The Global Single-Family Smart Homes Market Report by The Business Research Company covers single-family smart homes market drivers and restraints, single-family smart homes market size, major players, and the impact of COVID-19 on the single-family smart homes market.

The single-family smart homes market consists of sales of smart appliances and their related services used in single-family homes. Smart homes are futuristic 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. The smart home appliances include smart entertainment, smart lighting, home security and smart appliances, which are controlled by sensors, timers, switches and remote controllers.

The increasing number of connected homes and growing implementation of smart home appliances including speakers, home healthcare products, lightning systems, smart kitchen, smart furniture, and HVAC control solutions is projected to contribute to the higher demand for single-family smart homes market.

The global single-family smart homes market is expected grow from $56.52 billion in 2020 to $62.3 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 market is expected to reach $114.93 billion in 2025 at a CAGR of 17%.

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Some single-family smart homes market trends include technological advancements related to the internet of things (IoT) and smart home devices. According to a report published by TrendinFocus in July 2019, a big number of users have started using IoT devices and smart homes. The global number of IoT-connected devices is projected to nearly triple from the 2018 estimates, reaching 43 billion by 2023. The newly launched smart speakers by Google Assistant and Amazon Alexa are shaping the growth of smart devices. Moreover, in December 2019, Lenovo, a Chinese multinational technology company, launched a range of smart home devices including smart bulbs, smart display and smart camera. The company aims at expanding its product portfolio in India. Therefore, technological advancement in IoT and smart home devices is expected to remain a key trend and boost the revenue for the single-family smart homes market.

Global single-family smart homes market segments include:

1) By Product: Smart Lighting, Entertainment, Smart Appliances, Others.

2) By Technology:  Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others.

3) By Software and Service: Proactive, Behavioral.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Single-Family Smart Homes Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides single-family smart homes market overviews, analyzes and forecasts market size, share, single-family smart homes market players, single-family smart homes market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The single-family smart homes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Single-Family Smart Homes Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Lennar Corporation, Meritage Homes Corporation, Metricon, Porter Davis, Henley, Carlisle, ELAN Homes (Nortek Security & Control, LLC), PULTEGROUP, INC., KB Smart Home, TRI Pointe Group, D. R. Horton, Belmar Builders Inc., Loxone, Plantation Homes.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The single-family smart homes Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The single-family smart homes Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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Global Single-Family Smart Homes Market – By Product (Home Monitoring And Security, Smart Lighting, Entertainment, Smart Appliances, Combination, Others), By Technology (Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others), And By Region, Opportunities, Trends And Strategies – Global Forecast To 2030