Press release
Future Perspectives: Key Trends Shaping the Smart Apartments Market Up to 2030
Smart Apartments Market
Projected Growth Trajectory of the Smart Apartments Market
The smart apartments market is set to expand significantly, reaching a value of $7.55 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 12.7% over the forecast period. Factors contributing to this expansion include the increasing demand for fully integrated smart building systems, stricter regulations promoting energy-efficient multifamily housing, and the swift adoption of cloud-based automation technologies. Additionally, the growing implementation of Building Management Systems (BMS) in residential settings and the integration of wireless and sensor-driven building technologies are key growth drivers. Emerging trends such as the rise of smart HVAC systems, automated energy management, smart security, access control solutions, and app-based residential automation also support this upward trajectory.
Download a free sample of the smart apartments market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5481&type=smp
Key Drivers Accelerating Smart Apartments Market Growth
One major factor propelling the smart apartments market is the rising need for comprehensive smart building integration. Residents and property managers are seeking seamless, interconnected systems that enhance convenience, security, and energy efficiency throughout apartment complexes. This trend is amplified by regulatory pressures pushing for greener and more sustainable housing developments.
Another significant influence is the rapid uptake of cloud-based automation platforms and wireless sensor technology. These advancements allow real-time monitoring and control of building functions, improving operational efficiency and resident comfort. The increasing use of smart HVAC and energy management solutions, along with enhanced security and access control systems, is also instrumental in driving market expansion.
Leading Corporations Influencing the Smart Apartments Landscape
A number of prominent companies steer the smart apartments market today, including Amazon.com Inc., Leviton Manufacturing Co. Inc., Apple Inc., Google LLC, Samsung Electronics Co. Ltd, Honeywell International Inc., Lennar Corporation, Schneider Electric SE, August Home, Asea Brown Boveri Ltd, Pulte Group Inc., Rachio Inc., Meritage Homes Corporation, Logitech International S.A., Yale, Crestron Electronics Inc., Vivint Smart Home Inc., Somfy Group, Metricon Homes LLC, Netatmo, Savant Systems LLC, Ecobee Inc., Lutron Electronics Co. Inc., Porter Davis Homes, Shea Homes, Henley Properties, Tado GmbH, Philips Hue, and Control4 Corporation.
A notable development occurred in March 2023 when NRG Energy, Inc., a US-based nuclear electric power producer, acquired Vivint Smart Home Inc. This acquisition aims to merge energy supply services with smart home technology, creating an integrated platform to increase customer engagement and deliver enhanced value. Vivint Smart Home Inc. specializes in providing integrated home security solutions designed specifically for apartment communities.
View the full smart apartments market report:
https://www.thebusinessresearchcompany.com/report/smart-apartments-global-market-report
Innovations and Emerging Trends in the Smart Apartments Market
Industry leaders in smart apartments are concentrating on advanced technology solutions such as remote security control, IoT-enabled systems, and automation to elevate resident experiences. Remote control and monitoring involve managing security devices like locks, cameras, and alarms through digital tools such as smartphones or computers, offering users greater convenience and peace of mind.
For example, in September 2024, Hitachi, Ltd., a Japan-based technology company, introduced the BuilMirai IoT solution tailored for small and medium-sized buildings. This subscription-based platform enhances building management by enabling remote control and monitoring, improving security, operational efficiency, and user comfort. Its user-friendly interface simplifies the management of diverse building functions, making it a valuable tool for smart apartments.
Core Segments Driving Market Dynamics in the Smart Apartments Industry
The smart apartments market is broadly segmented by product, technology, and application.
By product, key categories include Building Management Systems (BMS), Heating, Ventilating, and Air Conditioning (HVAC), Lighting Control, Security and Access Control, Emergency Alarm and Evacuation Systems, and Audio and Visual Effects.
Technology-wise, the market covers Wi-Fi, Bluetooth, GSM/GPRS, RFID, and other emerging technologies.
In terms of application, the primary sectors are residential, hotel, and other miscellaneous uses.
Further subdivisions detail specific components such as energy, water, fire safety, and security management within BMS; smart thermostats, vents, and zoning within HVAC; smart bulbs, dimming, and motion sensors in lighting control; smart locks, cameras, and alarms for security; as well as fire alarms, emergency lights, and evacuation systems under emergency alarms. Audio and visual effects include home theater setups, multi-room audio, and smart TVs.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow 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
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering 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 Future Perspectives: Key Trends Shaping the Smart Apartments Market Up to 2030 here
News-ID: 4381646 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Water and Sewer Line and Related …
The construction sector associated with water and sewer lines, along with related infrastructure, is on track for steady expansion as it responds to evolving demands and technological advancements. This market is set to grow significantly, driven by factors such as sustainability initiatives and infrastructure modernization. Below is a detailed overview of the market's size, key players, emerging trends, and the main segments propelling growth.
Projected Market Value of the Water and…
Top Companies and Market Competition in the Wooden Formwork Systems Industry
The wooden formwork systems market is positioned for significant expansion in the coming years, driven by technological advancements and growing demand across various construction sectors. Innovations such as automation, eco-friendly materials, and smart monitoring are reshaping the landscape, offering promising opportunities for industry players and stakeholders alike.
Projected Market Growth for Wooden Formwork Systems by 2030
The wooden formwork systems market is anticipated to reach a valuation of $9.7 billion by…
Market Trend Analysis: The Impact of Recent Innovations on the Automotive Overhe …
The automotive overhead console market is on track for significant growth in the coming years, driven by technological advancements and evolving consumer preferences in vehicle interiors. This sector is rapidly adapting to new trends like smart cockpit integration and enhanced passenger comfort, positioning itself for a promising future. Let's explore the market's size, main players, emerging trends, and key segments in detail.
Projected Growth and Size of the Automotive Overhead Console…
Leading Companies Reinforce Their Presence in the Smart Nano-Construction Materi …
The smart nano-construction materials sector is gaining considerable attention as construction industries worldwide seek advanced, efficient, and sustainable building solutions. Innovations in this field promise to transform traditional construction methods by integrating cutting-edge technology and eco-friendly components. Let's explore the market's expected growth, key players, prevailing trends, and the main segments shaping its future.
Projected Market Size and Growth of the Smart Nano-Construction Materials Market
The smart nano-construction materials market is…
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…
