India Smart Home Market Overview, 2022-28

India Smart Home Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Control4 India Private Limited
  • 2. Inoho Electronics Private Limited
  • 3. Legrand India Private Limited
  • 4. Lutron Gl Sales & Services Private Limited
  • More...

The Smart Home market in India has been witnessing tremendous growth in terms of value as well as volume. Home automation has been considered as a business of rich people few years back and it was all true as the cost of automation was not at all suitable to the pockets of large population in the country. However, even for the people who could have easily afforded the automation solutions, adoption ratio was negligible. The situation has turned around completely and over the last few years, a trend of automation is taking place in the country. With the increasing need of comfort and ease along with rising disposable incomes of people living in metro cities, the market for smart homes have been on the growing path. According to "India Smart Home Market Overview, 2022-28", the smart home market in India has grown significantly in the last few years. The smart home market which consists of mainly three segments – Commercial, Hospitality and Residential – has seen a higher adoption ratio of automation in the hospitality sector. The reason is obvious that premium hotels need to provide sophisticated luxuries to their customers. Though the share of commercial segment is very less, it has registered highest growth in the last few years. The residential market on other hand is moving in the upward direction with a standard pace. The other good thing that has happened to the market is the introduction of retrofit automation solutions. Previously, the major drawback for the residential segment was the high price of automation solutions which have now drastically come down with retrofit solutions being available at a price at as low as Rs. 3600. Moreover in the metro and tier-I cities, new housing schemes are being developed with home automation systems enabled as per the customer’s requirement. Both the hospitality as well as residential market for automation is likely to increase in the future. Control4, Crestron and Lutron GL are amongst the top manufacturers providing automation devices in India. The retrofit solutions are majorly being offered by the bunch of start-ups which have established in the last two years. Silvan Labs, Inoho and Pert are amongst the top automation startups in India. Residential smart home market is expected to grow robustly in the forecasted period, on a condition that awareness for the same should be brought amongst the citizens. Key Segments Residential Smart Home • New/Entire Home Automation • Retrofit Home Automation Hospitality Smart Home • Hotel Exterior & Lobby Market • Hotel Rooms Commercial Smart Home Key Categories • Lighting • Blinds • Hubs/Server • Entertainment (Audio/Video) • Security/Access • Energy Management • Others "India Smart Home Market Overview, 2022-28” discusses the following aspects of smart homes in India: How it will help solving your strategic decision making process?? The report gives an in-depth understanding of smart home market in India: - India Smart Home Market Outlook - India Smart Home Market Size & Forecast - India Unorganized Smart Home Market Size & Forecast - India Organized Smart Home Market Size & Forecast - India Organized Smart Home Market Size & Forecast By Application - India Organized Smart Home Market Segmental Analysis: By City, By Segment, By Technology - India Residential Smart Home Market Size & Forecast - India Hospitality Smart Home Market Size & Forecast - India Commercial Smart Home Market Size & Forecast - Key Vendors in this market space This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automation solution providers in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Prashant Tiwari

Prashant Tiwari

Research Analyst

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Prashant Tiwari

Companies Mentioned

  • Control4 India Private Limited
  • Inoho Electronics Private Limited
  • Legrand India Private Limited
  • Lutron Gl Sales & Services Private Limited

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Smart Home Market Outlook
  • 4.1. Market Size by Value
  • 4.2. Market Share by Segment
  • 5. India Organized Smart Home Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By City
  • 5.2.2. By Segment
  • 5.2.3. By Application
  • 5.2.4. By Technology
  • 5.3. India Residential Smart Home Market Outlook
  • 5.3.1. Market Size by New residential VS Retro residential market
  • 5.3.2. New Residential Market
  • 5.3.3. Retro Residential Market
  • 5.4. India Hospitality Smart Home Market Outlook
  • 5.4.1. Market Size by Value
  • 5.4.2. Hotel Exterior & Lobby Market (Excluding Hotel Rooms)
  • 5.4.3. Hotel Rooms Market
  • 5.5. India Commercial Smart Home Market Outlook
  • 6. Company Profiles
  • 6.1. Honeywell Automation India Limited
  • 6.1.1. Company Snapshot
  • 6.1.2. Company Overview
  • 6.1.3. Financial Highlights
  • 6.1.4. Geographic Insights
  • 6.1.5. Business Segment & Performance
  • 6.1.6. Product Portfolio
  • 6.1.7. Key Executives
  • 6.1.8. Strategic Moves & Developments
  • 6.2. Cubical Laboratories Private Limited
  • 6.3. Schneider Electric India Private Limited
  • 6.4. Control4 India Private Limited
  • 6.5. Home Brain IOT Service Private Limited
  • 6.6. Crestron Electronics India Limited
  • 6.7. Inoho Electronics Private Limited
  • 6.8. Silvan Innovation Labs Private Limited
  • 6.9. PERT Info-consulting Private Limited
  • 6.10. Surmount Energy Solutions Private Limited
  • 6.11. RIOT Labz Private Limited
  • 7. Strategic Recommendations
  • 8. Disclaimer

List of Tables

Table 1: India New Residential Market Size By Segments (2016-17, 2021-22, 2027-28F)
Table 2: India Retro Residential Market Size By Segments (2016-17, 2021-22, 2027-28F)
Table 3: India Hotel Exterior & Lobby Market Size By Segments (2016-17, 2021-22, 2027-28F)
Table 4: India Hotel Rooms Market Size By Segments (2016-17, 2021-22, 2027-28F)
Table 5: Key Facts of Honeywell Automation India Limited
Table 6: Key Facts of Cubical Laboratories Private Limited
Table 7: Key Facts of Schneider Electric India Private Limited
Table 8: Key Facts of Control4 India Private Limited
Table 9: Key Facts of Home Brain IOT Service Private Limited
Table 10: Key Facts of Crestron Electronics India Limited
Table 11: Key Facts of Lutron GL Sales & Service Private Limited
Table 12: Key Facts of Legrand India Private Limited
Table 13: Key Facts of Inoho Electronics Private Limited
Table 14: Key Facts of Silvan Innovation Labs Private Limited
Table 15: Key Facts of PERT Info-consulting Private Limited
Table 16: Key Facts of Surmount Energy Solutions Private Limited
Table 17: Key Facts of RIOT Labz Private Limited

List of Figures
Figure 1: India Smart Home Market Size – By Value 2016-17 to 2027-28F (INR Crore)
Figure 2: India Smart Home Market Share by Segment - 2016-17 to 2027-28F (INR Crore)
Figure 3: India Organized Smart Home Market Size – By Value 2016-17 to 2027-28F (INR Crore)
Figure 4: India Organized Smart Home Market Share By City
Figure 5: India Organized Smart Home market Share By Segment
Figure 6: India Organized Smart Home Market Share By Application
Figure 7: India Organized Smart Home Market Share By Technology
Figure 8: India New Residential Market vs Retro Residential Market Size – By Value 2016-17 to 2027-28F (INR Crore)
Figure 9: India Hospitality Smart Home Market Size – By Value 2016-17 to 2027-28F (INR Crore)
Figure 10: India Commercial Smart Home Market Size – By Value 2016-17 to 2027-28F (INR Crore)

Why Bonafide Research?

  • Our seasoned industry experts bring diverse sector experience, tailoring methodologies to your unique challenges.
  • Leveraging advanced technology and time-tested methods ensures accurate and forward-thinking insights.
  • Operating globally with a local touch, our research spans borders for a comprehensive view of international markets.
  • Timely and actionable insights empower swift, informed decision-making in dynamic market landscapes.
  • We foster strong client relationships based on trust, transparency, and collaboration.
  • Our dedicated team adapts and evolves strategies to meet your evolving needs.
  • Upholding the highest standards of ethics and data security, we ensure confidentiality and integrity throughout the research process.

How client has rates us?

Requirement Gathering & Methodology
92%
Data Collection Techniques
97%
Our Research Team & Data Sourcing
93%
Data Science & Analytical Tools
81%
Data Visualization & Presentation Skills
86%
Project/ Report Delivery & After Sales Services
88%
Logo

India Smart Home Market Overview, 2022-28

Contact usWe are friendly and approachable, give us a call.