Market Share of Canada Smart Home Industry
The Canadian smart home market is fragmented with local and global players. The significant players are strengthening their market positions through innovation, partnerships, and research on new technology, mergers, and acquisitions. Some of the significant players in the market are ABB Ltd, Ecobee, Schneider Electric SE, TELUS International, and Johnson Controls.
- March 2024 - ABB Smart Buildings expanded its ABB-free@home system, incorporating the latest Matter technology and additional partner add-ons. This update boosts interoperability and empowers users with enhanced flexibility. They can now select from a broader array of smart home devices, simplifying the process of expanding and tailoring their setups. ABB-free@home integrates with major smart home ecosystems like Apple Home, Google Home, Amazon Alexa, and Samsung by leveraging the Matter firmware, which gains traction as an open-source connectivity standard.
- September 2023 - Ecobee, a smart home company headquartered in Toronto, launched dual energy-saving initiatives. Collaborating with the Independent Electricity System Operator (IESO) and Hydro One, these programs aim to bolster Ontario's electricity grid by alleviating strain during peak demand. Ontario residents with smart thermostats stand to gain, receiving a USD 75 incentive upon enrolling in either the IESO's 'Save on Energy Peak Perks' or Hydro One's 'myEnergy Rewards' program.
Canada Smart Home Market Leaders
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Schneider Electric SE
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Ecobee
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TELUS International
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ABB Ltd.
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Johnson Controls
*Disclaimer: Major Players sorted in no particular order
