The market for smart home products is growing rapidly

Published on: January 3, 2018 / Update from: September 24, 2018 - Author: Konrad Wolfenstein

Whether networked speakers, lighting or energy management devices – smart technology for your own four walls is very trendy. As Statista's infographic shows, this trend will continue to grow: Sales of smart home products will grow by an average of 27.5 percent per year to a total of $112.8 billion by 2022. Household appliances such as refrigerators and washing machines will account for the largest share of growth. Most revenue from smart home products is generated in the USA, followed by Europe and China.

You can find more infographics at Statista