United States Smart Home Market, Size, Share, Growth | Forecast (2023-2028) | Renub Research
- Sakshi Sharma
- Sep 7, 2023
- 4 min read
In a report named United States Smart Home Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030," issued recently by Renub Research, market share insights are incorporated along with detailed industry analysis. The analysis of competitors and growth for United States smart home market is also enclosed in the report.
Between 2022 and 2030, the United States smart home market will grow at a CAGR of 11.85%. Nowadays, the push for sustainable living and reduced energy consumption fuels the appeal of smart homes, making them a prominent trend in the modern housing market. Moreover, the demand for smart homes in the United States is surging as homeowners seek increased convenience, energy efficiency, and security. Integration of voice-controlled assistants, smart thermostats, lighting, security cameras, and automated appliances has become essential. The desire for remote monitoring and control via smartphones is driving adoption. With the growing Internet of Things (IoT) ecosystem, consumers are embracing interconnected devices that enhance daily living.
Household energy management is receiving increased attention in order to incorporate more sustainable energy resources. Furthermore, due to rising energy prices and increased demand, homes must become more energy efficient in order to reduce their energy costs. With the help of the Home Energy Management System (HEMS), energy management services for effective monitoring and management of electricity generation, power conservation, and energy storage techniques are being developed for smart homes. So, United States Smart Home Market will value about US$69.97 Billion by 2030.
Companies in the market have been concentrating on improving food recognition and incorporating it into kitchen applications such as full-size ovens and refrigerators. The bulk of trade shows over the past few years have witnessed the existence of ABB Limited, Emerson Electric Co., Siemens AG, and other upcoming businesses in the smart home market, initiating concepts such as control over blinds and lights from a mobile device without the demand for extra wiring, remote monitoring of a stovetop, and combining AI into appliances for directions.
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Energy management stands as the fastest growing segment in the US smart home market due to its profound impact on sustainability and cost savings.
As energy prices rise and environmental concerns grow, consumers are looking for ways to gain more control over their energy consumption. Smart home energy management systems offer a simple platform for monitoring, regulating, and optimizing energy consumption, resulting in significant cost savings. Furthermore, the growing use of renewable energy sources such as solar panels necessitates efficient energy distribution and storage, fueling demand for smart energy solutions. With the ease of remote access via smartphones and the seamless integration of devices such as smart thermostats and connected appliances, energy management is not only becoming a practical choice but also aligning with an eco-conscious mindset.
Application – United States Smart Home Market has been covered from six viewpoints.
Comfort & Lighting
Control & Connectivity
Energy Management
Home Entertainment
Security
Smart Appliances
Smart speakers have asserted dominance in the United States smart home market owing to their multifunctionality and user-friendly interface.
Serving as a central hub for various smart devices, smart speakers integrate seamlessly into daily routines, offering voice-controlled convenience for tasks ranging from information retrieval to home automation. The appeal of hands-free operation, coupled with the growing popularity of virtual assistants like Amazon Alexa and Google Assistant, has accelerated their adoption. Moreover, their affordable price points make them an accessible entry point into the smart home ecosystem. The ever-expanding ecosystem of compatible smart devices, including lights, thermostats, and security cameras, smart speakers offer an all-in-one solution that resonates with consumers seeking convenience and efficiency.
Product – United States Smart Home Market has been covered from nineteen viewpoints.
Smart Speaker
interactive security system
smart thermostat
monitoring camera
video doorbell
smart light bulb
motion sensor
smart light switch
door/video sensor
smart door lock
smart plug
smart smoke detector
garage door opener
smart electrical socket
smart oven
smart window shade/blind,
leak/moisture detector
irrigation control system
water shutoff system
North Carolina has made a remarkable ascent as the fastest-growing in the United States smart home market.
The thriving technology landscape of United States, bolstered by renowned research universities and a burgeoning startup culture, fosters innovation, and attracts smart home solution providers. This dynamic environment cultivates a diverse range of cutting-edge products that resonate with tech-savvy consumers. Moreover, North Carolina's steady population growth and robust real estate sector provide a fertile ground for integrating smart home technologies into both new constructions and existing homes. The state's blend of urban and suburban communities creates diverse markets, catering to various consumer needs. Concurrently, North Carolina's emphasis on sustainable living and energy efficiency aligns seamlessly with the value proposition of smart home systems.
States – United States Smart Home Market has been covered from eleven viewpoints.
Florida
Texas
South Carolina
North Carolina
California
Iowa
New York
Illinois
Arizona
Wisconsin
Others
Competitive Landscape.
The companies that make up the United States smart home market include Apple Inc., Schneider Electric, Panasonic, Sony, Honeywell International Inc., and Amazon.com Inc.
Company Insights.
· Oveview
· Recent Development and Initiatives
· Sales Analysis
Company Analysis:
1. Panasonic Corporation
2. Sony Corporation
3. Apple Inc.,
4. Schneider Electric
5. Amazon.com Inc.,
6. Honeywell International Inc.
Browse Related Report:
Smart Speaker Market: https://www.renub.com/smart-speaker-market-p.php
GCC Smart Homes Market: https://www.renub.com/gcc-smart-home-market-p.php
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