MarkNtel Advisors recently published a detailed industry analysis of the Philippines Smart

Home Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Philippines Smart Home Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Philippines Smart Home Market size is valued at around USD 250 million in 2024 and is projected to reach USD 350 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2025-30.

Key Findings in Philippines Smart Home Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- ABB Ltd., Johnson Controls, Emerson Electronics Co., Honeywell International, Inc., Ingersoll-Rand PLC, Legrand S.A., Lutron Electronics, Inc., Schneider Electric S.A., Siemens AG, Robert Bosch GmbH, and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Philippines Smart Home industry?

Increasing Demand for Energy-Efficient Smart Appliances – Smart home, a concept combining smart appliances such as smart lighting, smart doorbells & locks, smart dryers, smart bulbs, and smart heaters is increasingly gaining traction in the country. The desire to reduce the energy costs of appliances is raising the demand for these smart appliances & devices. The smart home appliance offers optimized use of energy. Along with it, they can easily be accessed and controlled by the use of the internet from anywhere. With the rise in population & energy crisis in the country, the electricity demand is high so the focus is on the use of energy-efficient devices and appliances. Thus, the government is also investing in energy efficiency. As per the Department of Energy (DOE), the investment in energy efficiency technology was USD 120 million in 2023. Thus, these rising investments and the focus on energy efficiency are driving the growth & expansion of the Philippines Smart Home Market.

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What segments define the Philippines Smart Home Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Product Type

• • Entertainment Controls-Market Size & Forecast 2020-2030F, USD Million
    • Audio, Volume and Multimedia Room Controls-Market Size & Forecast 2020-2030F, USD Million
    • Home Theatre System Control-Market Size & Forecast 2020-2030F, USD Million
    • Touchscreen and Keypads-Market Size & Forecast 2020-2030F, USD Million
  • Security & Access Control -Market Size & Forecast 2020-2030F, USD Million
    • Video Surveillance-Market Size & Forecast 2020-2030F, USD Million
      • Hardware-Market Size & Forecast 2020-2030F, USD Million
      • Software-Market Size & Forecast 2020-2030F, USD Million
      • Services-Market Size & Forecast 2020-2030F, USD Million
    • Access Control-Market Size & Forecast 2020-2030F, USD Million
      • Non-Biometric Access Control-Market Size & Forecast 2020-2030F, USD Million
      • Biometric Access Control-Market Size & Forecast 2020-2030F, USD Million
  • HVAC Control -Market Size & Forecast 2020-2030F, USD Million
    • Smart Thermostats-Market Size & Forecast 2020-2030F, USD Million
    • Sensors-Market Size & Forecast 2020-2030F, USD Million
    • Actuators-Market Size & Forecast 2020-2030F, USD Million
    • Dampers-Market Size & Forecast 2020-2030F, USD Million
    • Control Valves-Market Size & Forecast 2020-2030F, USD Million
    • Heating and Cooling Coils-Market Size & Forecast 2020-2030F, USD Million
    • Pumps & Fans-Market Size & Forecast 2020-2030F, USD Million
    • Smart Vents-Market Size & Forecast 2020-2030F, USD Million
  • Smart Home Appliances-Market Size & Forecast 2020-2030F, USD Million
    • Smart Washer-Market Size & Forecast 2020-2030F, USD Million
    • Smart Dryers-Market Size & Forecast 2020-2030F, USD Million
    • Smart Water Heaters-Market Size & Forecast 2020-2030F, USD Million
    • Smart Vacuum Cleaners-Market Size & Forecast 2020-2030F, USD Million
  • Smart Kitchen -Market Size & Forecast 2020-2030F, USD Million
    • Smart Dishwashers-Market Size & Forecast 2020-2030F, USD Million
    • Smart Refrigerators-Market Size & Forecast 2020-2030F, USD Million
    • Smart Cookers-Market Size & Forecast 2020-2030F, USD Million
    • Smart Ovens-Market Size & Forecast 2020-2030F, USD Million
    • Smart Coffee Makers-Market Size & Forecast 2020-2030F, USD Million
    • Smart Kettles-Market Size & Forecast 2020-2030F, USD Million
  • Smart Lighting Control-Market Size & Forecast 2020-2030F, USD Million
    • Dimmers-Market Size & Forecast 2020-2030F, USD Million
    • Switches-Market Size & Forecast 2020-2030F, USD Million
    • Relays-Market Size & Forecast 2020-2030F, USD Million
    • Daylight Sensors-Market Size & Forecast 2020-2030F, USD Million
    • Timers-Market Size & Forecast 2020-2030F, USD Million
    • Others-Market Size & Forecast 2020-2030F, USD Million
  • Smart Furniture-Market Size & Forecast 2020-2030F, USD Million
    • Smart Tables-Market Size & Forecast 2020-2030F, USD Million
    • Smart Stools and Benches-Market Size & Forecast 2020-2030F, USD Million
    • Smart Sofas-Market Size & Forecast 2020-2030F, USD Million
    • Smart Chairs-Market Size & Forecast 2020-2030F, USD Million
    • Smart Desks-Market Size & Forecast 2020-2030F, USD Million
  • Others (Smart Plugs, Smoke Detectors, Smart Meters)-Market Size & Forecast 2020-2030F, USD Million

According to report, The leading share among all the major types of products in the Philippines Smart Home Market is held by the HVAC Control type products, and accounts for almost more than 30% market share.

By Technology

• • Wired Home Automation-Market Size & Forecast 2020-2030F, USD Million
    • Power Line Home Automation-Market Size & Forecast 2020-2030F, USD Million
    • Network Cables Home Automation-Market Size & Forecast 2020-2030F, USD Million
  • Wireless Home Automation-Market Size & Forecast 2020-2030F, USD Million

According to report, Wired home automation technologies account for more than 50% market share and are the largest among all.

By Software & Service

• • Behavioural-Market Size & Forecast 2020-2030F, USD Million
  • Proactive-Market Size & Forecast 2020-2030F, USD Million

By Sales Channel

• • Online Sales-Market Size & Forecast 2020-2030F, USD Million
  • Offline Sales-Market Size & Forecast 2020-2030F, USD Million
    • Authorized Dealers-Market Size & Forecast 2020-2030F, USD Million
    • Official Outlets-Market Size & Forecast 2020-2030F, USD Million

Explore the Complete Philippines Smart Home Market Analysis Report – https://www.marknteladvisors.com/research-library/philippines-smart-home-market.html

Geographical Analysis: Philippines Smart Home Market

 By Region

• Luzon
• Visayas
• Mindanao

Philippines Smart Home Market Recent Development:

• 2024: ABB Ltd. free home integrates into Samsung’s smart things platform, benefitting the resident with easier smart home device management.

• 2023: Johnson Controls has partnered with Primer Group for the expansion of its sustainable building and infrastructure solutions portfolio in the Philippines.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Philippines Smart Home Market?
• How is the Philippines Smart Home Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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