Global Smart Home Appliances Market Research Report

 

Global Smart Home Appliances Market

The GMI Research forecasts that the Smart Home Appliances Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising home improvement projects and Increasing spending on home remodeling.

Request a free sample of this report

Introduction of the Smart Home Appliances Market:

Smart appliances are devices that can communicate with tablets or smartphones that permit users to control these appliances remotely. These devices help communicate with the smart grid, responding to utility signals that offer consumers reminders to use these appliances during off-peak periods. These devices include a wide variety of smart devices implemented in the home that are connected by a network, mostly via a home network or the internet.

Key Players of the Global Smart Home Appliances Market:

  • SAMSUNG
  • LG Electronics
  • Panasonic Inc.
  • Haier Group
  • AB Electrolux
  • Whirlpool
  • BSH Hausgeräte GmbH
  • Breville USA Inc

Smart Home Appliances Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The smart home appliance market is forecasted to observe substantial growth during the forecast period.  Several prominent drivers responsible for the market expansion include the augmenting purchasing power of individuals led by the mounting disposable income and modernizations in electronics and communication technology. In accordance with the report published by the Organization for Economic Co-operation and Development (OECD), the worldwide electricity consumption accounted to be 10,533,117 GW-H, in 2016 and has shown an upward trend each year since 1974. The world is urgently needed to reduce the energy consumption and the usage of fuels and administer the power usage by each appliance employed in the household. In addition, the growing penetration of smart homes, especially in the developing and developed regions, swift advancements and modernization in the IT infrastructure and wireless technology, along with the integration of the Internet of Things in these appliances, are some other factors stimulating the smart home appliance market share. Enormous major market players focus on enhancing food recognition and expanding the same into their kitchen applications, such as full-size ovens and fridges. Leading companies which include Bosch, GE, Samsung, and other players, have introduced various concepts such as a fridge that labels and tracks food items, remotely supervises the stovetop, and incorporates AI into applications for recommendations.

Furthermore, the role of the kitchen has drastically transformed over the past decades and is now associated with various activities, including socializing, dining, entertaining, and working.  However, the sudden and widespread outbreak of the coronavirus pandemic has adversely influenced the Chinese market. This is mainly due to the temporary halt of the production of smart home appliances and the raw materials used. Nevertheless, the market is contemplated to recover in 2021 while expanding at a significant rate.

Smart Home Appliances Market Segmentation:

Segmentation by Product Type
  • Smart Ovens
  • Smart Dishwashers
  • Smart Refrigerators
  • Smart Cookware and Cooktops
  • Smart Scale and Thermometers
  • Other Product Types
Segmentation by Connectivity
  • Wi-Fi
  • ZigBee
  • EnOcean
  • Bluetooth
  • RFID
  • NFC
  • Others
Segmentation by Appliance
  • Home Appliances
  • Kitchen Appliances
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more