Smart Home - Ecuador
Ecuador- The Smart Home market in Ecuador is expected to witness significant growth in the coming years.
- According to projections, the revenue in this market is estimated to reach US$82.7m by 2024.
- This growth is expected to continue with an annual growth rate of 11.27% (CAGR 2024-2028), resulting in a projected market volume of US$126.8m by 2028.
- In terms of active households, it is anticipated that the number of households adopting Smart Home market technology will reach [users_currentlayer_yearend] by 2028.
- This indicates a growing interest and adoption of Smart Home market devices among Ecuadorian households.
- The household penetration rate, which measures the percentage of households with Smart Home market technology, is projected to increase from 6.7% in 2024 to 11.0% by 2028.
- This suggests that more and more households in Ecuador will embrace the benefits and convenience offered by Smart Home market devices.
- Currently, the average revenue per installed Smart Home market in Ecuador is expected to be US$224.00.
- This figure highlights the potential for revenue generation in the Smart Home market, as more households invest in these technologies.
- When compared globally, it is worth noting that United States leads in terms of revenue generation in the Smart Home market.
- In 2024, United States is projected to generate US$38.8bn in revenue.
- This highlights the dominance of the United States in the Smart Home market industry.
- Ecuador has seen a surge in smart home technology adoption, with an increasing number of households integrating devices for enhanced security and energy efficiency.
The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.
The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.
Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.
In-Scope
- Digitally connected and controlled devices within a house that can be remote controlled
- Sensors, actuators and cloud services that support automation in any way
- Control hubs to connect sensors and actuators with remote controls and to each other
- B2C hardware and software sales as well as subscription fees
Out-Of-Scope
- Smart TVs
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
