Smart Home

The Smart Home market in Taiwan is poised for impressive growth, with projected revenue expected to reach US$565.7m in 2024.
This is indicative of the country's increasing interest in smart home technology.
Looking ahead, the market is anticipated to maintain a steady annual growth rate (CAGR 2024-2028) of 7.33%, resulting in a projected market volume of US$750.6m by 2028.
Taiwan's adoption of smart home technology is also reflected in the expected increase in the number of active households, which is estimated to reach [users_currentlayer_yearend] by 2028.
This signifies a growing trend among Taiwanese households to integrate smart home devices into their daily lives.
In terms of household penetration, the current rate stands at 18.2% in 2024.
However, this figure is projected to rise significantly, reaching 23.2% by 2028.
This indicates the increasing prevalence of smart home devices Taiwanese households over the next few years.
Furthermore, the average revenue per installed Smart Home market in Taiwan is expected to amount to US$342.40, highlighting the value and potential profitability of the market.
This figure underscores the financial benefits that can be derived from the adoption of smart home technology.
When comparing global markets, it is worth noting that United States leads the way in terms of revenue generation in the Smart Home market, with an impressive US$38,800.0m projected revenue in 2024.
This demonstrates the significant market presence and potential of the United States in the smart home industry.
Overall, Taiwan's Smart Home market is poised for growth, with increasing revenue, household adoption, and household penetration rates.
This indicates a promising future for the smart home industry in Taiwan.
Taiwan's smart home market is booming, with a strong focus on energy-saving solutions and integration with existing home appliances.

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

The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.

The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.

Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.

in-scope

Digitally connected and controlled devices within a house that can be remote controlled
Sensors, actuators and cloud services that support automation in any way
Control hubs to connect sensors and actuators with remote controls and to each other
B2C hardware and software sales as well as subscription fees

out-of-scope

Smart TVs
B2B/C2C sales of any kind (e.g. to hotels or office buildings)

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Smart Home - Taiwan

in-scope

out-of-scope

Methodology

Overview