Market Synopsis
The market for smart appliances can obtain an approx. CAGR of 17% during the forecast period (2017-2027), estimates Market Research Future (MRFR).
Market Boosters and Key Restraints
Smart home appliances can be defined as next-generation conventional home appliances that come with advanced features to receive, process and transmit information with the help of tablets, laptops, and smartphones. Surging use of appliances in homes results in higher energy consumption, which gives rise to issues for power companies to generate more electricity.
The latest report by U.S. Energy Information Administration states that worldwide energy demand is expected to surge by almost 37% by 2035. In this situation, adoption of smart home appliances can increase significantly, since they help facilitate real-time communication to use the device at low frequencies. Therefore, smart home appliances are in demand for their revolutionary control features coupled with enhanced convenience, efficiency, and security.
Smart Appliances Market future growth is inevitable, given the increasing developments in electronics and communication technologies. Also, rising purchasing power and evolving lifestyles of people are boosting the demand for smart home appliances all around the world.
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Key Players:
The key players in the market of Smart Appliances are- Samsung (South Korea), Panasonic Corp. (Japan), Whirlpool Corp. (U.S.), Haier Co. Ltd. (China), Electrolux AB (Sweden), BSH Hausgerate GmbH (Germany), LG Inc. (South Korea), General Electric Co. (U.S.), Miele & Cie. KG (Germany), Philips N.V. (Netherlands), Groupe SEB (France) among others.
Segmentation
The worldwide smart appliances market has been examined with respect to component, technology, and end-user.
Depending on the component, the market can be segregated into products and services. The product segment consists of washing machine, dishwasher, refrigerator, air conditioner, lighting devices, security devices, and others. Services segment includes professional and managed services. The professional services can be considered for repairs & maintenance, consulting, system integration, and others.
Technology-wise segments in the market are Zigbee, Wi-Fi, RFID, Bluetooth, NFC, cellular technology, Z-Wave, and others.
The Smart Appliances Market, with regard to end-user, comprises government, residential, and commercial.
Regional Analysis
The smart appliances market is spread across the primary regions of North America, Europe, Asia Pacific, along with the Rest of World (RoW).
The smart appliances market in North America is growing at a significant pace, as the region holds massive potential to satisfy the needs of people. The market growth in the past few years is the result of renowned players that are striving to ease the life of the people and also provide quality services and products. This factor helps take a huge load off of the working population in the region. North America notes acute technology penetration, especially in the United States (U.S.) and Canada.
APAC is estimated to achieve the fastest CAGR during the review period. India, South Korea, China, and Japan are the most profitable markets for smart appliances in the region. The main reason behind the fast-paced market growth in the region is the surging disposable income among the middle-income population. Moreover, competition among esteemed players in the region, based on competitive pricing as well as introduction of innovative products that are also eco-friendly will lead to vigorous growth of the market in the coming years.
Few crucial factors leading to fast development of the smart appliances market in Europe include introduction of smart meters, access to high-speed internet, favorable EU policies that backed the digital economy and energy efficiency as well as energy savings. Another factor promoting market growth is the soaring demand for smart home appliances among the tech-savvy young generation in Europe. The youth in the region are more interested in the concept of smart homes as well as connected devices, mostly on account of the convenience that such devices offer.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 Global Smart Appliances Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Appliances Market
FIGURE 4 Value Chain Of Global Smart Appliances Market
FIGURE 5 Share Of Global Smart Appliances Market In 2017, By Country (In %)
FIGURE 6 Global Smart Appliances Market, 2017-2027,
FIGURE 7 Sub Segments Of Component
FIGURE 8 Global Smart Appliances Market Size By Component , 2017
FIGURE 8 Share Of Global Smart Appliances Market By Component , 2017 TO 2027
FIGURE 9 Global Smart Appliances Market Size By Technology , 2017
FIGURE 10 Share Of Global Smart Appliances Market By Technology , 2017 TO 2027
FIGURE 11 Global Smart Appliances Market Size By Industry, 2017
FIGURE 12 Share Of Global Smart Appliances Market By Industry, 2017 TO 2027
Continued…
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Smart Appliances Market Research Report: by Component (Product & Services), Product (Dishwasher, Washing Machine, Air Conditioner, Refrigerator, Security Devices, Lighting Devices), Technology (Wi-Fi, Zigbee) and by End-user - Forecast till 2027Smart Appliances Market Size, Share and Research AnalysisSmart Appliances Market - OverviewA smart appliance is a technologically enabled device that connects to smartphone, tablets or computers and gives the more access in terms of more information and more control.
The smart appliances also send notifications to their users regarding any malfunction or any error such as dropping water pressure, or the door of the refrigerator is left opened.
These feature helps the users to make their appliance more convenient and reduce the energy cost associated with it.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1049Another feature of smart appliance is remote control.
Increasing per capita income of the people and growing knowledge about the benefits offered by the smart appliances are some of the major driving factor of the market around the globe.Key Players:The key players in the Smart Appliances Market are- Samsung (South Korea), Panasonic Corp. (Japan), Whirlpool Corp. (U.S.), Haier Co. Ltd. (China), Electrolux AB (Sweden), BSH Hausgerate GmbH (Germany), LG Inc. (South Korea), General Electric Co. (U.S.), Miele & Cie. KG (Germany), Philips N.V. (Netherlands), Groupe SEB (France) among others.Smart Appliances Global Market - SegmentationSegmentation by Technology: Wi-Fi, ZigBee, Z-Wave, Bluetooth, and NFC.Segmentation by Deployment: On cloud and on Premise.Segmentation by Type: Major Domestic Appliances (Washer, Refrigerator, Dryer, Dishwasher, Air conditioner & Freezer) & Small Domestic Appliances (Food Processors, Toasters, Coffee Makers among others)Smart Appliances Global Market - Regional AnalysisNorth America is dominating the market of smart appliances.
Presence of global players in U.S. and high per capita income of the American people is one of the major driving factor of the market in North America region.
In North America, U.S. is dominating the market accounting for more than 60% of the market.
