Smart Appliances Market Research Report Forecast till 2027

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The worldwide smart appliances market is supposed to expand at a significant CAGR of 17.20% by 2027.

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Smart Appliances Market Analysis

Market Overview

The worldwide smart appliances market is supposed to expand at a significant CAGR of 17.20% by 2027. Smart appliances are gadgets that can be associated with other arranged gadgets through various remote conventions like Bluetooth, Wi-Fi, and close field correspondence (NFC). These web-associated gadgets help in remotely observing and overseeing appliances and frameworks.

As the appliances can quantify and control energy utilization, they are additionally alluded to as shrewd gadgets. Because of the rising reception of IoT, smart appliances have acquired massive prevalence as of late. Additionally, the developing number of smart home ventures and the reception of smart gadgets for solace and comfort intention are factors driving the development of the worldwide smart appliances market.

Market Segmentation

The smart appliances market has been comprehensively grouped by component, technology, and end-user. By component, the market is divided into gadgets and administrations. By technology, the market is sectioned into Wi-Fi, Bluetooth, Close to Handle Correspondence [NFC], Zigbee, and Others. By end-user, the market is bifurcated into business and private.

Regional Analysis

Asia-Pacific is the biggest market for smart appliances market with significant markets, including China, India, Japan, and South Korea. India and China are developing quickly at CAGRs of 17.20% separately during the review time frame 2022 to 2030 inferable from the assembling and IT industry development. This has powered the development in the upper-working-class populace in the region.

The development of these areas has likewise brought about quick urbanization in urban areas, in this manner making a rewarding marketplace for smart appliances. The nations have an optimal foundation, boundless web, and 5G administrations covering most metropolitan regions, provoking interest in associated and smart gadgets.

North America is supposed to be the second-biggest market for smart appliances owing to the developed markets in US, Canada, and Mexico. The US and Canada have the most noteworthy per capita pay and are innovatively progressing.

The European Smart Appliances Market stood third with the significant nations adding to this market development containing the UK, Germany, France, Italy, and the remainder of Europe. These nations are encountering expanded demand for smart appliances inferable from the rising populaces as well as quick urbanization.

Moreover, the nations are likewise seeing development in the idea of the smart home, which is one more driving component in the region. Likewise, the rising pay level and ascend in extra cash have made a worthwhile market for smart appliances in the region. Further, the travel industry area and office and cooperating space are extremely popular in the region, further heightening the demand for smart appliances.

Major Players

included in the smart appliances market research are Xiaomi, BSH Hausgerate GmbH, Acuity Brands Lighting, Inc., Koninklijke Philips N.V. (Philips), AB Electrolux, LG Electronics, Inc., Panasonic Corporation, Miele, Mirc Electronics Limited, Samsung Electronics Co. Ltd., Siemens AG, Vivint, Inc., Schneider Electric SE, Whirlpool Corporation, and Haier Smart Home Co., Ltd.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

 

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 18

1.1 MARKET ATTRACTIVENESS ANALYSIS 19

 

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

3 RESEARCH METHODOLOGY 22

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 AVAILABILITY OF WIRELESS SOLUTIONS 29

4.2.2 GROWING ADOPTION OF ENERGY-SAVING PRODUCTS IN SMART HOMES 29

4.2.3 DRIVER IMPACT ANALYSIS 30

4.3 RESTRAINTS 30

4.3.1 SECURITY AND PRIVACY CONCERNS AMONG END USERS 30

4.3.2 RESTRAINT IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 ADVANCEMENTS IN THE INTERNET OF THINGS (IOT) AND ARTIFICIAL INTELLIGENCE (AI) 31

4.5 COVID-19 IMPACT ANALYSIS 31

4.5.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS 31

4.6 IMPACT ON COMPONENT MANUFACTURERS 32

4.7 IMPACT ON DEVICE MANUFACTURERS 32

4.8 IMPACT ON THE OVERALL SMART HOME INDUSTRY 32

4.8.1.1 IMPACT ON SUPPLY CHAIN 32

4.8.1.2 PRICE VARIATION OF KEY RAW MATERIALS 33

4.8.1.3 PRODUCTION SHUTDOWN 33

5 MARKET FACTOR ANALYSIS 34

5.1 VALUE CHAIN ANALYSIS 34

5.1.1 HARDWARE MANUFACTURERS 34

5.1.2 PLATFORM DEVELOPERS 34

5.1.3 TECHNOLOGY PROVIDERS 35

5.1.4 SYSTEM INTEGRATORS 35

5.1.5 DISTRIBUTORS/RESELLERS 35

5.1.6 END USERS 35

5.2 PORTER’S FIVE FORCES MODEL 36

5.2.1 THREAT OF NEW ENTRANTS 36

5.2.2 BARGAINING POWER OF SUPPLIERS 37

5.2.3 THREAT OF SUBSTITUTES 37

5.2.4 BARGAINING POWER OF BUYERS 37

5.2.5 INTENSITY OF RIVALRY 37

6 GLOBAL SMART APPLIANCES MARKET, BY COMPONENT 38

6.1 INTRODUCTION 38

6.2 DEVICES 40

6.2.1 SMART WASHING MACHINES 41

6.2.2 SMART AIR CONDITIONERS 42

6.2.3 SMART VACUUM CLEANERS 42

6.2.4 SMART WATER HEATERS 42

6.2.5 SMART REFRIGERATORS 42

6.2.6 SMART DRYERS 42

6.2.7 SMART DISHWASHERS 42

6.2.8 SMART DISPENSER 43

6.2.9 SMART LIGHTING DEVICES 43

6.2.10 SMART SECURITY DEVICES 43

6.2.11 SMART KETTLES 43

6.2.12 SMART BLENDERS 43

6.2.13 SMART TOOTHBRUSH 43

6.2.14 SMART RAZORS 43

6.2.15 SMART OVENS 44

6.2.16 SMART COOKTOPS 44

6.2.17 SMART COFFEEMAKERS 44

6.2.18 SMART COOKERS 44

6.2.19 OTHERS 44

6.3 SERVICES 44

7 GLOBAL SMART APPLIANCES MARKET, BY TECHNOLOGY 45

7.1 INTRODUCTION 45

7.2 WI-FI 46

7.3 BLUETOOTH 46

7.4 NEAR FIELD COMMUNICATION (NFC) 46

7.5 ZIGBEE 47

7.6 OTHERS 47

8 GLOBAL SMART APPLIANCES MARKET, BY END USER 48

8.1 INTRODUCTION 48

8.2 RESIDENTIAL 49

8.3 COMMERCIAL 49

9 GLOBAL SMART APPLIANCES MARKET, BY REGION 50

9.1 OVERVIEW 50

9.2 NORTH AMERICA 51

9.2.1 NORTH AMERICA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 51

9.2.2 NORTH AMERICA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 52

9.2.3 NORTH AMERICA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 55

9.2.4 NORTH AMERICA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 56

9.2.5 US 56

9.2.5.1 US SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 57

9.2.5.2 US SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 59

9.2.5.3 US SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 59

9.2.6 CANADA 59

9.2.6.1 CANADA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 60

9.2.6.2 CANADA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 62

9.2.6.3 CANADA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 62

9.2.7 MEXICO 62

9.2.7.1 MEXICO SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 63

9.2.7.2 MEXICO SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 65

9.2.7.3 MEXICO SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 65

9.3 EUROPE 66

9.3.1 EUROPE SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 66

9.3.2 EUROPE SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 67

9.3.3 EUROPE SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 70

9.3.4 EUROPE SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 71

9.3.5 GERMANY 71

9.3.5.1 GERMANY SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 71

9.3.5.2 GERMANY SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 74

9.3.5.3 GERMANY SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 74

9.3.6 UK 74

9.3.6.1 UK SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 75

9.3.6.2 UK SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 77

9.3.6.3 UK SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 77

9.3.7 FRANCE 77

9.3.7.1 FRANCE SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 77

9.3.7.2 FRANCE SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 80

9.3.7.3 FRANCE SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 80

9.3.8 ITALY 80

9.3.8.1 ITALY SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 81

9.3.8.2 ITALY SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 83

9.3.8.3 ITALY SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 83

9.3.9 REST OF EUROPE 83

9.3.9.1 REST OF EUROPE SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 83

9.3.9.2 REST OF EUROPE SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 86

9.3.9.3 REST OF EUROPE SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 86

9.4 ASIA-PACIFIC 87

9.4.1 ASIA-PACIFIC SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 87

9.4.2 ASIA-PACIFIC SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 88

9.4.3 ASIA-PACIFIC SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 91

9.4.4 ASIA-PACIFIC SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 92

9.4.5 CHINA 92

9.4.5.1 CHINA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 93

9.4.5.2 CHINA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 95

9.4.5.3 CHINA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 95

9.4.6 JAPAN 95

9.4.6.1 JAPAN SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 96

9.4.6.2 JAPAN SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 98

9.4.6.3 JAPAN SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 98

9.4.7 INDIA 98

9.4.7.1 INDIA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 99

9.4.7.2 INDIA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 101

9.4.7.3 INDIA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 101

9.4.8 SOUTH KOREA 101

9.4.8.1 SOUTH KOREA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 102

9.4.8.2 SOUTH KOREA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 104

9.4.8.3 SOUTH KOREA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 104

9.4.9 REST OF ASIA-PACIFIC 104

9.4.9.1 REST OF ASIA-PACIFIC SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 104

9.4.9.2 REST OF ASIA-PACIFIC SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 107

9.4.9.3 REST OF ASIA-PACIFIC SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 107

9.5 MIDDLE EAST & AFRICA 108

9.5.1 MIDDLE EAST & AFRICA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 108

9.5.2 MIDDLE EAST & AFRICA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 111

9.5.3 MIDDLE EAST & AFRICA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 112

9.6 SOUTH AMERICA 113

9.6.1 SOUTH AMERICA SMART APPLIANCES MARKET, BY COMPONENT, 2018–2027 (USD MILLION) 113

9.6.2 SOUTH AMERICA SMART APPLIANCES MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION) 116

9.6.3 SOUTH AMERICA SMART APPLIANCES MARKET, BY END USER, 2018–2027 (USD MILLION) 117

10 COMPETITIVE LANDSCAPE 118

10.1 COMPETITIVE BENCHMARKING 119

10.2 VENDOR SHARE ANALYSIS 120

10.3 VOLUME SOLD BY PLAYERS 2020 (UNITS) 120

10.4 RECENT DEVELOPMENTS 121

10.4.1 BUSINESS EXPANSIONS/ACQUISITIONS 121

10.4.2 PRODUCT LAUNCHES/DEVELOPMENTS 121

11 COMPANY PROFILES 123

11.1 ACUITY BRANDS LIGHTING, INC. 123

11.1.1 COMPANY OVERVIEW 123

11.1.2 FINANCIAL OVERVIEW 123

11.1.3 PRODUCTS OFFERED 124

11.1.4 KEY DEVELOPMENTS 124

11.1.5 SWOT ANALYSIS 125

11.1.6 KEY STRATEGIES 125

11.2 BSH HAUSGERATE GMBH 126

11.2.1 COMPANY OVERVIEW 126

11.2.2 FINANCIAL OVERVIEW 126

11.2.3 PRODUCTS OFFERED 127

11.2.4 KEY DEVELOPMENTS 128

11.2.5 SWOT ANALYSIS 129

11.2.6 KEY STRATEGIES 129

11.3 AB ELECTROLUX 130

11.3.1 COMPANY OVERVIEW 130

11.3.2 FINANCIAL OVERVIEW 130

11.3.3 PRODUCTS OFFERED 131

11.3.4 KEY DEVELOPMENTS 132

11.3.5 SWOT ANALYSIS 132

11.3.6 KEY STRATEGIES 132

11.4 HAIER SMART HOME 133

11.4.1 COMPANY OVERVIEW 133

11.4.2 FINANCIAL OVERVIEW 133

11.4.3 PRODUCTS OFFERED 134

11.4.4 KEY DEVELOPMENTS 135

11.4.5 SWOT ANALYSIS 135

11.4.6 KEY STRATEGIES 135

11.5 KONINKLIJKE PHILIPS N.V. 136

11.5.1 COMPANY OVERVIEW 136

11.5.2 FINANCIAL OVERVIEW 136

11.5.3 PRODUCTS OFFERED 137

11.5.4 KEY DEVELOPMENTS 138

11.5.5 SWOT ANALYSIS 138

11.5.6 KEY STRATEGIES 138

11.6 LG ELECTRONICS 139

11.6.1 COMPANY OVERVIEW 139

11.6.2 FINANCIAL OVERVIEW 140

11.6.3 PRODUCTS OFFERED 140

11.6.4 KEY DEVELOPMENTS 142

11.6.5 SWOT ANALYSIS 142

11.6.6 KEY STRATEGIES 143

11.7 MIELE 144

11.7.1 COMPANY OVERVIEW 144

11.7.2 FINANCIAL OVERVIEW 144

11.7.3 PRODUCTS OFFERED 145

11.7.4 KEY DEVELOPMENTS 145

11.8 MIRC ELECTRONICS LIMITED 146

11.8.1 COMPANY OVERVIEW 146

11.8.2 FINANCIAL OVERVIEW 146

11.8.3 PRODUCTS OFFERED 147

11.8.4 KEY DEVELOPMENTS 147

11.8.5 SWOT ANALYSIS 147

11.8.6 KEY STRATEGIES 147

11.9 PANASONIC CORPORATION 148

11.9.1 COMPANY OVERVIEW 148

11.9.2 FINANCIAL OVERVIEW 149

11.9.3 PRODUCTS OFFERED 150

11.9.4 KEY DEVELOPMENTS 150

11.9.5 SWOT ANALYSIS 151

11.9.6 KEY STRATEGIES 151

11.10 SAMSUNG 152

11.10.1 COMPANY OVERVIEW 152

11.10.2 FINANCIAL OVERVIEW 152

11.10.3 PRODUCTS OFFERED 153

11.10.4 KEY DEVELOPMENTS 154

11.10.5 SWOT ANALYSIS 154

11.10.6 KEY STRATEGIES 154

11.11 SCHNEIDER ELECTRIC SE 155

11.11.1 COMPANY OVERVIEW 155

11.11.2 FINANCIAL OVERVIEW 155

11.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 156

11.11.4 KEY DEVELOPMENTS 156

11.11.5 SWOT ANALYSIS 156

11.11.6 KEY STRATEGIES 156

11.12 SIEMENS AG 157

11.12.1 COMPANY OVERVIEW 157

11.12.2 FINANCIAL OVERVIEW 158

11.12.3 PRODUCTS OFFERED 159

11.12.4 KEY DEVELOPMENTS 159

11.12.5 SWOT ANALYSIS 160

11.12.6 KEY STRATEGIES 160

11.13 VIVINT, INC. 161

11.13.1 COMPANY OVERVIEW 161

11.13.2 FINANCIAL OVERVIEW 161

11.13.3 PRODUCTS OFFERED 162

11.13.4 KEY DEVELOPMENTS 162

11.13.5 SWOT ANALYSIS 162

11.13.6 KEY STRATEGIES 163

11.14 WHIRLPOOL CORPORATION 164

11.14.1 COMPANY OVERVIEW 164

11.14.2 FINANCIAL OVERVIEW 164

11.14.3 PRODUCTS OFFERED 165

11.14.4 KEY DEVELOPMENTS 165

11.14.5 SWOT ANALYSIS 166

11.14.6 KEY STRATEGIES 166

11.15 XIAOMI 167

11.15.1 COMPANY OVERVIEW 167

11.15.2 FINANCIAL OVERVIEW 167

11.15.3 PRODUCTS OFFERED 168

11.15.4 KEY DEVELOPMENTS 169

11.15.5 SWOT ANALYSIS 169

11.15.6 KEY STRATEGIES 170

11.16 COLGATE-PALMOLIVE 171

11.16.1 COMPANY OVERVIEW 171

11.16.2 FINANCIAL OVERVIEW 171

11.16.3 PRODUCTS OFFERED 172

11.16.4 KEY DEVELOPMENTS 172

11.16.5 SWOT ANALYSIS 173

11.16.6 KEY STRATEGIES 173

11.17 PROCTER & GAMBLE 174

11.17.1 COMPANY OVERVIEW 174

11.17.2 FINANCIAL OVERVIEW 174

11.17.3 PRODUCTS OFFERED 175

11.17.4 KEY DEVELOPMENTS 175

11.17.5 SWOT ANALYSIS 176

11.17.6 KEY STRATEGIES 176

11.18 PLAYBRUSH 177

11.18.1 COMPANY OVERVIEW 177

11.18.2 FINANCIAL OVERVIEW 177

11.18.3 PRODUCTS OFFERED 177

11.18.4 KEY DEVELOPMENTS 177

11.19 VITA-MIX CORPORATION 178

11.19.1 COMPANY OVERVIEW 178

11.19.2 FINANCIAL OVERVIEW 178

11.19.3 PRODUCTS OFFERED 178

11.19.4 KEY DEVELOPMENTS 178

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Companies Mentioned

Xiaomi, BSH Hausgerate GmbH, Acuity Brands Lighting, Inc., Koninklijke Philips N.V. (Philips), AB Electrolux, LG Electronics, Inc., Panasonic Corporation, Miele, Mirc Electronics Limited, Samsung Electronics Co. Ltd., Siemens AG, Vivint, Inc., Schneider Electric SE, Whirlpool Corporation, and Haier Smart Home Co., Ltd.

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