The Global Single-Family Smart Homes Global Market Report 2021-30 by The Business Research Company describes and explains the global single-family smart homes market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Global Single-Family Smart Homes Global Market Opportunities And Strategies Report covers single-family smart homes market drivers, single-family smart homes market trends, single-family smart homes market segments, single-family smart homes market growth rate, single-family smart homes market major players, and single-family smart homes market size.
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The single-family smart homes market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Global Single-Family Smart Homes Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Energy Efficient Projects-
Smart homes companies are increasingly using green construction techniques to build energy efficient homes and reduce construction and maintenance costs of houses. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to the World Green Building Trends Survey 2018, about 47% of the surveyed companies believe that they will build around 60% of their projects using green technology by 2021. Using a smart home devices such as a smart thermostats can save as much as 30% off of energy bills. Companies in the market are also currently experimenting with sensor-equipped clothing that works with smart thermostats to automatically adjust room conditions to individuals, thus proving to be more energy-efficient when compared to traditional thermostats. Other technologies in development include devices connected to motion sensors, which can reduce electricity usage considerably.
Integration With Voice Assistants-
Companies in the smart homes market are increasingly investing in integration with voice assistants to enhance connectivity and add voice control feature to smart homes. A voice assistant is a computerized assistant that uses voice recognition, speech synthesis, and natural language processing (NLP) to provide a service through an application. Voice assistants are digital assistants that react to voice commands and reply with relevant information. They are different from traditional keyboard-based searches. They put more focus on the conversational phrasing of any content and prioritize the long tail keywords for any search. For example, Amazon and Google have launched their own voice assistants in their respective smart speakers. Smart home device companies in the market such as Canary, a smart home camera company, and Whirlpool, an appliance manufacturer, are looking to add or currently offer numerous smart home appliances that consumers can control using either Alexa or Google Assistant. These include smart home cameras which can allow users to view footage in real time; dishwashers and washing machines that can be set and started remotely by voice; and refrigerators with temperature settings that can be adjusted using a voice assistant.
The market is segmented:
By Product-
- Home Monitoring and Security
- Smart Lighting
- Entertainment
- Smart Appliances
- Combination
- Others
By Technology-
- Wi-Fi
- Bluetooth
- GSM/GPRS
- RFID
- Others
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