How big is the United States Smart Homes Market?

The United States Smart Homes Market size is expected to reach USD 40.40 billion in 2024 and grow at a CAGR of 9.12% to reach USD 62.50 billion by 2029. Read More

What is the current United States Smart Homes Market size?

In 2024, the United States Smart Homes Market size is expected to reach USD 40.40 billion. Read More

Who are the key players in United States Smart Homes Market?

ABB Limited, Emerson Electric Co. , Honeywell International Inc., siemens ag and Schneider Electric SE are the major companies operating in the United States Smart Homes Market. Read More

What years does this United States Smart Homes Market cover, and what was the market size in 2023?

In 2023, the United States Smart Homes Market size was estimated at USD 37.02 billion. The report covers the United States Smart Homes Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the United States Smart Homes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Homes Market in the US - Size, Share & Companies

Smart Homes Market in US Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Smart Home Market Companies in the US and it is Segmented by Product Type (Comfort and Lighting, Control and Connectivity, Energy Management, Home Entertainment, Security, and Smart Appliances). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

United States Smart Homes Industry Overview

The competitive landscape of the US smart home market shows market fragmentation. Some of the global key players in this market are ABB Limited, Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., Siemens AG, LG Electronics Inc., Cisco Systems Inc., Google Inc., and Microsoft Corporation. Product launch, acquisition, and partnership are some of the key strategies adopted by market players operating in the market. For instance:

In June 2022, Siemens AG launched Siemens Xcelerator, an open digital business platform, to accelerate digital transformation and value creation for customers of all sizes in industries, buildings, grids, and mobility. The business platform facilitates, accelerates, and scales digital transformation. Siemens has acquired Brightly Software, a leading asset, and maintenance management software company based in the United States. Brightly's well-established capabilities across key sectors will be added to Siemens' digital and software know-how in buildings. It will form the foundation of the Siemens Xcelerator for Buildings portfolio.
In March 2022, Schneider Electric in Boston, USA, introduced the Wiser Gateway and Wiser Smart Plug, among the first products in the world to receive Matter certification, expanding the company's complete home energy management offering. The Wiser Gateway, the central communication interface for the larger Wiser ecosystem, and the Wiser Smart Plug, a small but critical transmitter for the Home Energy Management System (HEMS) network, are the first two products from Schneider Electric's holistic HEMS solution to incorporate the Matter Standard. It strengthens the company's position as a pioneer in developing home energy management systems that optimize energy usage and help reduce costs and residential carbon dioxide emissions while maintaining comfort.