Smart Home - Algeria

  • Algeria
  • Revenue in the Smart Home market is projected to reach US$104.6m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.07%, resulting in a projected market volume of US$176.8m by 2029.
  • Household penetration will be 70.2% in 2024 and is expected to hit 73.7% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$12.84.
  • A global comparison reveals that most revenue is generated United States (US$38,800.0m in 2024).
 
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Analyst Opinion

The Smart Home market in Algeria has been steadily growing in recent years, driven by increasing consumer interest in home automation and connected devices.

Customer preferences:
Algerian consumers are increasingly seeking convenience, security, and energy efficiency in their homes, driving the demand for smart home solutions. The desire for remote monitoring and control of home devices, as well as the ability to save on energy costs, are key factors influencing customer preferences in the Smart Home market.

Trends in the market:
One notable trend in the Algerian Smart Home market is the adoption of smart security systems, including smart cameras, door locks, and motion sensors. As safety and security are top priorities for consumers, the demand for these products is on the rise. Additionally, smart lighting and climate control systems are gaining popularity as they offer convenience and energy savings.

Local special circumstances:
Algeria's unique market dynamics, such as its growing urban population and increasing disposable income levels, are contributing to the expansion of the Smart Home market. The government's initiatives to promote digitalization and technological advancements are also playing a role in driving the adoption of smart home solutions across the country.

Underlying macroeconomic factors:
The overall economic growth and stability in Algeria are providing a conducive environment for the development of the Smart Home market. As disposable incomes continue to rise and the middle class expands, more consumers are able to invest in smart home technologies. Additionally, advancements in connectivity infrastructure and the increasing penetration of smartphones are further fueling the growth of the market.

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.

Overview

  • Revenue
  • Key Players
  • Product Types
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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