Smart Appliances Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: IC1449

Smart Appliances Market

The Smart Appliances Market is expected to grow from USD 33.8 billion in 2020 to USD 76.4 billion by 2026 at a CAGR of 14.11% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies

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

  • Residential
  • Commercial

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

Report Content

1.     Introduction

1.1.      Key Points

1.2.     Report Description

1.3.     Markets Covered

1.4.     Stakeholders

2.    Research Methodology

2.1.     Research Scope

2.2.    Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology         Secondary Research        Primary Research        Models for Estimation

2.3.    Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.    Executive Summary

4.    Market Overview

4.1.     Introduction

4.2.    Drivers

4.3.    Restraints

4.4.    Opportunities

4.5.    Challenges

5.    Smart Appliances Market, By Type

5.1.     Key Points

5.2. Smart Home Appliances

5.3.  Smart Kitchen Appliances

6.    Smart Appliances Market, By Technology

6.1.     Key Points

6.2. Bluetooth

6.3. Near Field Communication (NFC)

6.4. Wi-Fi

6.5. Others

7.    Smart Appliances Market, By End User

7.1.     Key Points

7.2.  Residential

7.3.  Commercial

8.    Competitive Landscape

8.1.     Introduction

8.2.    Start-up companies- Smart Appliances Market

8.3.    Recent Developments

8.3.1.    Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.   Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Samsung Electronics

9.2. Schneider Electric

9.3. Siemens

9.4. ABB

9.5. Acuity Brands

9.6. BSH Hausgerate

9.7.  Control4

9.8. Crestron

9.9. Electrolux

9.10.                Haier Smart Home

9.11.                 Johnson Controls

9.12.                Koninklijke Philips

9.13.                Legrand

9.14.                Leoni

9.15.                 LG Electronics

9.16.                Lutron Electronics

9.17.                 Miele & Cie. Kg

9.18.                Onida Electronics

9.19.                Open Appliances

Smart Appliances Market

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