Canada Smart Home Automation Market Size & Outlook
Canada smart home automation market, 2018-2030 (US$M)
Related Markets
Canada smart home automation market highlights
- The Canada smart home automation market generated a revenue of USD 4,983.3 million in 2022 and is expected to reach USD 26,435.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 23.2% from 2023 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2022.
- Smart Kitchen Appliances is the most lucrative product segment registering the fastest growth during the forecast period.
Smart home automation market data book summary
| Market revenue in 2022 | USD 4,983.3 million |
| Market revenue in 2030 | USD 26,435.6 million |
| Growth rate | 23.2% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Smart Kitchen Appliances |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Kitchen Appliances, Home Appliances, Smart Furniture, Home Healthcare, Smart Speakers, Other Devices |
| Key market players worldwide | ABB Ltd, Crestron Electronics, Honeywell International Inc, Ingersoll Rand Inc, Johnson Controls International PLC, Legrand SA, Leviton Manufacturing, Lutron Electronics, Schneider Electric SE, Siemens AG, Snap One Holdings Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 6.2% of the global smart home automation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart home automation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 26,435.6 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada smart home automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart home automation market will help companies and investors design strategic landscapes.
Security & access controls was the largest segment with a revenue share of 29.91% in 2022. Horizon Databook has segmented the Canada smart home automation market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, smart speakers, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
The growth can be attributed to homeowners in Canada preferring automated solutions such as smart switches and energy monitoring systems to save on the rising energy costs. For instance, in April 2022, based on a study by Schneider Electric, 73% of homeowners in Canada have received an increased electricity bill in the past year.
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Our clientele includes a mix of smart home automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada smart home automation market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada smart home automation market size, by product, 2018-2030 (US$M)
Canada Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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