Carrie Liu, national manager of Tuya Smart France, pointed out in his speech that according to Statista data, the revenue of the European smart home market is expected to reach US$2.176 billion in 2021, and the market size will reach US$3.837 billion in 2025, with an average annual growth rate of 15.2%. In energy management, household penetration of smart devices will reach 17% in 2021. In the smart home market, the average contributed income per active household will reach about $425.
Carrie Liu pointed out that the French smart home market has grown by 288% in 2020, the cumulative number of activated devices ranks among the top four in Europe, and the number of newly activated devices in the last 30 days ranks third in Europe, after Germany and the United Kingdom. Similar to other EU countries, smart lighting and electronic devices account for the largest share of the country's smart home market.
Senya International SAS Managing Director Linda Jinli BELY shared her views on smart home development. In the development of the past few years, the concept of smart home has gradually focused on focusing on user experience, improving security, easy maintenance and remote control. A truly connected ecosystem is gradually becoming familiar with users' behaviors and life rhythms, so as to better adapt to users' living habits and meet everyone's needs. With the steady development of device connection technology and the wide application of smart phones and tablet computers, smart home devices will become more and more popular, and home appliances that can be connected to the Internet have penetrated into the homes of ordinary people.
Bruno Vulcano, chairman of the Zigbee Alliance, focused on analyzing the market size of Zigbee technology and BIoT (Building Internet of Things). Zigbee technology has the characteristics of low power consumption, security, frequency agility, and self-healing. Based on these characteristics, this communication technology is attractive to many smart home manufacturers. According to data he provided, Zigbee now accounts for more than one-third of the smart home wireless sensor network (WSN) chipset market. By 2023, 1 billion Zigbee chips will be shipped worldwide each year, and 4.5 billion IEEE 802.15.4 mesh devices will be sold, 85% of which will use the Zigbee Alliance standard.
Bruno Vulcano believes that the BIoT market is becoming more and more mature, and users are willing to spend more money to improve the comfort of their homes. Currently, some B2B companies in France are promoting BIoT-based native smart homes. Globally, the market size of BIoT is about 8 billion euros, of which the French market contributed 200 million euros, and some local companies have even achieved double-digit annual growth rates.
The new crown epidemic has made people aware of the convenience of smart home and intelligent products, which has brought explosive growth to smart home products. As the technology and market mature, the smart home ecosystem will soon settle in every home.
Reprinted: Tuya IQ Information