Smart Home - Kazakhstan

Kazakhstan

The Smart Home market in Kazakhstan is poised for significant growth.
According to projections, the market's revenue is expected to reach US$79.3m by 2024.
This growth is driven by an anticipated annual growth rate of 13.83% (CAGR 2024-2028), resulting in a projected market volume of US$133.1m by 2028.
In line with this growth, the number of active households in the Smart Home market is also expected to rise.
It is estimated that by 2028, in Kazakhstan will have around [users_currentlayer_yearend] active households embracing Smart Home market technology.
As the market expands, household penetration is also set to increase.
In 2024, the household penetration rate is projected to be 5.7%, with expectations to reach 9.4% by 2028.
This indicates a significant increase in the adoption of Smart Home market solutions among households in Kazakhstan.
Currently, the average revenue per installed Smart Home market in Kazakhstan stands at US$226.30.
This figure reflects the amount of revenue generated per Smart Home market installation.
When compared on a global scale, it is interesting to note that United States leads the way in terms of revenue generation in the Smart Home market.
In 2024, the revenue generated United States is projected to be a staggering US$38,800.0m.
This highlights the dominance of the US market in this segment.
Overall, the Smart Home market in Kazakhstan shows great potential for growth, with increasing revenue, household penetration, and active households embracing this technology.
Kazakhstan is experiencing a growing trend in the adoption of smart home technologies, with an increasing number of households embracing automated systems for enhanced convenience and security.

Key regions: United States, United Kingdom, Germany, Europe, Norway

Market

Region

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Currency

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.