Smart Home - Ireland

  • Ireland
  • In Ireland, the revenue in the Smart Home market is projected to reach US$126.9m in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2028) of 10.72%, resulting in a projected market volume of US$190.7m by 2028.
  • By 2028, the number of active households in the Smart Home market is expected to amount to [users_currentlayer_yearend].
  • The household penetration rate is projected to increase from 18.4% in 2024 to 42.7% by 2028.
  • Currently, the average revenue per installed Smart Home market in Ireland is expected to amount to US$347.60.
  • In a global comparison, it is worth noting that United States generates the highest revenue in the Smart Home market, with US$38,800.0m in 2024.
  • Ireland is experiencing a surge in smart home adoption, with consumers prioritizing energy efficiency and convenience features in their homes.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

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
  • Demographics
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait