Smart Home Appliances Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

Published: Mar 2023 Pages: 182 SKU: IRTNTR40419

Smart Home Appliances Market Forecast 2023-2027

The Smart Home Appliances Market is estimated to increase by USD 39.91 billion and grow at a CAGR of 14.45% between 2022 and 2027. Market expansion hinges on multiple factors, notably advancements in product innovation spanning technology, performance, features, and design, alongside regular updates to energy efficiency regulations, and the increasing integration of wireless connectivity devices and IoT. Obstacles include the elevated expense associated with smart home appliances, concerns regarding data privacy, and insufficient awareness levels particularly prevalent in developing and underdeveloped regions.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by product (smart washing machines and dryers, smart air conditioners, smart refrigerators, smart microwave ovens, and smart dishwashers), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

The market is driven by consumer focus on convenience and energy conservation, leading to rising demand for wireless solutions. As technological advancements continue to evolve, integration of Internet of Things (IoT) technology enables remote control and automation, enhancing user experience. With increasing connectivity and data monitoring capabilities, smart appliances offer energy efficiency and contribute to secure home environments. Consumer demand for smart homes, especially in Western countries, fuels the market, driving home improvement projects and residential applications. Additionally, targeting the right audience through social media and online marketing amplifies market growth, reflecting the ongoing trend towards technological innovations in smart home appliances. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is experiencing significant growth driven by the increasing adoption of wireless connecting devices and IoT technology. The global trend towards wireless connectivity devices is a key driver, enabling consumers to perform tasks remotely and enhancing convenience and user experience. Smartphones and tablets leveraging technologies like Wi-Fi, Bluetooth, and ZigBee are facilitating this connectivity, influencing consumer preferences and driving demand for smart home appliances. Manufacturers are incorporating these technologies into appliances like air conditioners, appealing to tech-savvy consumers and differentiating their products in the market. Additionally, the proliferation of IoT is transforming home appliances, allowing for data exchange and remote monitoring, further fueling market growth and innovation in smart home ecosystems.

Significant Market Trend

The introduction of additional features is an emerging trend in the market. Consumers cannot be forced to choose smart home appliances by connectivity alone. Customers want more features to help with connectivity. The majority of consumers who live in small homes struggle with having enough space, so manufacturers are working to develop appliances with connectivity features in addition to sleek designs and other alluring features. For instance, LG Electronics and Mitsubishi Electric are focusing on introducing smart air conditioner accessories.

Instead of producing smart air conditioners, startups are also attempting to make smart accessories or gadgets. In addition to connecting to a smartphone app, this smart equipment automates the home climate control with intelligent features, such as location-based activation, timer settings, and others, saving up to 40% on heating and cooling costs. Therefore, due to the prominent features of these new technologies, the focus market is anticipated to grow significantly during the forecast period.

Major Market Challenge

The high cost of these appliances is a major challenge impeding market growth. Due to their high price, manufacturers find it challenging to persuade consumers to replace their standard home appliances with smart connected models. As a result, businesses face a challenge in developing products that are affordable for the mass market, particularly in emerging nations where consumers are price-conscious. The majority of product offerings are geared toward the high-end consumer market, which only accounts for a small portion of the market.

The fact that smart connected appliances are currently not being widely adopted contributes to their high price. For instance, Samsung's Family Hub refrigerators are among the priciest and range in price from USD 3,299 to USD 4,599. Not all consumers are willing to spend this much money, especially if their standard refrigerators and washing machines are still in good working order. Therefore, such factors will likely prove to be an obstacle to market growth during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Miele and Cie. KG -  The company offers smart home appliances such as TVs, refrigerators, and washing machines. The key offerings of the company include smart home appliances such as commercial air conditioning appliances. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AB Electrolux
  • Apple Inc.
  • BSH Hausgerate GmbH
  • General Electric Co.
  • Godrej Appliances
  • Haier Smart Home Co. Ltd.
  • Koninklijke Philips NV
  • MIDEA Group
  • Mitsubishi Electric Corp.
  • Panasonic Holdings Corp.
  • Samsung Electronics Co. Ltd.
  • Videocon Industries Ltd.
  • Whirlpool Corp.
  • Xiaomi Communications Co. Ltd.
  • Robert Bosch GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

By Product

The market share growth by the smart washing machines and dryers segment will be significant during the forecast period. Wi-Fi, Bluetooth, and NFC are all used to connect smart washing machines to smart grids. The ability to control a smart washing machine remotely is one of its main benefits. Such washing machines don't have particularly high price-performance ratios either. As smart washing machines are energy-efficient and support the use of smart grid technology, numerous governments have recently encouraged their use. These washing machines make it easier to schedule wash cycles automatically using time-based electricity programs. As a result, washing is made possible during off-peak times, when energy costs are lower. These washing machines help the user modify process times and wash/dry cycle lengths.

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The smart washing machines and dryers segment was valued at USD 8.34 billion in 2017 and continued to grow until 2021. Customers' smartphones or tablets can connect to smart dryers. These dryers have sensors that can identify times when energy usage is at a minimum. As a result, they are regarded as economical and energy-efficient technology. An app notifies the user of cycle timings, energy usage, and other pertinent information. Such intelligent dryers are distinguished by features like remote control, real-time status monitoring, or individualized drying cycles. The LG Electronics Smart ThinQ Dryer features sophisticated troubleshooting manuals and self-diagnosis tools. Most of the world's use of these dryers is in North America and Europe. Hence, all these factors will boost the growth of the market segment during the forecast period.

By Region

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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Over the next five years, North America is expected to see a rise in the popularity and uptake of smart home technology, with the US showing the highest demand due to technological advancements and rising consumer awareness of the advantages of using smart appliances. Due to the US's strict government regulations and standards regarding energy usage, there will also likely be a high demand for washing machines that are more energy-efficient and smartly connected.

Due to the presence of numerous manufacturers of smart thermostats in North America, including Nest Labs and Honeywell International, the market for these devices is steadily growing. The development like smart air conditioners that have built-in connectivity could be hampered by this factor. The demand for energy-efficient smart home appliances, such as smart air conditioners with built-in connectivity, will, however, generally rise due to ongoing revisions of the US government's strict regulations and standards governing energy usage.

Another major factor propelling the growth of the market in North America is the rising demand for energy efficiency. Additionally, the high-income group makes up a larger pool of consumers in the US than in developing nations, which encouraged vendors to concentrate on developing and introducing such products. Such products are also anticipated to promote the expansion of the targeted market.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook
    • Smart washing machines and dryers
    • Smart air conditioners
    • Smart refrigerators
    • Smart microwave ovens
    • Smart dishwashers
  • Distribution Channel Outlook 
    • Offline
    • Online
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

The Market is witnessing robust growth driven by advancements in AI & IoT technologies, facilitating AI-enabled Proactive Customer Care and automation. Consumers prioritize convenience, with features like convenient monitoring and ease of control in smart appliances. Energy conservation and eco-friendly solutions appeal to health-conscious consumers, despite high initial investment costs. Rising availability of wireless connectivity solutions and online distribution channels enhance accessibility. Challenges include manufacturing delays and shortages, along with privacy concerns. Nevertheless, smart home appliances offer personalized recommendations and secure home environments, attracting tech-savvy consumers seeking seamless connectivity. As technological innovations continue, the market caters to diverse user preferences in Western countries and emerging economies.

Also, the market is driven by factors such as consumer demand for convenience and energy savings. With the integration of new technologies like Internet of Things (IoT) and intelligent temperature management, smart appliances offer enhanced functionality. From cooking and coffee brewing to interior cameras and lighting control, these appliances cater to diverse consumer needs. However, challenges like disruptions in the supply chains and economic uncertainties pose barriers to market growth. Despite financial barriers, the availability of products from key brands continues to drive the adoption of smart home appliances, reshaping the future of home improvement projects and infrastructure.

Smart Home Appliances Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.45%

Market growth 2023-2027

USD 39.91 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

14.15

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Electrolux, Apple Inc., BSH Hausgerate GmbH, General Electric Co., Godrej Appliances, Haier Smart Home Co. Ltd., Koninklijke Philips NV, MIDEA Group, Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Whirlpool Corp., Xiaomi Communications Co. Ltd., Robert Bosch GmbH, Sharp Corp., and LG Electronics Inc.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global smart home appliances market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global smart home appliances market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Smart washing machines and dryers - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Smart washing machines and dryers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Smart washing machines and dryers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Smart washing machines and dryers - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Smart washing machines and dryers - Year-over-year growth 2022-2027 (%)
    • 6.4 Smart air conditioners - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Smart air conditioners - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Smart air conditioners - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Smart air conditioners - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Smart air conditioners - Year-over-year growth 2022-2027 (%)
    • 6.5 Smart refrigerators - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Smart refrigerators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Smart refrigerators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Smart refrigerators - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Smart refrigerators - Year-over-year growth 2022-2027 (%)
    • 6.6 Smart microwave ovens - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Smart microwave ovens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Smart microwave ovens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Smart microwave ovens - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Smart microwave ovens - Year-over-year growth 2022-2027 (%)
    • 6.7 Smart dishwashers - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Smart dishwashers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Smart dishwashers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Smart dishwashers - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Smart dishwashers - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 56: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 58: Chart on Comparison by Distribution Channel
      • Exhibit 59: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 68: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AB Electrolux
              • Exhibit 123: AB Electrolux - Overview
              • Exhibit 124: AB Electrolux - Business segments
              • Exhibit 125: AB Electrolux - Key news
              • Exhibit 126: AB Electrolux - Key offerings
              • Exhibit 127: AB Electrolux - Segment focus
            • 12.4 Apple Inc.
              • Exhibit 128: Apple Inc. - Overview
              • Exhibit 129: Apple Inc. - Business segments
              • Exhibit 130: Apple Inc. - Key news
              • Exhibit 131: Apple Inc. - Key offerings
              • Exhibit 132: Apple Inc. - Segment focus
            • 12.5 General Electric Co.
              • Exhibit 133: General Electric Co. - Overview
              • Exhibit 134: General Electric Co. - Business segments
              • Exhibit 135: General Electric Co. - Key news
              • Exhibit 136: General Electric Co. - Key offerings
              • Exhibit 137: General Electric Co. - Segment focus
            • 12.6 Haier Smart Home Co. Ltd.
              • Exhibit 138: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 139: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 140: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 141: Haier Smart Home Co. Ltd. - Segment focus
            • 12.7 Koninklijke Philips NV
              • Exhibit 142: Koninklijke Philips NV - Overview
              • Exhibit 143: Koninklijke Philips NV - Business segments
              • Exhibit 144: Koninklijke Philips NV - Key news
              • Exhibit 145: Koninklijke Philips NV - Key offerings
              • Exhibit 146: Koninklijke Philips NV - Segment focus
            • 12.8 LG Electronics Inc.
              • Exhibit 147: LG Electronics Inc. - Overview
              • Exhibit 148: LG Electronics Inc. - Product / Service
              • Exhibit 149: LG Electronics Inc. - Key offerings
            • 12.9 MIDEA Group
              • Exhibit 150: MIDEA Group - Overview
              • Exhibit 151: MIDEA Group - Business segments
              • Exhibit 152: MIDEA Group - Key offerings
              • Exhibit 153: MIDEA Group - Segment focus
            • 12.10 Mitsubishi Electric Corp.
              • Exhibit 154: Mitsubishi Electric Corp. - Overview
              • Exhibit 155: Mitsubishi Electric Corp. - Business segments
              • Exhibit 156: Mitsubishi Electric Corp. - Key news
              • Exhibit 157: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 158: Mitsubishi Electric Corp. - Segment focus
            • 12.11 Panasonic Holdings Corp.
              • Exhibit 159: Panasonic Holdings Corp. - Overview
              • Exhibit 160: Panasonic Holdings Corp. - Business segments
              • Exhibit 161: Panasonic Holdings Corp. - Key news
              • Exhibit 162: Panasonic Holdings Corp. - Key offerings
              • Exhibit 163: Panasonic Holdings Corp. - Segment focus
            • 12.12 Robert Bosch GmbH
              • Exhibit 164: Robert Bosch GmbH - Overview
              • Exhibit 165: Robert Bosch GmbH - Business segments
              • Exhibit 166: Robert Bosch GmbH - Key news
              • Exhibit 167: Robert Bosch GmbH - Key offerings
              • Exhibit 168: Robert Bosch GmbH - Segment focus
            • 12.13 Samsung Electronics Co. Ltd.
              • Exhibit 169: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 171: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus
            • 12.14 Sharp Corp.
              • Exhibit 174: Sharp Corp. - Overview
              • Exhibit 175: Sharp Corp. - Business segments
              • Exhibit 176: Sharp Corp. - Key news
              • Exhibit 177: Sharp Corp. - Key offerings
              • Exhibit 178: Sharp Corp. - Segment focus
            • 12.15 Videocon Industries Ltd.
              • Exhibit 179: Videocon Industries Ltd. - Overview
              • Exhibit 180: Videocon Industries Ltd. - Product / Service
              • Exhibit 181: Videocon Industries Ltd. - Key offerings
            • 12.16 Whirlpool Corp.
              • Exhibit 182: Whirlpool Corp. - Overview
              • Exhibit 183: Whirlpool Corp. - Business segments
              • Exhibit 184: Whirlpool Corp. - Key offerings
              • Exhibit 185: Whirlpool Corp. - Segment focus
            • 12.17 Xiaomi Communications Co. Ltd.
              • Exhibit 186: Xiaomi Communications Co. Ltd. - Overview
              • Exhibit 187: Xiaomi Communications Co. Ltd. - Business segments
              • Exhibit 188: Xiaomi Communications Co. Ltd. - Key news
              • Exhibit 189: Xiaomi Communications Co. Ltd. - Key offerings
              • Exhibit 190: Xiaomi Communications Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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