Europe Smart Home Market is predicted to reach USD 119.22 Billion by 2030

According to the study by Next Move Strategy Consulting, the Europe Smart Home Market size is predicted to reach USD 119.22 billion, at a CAGR of 19.6% by 2030.

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In Europe, a significant growth driver for the smart home market is the increasing awareness of energy efficiency and sustainability among consumers. 

The support from government initiatives and incentives further enhances the growth of the market. Various European countries offer subsidies, tax credits, and grants to encourage the adoption of connected home technologies.

The rising prevalence of connected homes and interconnected devices propels the expansion of the smart home market in the UK.

Several key players operating in the Europe smart home industry include LG Electronics, ASSA ABLOY, Amazon Inc., Samsung Electronics, Sony, Emerson Electronic Co., Johnson Controls International PLC, Centrica Connected Home Limited, Resideo Technologies Inc., Apple Inc. and others.