The global smart home market is experiencing rapid growth, driven by the adoption of energy management devices like smart thermostats, lights, and plugs. ABI Research predicts shipments of these devices will surge from 230.9 million in 2024 to over 584 million by 2030, with Western Europe and North America leading the charge. Factors like increased Wi-Fi connectivity, competitive pricing, and government incentives are fueling this trend. As the market matures, vendors are focusing on customer engagement, ease of installation, and leveraging AI and ML to enhance user experience.