Market Share of United States Smart Homes Industry
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.
United States Smart Homes Market Leaders
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ABB Limited
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Emerson Electric Co.
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Honeywell International Inc.
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siemens ag
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Schneider Electric SE
*Disclaimer: Major Players sorted in no particular order
