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The Smart Home Weather Stations and Rain Gauge Market size is estimated to grow at a CAGR of 8.97% between 2022 and 2027. The market size is forecast to increase by USD 84.4 million. The growth of the market depends on several factors such as product innovation in terms of technology, performance, features, and design, the growing demand for smart home products due to an increase in Internet penetration, and the high convenience offered by smart home weather stations and rain gauge devices.
This smart home weather stations and rain gauge market report extensively covers market segmentation by product (smart weather stations and smart rain gauge), distribution channel (online and offline), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Product innovation in terms of technology, performance, features, and design is driving growth in the smart home weather stations and rain gauge market. Continuous technological innovations are currently targeted by those offering smart weather stations and rain sensors in order to increase their value through the development of intelligent devices that improve their functionality. The concept of controlling home products through the Internet and smartphones has attracted considerable consumer attention in recent times.
Moreover, Smart home weather stations also provide a measure of the temperature, humidity, air quality, ventilation warning, and the sound meter inside the home. The weather station is equipped with an Amazon Alexa feature that monitors temperature, humidity, rainfall, wind direction, wind speed, and barometric pressure. All these factors are driving the market for these products, which in turn will drive the growth of the market in focus during the forecast period.
The compatibility of smart products with voice-enabled speakers is a key trend in the smart home weather station and rain gauge market. In the market, innovation is taking place with regard to features and user interfaces for voice-based speakers. Currently, only a few players in the market are offering smart home speakers that work with a voice-controlled intelligent personal assistant.
The voice-controlled speakers allow users to control the device features and functions from any part of the home without any hassle while doing other work. Amazon Alexa will also be supported by the Smart Home Weather Systems offered by Chaney Instrument. The integration of the smart speaker feature with smart home weather stations and rain gauge will propel the market in focus during the forecast period.
The lack of product awareness in developing and underdeveloped countries is a major challenge faced by the smart home weather station and rain gauge market challenge. The main barrier to the introduction of smart home weather stations and rain gauges remains a lack of consumer awareness, which is not fully understood by connected devices. Many consumers, especially in developing and underdeveloped countries, are unaware of the latest technological advancements and the benefits of smart home weather stations owing to the lack of technological exposure.
However, even if consumers are aware of the availability and benefits of these smart home products, they are apprehensive about embracing smart home technology owing to security concerns and the high cost of these devices. Despite the increasing penetration of smart home products around the world, consumer trust in their use is still being cultivated by smartphones and the Internet, and the mass adoption of these appliances will be a slow process. This, in turn, will negatively impact the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Smart Home Weather Stations and Rain Gauge Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advanced Environmental Monitoring LLC - The company offers smart home weather stations and rain gauge products such as Vantage Vue Weather Station with WeatherLink Console and Vantage Pro2, a fully integrated, corrosion-proof sensor suite built to take all the weather conditions under its subsidiary Davis Instruments Corp.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The smart weather stations segment is estimated to witness significant growth during the forecast period. Smart weather stations are sophisticated weather monitoring systems for home users and are designed to be compatible with Android and iOS devices. Users are able to get a more accurate overview of weather conditions and other meteorological information on their Smart devices, without being dependent on television channels, through the use of intelligent weather stations.
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The smart weather stations segment was the largest segment and was valued at USD 114.53 million in 2017. Smart weather stations provide both indoor and outdoor information. The smart weather stations are designed to provide weather-related information such as humidity, temperature, and barometric pressure. The user will be guided by an outdoor sensor for the Smart Weather Station, allowing them to schedule activities according to weather conditions.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the US is a significant market share holder in smart home weather stations as well as rain gauges. Although the smart home weather stations and rain gauge market in North America account for a major market share globally, the manufacturers face several issues in penetrating emerging markets in the region.
Moreover, North America accounts for the largest share of the global smart home weather stations and rain gauge market, primarily because of the increasing consumer inclination toward home automation. The user will be guided by an outdoor sensor for the Smart Weather Station, allowing them to schedule activities according to weather conditions, which, in turn, is driving the growth of the regional smart home weather stations and rain gauge market. The market in North America grew by 18.7% in 2020 when compared to that in 2019, and it is expected to increase significantly during the forecast period.
In 2020, the COVID-19 pandemic adversely affected North American countries. However, in 2021 and 2022, the demand for these products rebounded as retail stores were reopened due to the large-scale COVID-19 vaccination drives initiated in this region in 2021. Moreover, an increasing number of vendors are adopting internet channels as a means to boost sales and the adoption of digital technologies will further spur the growth of the regional smart home weather stations and rain gauge market during the forecast period.
The smart home weather stations and rain gauge market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Smart Home Weather Stations And Rain Gauge Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.97% |
Market growth 2023-2027 |
USD 84.4 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.57 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advance Tech India Pvt. Ltd., Advanced Environmental Monitoring LLC, BARANI DESIGN Technologies sro, BloomSky Inc., Campbell Scientific Inc., Chaney Instrument Co., Columbia Weather Systems Inc., Headwind Consumer Products, Hunan Rika Electronic Tech Co. Ltd., Kotai Electronics Pvt. Ltd., La Crosse Technology Ltd., Legrand SA, Nielsen Kellerman Co., R. M. Young Co., S S Micro Electronics Pvt. Ltd., SENCROP , ThermoPro, WeatherFlow Inc., Z Wave Europe GmbH, and Airmar Technology Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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