Smart Home - Qatar
- Qatar
- The Smart Home market in Qatar is projected to achieve a substantial revenue of US$68.1m by 2024.
- This revenue is expected to grow at an annual rate of 14.43% (CAGR 2024-2028), resulting in a projected market volume of US$116.7m by 2028.
- In line with this growth, the number of active households in Qatar's Smart Home market is estimated to reach [users_currentlayer_yearend] by 2028.
- Furthermore, household penetration, which measures the percentage of households adopting Smart Home market technology, is anticipated to increase from 17.3% in 2024 to 27.6% by 2028.
- Currently, the average revenue per installed Smart Home market in Qatar is expected to be US$562.20.
- When comparing global markets, it is worth noting that United States generates the highest revenue in the Smart Home market sector.
- In 2024, United States is projected to generate a significant revenue of US$38,800.0m.
- Qatar's Smart Home market is rapidly expanding, driven by the country's focus on sustainable and energy-efficient living solutions.
Key regions: United States, United Kingdom, Germany, Europe, Norway
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