diff --git a/homeassistant/components/elgato/manifest.json b/homeassistant/components/elgato/manifest.json
index ebc2aca6527..91e6d09d973 100644
--- a/homeassistant/components/elgato/manifest.json
+++ b/homeassistant/components/elgato/manifest.json
@@ -3,7 +3,7 @@
   "name": "Elgato Light",
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/elgato",
-  "requirements": ["elgato==2.2.0"],
+  "requirements": ["elgato==3.0.0"],
   "zeroconf": ["_elg._tcp.local."],
   "codeowners": ["@frenck"],
   "quality_scale": "platinum",
diff --git a/requirements_all.txt b/requirements_all.txt
index bfa230041d6..f913301c031 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -599,7 +599,7 @@ ebusdpy==0.0.17
 ecoaliface==0.4.0
 
 # homeassistant.components.elgato
-elgato==2.2.0
+elgato==3.0.0
 
 # homeassistant.components.eliqonline
 eliqonline==1.2.2
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 56d1e6f0a81..e254e745101 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -382,7 +382,7 @@ dsmr_parser==0.32
 dynalite_devices==0.1.46
 
 # homeassistant.components.elgato
-elgato==2.2.0
+elgato==3.0.0
 
 # homeassistant.components.elkm1
 elkm1-lib==1.0.0