Germany Smart Home Market is predicted to reach USD 11.75 Billion by 2030

According to the study by Next Move Strategy Consulting, the Germany Smart Home Market size is predicted to reach USD 11.75 billion, at a CAGR of 19.3% by 2030.

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The growing demand for smart home products in Germany is fuelled by the rising disposable income of its citizens, consequently bolstering the market.

Germany is actively engaged in building smarter energy grids, commonly referred to as smart grids, to enhance energy distribution efficiency and reliability.

Several market players operating in the Germany smart home industry include Honeywell International, Inc., Schneider Electric, ABB Ltd, Amazon, Gira, Samsung, LG Electronics, Loxone Electronics GmbH, Somfy, Shelly.