Comfort & Lighting - Panama
Panama- The projected revenue for the Comfort & Lighting market in Panama is expected to reach US$3.6m in 2024.
- This represents the estimated market size for this specific segment.
- Furthermore, it is anticipated that the revenue will experience a compound annual growth rate (CAGR) of 15.59% from 2024 to 2028.
- This growth rate will contribute to a projected market volume of US$6.5m by 2028.
- In alignment with the growth of the market, the number of active households in the Comfort & Lighting market is predicted to reach 155.5k users by 2028.
- This indicates the increasing adoption of smart home technology within households in Panama.
- The household penetration rate, which measures the percentage of households that have adopted smart home technology, is expected to be 7.1% in 2024.
- However, this rate is projected to rise significantly, reaching 12.0% by 2028.
- This suggests a growing interest and demand for Comfort & Lighting market products among households in Panama.
- Currently, the average revenue per installed Smart_Home is expected to amount to US$42.22.
- This metric provides insight into the average amount of revenue generated from each smart home installation within the Comfort & Lighting market.
- When comparing the global market, it is worth noting that United States generates the most revenue in the Comfort & Lighting market.
- In 2024, United States is projected to generate US$3.7bn in revenue.
- This indicates the dominance of the United States in terms of market size and revenue generation within this segment.
- Panama's comfort and lighting market is booming, fueled by the country's rapid urbanization and increasing disposable income.
- Key regions:
- Norway,
- Sweden,
- Denmark,
- United States,
- South Korea
The Smart Home market Comfort & Lighting includes devices for the improvement of the living atmosphere. These are devices such as sensors and actuators (e.g. door and window sensors, shutters) as well as connected and remote controllable light sources (smart bulbs) or garage door controls.
Programmable or controllable power sockets are not included (see Control & Connectivity).
In-Scope
- Digitally connected and controlled devices for living atmosphere improvement
- Smart lighting/bulbs
- Window/door sensors, shading devices, garage door controls
Out-Of-Scope
- Control buttons, gateways/hubs
- Smart TVs
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
