Smart Hazard Detectors - Finland

  • Finland
  • Revenue in the Smart Hazard Detectors market is projected to reach €4.5m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.11%, resulting in a projected market volume of €7.0m by 2029.
  • In the Smart Hazard Detectors market, the number of active households is expected to amount to 255.2k users by 2029.
  • Household penetration will be 7.1% in 2024 and is expected to hit 8.8% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to €22.25.
 
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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 category. 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 innovative products 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 once a year, in case market dynamics change we do more frequent updates.

Vue d’ensemble

  • Revenue
  • Product Types
  • Global Comparison
  • Methodology
  • Key Market Indicators
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