Market Share of Spain Smart Home Industry
The Spanish smart home market is highly competitive, with small and large players. Major companies hold substantial market shares and are actively seeking global consumer expansion. These players are bolstering their positions through strategic collaborations, partnerships, acquisitions, and new product launches, aiming to gain a competitive advantage in the coming years. Some of the major players in the market are ABB Ltd, Schneider Electric SE, Samsung Electronics Co. Ltd, Fibaro, and EVVR.
- March 2024: Samsung Electronics integrated the ABB-free@home automation app into its SmartThings platform. This integration empowers residents to centrally control appliances and devices, regardless of the manufacturer, through a unified home automation app, streamlining home management. By deeply integrating ABB-free@home into the expansive SmartThings ecosystem, it gains the ability to interact with all other partner solutions on the platform seamlessly. Moreover, ABB-free@home offers remote access, management, and control features, catering specifically to property managers in the rental and multi-dwelling market. This move streamlines its operations and opens up avenues for innovation in automation, energy management, and service systems.
- November 2023: Fibaro unveiled a strategic collaboration with Yale, enabling Fibaro users to oversee the Yale Smart Locks through the Yubii app seamlessly. This integration empowers users to effortlessly lock and unlock their Yale Smart Locks, including the Linus Smart Lock, while conveniently monitoring door and battery statuses, all from within the app.
Spain Smart Home Market Leaders
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Schneider Electric SE
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ABB Ltd
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Siemens AG
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Signify Holding
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Google Inc.
*Disclaimer: Major Players sorted in no particular order
