Global
smart
home appliances market is anticipated to witness an exponential growth
in the forecast period. Smart home appliances provide connectivity via diverse
interactive wireless procedures such as Wi-Fi, Bluetooth, and NFC. They are
mostly connected through microcontrollers. The factors that propel the growth
of the market include increasing acceptance of IoT and rising demand for smart
homes, improving the lifestyle of people, technological advancements,
development in electronics and communication technologies, and increasing buying
power.
On
the other hand, there are factors that may hamper the growth of the market
including the high cost of appliances and lack of consciousness regarding the
use of sophisticated appliances and technologies. Smart home appliances market
is anticipated to expand at a significant CAGR of 50.24% in the upcoming period
as the scope, product types, and its applications are increasing across the
globe.
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The
market could be explored by product type, technology, application and
geography. The market could be explored by product type as Refrigerator,
Washing machine, Air conditioner, and Dishwasher. The “Refrigerator” segment
led the smart home appliances market in 2017 and will continue to lead in the
forecast period. The key factors that may be attributed to the growth of market
includes increased innovation in terms of technology and high usage in homes.
Based
on technology, the market could span Radio Frequency Identification (RFID),
Wi-Fi, ZigBee, Bluetooth, Cellular Technology, Z Wave, EnOcean, HomeRF, and
Insteon. The “Wi-Fi” segment led the market in 2017 and will continue to lead
in the forecast period. The key factors that may be attributed to the growth of
market includes an effective technology to work a large number of home
appliances from isolated locations. The key applications that could be explored
in the smart home appliances market include Commercial and Residential.
North
America accounted for the major share of the smart home appliances market in
2017 and will continue to lead in the forecast period. The factors that could
be attributed to the growth include strong research and development in the
field, high presence of a large number of industrial companies, penetration of
Internet of Things and others. North America is followed by Asia-Pacific region
owing to increasing consciousness among individual, growth of technology in the
region, and rising demand of smart home appliances, rising disposable income
has led to change lifestyle among individuals.
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Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Smart Home Appliances in these regions, from 2013 to 2025
(forecast), covering
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
Taiwan
Global Smart Home Appliances market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Samsung
•
BSH
•
GE
•
Whirlpool
•
LG
•
Electrolux
•
Panasonic
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Smart Air-Con and Heater
•
Smart Washing and Drying
•
Smart Refrigerator
•
Smart Large Cookers
•
Smart Dishwashers
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