A smart appliance acts as an advanced version of traditional
appliances which are operated with connected devices. The connected devices include
tablet or computer, smartphone, which are meant to provide more control and
information. The advanced smart appliances are discovered and developed to work
on the user’s needs, and the user gets information to switch off. Moreover, the
microwave oven notifies when the cooked food is ready to be served and even the
end-users get informed when the laundry is finished. The plethora
of wireless solutions and the soaring energy prices are the key driving factors
for the global smart appliances market. The advanced appliances market is rising
with the help of market drivers. The constant growth in disposable personal
income (DPI) across the world is a key propeller, fueling the global smart appliances
market. Further, the growth Influx in the automation solutions market propels
more market revenue. As a result, the global smart appliances market has huge
demand in the global market because of the rising smartphone penetration and rising
internet speed. Therefore, the market drivers play a prominent role in
developing the smart appliances market. In
addition, most of the countries prefer the smart appliances as it has improved
advanced technologies. The significant adaptation of RFID, Bluetooth, cellular
technology, Zigbee, Wi-Fi, NFC and Z-Wave has brought a revolution in the smart
appliances market expansion and is projected to
boom on a larger scale. Apart from this, the data privacy issues among
end users will be key constrain in the smart appliances market.
Moreover, the post outbreak of the COVID-19 pandemic, people
have preferring staying at home. Eventually, the reliance on the internet and
digital gadgets has increased in the past few years. Since people are not going
out, the primary day-to-day expenses have been minimized drastically. Owing to
this, the disposable income of people has also increased. In addition to this,
people are staying at home, they are adopting smart appliances more than they
used to before the pandemic. This provides huge opportunities to the
manufacturers and suppliers operating in the smart appliances market.
The
global Smart Appliances Market is segregated on the basis of Type as Smart Home
Appliances and Smart Kitchen Appliances. Based on Technology the global Smart
Appliances Market is segmented in Bluetooth, Near Field Communication (NFC), Wi-Fi
and Others. Based on End User the global Smart Appliances Market is segmented
in Residential and Commercial.
The
global Smart Appliances Market report provides geographic analysis covering
regions, such as Europe, North America, Asia Pacific, and Rest of The World.
The Smart Appliances Market for each region is further segmented for major
countries including the U.S., Canada, Germany, the U.K., France, Italy, China,
India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Samsung
Electronics, Schneider Electric, Siemens, ABB, Acuity Brands and others are
among the major players in the global Smart Appliances Market. The companies
studied in terms of product strategy and various n several growth and expansion
strategies to gain a competitive edge in the market. The major players not only
follow value chain integration with business operations in multiple stages of
the value chain.
- In
January 2021, LG Electronics introduced LG CordZeroThinQ A9 vacuum cleaner,
which is installed with an advanced "Wet Mopping" mode in addition to
an exclusive "Vacuum+Mop" mode which will provide a hassle-free
cleaning experience.
- In August
2020, Haier Smart Home declared a new rooftop air conditioner along with a heat
pump and high-efficiency model, which is created for the recreational vehicle
industry (RV). With the help of the new AC, heat from outside is sucked into
the interior of RVs to boost furnace operation.
- In
September 2019, Bosch announced an introduction of its photo finish fridges and
ovens with built in AI Technology. Bosch released new refrigerator models which
extend the company's line of camera-connected food storage. The KAD92HBFP and
KGN39HIEP model comprises a built-in camera.
- In 2020,
Panasonic Inc., made a partnership with Flipkart to provide washing machines,
air conditioners and refrigerators under the Flipkart’s MarQ range of smart
appliances, in India.
The global Smart Appliances Market has been
segmented as below:
Smart
Appliances Market, By Type
- Smart Home Appliances
- Smart Kitchen Appliances
Smart
Appliances Market, By Technology
- Bluetooth
- Near Field Communication (NFC)
- Wi-Fi
- Others
Smart
Appliances Market, By End User
Smart
Appliances Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Smart
Appliances Market, By Company
- Samsung Electronics
- Schneider Electric
- Siemens
- ABB
- Acuity Brands
- BSH Hausgerate
- Control4
- Crestron
- Electrolux
- Haier Smart Home
- Johnson Controls
- Koninklijke Philips
- Legrand
- Leoni
- LG Electronics
- Lutron Electronics
- Miele & Cie. Kg
- Onida Electronics
- Open Appliances
The
report covers the below scope:
- Global Smart Appliances Market
sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Smart Appliances Market
trends, covering comprehensive range of consumer trends & manufacturer
trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Smart
Appliances Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Smart Appliances Market report scope
includes detailed study covering underlying factors influencing the industry
trends. The report covers analysis on regional and country level market
dynamics. The scope also covers competitive overview providing company market
shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares
and profiles key participants in the global Smart Appliances Market share.
Major industry players with significant revenue share include Samsung
Electronics, Schneider Electric, Siemens, ABB, Acuity Brands and others.
Why to
Buy this Report:
- Gain detailed insights on the Smart Appliances
industry trends
- Find complete analysis on the
market status
- Identify the Smart Appliances
Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement