All updated as on -
By 2023, the market for smart home appliances is projected to be worth $39.39 billion, growing at a CAGR of 20.6% between 2023 and 2030.
The term "smart home appliances" refers to the next generation of standard home appliances that have been upgraded with cutting-edge technologies for receiving, processing, and transmitting data via mobile devices. The increased demand for electricity from houses with many appliances has made it difficult for utilities to meet demand. The U.S. Energy Information Administration predicts a 37% rise in worldwide energy demand by 2035. In this case, more people would buy smart home appliances because they allow for instantaneous communication, making it easier to use the appliance at low frequencies or move its use to off-peak times. As a result, smart home appliances provide new control features for both consumers and service providers, as well as improved ease of use, safety, and productivity.
The COVID-19 epidemic had a significant effect on the economy. Consumers are still trying to grasp the societal and economic ramifications of the pandemic. The growing acceptance of online and e-commerce purchases, however, bodes well for the industry's prospects over the projection horizon.Numerous homeowners are fixing up their spaces or starting from scratch. Many businesses have seen an increase in renovation work as a result of the pandemic.
Brands are paying more attention to their demographic and adapting their marketing techniques to compete for consumers' attention as the market expands. Due to the widespread spread of the coronavirus, most businesses in the industry have shifted their marketing efforts to the internet, where they can reach a far larger audience through channels like Facebook, YouTube, and Instagram.
Market expansion is being aided by technological advancements implemented in residential settings.To accommodate the laid-back routines of tech-savvy consumers, appliance makers are always innovating new and improved smart home gadgets. Smart home automation and other cutting-edge technologies have also been developed by other brands. Millennials are a target demographic for AI-driven smart home products like digital smart dials and voice-controlled lights with programmable features.
The rising price of electricity is a serious issue for homeowners. A recent research by Hawaiian Electric found that common household equipment like air conditioners, water heaters, refrigerators, lights, and home theater systems use up a disproportionate share of the island's electricity supply. See how much it would cost to run these appliances for a family of four in the following graph. As a result of these price hikes, families are looking for ways to reduce their energy consumption. The emergence of interoperable "smart" home appliances offers a promising response to this problem. Therefore, in an effort to cut down on their utility bills, many are investing in smart home gadgets.
Next-generation connected appliances, or "smart home appliances," are designed to take instructions from a remote control or to interact with other devices in a network to perform a variety of tasks without human intervention. Home appliances such as refrigerators, ovens, air conditioners, stoves, washing machines, vacuum cleaners, and so on can all be controlled by the user through the use of "connected devices," which is a relatively new concept.
This report analyzes opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and more in the global smart home appliances market. Contact Data Bridge industry Research for an Analyst Brief on the smart home appliances industry, and we'll show you how to make educated business decisions that will boost that sector.
Report Coverage
Global Smart Home Appliances research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Home Appliances report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Home Appliances competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Home Appliances market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Home Appliances market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Home Appliances market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SAMSUNG, BSH Home, General Electric Company, Whirlpool Corporation, LG Electronics., AB Electrolux, Panasonic Corporation, Miele & Cie. KG, Koninklijke Philips N.V., IRobot India., ECOVACS, Neato Robotics, Inc., ABB, Midea Group, Legrand, Siemens, Haier Group, Emerson Electric Co., Google LLC, Robert Bosch GmbH, among other
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Home Appliances market based on the below-mentioned segments:
Global Smart Home Appliances Market, By Product Type
Washing machine
Refrigerator
Dishwasher
Air conditioner
Others
Global Smart Home Appliances market, By Technology
Wi-Fi
Radio Frequency Identification (RFID)
Cellular technology
ZigBee
Bluetooth
Others
Global Smart Home Appliances market, Regional Analysis
The term "smart home appliances" refers to the next generation of standard home appliances that have been upgraded with cutting-edge technologies for receiving, processing, and transmitting data via mobile devices. The increased demand for electricity from houses with many appliances has made it difficult for utilities to meet demand. The U.S. Energy Information Administration predicts a 37% rise in worldwide energy demand by 2035. In this case, more people would buy smart home appliances because they allow for instantaneous communication, making it easier to use the appliance at low frequencies or move its use to off-peak times. As a result, smart home appliances provide new control features for both consumers and service providers, as well as improved ease of use, safety, and productivity.
The COVID-19 epidemic had a significant effect on the economy. Consumers are still trying to grasp the societal and economic ramifications of the pandemic. The growing acceptance of online and e-commerce purchases, however, bodes well for the industry's prospects over the projection horizon.Numerous homeowners are fixing up their spaces or starting from scratch. Many businesses have seen an increase in renovation work as a result of the pandemic.
Brands are paying more attention to their demographic and adapting their marketing techniques to compete for consumers' attention as the market expands. Due to the widespread spread of the coronavirus, most businesses in the industry have shifted their marketing efforts to the internet, where they can reach a far larger audience through channels like Facebook, YouTube, and Instagram.
Market expansion is being aided by technological advancements implemented in residential settings.To accommodate the laid-back routines of tech-savvy consumers, appliance makers are always innovating new and improved smart home gadgets. Smart home automation and other cutting-edge technologies have also been developed by other brands. Millennials are a target demographic for AI-driven smart home products like digital smart dials and voice-controlled lights with programmable features.
The rising price of electricity is a serious issue for homeowners. A recent research by Hawaiian Electric found that common household equipment like air conditioners, water heaters, refrigerators, lights, and home theater systems use up a disproportionate share of the island's electricity supply. See how much it would cost to run these appliances for a family of four in the following graph. As a result of these price hikes, families are looking for ways to reduce their energy consumption. The emergence of interoperable "smart" home appliances offers a promising response to this problem. Therefore, in an effort to cut down on their utility bills, many are investing in smart home gadgets.
Next-generation connected appliances, or "smart home appliances," are designed to take instructions from a remote control or to interact with other devices in a network to perform a variety of tasks without human intervention. Home appliances such as refrigerators, ovens, air conditioners, stoves, washing machines, vacuum cleaners, and so on can all be controlled by the user through the use of "connected devices," which is a relatively new concept.
This report analyzes opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and more in the global smart home appliances market. Contact Data Bridge industry Research for an Analyst Brief on the smart home appliances industry, and we'll show you how to make educated business decisions that will boost that sector.
Report Coverage
Global Smart Home Appliances research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Home Appliances report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Home Appliances competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Home Appliances market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | SAMSUNG, BSH Home, General Electric Company, Whirlpool Corporation, LG Electronics., AB Electrolux, Panasonic Corporation, Miele & Cie. KG, Koninklijke Philips N.V., IRobot India., ECOVACS, Neato Robotics, Inc., ABB, Midea Group, Legrand, Siemens, Haier Group, Emerson Electric Co., Google LLC, Robert Bosch GmbH, among other |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Smart Home Appliances Market from 2021 to 2030.
- Market Forecast for Smart Home Appliances Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Smart Home Appliances competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Smart Home Appliances
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Home Appliances market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Home Appliances market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SAMSUNG, BSH Home, General Electric Company, Whirlpool Corporation, LG Electronics., AB Electrolux, Panasonic Corporation, Miele & Cie. KG, Koninklijke Philips N.V., IRobot India., ECOVACS, Neato Robotics, Inc., ABB, Midea Group, Legrand, Siemens, Haier Group, Emerson Electric Co., Google LLC, Robert Bosch GmbH, among other
Primary Target Market
- Market Players of Smart Home Appliances
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Home Appliances market based on the below-mentioned segments:
Global Smart Home Appliances Market, By Product Type
Washing machine
Refrigerator
Dishwasher
Air conditioner
Others
Global Smart Home Appliances market, By Technology
Wi-Fi
Radio Frequency Identification (RFID)
Cellular technology
ZigBee
Bluetooth
Others
Global Smart Home Appliances market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the smart home appliances market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.