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Smart Home Appliances Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR40419
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The smart home appliances market share is expected to increase by USD 34.31 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15%.

This smart home appliances market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart home appliances market segmentation by distribution channel (offline and online), product (smart washing machines and dryers, smart air conditioners, smart refrigerators, smart microwave ovens, and smart dishwashers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The smart home appliances market report also offers information on several market vendors, including AB Electrolux, Crestron Electronics Inc., General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, Legrand SA, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Sharp Corp., Videocon Industries Ltd., Vivint Smart Home Inc., Whirlpool Corp., and Xiaomi Corp. among others

What will the Smart Home Appliances Market Size be During the Forecast Period?

Smart Home Appliances Market Size

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Smart Home Appliances Market: Key Drivers, Trends, and Challenges

The product innovation in terms of technology, performance, features, and design is notably driving the smart home appliances market growth, although factors such as high cost of smart home appliances may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart home appliances industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Home Appliances Market Driver

One of the key factors driving the global smart home appliances market growth is product innovation in terms of technology, performance, features, and design. Smart home appliances are equipped with cameras, sensors, and connectivity features to enable remote monitoring and control. For instance, Samsung Electronics offers a Counter Depth 4-Door French Door Refrigerator with Family Hub Recessed Handles. Many smart home appliances can shop online without any intervention from the end-users. For instance, a smart refrigerator can automatically replenish the supply. Samsung Electronics smart refrigerators can order food through their grocery shopping partner Instacart. Similarly, a smart washing machine can place an order for fabric softeners and washing powder. Such factors are expected to positively impact the market growth during the forecast period.

Key Smart Home Appliances Market Trend

Another key factor driving the global smart home appliances market growth is the introduction of additional features in smart home appliances. As the availability of ample space is a major issue for most consumers living in compact homes, players are now trying to come up with appliances that have connectivity features, as well as sleek designs and other attractive features. For instance, LG Electronics and Mitsubishi Electric are focusing on introducing smart air conditioner accessories. Startups are also trying their hand at manufacturing smart gadgets or accessories instead of manufacturing smart air conditioners that remotely controls the settings of the unit and automates the home climate control with intelligent features, including location-based activation, timer settings, and others, saving up to 40% on home heating and cooling bills. Such factors will further support the market growth in the coming years.

Key Smart Home Appliances Market Challenge

One of the key challenges to the global smart home appliances market growth is the high cost of smart home appliances. Owing to this high-cost factor, it becomes difficult for manufacturers to convince consumers to upgrade their regular home appliances with the smart connected variety. For instance, Samsung Family Hub refrigerators cost between USD 3,299 and USD 4,599, making them one of the most expensive refrigerators. Not all consumers are ready to shell out such premium amounts, especially if their regular washing machines or refrigerators are working fine. The technology used in smart home appliances is complex and needs in-depth R&D activities, for which huge investments are required. These factors, therefore, are expected to be an obstacle to market growth during the forecast period.


This smart home appliances market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart home appliances market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart home appliances market during the forecast period.

Who are the Major Smart Home Appliances Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Crestron Electronics Inc.
  • General Electric Co.
  • Haier Smart Home Co. Ltd.
  • Koninklijke Philips NV
  • Legrand SA
  • LG Electronics Inc.
  • MIDEA Group Co. Ltd.
  • Miele and Cie. KG
  • MIRC Electronics Ltd.
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Schneider Electric SE
  • Sharp Corp.
  • Videocon Industries Ltd.
  • Vivint Smart Home Inc.
  • Whirlpool Corp.
  • Xiaomi Corp.

 

This statistical study of the smart home appliances market encompasses successful business strategies deployed by the key vendors. The smart home appliances market is fragmented and the vendors are deploying growth strategies such as investment in R&D to develop innovative and improved quality products to compete in the market.

Product Insights and News

General Electric Co.

  • It is a public company headquartered in the US. It is a global company generating USD 74,196 million in revenues and has around 168,000 employees. Its revenue from the global smart home appliances market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
  • The company offers a wide range of smart home appliances such as refrigerators, dishwashers, ovens, ranges, washers, dryers, air conditioning units, and water heaters.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart home appliances market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Home Appliances Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart home appliances market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Home Appliances Market?

Smart Home Appliances Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for smart home appliances in North America. However, market growth in this region will be slower than the growth of the market in other regions.

An increase in the popularity and adoption of smart home technology, owing to the implementation of stringent government regulations and standards related to energy usage will facilitate the smart home appliances market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected North American countries. It resulted in the temporary closure of various industries, including those manufacturing smart home appliances. Governments of countries such as the US, Canada, and Mexico imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations. However, in H2 2020, the demand for these products rebounded as retail stores in the region reopened due to the large-scale COVID-19 vaccination drives initiated in this region. These factors will drive the growth of the regional smart home appliances market during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Smart Home Appliances Market?

Smart Home Appliances Market Segmentation

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The smart home appliances market share growth by the offline segment will be significant during the forecast period. The growth is attributed to the increase in preference by consumers for the purchase of smart home appliances owing to growing urbanization, increasing middle-class income population, and the rapid growth of developing countries.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart home appliances market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Home Appliances Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15%

Market growth 2022-2026

$ 34.31 million

Market structure

Fragmented

YoY growth (%)

14.0

Regional analysis

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

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Electrolux, Crestron Electronics Inc., General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, Legrand SA, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Sharp Corp., Videocon Industries Ltd., Vivint Smart Home Inc., Whirlpool Corp., and Xiaomi Corp.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Smart Home Appliances Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart home appliances market growth during the next five years
  • Precise estimation of the smart home appliances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart home appliances industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart home appliances market vendors

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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 Distribution Channel

                                Exhibit 06:  Executive Summary – Chart on Market Segmentation by Product

                                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 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 17:  Five forces analysis - Comparison between 2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 18:  Bargaining power of buyers – Impact of key factors in 2021 and 2026

                4.3 Bargaining power of suppliers       

                                Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

                4.4 Threat of new entrants    

                                Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

                4.5 Threat of substitutes         

                                Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

                4.6 Threat of rivalry   

                                Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

                4.7 Market condition

                                Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel                      

                5.1 Market segments

                                Exhibit 24:  Chart on Distribution Channel - Market share 2021-2026 (%)

                                Exhibit 25:  Data Table on Distribution Channel - Market share 2021-2026 (%)

                5.2 Comparison by Distribution Channel          

                                Exhibit 26:  Chart on Comparison by Distribution Channel

                                Exhibit 27:  Data Table on Comparison by Distribution Channel

                5.3 Offline - Market size and forecast 2021-2026           

                                Exhibit 28:  Chart on Offline - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 29:  Data Table on Offline - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 30:  Chart on Offline - Year-over-year growth 2021-2026 (%)

                                Exhibit 31:  Data Table on Offline - Year-over-year growth 2021-2026 (%)

                5.4 Online - Market size and forecast 2021-2026            

                                Exhibit 32:  Chart on Online - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 33:  Data Table on Online - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 34:  Chart on  Online - Year-over-year growth 2021-2026 (%)

                                Exhibit 35:  Data Table on Online - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Distribution Channel           

                                Exhibit 36:  Market opportunity by Distribution Channel ($ billion)

6 Market Segmentation by Product                

                6.1 Market segments

                                Exhibit 37:  Chart on Product - Market share 2021-2026 (%)

                                Exhibit 38:  Data Table on Product - Market share 2021-2026 (%)

                6.2 Comparison by Distribution Channel          

                                Exhibit 39:  Chart on Comparison by Distribution Channel

                                Exhibit 40:  Data Table on Comparison by Distribution Channel

                6.3 Smart washing machines and dryers - Market size and forecast 2021-2026 

                                Exhibit 42:  Chart on Smart washing machines and dryers - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 43:  Data Table on Smart washing machines and dryers - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 44:  Chart on Smart washing machines and dryers - Year-over-year growth 2021-2026 (%)

                                Exhibit 45:  Data Table on Smart washing machines and dryers - Year-over-year growth 2021-2026 (%)

                6.4 Smart air conditioners - Market size and forecast 2021-2026            

                                Exhibit 46:  Chart on Smart air conditioners - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 47:  Data Table on Smart air conditioners - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 48:  Chart on Smart air conditioners - Year-over-year growth 2021-2026 (%)

                                Exhibit 49:  Data Table on Smart air conditioners - Year-over-year growth 2021-2026 (%)

                6.5 Smart refrigerators - Market size and forecast 2021-2026   

                                Exhibit 50:  Chart on Smart refrigerators - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 51:  Data Table on Smart refrigerators - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 52:  Chart on Smart refrigerators - Year-over-year growth 2021-2026 (%)

                                Exhibit 53:  Data Table on Smart refrigerators - Year-over-year growth 2021-2026 (%)

                6.6 Smart microwave ovens - Market size and forecast 2021-2026         

                                Exhibit 54:  Chart on Smart microwave ovens - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 55:  Data Table on Smart microwave ovens - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 56:  Chart on Smart microwave ovens - Year-over-year growth 2021-2026 (%)

                                Exhibit 57:  Data Table on Smart microwave ovens - Year-over-year growth 2021-2026 (%)

                6.7 Smart dishwashers - Market size and forecast 2021-2026   

                                Exhibit 58:  Chart on Smart dishwashers - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 59:  Data Table on Smart dishwashers - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 60:  Chart on Smart dishwashers - Year-over-year growth 2021-2026 (%)

                                Exhibit 61:  Data Table on Smart dishwashers - Year-over-year growth 2021-2026 (%)

                6.8 Market opportunity by Product    

                                Exhibit 62:  Market opportunity by Product ($ billion)

7. Customer landscape                         

                7.1 Customer landscape overview      

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 63:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8. Geographic Landscape                     

                8.1 Geographic segmentation

                                Exhibit 64:  Chart on Market share by geography 2021-2026 (%)

                                Exhibit 65:  Data Table on Market share by geography 2021-2026 (%)

                8.2 Geographic comparison   

                                Exhibit 66:  Chart on Geographic comparison

                                Exhibit 67:  Data Table on Geographic comparison

                8.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 68:  Chart on APAC - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 69:  Data Table on APAC - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 70:  Chart on APAC - Year-over-year growth 2021-2026 (%)

                                Exhibit 71:  Data Table on APAC - Year-over-year growth 2021-2026 (%)

                8.4 South America - Market size and forecast 2021-2026           

                                Exhibit 72:  Chart on  South America - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 73:  Data Table on  South America - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 74:  Chart on  South America - Year-over-year growth 2021-2026 (%)

                                Exhibit 75:  Data Table on  South America - Year-over-year growth 2021-2026 (%)

                7.5 Middle East and Africa - Market size and forecast 2021-2026            

                                Exhibit 76:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 77:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 78:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                                Exhibit 79:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                7.6 North America - Market size and forecast 2021-2026           

                                Exhibit 80:  Chart on North America - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 81:  Data Table on North America - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 82:  Chart on North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 83:  Data Table on North America - Year-over-year growth 2021-2026 (%)

                7.7 Europe - Market size and forecast 2021-2026          

                                Exhibit 84:  Chart on Europe - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 85:  Data Table on Europe - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 86:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                                Exhibit 87:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

                7.8 US - Market size and forecast 2021-2026   

                                Exhibit 88:  Chart on US - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 89:  Data Table on US - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 90:  Chart on US - Year-over-year growth 2021-2026 (%)

                                Exhibit 91:  Data Table on US - Year-over-year growth 2021-2026 (%)

                7.9 China - Market size and forecast 2021-2026             

                                Exhibit 92:  Chart on China - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 93:  Data Table on China - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 94:  Chart on China - Year-over-year growth 2021-2026 (%)

                                Exhibit 95:  Data Table on China - Year-over-year growth 2021-2026 (%)

                8.10 Germany - Market size and forecast 2021-2026    

                                Exhibit 96:  Chart on Germany - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 97:  Data Table on Germany - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 98:  Chart on Germany - Year-over-year growth 2021-2026 (%)

                                Exhibit 99:  Data Table on Germany - Year-over-year growth 2021-2026 (%)

                8.11 Canada - Market size and forecast 2021-2026       

                                Exhibit 100:  Chart on Canada - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 101:  Data Table on Canada - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 102:  Chart on Canada - Year-over-year growth 2021-2026 (%)

                                Exhibit 103:  Data Table on Canada - Year-over-year growth 2021-2026 (%)

                8.12 UK - Market size and forecast 2021-2026

                                Exhibit 104:  Chart on UK - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 105:  Data Table on UK - Market size and forecast 2021-2026 ($ billion)

                                Exhibit 106:  Chart on UK - Year-over-year growth 2021-2026 (%)

                                Exhibit 107:  Data Table on UK - Year-over-year growth 2021-2026 (%)

                8.13 Market opportunity by geography            

                                Exhibit 108:  Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends                    

                9.1 Market drivers     

                                9.1.1 Product innovation in terms of technology, performance, features, and design

                                9.1.2 Periodic revisions in energy efficiency standards

                                9.1.3 Growing adoption of wireless connecting devices and IoT

                9.2 Market challenges              

                                9.2.1 High cost of smart home appliances

                                9.2.2 Privacy issues with respect to data

                                9.2.3 Lack of awareness in developing and underdeveloped countries

                9.3 Impact of drivers and challenges  

                                Exhibit 109:  Impact of drivers and challenges in 2021 and 2026

                9.4 Market trends      

                                9.4.1 Introduction of additional features in smart home appliances

                                9.4.2 Partnerships with other companies

                                9.4.3 Increasing M and A activities

10. Vendor Landscape                           

                10.1 Overview             

                10.2 Vendor landscape            

                                Exhibit 110:  Overview on Criticality of inputs and Factors of differentiation

                                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

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.

TechnavioINFORMATION 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
Technavio

TechnavioDATA 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
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TechnavioREPORT 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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Smart Home Appliances market growth will increase by $34.31 billion during 2022-2026.
The smart home appliances market is expected to grow at a CAGR of 15% during 2022-2026.
Technavio has segmented the smart home appliances market by distribution channel (Offline, Online, Smart refrigerators, Smart microwave ovens, and Smart dishwashers) ,product (Smart washing machines and dryers, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers) , and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
AB Electrolux, Crestron Electronics Inc., General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, Legrand SA, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Sharp Corp., Videocon Industries Ltd., Vivint Smart Home Inc., Whirlpool Corp., Xiaomi Corp. are a few of the key vendors in the smart home appliances market.
North America will register the highest growth rate of 32.09% among the other regions. Therefore, the smart home appliances market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart home appliances market growth are:
  • Product innovation in terms of technology, performance, features, and design
  • Introduction of additional features in smart home appliances
The smart home appliances market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
  • 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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