diff --git a/.strict-typing b/.strict-typing
index 2427bcdd754..d389d9e1950 100644
--- a/.strict-typing
+++ b/.strict-typing
@@ -61,6 +61,7 @@ homeassistant.components.recorder.repack
 homeassistant.components.recorder.statistics
 homeassistant.components.remote.*
 homeassistant.components.scene.*
+homeassistant.components.select.*
 homeassistant.components.sensor.*
 homeassistant.components.slack.*
 homeassistant.components.sonos.media_player
diff --git a/CODEOWNERS b/CODEOWNERS
index 3f895d6572d..c19f4cbc721 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -423,6 +423,7 @@ homeassistant/components/scrape/* @fabaff
 homeassistant/components/screenlogic/* @dieselrabbit
 homeassistant/components/script/* @home-assistant/core
 homeassistant/components/search/* @home-assistant/core
+homeassistant/components/select/* @home-assistant/core
 homeassistant/components/sense/* @kbickar
 homeassistant/components/sensibo/* @andrey-git
 homeassistant/components/sentry/* @dcramer @frenck
diff --git a/homeassistant/components/demo/__init__.py b/homeassistant/components/demo/__init__.py
index b32537ae44e..acd98465207 100644
--- a/homeassistant/components/demo/__init__.py
+++ b/homeassistant/components/demo/__init__.py
@@ -20,6 +20,7 @@ COMPONENTS_WITH_CONFIG_ENTRY_DEMO_PLATFORM = [
     "lock",
     "media_player",
     "number",
+    "select",
     "sensor",
     "switch",
     "vacuum",
diff --git a/homeassistant/components/demo/select.py b/homeassistant/components/demo/select.py
new file mode 100644
index 00000000000..dcc0c12a9b4
--- /dev/null
+++ b/homeassistant/components/demo/select.py
@@ -0,0 +1,80 @@
+"""Demo platform that offers a fake select entity."""
+from __future__ import annotations
+
+from homeassistant.components.select import SelectEntity
+from homeassistant.config_entries import ConfigEntry
+from homeassistant.const import DEVICE_DEFAULT_NAME
+from homeassistant.core import HomeAssistant
+from homeassistant.helpers.entity_platform import AddEntitiesCallback
+from homeassistant.helpers.typing import ConfigType, DiscoveryInfoType
+
+from . import DOMAIN
+
+
+async def async_setup_platform(
+    hass: HomeAssistant,
+    config: ConfigType,
+    async_add_entities: AddEntitiesCallback,
+    discovery_info: DiscoveryInfoType = None,
+) -> None:
+    """Set up the demo Select entity."""
+    async_add_entities(
+        [
+            DemoSelect(
+                unique_id="speed",
+                name="Speed",
+                icon="mdi:speedometer",
+                device_class="demo__speed",
+                current_option="ridiculous_speed",
+                options=[
+                    "light_speed",
+                    "ridiculous_speed",
+                    "ludicrous_speed",
+                ],
+            ),
+        ]
+    )
+
+
+async def async_setup_entry(
+    hass: HomeAssistant,
+    config_entry: ConfigEntry,
+    async_add_entities: AddEntitiesCallback,
+) -> None:
+    """Set up the Demo config entry."""
+    await async_setup_platform(hass, {}, async_add_entities)
+
+
+class DemoSelect(SelectEntity):
+    """Representation of a demo select entity."""
+
+    _attr_should_poll = False
+
+    def __init__(
+        self,
+        unique_id: str,
+        name: str,
+        icon: str,
+        device_class: str | None,
+        current_option: str | None,
+        options: list[str],
+    ) -> None:
+        """Initialize the Demo select entity."""
+        self._attr_unique_id = unique_id
+        self._attr_name = name or DEVICE_DEFAULT_NAME
+        self._attr_current_option = current_option
+        self._attr_icon = icon
+        self._attr_device_class = device_class
+        self._attr_options = options
+        self._attr_device_info = {
+            "identifiers": {(DOMAIN, unique_id)},
+            "name": name,
+        }
+
+    async def async_select_option(self, option: str) -> None:
+        """Update the current selected option."""
+        if option not in self.options:
+            raise ValueError(f"Invalid option for {self.entity_id}: {option}")
+
+        self._attr_current_option = option
+        self.async_write_ha_state()
diff --git a/homeassistant/components/demo/strings.select.json b/homeassistant/components/demo/strings.select.json
new file mode 100644
index 00000000000..f797ab562bc
--- /dev/null
+++ b/homeassistant/components/demo/strings.select.json
@@ -0,0 +1,9 @@
+{
+  "state": {
+    "demo__speed": {
+      "light_speed": "Light Speed",
+      "ludicrous_speed": "Ludicrous Speed",
+      "ridiculous_speed": "Ridiculous Speed"
+    }
+  }
+}
diff --git a/homeassistant/components/demo/translations/select.en.json b/homeassistant/components/demo/translations/select.en.json
new file mode 100644
index 00000000000..e7f7c67f452
--- /dev/null
+++ b/homeassistant/components/demo/translations/select.en.json
@@ -0,0 +1,9 @@
+{
+    "state": {
+        "demo__speed": {
+            "light_speed": "Light Speed",
+            "ludicrous_speed": "Ludicrous Speed",
+            "ridiculous_speed": "Ridiculous Speed"
+        }
+    }
+}
\ No newline at end of file
diff --git a/homeassistant/components/select/__init__.py b/homeassistant/components/select/__init__.py
new file mode 100644
index 00000000000..4ec8c46ef05
--- /dev/null
+++ b/homeassistant/components/select/__init__.py
@@ -0,0 +1,98 @@
+"""Component to allow selecting an option from a list as platforms."""
+from __future__ import annotations
+
+from datetime import timedelta
+import logging
+from typing import Any, final
+
+import voluptuous as vol
+
+from homeassistant.config_entries import ConfigEntry
+from homeassistant.core import HomeAssistant
+from homeassistant.helpers import config_validation as cv
+from homeassistant.helpers.config_validation import (  # noqa: F401
+    PLATFORM_SCHEMA,
+    PLATFORM_SCHEMA_BASE,
+)
+from homeassistant.helpers.entity import Entity
+from homeassistant.helpers.entity_component import EntityComponent
+from homeassistant.helpers.typing import ConfigType
+
+from .const import ATTR_OPTION, ATTR_OPTIONS, DOMAIN, SERVICE_SELECT_OPTION
+
+SCAN_INTERVAL = timedelta(seconds=30)
+
+ENTITY_ID_FORMAT = DOMAIN + ".{}"
+
+MIN_TIME_BETWEEN_SCANS = timedelta(seconds=10)
+
+_LOGGER = logging.getLogger(__name__)
+
+
+async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
+    """Set up Select entities."""
+    component = hass.data[DOMAIN] = EntityComponent(
+        _LOGGER, DOMAIN, hass, SCAN_INTERVAL
+    )
+    await component.async_setup(config)
+
+    component.async_register_entity_service(
+        SERVICE_SELECT_OPTION,
+        {vol.Required(ATTR_OPTION): cv.string},
+        "async_select_option",
+    )
+
+    return True
+
+
+async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
+    """Set up a config entry."""
+    component: EntityComponent = hass.data[DOMAIN]
+    return await component.async_setup_entry(entry)
+
+
+async def async_unload_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
+    """Unload a config entry."""
+    component: EntityComponent = hass.data[DOMAIN]
+    return await component.async_unload_entry(entry)
+
+
+class SelectEntity(Entity):
+    """Representation of a Select entity."""
+
+    _attr_current_option: str | None
+    _attr_options: list[str]
+    _attr_state: None = None
+
+    @property
+    def capability_attributes(self) -> dict[str, Any]:
+        """Return capability attributes."""
+        return {
+            ATTR_OPTIONS: self.options,
+        }
+
+    @property
+    @final
+    def state(self) -> str | None:
+        """Return the entity state."""
+        if self.current_option is None or self.current_option not in self.options:
+            return None
+        return self.current_option
+
+    @property
+    def options(self) -> list[str]:
+        """Return a set of selectable options."""
+        return self._attr_options
+
+    @property
+    def current_option(self) -> str | None:
+        """Return the selected entity option to represent the entity state."""
+        return self._attr_current_option
+
+    def select_option(self, option: str) -> None:
+        """Change the selected option."""
+        raise NotImplementedError()
+
+    async def async_select_option(self, option: str) -> None:
+        """Change the selected option."""
+        await self.hass.async_add_executor_job(self.select_option, option)
diff --git a/homeassistant/components/select/const.py b/homeassistant/components/select/const.py
new file mode 100644
index 00000000000..41598c2edbc
--- /dev/null
+++ b/homeassistant/components/select/const.py
@@ -0,0 +1,8 @@
+"""Provides the constants needed for the component."""
+
+DOMAIN = "select"
+
+ATTR_OPTIONS = "options"
+ATTR_OPTION = "option"
+
+SERVICE_SELECT_OPTION = "select_option"
diff --git a/homeassistant/components/select/manifest.json b/homeassistant/components/select/manifest.json
new file mode 100644
index 00000000000..86e8b917199
--- /dev/null
+++ b/homeassistant/components/select/manifest.json
@@ -0,0 +1,7 @@
+{
+  "domain": "select",
+  "name": "Select",
+  "documentation": "https://www.home-assistant.io/integrations/select",
+  "codeowners": ["@home-assistant/core"],
+  "quality_scale": "internal"
+}
diff --git a/homeassistant/components/select/services.yaml b/homeassistant/components/select/services.yaml
new file mode 100644
index 00000000000..edf7fb50f00
--- /dev/null
+++ b/homeassistant/components/select/services.yaml
@@ -0,0 +1,14 @@
+select_option:
+  name: Select
+  description: Select an option of an select entity.
+  target:
+    entity:
+      domain: select
+  fields:
+    option:
+      name: Option
+      description: Option to be selected.
+      required: true
+      example: '"Item A"'
+      selector:
+        text:
diff --git a/homeassistant/components/select/strings.json b/homeassistant/components/select/strings.json
new file mode 100644
index 00000000000..8e89a4faeb8
--- /dev/null
+++ b/homeassistant/components/select/strings.json
@@ -0,0 +1,3 @@
+{
+  "title": "Select"
+}
diff --git a/mypy.ini b/mypy.ini
index b21c71d172c..52c48a54035 100644
--- a/mypy.ini
+++ b/mypy.ini
@@ -682,6 +682,17 @@ no_implicit_optional = true
 warn_return_any = true
 warn_unreachable = true
 
+[mypy-homeassistant.components.select.*]
+check_untyped_defs = true
+disallow_incomplete_defs = true
+disallow_subclassing_any = true
+disallow_untyped_calls = true
+disallow_untyped_decorators = true
+disallow_untyped_defs = true
+no_implicit_optional = true
+warn_return_any = true
+warn_unreachable = true
+
 [mypy-homeassistant.components.sensor.*]
 check_untyped_defs = true
 disallow_incomplete_defs = true
diff --git a/script/hassfest/manifest.py b/script/hassfest/manifest.py
index a8e1858cad3..00110e11fbc 100644
--- a/script/hassfest/manifest.py
+++ b/script/hassfest/manifest.py
@@ -91,6 +91,7 @@ NO_IOT_CLASS = [
     "scene",
     "script",
     "search",
+    "select",
     "sensor",
     "stt",
     "switch",
diff --git a/tests/components/demo/test_select.py b/tests/components/demo/test_select.py
new file mode 100644
index 00000000000..628c173da7e
--- /dev/null
+++ b/tests/components/demo/test_select.py
@@ -0,0 +1,73 @@
+"""The tests for the demo select component."""
+
+import pytest
+
+from homeassistant.components.select.const import (
+    ATTR_OPTION,
+    ATTR_OPTIONS,
+    DOMAIN,
+    SERVICE_SELECT_OPTION,
+)
+from homeassistant.const import ATTR_ENTITY_ID
+from homeassistant.core import HomeAssistant
+from homeassistant.setup import async_setup_component
+
+ENTITY_SPEED = "select.speed"
+
+
+@pytest.fixture(autouse=True)
+async def setup_demo_select(hass: HomeAssistant) -> None:
+    """Initialize setup demo select entity."""
+    assert await async_setup_component(hass, DOMAIN, {"select": {"platform": "demo"}})
+    await hass.async_block_till_done()
+
+
+def test_setup_params(hass: HomeAssistant) -> None:
+    """Test the initial parameters."""
+    state = hass.states.get(ENTITY_SPEED)
+    assert state
+    assert state.state == "ridiculous_speed"
+    assert state.attributes.get(ATTR_OPTIONS) == [
+        "light_speed",
+        "ridiculous_speed",
+        "ludicrous_speed",
+    ]
+
+
+async def test_select_option_bad_attr(hass: HomeAssistant) -> None:
+    """Test selecting a different option with invalid option value."""
+    state = hass.states.get(ENTITY_SPEED)
+    assert state
+    assert state.state == "ridiculous_speed"
+
+    with pytest.raises(ValueError):
+        await hass.services.async_call(
+            DOMAIN,
+            SERVICE_SELECT_OPTION,
+            {ATTR_OPTION: "slow_speed", ATTR_ENTITY_ID: ENTITY_SPEED},
+            blocking=True,
+        )
+    await hass.async_block_till_done()
+
+    state = hass.states.get(ENTITY_SPEED)
+    assert state
+    assert state.state == "ridiculous_speed"
+
+
+async def test_select_option(hass: HomeAssistant) -> None:
+    """Test selecting of a option."""
+    state = hass.states.get(ENTITY_SPEED)
+    assert state
+    assert state.state == "ridiculous_speed"
+
+    await hass.services.async_call(
+        DOMAIN,
+        SERVICE_SELECT_OPTION,
+        {ATTR_OPTION: "light_speed", ATTR_ENTITY_ID: ENTITY_SPEED},
+        blocking=True,
+    )
+    await hass.async_block_till_done()
+
+    state = hass.states.get(ENTITY_SPEED)
+    assert state
+    assert state.state == "light_speed"
diff --git a/tests/components/select/__init__.py b/tests/components/select/__init__.py
new file mode 100644
index 00000000000..1e7aecea908
--- /dev/null
+++ b/tests/components/select/__init__.py
@@ -0,0 +1 @@
+"""The tests for the Select integration."""
diff --git a/tests/components/select/test_init.py b/tests/components/select/test_init.py
new file mode 100644
index 00000000000..188099164c2
--- /dev/null
+++ b/tests/components/select/test_init.py
@@ -0,0 +1,28 @@
+"""The tests for the Select component."""
+from homeassistant.components.select import SelectEntity
+from homeassistant.core import HomeAssistant
+
+
+class MockSelectEntity(SelectEntity):
+    """Mock SelectEntity to use in tests."""
+
+    _attr_current_option = "option_one"
+    _attr_options = ["option_one", "option_two", "option_three"]
+
+
+async def test_select(hass: HomeAssistant) -> None:
+    """Test getting data from the mocked select entity."""
+    select = MockSelectEntity()
+    assert select.current_option == "option_one"
+    assert select.state == "option_one"
+    assert select.options == ["option_one", "option_two", "option_three"]
+
+    # Test none selected
+    select._attr_current_option = None
+    assert select.current_option is None
+    assert select.state is None
+
+    # Test none existing selected
+    select._attr_current_option = "option_four"
+    assert select.current_option == "option_four"
+    assert select.state is None