Surging Ahead: The Dynamic Growth of the European Smart Home Market
The European smart home market in terms of revenue was estimated to be worth USD 26.7 billion in 2022 and is poised to reach USD 41.2 billion by 2027 The European smart home market has witnessed remarkable growth in recent years, driven by advancements in technology, rising consumer awareness, and the increasing adoption of connected devices. As of 2022, the market has become a dynamic landscape with diverse offerings that enhance convenience, energy efficiency, and security for homeowners. One of the key drivers of the European smart home market is the proliferation of Internet of Things (IoT) devices. These devices, ranging from smart thermostats and lighting systems to connected security cameras and voice-controlled assistants, enable homeowners to control and monitor various aspects of their homes remotely. This connectivity not only enhances convenience but also contributes to energy savings and improved home security. Energy efficiency has emerged as a significant focus wi...