Smart Home - New Zealand
- New Zealand
- The Smart Home market in New Zealand is projected to reach revenue of €229.0m in 2024.
- This represents a significant growth in the market.
- The revenue is expected to continue growing at an annual rate of 10.03% from 2024 to 2028, resulting in a projected market volume of €335.7m by 2028.
- In terms of household adoption, the number of active households in the Smart Home market is expected to reach [users_currentlayer_yearend] by 2028 in New Zealand.
- This indicates a growing interest and demand for smart home technologies among consumers.
- The household penetration rate, which measures the percentage of households with smart home installations, is projected to increase from 30.4% in 2024 to 49.8% by 2028.
- The average revenue per installed Smart Home market in New Zealand is currently estimated to be €373.90.
- This figure demonstrates the potential for revenue generation in the market and highlights the value that consumers place on smart home technology.
- When comparing the global market, it is worth noting that United States generates the highest revenue in the Smart Home market sector.
- In 2024, the revenue United States is projected to be €35,980.0m.
- This indicates the strong market presence and adoption of smart home technologies United States.
- Overall, the Smart Home market in New Zealand is expected to experience significant growth in the coming years, driven by increasing consumer interest and demand.
- The projected revenue, market volume, and household penetration numbers illustrate the potential for expansion in the country's smart home industry.
- "New Zealand's smart home market is experiencing a surge in demand for energy-efficient devices, driven by the country's commitment to sustainability."
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.Vue d’ensemble
- Revenue
- Smart Homes
- Demographics
- Key Players
- Global Comparison
- Methodology
- Key Market Indicators