Japan Smart Home Market Forecast-2025
After the Great East Japan Earthquake in the year 2011, Japan is centering on making energy efficient smart homes and supportive devices. Japanese government push for infrastructure assistance, establishing general ECHONET Standard which helps HEMS devices and public smart home plans are some of the primary driving reasons for the growth of Japanese Smart Homes Market. Japan Smart Home Market is an opportunity of USD 10.8 Billion by the end of year 2025.
Robust Urban Society will promote Smart Homes Market in Japan
Japan is a unique case where more than 90% of its population lives in cities. Since, two-thirds of Japan, land is covered with mountains, leaving the country effectively with only one-third of land which is being used for living purpose. Since the majority of the Japanese citizens are living in cities, thus providing an opportunity to different smart home companies working as consumer electronics manufacturers, house builders, housing equipment maker and communication manufacturers to showcase their smart home products.
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Common Standards for Smart Home Devices
As most of the Asian nations have no universal criteria for smart home devices and due to the absence of universal criteria, most of the smart home device companies have made smart home equipment on different standards, which has created integration issues.
To tackle this problem the Japanese government established a common ECHONET Standard in February 2012. In this ECHONET Standard Japanese government has formulated universal measures for smart home equipment companies which helped in the fast growth of smart home equipment industry.
Smart Appliances and Home Entertainment controls major Market Share in Japan Smart Home Market
Japan smart home market has been categorized in 6 segments: Control and Connectivity, Comfort and Lighting, Home Entertainment, Smart Appliances, Energy Management and Security. Smart Appliances and Home Entertainment contributes major market share in Japan Smart Home Market. Security is the primary focus area for the Japanese government to help the ageing population in Japan.
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Last Update : May 29, 2019
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