Smart Apartments Global Market Report 2022 - By Product (Building Management System (BMS), Heating, Ventilating, And Air Conditioning (HVAC), Lighting Control, Security And Access Control, Emergency Alarm And Evacuation System, Audio And Visual Effects), By Application (Residential, Hotel) - Market Size, Trends, And Global Forecast 2022 – 2026

Starting Price : $4000.00 | Pages : 250 | Published : December 2021 | SKU CODE : 7539 | Delivery Time: 2-3 business days | Format :


The smart apartments market consists of sales of smart apartments and related services. Smart apartments have connectivity to smart amenities such as smart lights, smart locks, integrated services like home cleaning within an apartment. The smart apartment comprises smart devices such as smart locks, smart thermostats, smart lights, smart TVs, blinds, cameras and kitchen appliances. A smart apartment also involves the use of technology that can be reprogrammed frequently based on the resident's lease agreements.

The main types of products in smart apartments are building management system (BMS), heating, ventilating, and air conditioning (HVAC), lighting control, security and access control, emergency alarm and evacuation system, and audio and visual effects. Lighting controls are a class of smart lighting systems that can manage the amount, quality, and characteristics of light in a specific area. These smart devices help to reduce electricity waste while also boosting energy efficiency. Smart apartments are used in residential, hotels, and others.

The global smart apartments market size is expected to grow from $2.29 billion in 2021 to $2.67 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. The growth in the smart apartments market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart apartments market is expected to reach $4.71 billion in 2026 at a CAGR of 15.3%.

The smart apartments market is driven by the increased use of IoT (Internet of Things) devices by people in every aspect of their daily routine. IoT involves sending and receiving data by a network of sensors, appliances, meters and other devices. The IoT-enabled sensors and devices are used to increase the efficiency of the appliances in a smart apartment making it more efficient, sustainable, safer such as a few IoT-enabled sensors are capable of automatically turning the lights on after sensing the presence in a room thus adding a distinctive attribute to the smart apartments. Thus, the increased adoption of IoT technology boosts the growth of the smart apartments market. For instance, the global spending on IoT across markets grew 12.1% in 2020 to $128.9 billion. Thus, the increased demand for IoT devices that help ease the lifestyle boosts the growth of the smart apartments market.

The risk of potential cyber-attack leading to a breach in privacy restricts the growth of the smart apartments market. A smart apartment uses a complex network of devices connected over the internet that uses sensors and controllers which are used to control the ventilation systems, heating systems, lighting, water, video surveillance systems, alarms, and other critical functions. Thus, any security breach caused due to malicious cyber-attack affects the remote monitoring of temperature, system performance, and other variables of a smart building and intruding privacy of the residents. Any breach in cybersecurity of a smart apartment may result in the exploitation of remote access privileges to gain access to the facility. For instance, in 2019, a lawsuit was filed against Ring, a USA-based Amazon-owned provider of home security and smart home, where the plaintiff claimed that his Ring smart video doorbell was hacked by a hacker from outside. The hacker used it to communicate with the plaintiff's family members. The incident raises issues regarding the safety of smart appliances installed in smart residential buildings. Thus, the growth of the smart apartments market is restricted by the risk of cyber-attack causing privacy breach.

The concept of using an Apartment as a Service (AaaS) is the latest trend driving the smart apartments market. In the apartment as a service concept, fully furnished smart apartments are rented for very short to long periods of stays. It helps to offer a cost-effective solution for tenants to live in a smart apartment. Using apartment as a service enables the rental operators to streamline their operations and costs thus enhancing the resident’s experience and discovering new revenue streams for the owner. For instance, as reported by Entrata, a USA based provider of property management software, in the USA, almost 57% of apartment tenants can pay up to $20 per month if smart technology was installed in an apartment.

In 2019, Control4 Corporation, a USA-based provider of automation and networking systems for homes and businesses, acquired NEEO for an undisclosed amount. Through the acquisition, Control4 Corporation aims to expand its product line by adding remotes, touch panels, keypads, and other smart home devices from NEEO’s product portfolio. NEEO is a Switzerland based provider of home automation, electronics, consumer electronics, and smart home automation.

Major players in the smart apartments market are Johnson Controls, ABB Ltd., Siemens AG, Honeywell International Inc., Hitachi, IBM, Schneider Electric, Hewlett-Packard, TYCO International, Siemens, Legrand SA.

Asia Pacific is the largest region in the smart apartments market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the smart apartments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smart apartments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The global smart apartments market is segmented -

1) By Product: Building Management System (BMS), Heating, Ventilating, And Air Conditioning (HVAC), Lighting Control, Security And Access Control, Emergency Alarm And Evacuation System, Audio And Visual Effects

2) By Application: Residential, Hotel, Other

    Table Of Contents

    1. Executive Summary

    2. Smart Apartments Market Characteristics

    3. Smart Apartments Market Trends And Strategies

    4. Impact Of COVID-19 On Smart Apartments

    5. Smart Apartments Market Size And Growth

    5.1. Global Smart Apartments Historic Market, 2016-2021, $Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Apartments Forecast Market, 2021-2026F, 2031F, $Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart Apartments Market Segmentation

    6.1. Global Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    Building Management System (BMS)

    Heating, Ventilating, And Air Conditioning (HVAC)

    Lighting Control

    Security And Access Control

    Emergency Alarm And Evacuation System

    Audio And Visual Effects

    6.2. Global Smart Apartments Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    Residential

    Hotel

    Other

    7. Smart Apartments Market Regional And Country Analysis

    7.1. Global Smart Apartments Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    7.2. Global Smart Apartments Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    8. Asia-Pacific Smart Apartments Market

    8.1. Asia-Pacific Smart Apartments Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    9. China Smart Apartments Market

    9.1. China Smart Apartments Market Overview

    9.2. China Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$Billion

    10. India Smart Apartments Market

    10.1. India Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    11. Japan Smart Apartments Market

    11.1. Japan Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    12. Australia Smart Apartments Market

    12.1. Australia Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    13. Indonesia Smart Apartments Market

    13.1. Indonesia Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    14. South Korea Smart Apartments Market

    14.1. South Korea Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    15. Western Europe Smart Apartments Market

    15.1. Western Europe Smart Apartments Market Overview

    15.2. Western Europe Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    16. UK Smart Apartments Market

    16.1. UK Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    17. Germany Smart Apartments Market

    17.1. Germany Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    18. France Smart Apartments Market

    18.3. France Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    19. Eastern Europe Smart Apartments Market

    19.1. Eastern Europe Smart Apartments Market Overview

    19.2. Eastern Europe Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    20. Russia Smart Apartments Market

    20.1. Russia Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    21. North America Smart Apartments Market

    21.1. North America Smart Apartments Market Overview

    21.2. North America Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    22. USA Smart Apartments Market

    22.1. USA Smart Apartments Market Overview

    22.2. USA Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    23. South America Smart Apartments Market

    23.1. South America Smart Apartments Market Overview

    23.2. South America Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    24. Brazil Smart Apartments Market

    24.1. Brazil Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    25. Middle East Smart Apartments Market

    25.1. Middle East Smart Apartments Market Overview

    25.2. Middle East Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    26. Africa Smart Apartments Market

    26.1. Africa Smart Apartments Market Overview

    26.2. Africa Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion

    27. Smart Apartments Market Competitive Landscape And Company Profiles

    27.1. Smart Apartments Market Competitive Landscape

    27.2. Smart Apartments Market Company Profiles

    27.2.1. Pulte Group

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Meritage Homes

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Shea Homes

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Lennar Homes

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Metricon

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart Apartments Market

    29. Smart Apartments Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $Billion
  • Table 3: Global Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 4: Global Smart Apartments Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 5: Global Smart Apartments Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 6: Global Smart Apartments Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 7: Asia-Pacific, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 8: China, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 9: India, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 10: Japan, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 11: Australia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 12: Indonesia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 13: South Korea, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 14: Western Europe, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 15: UK, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 16: Germany, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 17: France, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 18: Eastern Europe, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 19: Russia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 20: North America, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 21: USA, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 22: South America, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 23: Brazil, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 24: Middle East, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 25: Africa, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $Billion
  • Table 26: Pulte Group Financial Performance
  • Table 27: Meritage Homes Financial Performance
  • Table 28: Shea Homes Financial Performance
  • Table 29: Lennar Homes Financial Performance
  • Table 30: Metricon Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Smart Apartments Market, Segmentation  By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Smart Apartments Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Smart Apartments Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Smart Apartments Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: China, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: India, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: Japan, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Australia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: South Korea, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: UK, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: Germany, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: France, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Russia, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: North America, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: USA, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: South America, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: Brazil, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Middle East, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Africa, Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Pulte Group Financial Performance
  • Figure 27: Meritage Homes Financial Performance
  • Figure 28: Shea Homes Financial Performance
  • Figure 29: Lennar Homes Financial Performance
  • Figure 30: Metricon Financial Performance
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