According to the report published by Allied Market Research, the global smart homes, buildings (energy efficient, automated) market generated $32.0 billion in 2020, and is projected to reach $78.2 billion by 2030, witnessing a CAGR of 9.4% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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COVID-19 scenario:
- Maximum companies were forced to halt their operations, owing to implementation of global lockdown. This has hampered the market growth.
- Sales of smart homes, buildings (energy efficient, automated) gadgets is directly proportional to the sales of electronic gadgets. Disrupted import & export activities led to decline in production of such gadgets, which, in turn, led to decline in growth of the smart homes, buildings (energy efficient, automated) market.
The report offers detailed segmentation of the global smart homes, buildings (energy efficient, automated) market based on application, technology, end user, and region.
By application, the energy management segment dominated the market in 2020, and is projected to remain the fastest-growing segment during the forecast period. By technology, the bluetooth segment dominated the market in 2020, and is projected to remain the fastest-growing segment during the forecast period. By region, North America dominated the global smart homes, buildings (energy efficient, automated) market in 2020, and is projected to remain the fastest-growing segment during the forecast period.
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Key players profiled in smart building, homes include Cisco Systems, Inc., Control4 Corporation, Leviton MFG. Company Inc., Schneider Electric SA, Siemens Building Technologies, United Technologies Corporation, Honeywell Scanning & Mobility, Smarthome, Inc., Emerson Electric Co., and LG Electronics Inc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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