Global Smart Home Appliances Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.
According to the study, the global smart home appliances market will grow at a CAGR of around 32% during the forecast period 2019-2025. The demand for smart home appliances is increasing due to several factors such as increased digitalization, growing consumer awareness of smart hubs, rising living standards, growing consumer purchasing power, and increased consolidation & sustainability.
Get Sample Copy of Smart Home Appliances Market Report –
Samsung, LG, GE Appliances, Electrolux, Panasonic, Philips, Whirlpool, BSH, request sample for a complete list of companies.
The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.
The shift in consumer buying power is one of the major drivers contributing to the growth of the smart home appliances market. An increase in demand for energy-efficient appliances is anticipated to create new business opportunities for smart home appliances vendors. Advancement in IoT is one of the key factors for smart homes & home automation, which is driving the smart home appliances market. Wider availability of financing options, increasing nuclear families, changing lifestyles, and the launch of new & advanced models are few factors leading to the growth of the smart home appliances market.
There are certain challenges being faced by smart home appliances vendors, which may hinder the market growth. Few challenges in the smart home appliances market include concerns about device security, efficiency & durability of products, and high production costs of home appliances. Complete usability & interoperability of connected devices is also one of the factors that can create issues when consumers want to integrate a smart solution from one vendor into the smart hub offered by a different vendor.
According to the smart home appliances industry analysis, North America accounts for the largest share of the global smart home appliances market in 2019. Drivers supporting the growth of the smart home appliances market in North America include the increased focus of consumers toward home security and growing demand for energy management devices. The number of smart homes in the US is expected to increase significantly during the next few years due to the growing number of connected devices. The Asia Pacific region is expected to witness the fastest growth rate during the forecast period due to the increasing presence of home appliances vendors in this region. With strong economic growth in this region, domestic as well as foreign manufacturers & retailers of home appliances witness potential opportunities for expansion in the APAC market.
Segmentation by Product Type (Home Appliances [Smart Home Security System, Smart Lighting, Smart Speaker, Smart Plugs, Smart Thermostat, Others], Kitchen Appliances [Smart Microwave/Oven, Smart Refrigerators, Smart Dishwashers, Smart Washer/Dryers, Others])
Segmentation by Technology (Wi-Fi, Bluetooth, RF Technology, Zigbee, Cellular Technology, Near Field Communication)
Browse full report:
Frequently Asked Questions about “Smart Home Appliances market” :
- What will the Smart Home Appliances market size/ forecast be in 2025?
- What is the growth rate (CAGR) of the Smart Home Appliances market?
- Who are the key players/top companies in the Smart Home Appliances market?
- What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Smart Home Appliances market?
- What are the challenges to growth and the new opportunities in the Smart Home Appliances market?
- Which is the highest growing region or country for the Smart Home Appliances market?
- Which is the top growing segment/application/end-user industry?
- What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234 | +email@example.com.