Canada Smart Home Devices Market

Canada Smart Home Devices Market Overview:

The Canada smart home devices market size reached USD 3.40 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.80 Billion by 2033, exhibiting a growth rate (CAGR) of 7.20% during 2025-2033. The market is driven by the growing demand for smart home technology, such as smart sensors and automation systems, along with the rising reliance on e-commerce platforms that frequently provide customer reviews, ratings, and product comparisons.

Canada Smart Home Devices Market Trends:

Increasing Geriatric Population

According to an article published in 2024 on the website of Statisque Canada, people aged 65 and above reached 7,568,308 in July 2023 across Canada. Many seniors prefer to live independently in their own homes rather than transferring to assisted living facilities, which is driving the Canada smart home device market growth. Smart home technology, such as smart sensors and automation systems, contributes to this by providing safety measures that allow seniors to remain independent. Moreover, smart cameras and home monitoring systems enable family members and caregivers to keep a check on seniors from a distance, assuring their well-being while respecting their liberty. Besides this, smartwatches and health trackers that monitor vital indications like heart rate and activity levels are becoming popular among seniors. These technologies enable proactive health management and the early detection of prospective health risks. Also, smart home technologies are frequently integrated with telehealth services, allowing elders to consult healthcare providers from home, which is particularly advantageous for those with mobility issues.

With safety and security concerns, seniors are turning to smart locks, security cameras, and alarm systems with remote access and monitoring. These technologies help elders feel comfortable at home. Furthermore, emergency alarm systems can be built into smart home gadgets to warn caregivers or emergency personnel if a senior falls or has a medical emergency. Apart from this, smart home assistants enable elderly people to control their home environment via voice commands, decreasing the need for physical interaction with gadgets, thus enhancing the Canada smart home devices market outlook.

E-Commerce Growth

People can access numerous smart home devices from various brands easily through e-commerce platforms which enable Canadians to shop independently of their location. In confluence with this, e-commerce lets customers buy smart home products at any moment which traditional retail cannot duplicate. Moreover, their wide selection of smart home devices and online marketplaces offer customers access to special products that traditional stores cannot provide. The wide selection of products on the market prompts customers to perform research until they find products that align with their specifications. Besides this, through e-commerce technology, customers gain the ability to review multiple brands simultaneously which enables them to choose their purchases with better information. Additionally, e-commerce platforms frequently provide customer reviews, ratings, and product comparisons, which assist educate buyers on the benefits and features of smart home products. This information can enhance consumer confidence in acquiring these devices. Many e-commerce websites also offer video tutorials and demonstrations that show how to utilize smart home devices properly. This can increase uptake among people who are unfamiliar with the technology. Furthermore, e-commerce sites typically provide promotional deals, discounts, and bundling options for smart home gadgets, making them more inexpensive to customers. As per the data published on the website of the International Trade Administration (ITA) in 2023, eCommerce users in Canada are expected to reach 77.6% in 2025. This is significantly boosting the Canada smart home devices market share.

Canada Smart Home Devices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on component and type.

Component Insights:

• Solutions
• Services

The report has provided a detailed breakup and analysis of the market based on the component. This includes solutions and services.

Type Insights:

• Security and Access Control
• HVAC Control
• Entertainment and Other Controls
• Smart Kitchen
• Lighting Control
• Home Appliances
• Smart Furniture
• Others

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes security and access control, HVAC control, entertainment and other controls, smart kitchen, lighting control, home appliances, smart furniture, and others.

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Smart Home Devices Market News:

• June 2024: ABB introduced ReliaHome™ Smart Panel, its first residential energy management software platform in the U.S. and Canada, in partnership with Lumin, a leader in responsive load management.
• September 2023: Toronto-based smart home company ecobee launched two energy-saving programs in collaboration with the Independent Electricity System Operator (IESO) and Hydro One. These initiatives aim to strengthen Ontario’s electricity grid by reducing demand during peak periods. Ontario residents with smart thermostats can receive a $75 incentive for enrolling in the programs.

Canada Smart Home Devices Market Report Coverage:

Key Questions Answered in This Report:

• How has the Canada smart home devices market performed so far and how will it perform in the coming years?
• What is the breakup of the Canada smart home devices market on the basis of component?
• What is the breakup of the Canada smart home devices market on the basis of type?
• What is the breakup of the Canada smart home devices market on the basis of region?
• What are the various stages in the value chain of the Canada smart home devices market? 
• What are the key driving factors and challenges in the Canada smart home devices?
• What is the structure of the Canada smart home devices market and who are the key players?
• What is the degree of competition in the Canada smart home devices market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada smart home devices market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada smart home devices market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada smart home devices industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.