighting market in D-A-CH. As the population continues to grow and more people move to urban areas, the demand for comfortable and well-lit living spaces increases.

Rising disposable incomes enable consumers to invest in higher-quality products and technologies that enhance their comfort and well-being. These factors, combined with changing customer preferences and technological advancements, contribute to the growth of the Comfort & Lighting market in D-A-CH.

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 category. 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 innovative products 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 once a year, in case market dynamics change we do more frequent updates.

Overview

  • Revenue
  • Key Players
  • Product Types
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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