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Smart Apartments Market 2022 - Analysis And In-Depth Research On Market Size, Latest Trends, Emerging Growth Factors And Forecast To 2031
Smart Apartments Market
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The global smart apartments market report by the business research company the smart apartment market is driven by the increased use of IoT (Internet of Things) devices by people in every aspect of their daily routine o be a major growth driver for the Smart Apartments market. IoT involves sending and receiving data through a network of sensors, appliances, meters, and other devices. IoT-enabled sensors and devices are used to increase the efficiency of the appliances in a smart apartment, making it more efficient, sustainable, and safer. For example, 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 apartment market.
The global smart apartments market grew from $2.29 billion in 2021 to $2.67 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The smart apartments market is expected to grow to $4.71 billion in 2026 at a CAGR of 15.3%.
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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.
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 and Siemens; Legrand SA.
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
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The Smart Apartments Market Report Contents Include
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
....
26. Africa Smart Apartments Market
27. Smart Apartments Market Competitive Landscape And Company Profiles
28. Smart Apartments Pipeline Analysis
29. Key Mergers And Acquisitions In The Smart Apartments Market
30. Smart Apartments Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Smart Apartments market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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