China Smart Home Market is predicted to reach USD 27.42 Billion by 2030

According to the study by Next Move Strategy Consulting, the China Smart Home Market size is predicted to reach USD 27.42 billion, at a CAGR of 18.4% by 2030.

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The prominent tech giants in China including Alibaba, Tencent, and Xiaomi, drives innovation in the smart home market. They consistently pioneer cutting-edge connected home products boasting advanced features and seamless integration.

China witnesses a notable surge in IoT device adoption, with a myriad of interconnected smart gadgets flooding the market. Ranging from smart thermostats to connected appliances, the proliferation of IoT devices cultivates a comprehensive smart home ecosystem.

Several market players operating in the China smart home industry include Honeywell International, Inc., Schneider Electric, ABB Ltd, Somfy, Loxone Electronics GmbH, Samsung, LG Electronics, Google Home, D-Link Systems, Inc., Xiaomi Inc.