Overview and Scope
Single-family smart homes are futuristic single-family buildings equipped with advanced electronics and wireless devices. The smart home system requires a web portal or smartphone application to interact with the automated system as a user interface.
Sizing and Forecast
The single-family smart homes market size has grown rapidly in recent years. It will grow from $99.14 billion in 2023 to $117.28 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, low interest rate environment, and increase in internet penetration.
The single-family smart homes market size is expected to see rapid growth in the next few years. It will grow to $226.28 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to urbanization, increasing iot, and rising geriatric population . Major trends in the forecast period include adopting green construction and energy efficient techniques, investing in integration with voice assistants, investing in security solutions, adopting artificial intelligence and robotics, utilizing predictive analytics techniques, and investing in smart switches and displays.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/single-family-smart-homes-global-market-report
Segmentation & Regional Insights
The single-family smart homes market covered in this report is segmented –
1) By Product: Home Monitoring And Security, Smart Lighting, Entertainment, Smart Appliances, Combination, Other Products
2) By Software and Service: Proactive, Behavioral
3) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Other Technologies
Asia-Pacific was the largest region in the single-family smart homes market in 2023. Eastern Europe is expected to be the fastest-growing region in the global single-family smart homes market during the forecast period. The regions covered in the single-family smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3798&type=smp
Major Driver Impacting Market Growth
The increasing number of connected homes and the growing implementation of smart home appliances, including speakers, home healthcare products, lightning systems, smart kitchens, smart furniture, and HVAC control solutions, is projected to contribute to the higher demand for the single-family smart homes market. According to the smart home statistics of 2021, 57% of homes in Britain contain a smart device, and 23% of Britain, that is 66.44 million people, have a smart item. In addition, in the UK, there are 2.22 million smart homes. Therefore, the increasing implementation of smart home appliances together with a growing number of connected homes across the globe is anticipated to boost the demand for the single-family smart home market over the forecast period.
Key Industry Players
Major companies operating in the single-family smart homes market report are Lennar Corporation, PulteGroup, Inc., Meritage Homes Corporation, KB Smart Home, TRI Pointe Group Inc., Shea Homes, Metricon, McGuyer Homebuilders, Inc., Porter Davis, Henley and home automation, Carlisle and home automation, Plantation homes, Tianjin Quick Smart House Co.Ltd, Larsen & Toubro, Gera Developments Company, Panchshil developers, Daiwa House Industry Co, Ltd, Kier Group plc, ELAN home, Loxone, Belmar Builders, D.R. Horton, Toll Brothers, Taylor Morrison, Ryan Homes, Ashton Woods, Lennar homes, Habitat for Humanity, International Cooperative Alliance, The Brazilian Association Of Real Estate Loans And Savings Companies, Smart home building contracting LLC, Simpletech, Qi Systems
The single-family smart homes market report table of contents includes:
1. Executive Summary
2. Single-Family Smart Homes Market Characteristics
3. Single-Family Smart Homes Market Trends And Strategies
4. Single-Family Smart Homes Market – Macro Economic Scenario
5. Global Single-Family Smart Homes Market Size and Growth
…
32. Global Single-Family Smart Homes Market Competitive Benchmarking
33. Global Single-Family Smart Homes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Single-Family Smart Homes Market
35. Single-Family Smart Homes Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
