In 2023, the typical US home broadband household reached 213.52 Mbps download and 45.31 Mbps upload on average, yet only 99.5% of fixed connections met minimum advertised speeds, a small gap that matters for everyday streaming, work, and gaming. At the same time, home tech demand keeps rising fast, from smart device shipments climbing to about 277 million units globally in a year to smart home energy management still sitting with a much smaller ownership footprint. Here’s how the latest Home Industry statistics map the pull between connectivity, security, and energy control across households.
Key Takeaways
- 90% of households in the United States have broadband internet subscription, per FCC data for 2023
- 4.9 million home broadband subscriptions were added in the U.S. in 2023, per FCC Broadband Deployment Reports
- The global smart home market was valued at $81.4 billion in 2022 and is forecast to reach $457.5 billion by 2030, according to Fortune Business Insights
- In 2024, the average annual household energy intensity (kWh per household) decreased by about 2% in OECD countries, per IEA World Energy Statistics
- In 2023, home broadband speeds in the U.S. averaged 213.52 Mbps downstream and 45.31 Mbps upstream, per Ookla Speedtest Global Index averages
- In 2023, 99.5% of U.S. fixed broadband connections met minimum advertised download speeds, per FCC performance report (Testing and Measurement data)
- In 2023, 76% of U.S. broadband customers used a smartphone as their primary internet-connected device at home, per Pew Research Center device usage analysis
- In 2023, 21% of U.S. households reported owning a home security system, per U.S. Census Bureau Household Pulse survey estimates reported via Census
- In 2023, 9% of U.S. households had a home energy management system (HEMS), per EIA RECS analysis (installation and device ownership tables)
- In 2024, U.S. residential electricity prices averaged about 15.91 cents per kWh, per EIA Electric Power Monthly
- In 2023, the median U.S. cost of home broadband for residential consumers was $60 per month, per FCC Communications Marketplace reports
- In 2022, the median U.S. cost for natural gas residential service was $16.24 per thousand cubic feet, per EIA Natural Gas Monthly
- In 2024, 5G home internet (fixed wireless) accounted for an increasing share of fixed broadband subscriptions in the U.S., exceeding 10% in major markets per FCC Fixed Wireless broadband trends
- In 2023, the U.S. deployed 1.7 million EV charging ports publicly available, up 56% year over year, per IEA Global EV Data Explorer
- In 2024, heat pump sales grew by more than 25% year over year in multiple OECD markets, per IEA Heat Pumps Tracking
Most US households now rely on connected home tech, from broadband and smart devices to energy management.
Related reading
01 · Category
Market Size7 stats
01
90% of households in the United States have broadband internet subscription, per FCC data for 2023[1]
02
4.9 million home broadband subscriptions were added in the U.S. in 2023, per FCC Broadband Deployment Reports[1]
03
The global smart home market was valued at $81.4 billion in 2022 and is forecast to reach $457.5 billion by 2030, according to Fortune Business Insights[2]
04
The global home security market size was $36.5 billion in 2023 and is projected to reach $64.0 billion by 2030, per Fortune Business Insights[2]
05
In the U.S., Energy Information Administration (EIA) reported about 121.9 million households in 2023[3]
06
In 2022, the average U.S. residential electricity consumption was about 10,649 kWh per customer, according to EIA[3]
07
In 2022, U.S. residential natural gas consumption was 49.9 billion cubic feet per day on average, per EIA[3]
Interpretation
Market Size Interpretation
For the Home Industry under the Market Size category, the smart home market is projected to surge from $81.4 billion in 2022 to $457.5 billion by 2030 while broad U.S. reach is already strong with 90 percent of households subscribing to broadband in 2023.
02 · Category
Performance Metrics10 stats
01
In 2024, the average annual household energy intensity (kWh per household) decreased by about 2% in OECD countries, per IEA World Energy Statistics[4]
02
In 2023, home broadband speeds in the U.S. averaged 213.52 Mbps downstream and 45.31 Mbps upstream, per Ookla Speedtest Global Index averages[5]
03
In 2023, 99.5% of U.S. fixed broadband connections met minimum advertised download speeds, per FCC performance report (Testing and Measurement data)[1]
04
In 2022, 74% of U.S. residential customers reported experiencing no more than 1 outage incident per month, per J.D. Power Utility Customer Experience surveys[6]
05
In a meta-analysis of residential demand response, average peak load reduction ranged from 10% to 20% for automated thermostat programs, per peer-reviewed review published in Applied Energy[7]
06
In 2024, U.S. homes with smart meters enabled time-of-use rates shifted about 8% of peak usage to off-peak hours in trials, per Lawrence Berkeley National Laboratory report[8]
07
Residential PV in the U.S. produced about 1,400 kWh per kW installed in 2023 on average, per EIA solar generation statistics[3]
08
Smart irrigation controllers can reduce residential water use by about 15% in field trials, per peer-reviewed evaluation in Resources, Conservation & Recycling[7]
09
In 2022, smart leak detection reduced household water losses by an estimated 20% in utility pilot programs, per peer-reviewed studies summarized by EPA[9]
10
In 2021, the median internet download speed for fixed broadband connections in South Korea was 162.5 Mbps, per Ookla Speedtest Global Index country-level metrics[5]
Interpretation
Performance Metrics Interpretation
Across key home performance metrics, smart infrastructure and connectivity are steadily improving outcomes, with U.S. fixed broadband largely meeting advertised speeds at 99.5% in 2023 and efficiency gains like smart meters shifting about 8% of peak electricity use to off-peak hours in 2024 and automated thermostat demand response cutting peak load by roughly 10% to 20%.
03 · Category
User Adoption7 stats
01
In 2023, 76% of U.S. broadband customers used a smartphone as their primary internet-connected device at home, per Pew Research Center device usage analysis[10]
02
In 2023, 21% of U.S. households reported owning a home security system, per U.S. Census Bureau Household Pulse survey estimates reported via Census[11]
03
In 2023, 9% of U.S. households had a home energy management system (HEMS), per EIA RECS analysis (installation and device ownership tables)[3]
04
In 2022, 14% of U.S. households reported having a solar panel system, per EIA RECS microdata summaries[3]
05
18% of U.S. households purchased at least one smart lighting product in 2023, per Philips/Signify market research reported in Signify investor materials[12]
06
42% of European households used mobile apps to manage utility services in 2024, per EURELECTRIC/Eurostat consumer digitalization reporting[13]
07
In 2023, 11% of households in France had smart electricity meters installed, per Enedis and official French regulator (CRE) reporting[14]
Interpretation
User Adoption Interpretation
User adoption is accelerating, with smartphone use already at 76% of U.S. broadband households while smart home capabilities are still emerging, ranging from 21% with security systems and 9% with HEMS to 18% buying smart lighting in 2023.
More related reading
04 · Category
Cost Analysis10 stats
01
In 2024, U.S. residential electricity prices averaged about 15.91 cents per kWh, per EIA Electric Power Monthly[3]
02
In 2023, the median U.S. cost of home broadband for residential consumers was $60 per month, per FCC Communications Marketplace reports[1]
03
In 2022, the median U.S. cost for natural gas residential service was $16.24 per thousand cubic feet, per EIA Natural Gas Monthly[3]
04
In 2022, residential HVAC equipment replacement costs averaged $6,500 in the U.S. based on Consumer Expenditure Survey-derived estimates published by peer-reviewed housing economics research[15]
05
In 2024, U.S. EIA reported that average residential electricity bills were about $135 per month, per EIA Electric Power Monthly[3]
06
In 2023, average retail electricity price in the EU27 was about €0.26 per kWh, per Eurostat electricity price statistics[13]
07
In 2023, the average U.S. residential natural gas price was $1.99 per thousand cubic feet, per EIA Natural Gas Monthly[3]
08
In 2023, U.S. average heating fuel expenditures for residential customers were $1,870, per EIA Residential Energy Consumption Survey (RECS) summary estimates[3]
09
In 2023, the U.S. average replacement cost for a furnace was about $3,200, per HomeAdvisor cost data[16]
10
In 2023, the U.S. average replacement cost for a central AC system was about $7,800, per HomeAdvisor cost data[16]
Interpretation
Cost Analysis Interpretation
The Cost Analysis data show that ongoing home operating expenses add up fast, with U.S. residential electricity averaging about 15.91 cents per kWh in 2024 and average monthly bills around $135, while heating and comfort upgrades also carry major costs such as $1,870 in 2023 heating fuel spending and roughly $6,500 for HVAC replacement.
05 · Category
Industry Trends15 stats
01
In 2024, 5G home internet (fixed wireless) accounted for an increasing share of fixed broadband subscriptions in the U.S., exceeding 10% in major markets per FCC Fixed Wireless broadband trends[1]
02
In 2023, the U.S. deployed 1.7 million EV charging ports publicly available, up 56% year over year, per IEA Global EV Data Explorer[4]
03
In 2024, heat pump sales grew by more than 25% year over year in multiple OECD markets, per IEA Heat Pumps Tracking[4]
04
In 2023, U.S. smart home device shipments increased to about 277 million units, up 1% from 2022, per IDC Worldwide Quarterly Smart Home Device Tracker (as reported in IDC press material)[17]
05
In 2023, the number of connected smart home devices in use globally reached 8.4 billion, per IoT analytics firm Statista citing IoT Analytics[18]
06
In 2023, Amazon’s Alexa-compatible devices accounted for about 41% of smart speaker shipments in the U.S., per Strategy Analytics/Counterpoint reporting in trade press[19]
07
In 2023, the share of U.S. households with a mortgage was 51.2%, per U.S. Census Bureau AHS/SCF-derived household finance reporting[11]
08
In 2023, U.S. residential solar additions reached about 4.5 GW AC, per SEIA/GTM Research quarterly U.S. solar market data[20]
09
In 2024, the International Energy Agency projected that global heat pump sales would exceed 200 million units cumulatively by 2030 in its scenarios, per IEA World Energy Outlook[4]
10
In 2023, global wind and solar accounted for 8.1% of total global electricity generation, rising from 7.0% in 2022, per Ember[21]
11
In 2023, U.S. single-family residential starts were 1.02 million units, indicating continuing home construction demand for building tech, per U.S. Census/HUD data[11]
12
In 2023, U.S. building permits for single-family homes totaled 1.55 million, per U.S. Census Bureau[11]
13
In 2023, existing homes sales in the U.S. were about 4.0 million units seasonally adjusted annual rate, per NAR[22]
14
In 2024, the U.S. residential construction cost index increased by about 3% year over year, per U.S. Census Bureau/Producer Price Index[11]
15
In 2024, the average U.S. rent was about $1,777 per month, affecting affordability for home tech upgrades and subscription services, per Zillow Home Value Index reports[23]
Interpretation
Industry Trends Interpretation
Across key Industry Trends shaping Home Industry, rapid clean and connected-tech adoption is accelerating at scale, from U.S. fixed wireless 5G broadband reaching over 10% of fixed subscriptions in major markets in 2024 and EV charging ports rising 56% year over year in 2023 to heat pump sales growing more than 25% year over year in multiple OECD countries.
Reference
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APA
Priya Chandrasekaran. (2026, February 13). Home Industry Statistics. Gitnux. https://gitnux.org/home-industry-statistics
MLA
Priya Chandrasekaran. "Home Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/home-industry-statistics.
Chicago
Priya Chandrasekaran. 2026. "Home Industry Statistics." Gitnux. https://gitnux.org/home-industry-statistics.
Sources & references
23 sources cited across this report