Smart Apartments Market Report 2026

The smart apartments market size has grown rapidly in recent years. It will grow from $4.16 billion in 2025 to $4.68 billion in 2026 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to historical reliance on traditional apartment construction methods, initial adoption of basic automated systems, rising consumer interest in enhanced security features, gradual incorporation of energy management technologies, steady growth in multifamily housing development.

The smart apartments market size is expected to see rapid growth in the next few years. It will grow to $7.55 billion in 2030 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increasing demand for full smart building integration, growing regulatory pressure for energy-efficient multifamily housing, rapid adoption of cloud-based automation systems, expansion of BMS use in residential properties, rising integration of wireless and sensor-based building technologies. Major trends in the forecast period include rising demand for fully integrated smart apartment ecosystems, growth in smart hvac and automated energy management adoption, increasing use of smart security and access-control solutions, rising deployment of bms-enabled multifamily buildings, expansion of app-based and cloud-controlled residential automation.

The increasing popularity of smart homes is poised to drive the future growth of the smart apartment market. Smart homes are residences equipped with interconnected devices and systems that offer remote control and automation, enhancing convenience, energy efficiency, and security for residents. Smart homes serve as a blueprint for smart apartment complexes, providing a structured approach to integrating interconnected, automated, and energy-efficient systems that elevate residents' quality of life. A 2023 survey report by TechSee Augmented Vision Ltd. indicates a rising adoption of smart home devices, with 40% of U.S. consumers already using such devices, with smart speakers (49%) and smart thermostats (32%) being the most popular. Thus, the increasing popularity of smart homes is anticipated to propel the growth of the smart apartments market.

Leading companies in the intelligent apartments market are concentrating on advanced technologies, including remote control and security monitoring, IoT-enabled systems, and automation solutions, to enhance living experiences, boost energy efficiency, and give residents greater control over their surroundings. Remote control and monitoring of security involve managing security systems, such as locks, cameras, and alarms, from a distance using digital devices like smartphones or computers. For example, in September 2024, Hitachi, Ltd., a Japan-based provider of digital systems and solutions, introduced a new IoT solution called BuilMirai for small and medium-sized buildings. This subscription-based solution is designed to improve building management efficiency, security, and comfort in smart apartments. BuilMirai allows users to remotely monitor and control building systems, contributing to enhanced energy management and operational efficiency. The solution includes an intuitive interface that simplifies the management of various building functions.

In March 2023, NRG Energy, Inc., a U.S.-based nuclear power generation company, acquired Vivint Smart Home Inc. for an undisclosed amount. Through this acquisition, NRG Energy aims to build an integrated home services platform by combining energy supply with smart home technology, enhancing customer engagement and value. Vivint Smart Home Inc. is a U.S.-based provider of integrated home security solutions tailored for apartment homes.

Major companies operating in the smart apartments market are 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 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, Control4 Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the smart apartments construction market by increasing costs of imported sensors, semiconductors, HVAC components, lighting systems, and communication modules essential for smart building automation, thereby raising construction and renovation expenses. Regions with heavy dependence on global electronics supply chainssuch as Asia-Pacific, Europe, and North Americasee the most pronounced effects. However, tariffs also encourage domestic production of smart building technologies, support local supply chains, and accelerate innovation in cost-efficient smart automation systems.

The smart apartments market research report is one of a series of new reports that provides smart apartment market statistics, including global smart apartment market size, regional shares, competitors with a smart apartment market share, detailed smart apartment market segments, market trends and opportunities, and any further data you may need to thrive in the smart apartment industry. This smart apartment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Smart apartments construction involves the process of creating, modifying, repairing, enhancing, or demolishing any smart apartment using a detailed design and plan. Smart apartments refer to multifamily properties featuring futuristic buildings equipped with advanced electronics and wireless devices. Interacting with the automated system in smart apartments typically requires a web portal or smartphone application as a user interface.

The primary product categories in smart apartments include building management systems (BMS), heating, ventilating, and air conditioning (HVAC), lighting control, security and access control, emergency alarm and evacuation systems, as well as audio and visual effects. Among these, lighting controls represent a category of smart lighting systems capable of managing the quantity, quality, and characteristics of light in a specific area. These intelligent devices contribute to reducing electricity waste and enhancing energy efficiency. Smart apartments find applications in residential areas, hotels, and various other settings.Asia-Pacific was the largest region in the smart apartments market in 2025. Africa is expected to be the fastest-growing region in the global smart apartments market during the forecast period. The regions covered in the smart apartments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart apartments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart apartments construction market includes revenues earned by entities by constructing or remodeling and renovating smart apartments. This market includes the sales of residential housing general contractors (that is new construction, remodeling, or renovating existing residential structures), for-sale builders and remodelers of residential structures, residential project construction management firms, and residential design-build firms. The smart apartment work performed includes new work, additions, alterations, maintenance, and repairs. Smart buildings use automatic processes to control the buildings' operations, such as air conditioning, lighting, security and other systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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