Smart Home - Canada

  • Canada
  • The Smart Home market in Canada is projected to witness a substantial growth in revenue.
  • By 2024, the projected revenue is expected to reach €2.9bn.
  • This growth is projected to continue with an annual growth rate (CAGR 2024-2028) of 9.61%.
  • As a result, the market volume is expected to reach €4.2bn by 2028.
  • In terms of household adoption, the number of active households in Canada is expected to reach [users_currentlayer_yearend] by 2028.
  • The penetration rate of Smart Home market technology is anticipated to increase from 41.0% in 2024 to 68.6% by 2028.
  • Currently, the average revenue per installed Smart Home market in Canada is expected to amount to €429.40.
  • When compared globally, it is worth noting that United States generates the highest revenue in the Smart Home market, with €35,980.0m projected for 2024.
  • Canada's smart home market is experiencing rapid growth, driven by the increasing demand for energy-efficient and connected devices in households across the country.

Key regions: United States, United Kingdom, Germany, Europe, Norway

Comparaison de régions


Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Vue d’ensemble

  • Revenue
  • Smart Homes
  • Demographics
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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