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The US smart homes market size is forecast to increase by USD 5.91 billion and is estimated to grow at a CAGR of 5.41% between 2023 and 2028. The home automation market is experiencing significant growth due to increasing consumer interest in convenient and energy-efficient living. Smart home products, such as thermostats, lighting systems, and security cameras, are becoming increasingly popular. These devices not only enhance comfort and convenience but also contribute to energy conservation. The need for energy conservation is a major driving factor, as home automation systems can optimize energy usage and reduce utility bills. Additionally, advancements in technology and the availability of user-friendly interfaces have made smart home solutions accessible to a wider audience. Home automation is no longer a luxury, but a necessity for modern living.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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