The Business Research Company published its Smart Apartments Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Smart Apartments market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the smart apartments market’s segments- 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.
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Smart Apartments Global Market Report 2020 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.
The global smart apartments market is expected to decline from $2.09 billion in 2019 and to $1.84 billion in 2020 at a compound annual growth rate (CAGR) of -12.26%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $2.47 billion in 2023 at a CAGR of 10.45%.
The concept of using an apartment as a service (AaaS) is the latest trend driving the smart apartments market. In AaaS, fully furnished smart apartments are rented for very short to long periods of stays. They offer a cost-effective solution for tenants to live in a smart apartment. Using AaaS enables rental operators to streamline their operations and costs, thus enhancing the residents’ experience and discovering new revenue streams for the owner.
Few Points From Table Of Content
- Executive Summary
- Smart Apartments Market Characteristics
- Smart Apartments Market Size And Growth
- Smart Apartments Market Segmentation
- Smart Apartments Market Regional And Country Analysis
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- Smart Apartments Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Smart Apartments Market
- Smart Apartments Market Trends And Strategies
- Smart Apartments Market Future Outlook and Potential Analysis
- Appendix
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Few Points From List Of Tables
Table 1: Global Historic Market Growth, 2015-2019, $ Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Table 3: Global Smart Apartments Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Table 4: Global Smart Apartments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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Table 26: Meritage Homes Financial Performance
Table 27: Shea Homes Financial Performance
Table 28: Lennar Homes Financial Performance
Table 29: Metricon Financial Performance
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