Press release
Rising Demand For Single-Family Smart Homes Drives Connected Devices And Smart Appliances: Critical Driver Shaping the Single-Family Smart Homes Market in 2025
Single-Family Smart Homes Market Size
Single-Family Smart Homes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market value of single-family smart homes has seen a swift expansion in the past few years. There is a projection for it to rise from $116.9 billion in 2024 to $137.99 billion in 2025, with an anticipated compound annual growth rate (CAGR) of 18.0%. The notable growth during the earlier period can be credited to the robust economic development in budding markets, the condition of low-interest rates, and a surge in internet accessibility.
Single-Family Smart Homes Market Size Forecast: What's the Projected Valuation by 2029?
The market of smart homes for single-family is projected to witness exponential growth in the coming years, scaling up to $270.19 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 18.3%. The projected escalation during the forecasted timeframe can be ascribed to factors such as urbanization, an increase in IoT, and a surge in the elderly population. The forecast period will be shaped by major trends such as the adoption of eco-friendly construction and energy-saving methods, investment in voice assistant integration, security solution investments, the use of artificial intelligence and robotics, application of predictive analysis techniques, and capital injected into smart switches and display.
View the full report here:
https://www.thebusinessresearchcompany.com/report/single-family-smart-homes-global-market-report
What Are the Drivers Transforming the Single-Family Smart Homes Market?
The surge in connected homes and the expanding use of smart home gadgets such as speakers, home healare items, lighting systems, smart kitchens, smart furniture, and HVAC control systems are expected to add to the growing demand for the single-family smart homes market. For example, as per Eurostat, a government agency based in Luxembourg, as of September 2023, 72% of internet users in Europe had used internet-connected devices or systems like smart home appliances, security systems, and personal health monitoring devices in 2022. Furthermore, in the same year, 64% of internet users interacted with smart home entertainment options such as internet-connected TVs, gaming consoles, home audio systems, and smart speakers. Consequently, the escalating usage of smart home appliances, alongside the rise in connected homes around the world, is expected to stimulate the demand for the single-family smart home market in the foroming period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3798&type=smp
What Long-Term Trends Will Define the Future of the Single-Family Smart Homes Market?
Prominent businesses in the single-family smart homes market are concentrating on revolutionary products such as the connected home product suite to respond more effectively to their current consumers' requirements. This set of smart appliances and gadgets, often connected to the internet, are designed to work together and construct a smart home ambiance, and can be controlled remotely using smartphones or other such devices. For example, Resideo Technologies, a US-based company engaged in manufacturing and distributing residential and building-oriented technology products, introduced the Honeywell Home T10+ Smart Thermostat Kits in April 2023. These kits, which are sophisticated home climate management systems, aims to boost Indoor Air Quality (IAQ) and overall comfort, improving upon its predecessor with advanced features for managing IAQ. This innovative thermostat is powered by Resideo's exclusive RedLINK 3.0 technology, enabling concurrent control of humidification, dehumidification, and ventilation mechanisms.
Which Segments in the Single-Family Smart Homes Market Offer the Most Profit Potential?
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
Subsegments:
1) By Home Monitoring And Security: Smart Cameras And Video Doorbells, Motion Sensors And Alarms, Smart Locks And Access Control Systems
2) By Smart Lighting: Smart Bulbs And Fixtures, Lighting Control Systems, Automated Lighting Schedules And Scenes
3) By Entertainment: Smart Speakers And Audio Systems, Streaming Devices And Smart TVs, Home Theater Systems
4) By Smart Appliances: Smart Refrigerators, Smart Ovens And Cooking Appliances, Smart Thermostats And HVAC Systems
5) By Combination: Integrated Smart Home Systems, Packages That Include Multiple Smart Products
6) By Other Products: Smart Blinds And Shades, Smart Irrigation Systems, Home Health Monitoring Devices
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3798&type=smp
Which Firms Dominate the Single-Family Smart Homes Market by Market Share and Revenue in 2025?
Major companies operating in the single-family smart homes market include 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, Habitat for Humanity, International Cooperative Alliance, Smart home building contracting LLC, Simpletech, Qi Systems
Which Regions Offer the Highest Growth Potential in the Single-Family Smart Homes Market?
Asia-Pacific was the largest region in the single-family smart homes market in 2024. 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
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3798
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Demand For Single-Family Smart Homes Drives Connected Devices And Smart Appliances: Critical Driver Shaping the Single-Family Smart Homes Market in 2025 here
News-ID: 4108128 • Views: …
More Releases from The Business Research Company
Rise in High-Rise And Supertall Constructions Fueling The Growth Of The Market D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Building Maintenance Unit (BMU) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the building maintenance unit market has significantly escalated in the past few years. It is projected to increase from $3.16 billion in 2024 to $3.44 billion in 2025, with a…
Future of the Blasting Mats Market: Trends, Innovations, and Key Forecasts Throu …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Blasting Mats Market Size Growth Forecast: What to Expect by 2025?
In recent times, the blasting mats market size has seen robust growth. The market is forecasted to expand from $1.26 billion in 2024 to $1.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. This…
Belt Loader Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insigh …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Belt Loader Market Size By 2025?
The market size of belt loader has experienced significant growth in the past few years. The prediction is that it will rise from $1.01 billion in 2024 to $1.08 billion in 2025, registering a compound annual growth rate (CAGR)…
Global Aviation IoT Market Projected to Grow at 20.6% CAGR, Reaching $19.34 Bill …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Aviation IoT Industry Market Size Be by 2025?
In the recent past, the market size of aviation IoT has witnessed massive growth. It is projected that the market will expand from $7.55 billion in 2024 to $9.13 billion in 2025, indicating a compound annual growth rate…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
