Smart Appliances Market Size, Share and Industry Growth Analysis Report by Offering, Products (Smart Washer, Smart A.C, Smart Dryer, Smart Refrigerator, Smart Cooktop, Smart ), Services, Technology, End-User-Industry, and Geography - Global Growth Driver and Industry Forecast to 2026
Updated on : October 23, 2024
The smart appliances market is witnessing significant demand, fueled by the increasing adoption of Internet of Things (IoT) technology and the growing consumer preference for energy-efficient and convenient home solutions. As homeowners seek to enhance their living spaces with innovative products that offer greater control and automation, smart appliances such as refrigerators, washing machines, and ovens are becoming essential components of modern households. Key trends driving this market include the integration of artificial intelligence and machine learning, enabling appliances to learn user preferences and optimize their functionality accordingly. Additionally, the rise in smart home ecosystems, where devices can communicate with each other, is enhancing user experiences and promoting energy conservation. The growing awareness of sustainability and eco-friendly practices is also influencing consumers to invest in smart appliances that offer better energy management and lower utility costs. As technology continues to advance and the market becomes increasingly competitive, the smart appliances sector is poised for robust growth, transforming the way consumers interact with their home environments.
Smart Appliances Market Size & Growth
The global smart appliances market in terms of revenue is poised to reach USD 76.4 billion by 2026 from USD 33.8 billion in 2021, growing at a CAGR of 17.7% during the forecast period from 2021 to 2026.
In recent years, the market for smart appliances has experienced significant growth, primarily due to the increasing demand for smartphones, and the availability of wireless solutions is also expected to significantly boost the market in the near future. These factors will drive market growth through the end of the forecast period. Moreover, intensifying consumer focus on convenience, cost reduction, and energy conservation will drive the demand of smart appliances in the near future.
To know about the assumptions considered for the study, Request for Free Sample Report
Smart Appliances Market Trends and Dynamics:
Driver: Rising availability of wireless connectivity solutions
Wireless solutions not only reduce the usage of wires but also help to avoid the reconstruction of existing homes, thereby offering flexibility to end users. A variety of new wireless protocols have been developed to improve the working of smart appliances. The advent of ZigBee and Z-Wave, apart from the existing technologies such as Bluetooth and Wi-Fi, is likely to bring about major technological advancements in the smart appliances market. ZigBee alliance control ZigBee protocol is a lower power specification based on the IEEE 802.15.4 standard for personal area networks. It uses less power and provides better coverage. Z-Wave can be used for all kinds of wireless applications. It can be used to connect sensors in security systems, locks, smoke detectors, and other smart appliances in the house.
With the help of wireless solutions, users can control and monitor smart home appliances from anywhere and at any time, which reduces energy consumption and saves the cost and time required for the task. Moreover, users can monitor the functioning of these appliances on their smartphones or tablets, even when they are not around. For instance, a refrigerator with Wi-Fi connectivity from LG Electronics (South Korea) features interior cameras, which enables a user to see what is inside the refrigerator without having to open the door physically. In addition, a user can even keep track of the food stored in the refrigerator using the on-fridge display and sync the information to the smartphone. Thus, wireless connectivity solutions are expected to play a huge role in driving the growth of this market.
Restraint: Concerns about data privacy among end-users
Internet users and smartphone users are concerned about possible misuse of their personal information, such as names, email addresses, home addresses, dates of birth, and credit card numbers. Furthermore, smart appliances are mostly controlled through smartphone apps developed by companies; companies capture consumer data through these apps, which further increases consumer concerns over their privacy. Thus, privacy concerns are a potential barrier to the growth of the smart appliances market.
Opportunity: Integration of new technologies, such as AI, with smart appliances
AI technologies make products think like humans. They help to understand how the human brain thinks, learns, decides, and works. AI has become very popular in today’s world. It has applications in different industries like healthcare, manufacturing, banking, and automotive. Smart appliances companies are working to in-build AI in products to make them more personalized and convenient for consumers.
AI will help to identify usage patterns, user preferences, and opportunities for additional technologies. It helps in identifying gaps in the usage and capabilities of smart appliances. This will give companies working in the field of smart appliances an opportunity to enhance their products to meet customer requirements in the future. For instance, LG Electronics (South Korea) introduced its new AI-enabled Proactive Customer Care for personalized support and alerts. On purchase of certain LG appliances, users get this complimentary Proactive Customer Care service through the LG ThinQ app. The app is available for both iOS and Android phones.
Challenge: High cost associated with installation of smart appliances
Smart appliances are relatively expensive as compared to conventional appliances. To connect all the appliances in the house, they must be connected via a common interface for communication. Installation costs can range from USD 50 to USD 1,000, depending upon the number of appliances and technology used. Although it is beneficial for the long run, attracting consumers at these costs can be a challenge for companies. Currently, smart appliances are installed in most American and European homes.
However, a significant percentage of the population in these regions still find high-end smart home appliances with advanced technologies unaffordable. In Asian countries such as India and China, a sizeable portion of the population cannot afford even basic home appliances. Thus, the high cost of purchase, as well as maintenance, can hinder the growth of this market at a global level. To overcome this, efforts could be taken to make customers aware of the long-term benefits of adopting smart appliances.
Smart Appliances Market Segmentation
Smart appliances market for smart ovens segment is anticipated to grow at the highest CAGR
A variety of products are offered by the smart appliance. An oven is an appliance used in the kitchen for cooking and heating food. The same work is done by smart ovens, but with additional features such as a touch screen door, a multifunctional range of cooking, and built-in cameras for checking food without opening the door. With smart ovens, you can connect to Wi-Fi and use voice recognition. Smartphones and tablets can be used to set timers, monitor cooking status, and preheat food in NFC-enabled ovens. The self-cleaning of an oven can also be monitored by the user. The smart oven allows users to choose a recipe from pre-programmed recipes, control the cooking time and temperature remotely, download favorite recipes, and assist with grocery shopping. LG Electronics (South Korea), Samsung Electronics (South Korea), and Panasonic (Japan) are major manufacturers of smart ovens. Thus, smart ovens are driving the growth of the smart appliances market.
Wi-Fi technology likely to account for largest market share during the forecast period as substantial number of manufacturers are majorly developing Wi-Fi technology-based appliances.
It is estimated that Wi-Fi technology will account for the largest share of the smart appliances market during the forecast period. The reasons for this include the development of Wi-Fi technology-based appliances by companies including Whirlpool (US), Samsung Electronics (South Korea), LG Electronics (South Korea), and Electrolux (Sweden). In the growing trend of home automation, appliances such as smart washers, dryers, refrigerators, dishwashers, and air conditioners are being designed with Wi-Fi capabilities.
Residential segment to dominate smart appliances market during the forecast period due to significant increase in demand during recent years
In 2020, the residential sector held the largest size of the smart appliances market; it is expected to witness significant growth during the forecast period. The demand for smart appliances has seen a significant increase in recent years—mainly due to the rise in digitalization across the world. In addition, increasing internet penetration and easy accessibility of smart appliances are furthering creating a supportive dais for the market growth. Consumers prefer smart appliances due to the convenience offered by them; with the help of smartphones, home appliances of the entire home can be controlled from anywhere. It also increases the safety of the house.
Smart Appliances Industry Regional Analysis
Smart appliances market in North America accounted for the largest market share of global smart appliances
In 2020, North America accounted for the largest share of the smart appliances market, and a similar trend is likely to be observed during the forecast period. High demand for smart appliances from the residential sector is one of the major factors leading to the dominant position of North America in the market. Additionally, various grants from the US Government for smart grid projects are also driving the market growth in this region. The market in APAC is expected to grow at the highest CAGR in the market. The APAC is home to major smart appliance manufacturers, namely Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), and LG Electronics (South Korea), which always focus on technological innovations. Also, China, Japan, South Korea, and India are potential high-growth markets for smart appliances industry.
To know about the assumptions considered for the study, download the pdf brochure
Smart Appliances Market Key Players
Include Samsung Electronics (South Korea), LG Electronics (South Korea), Panasonic (Japan), Whirlpool (US), and Haier Smart Home (China) are smart appliances companies operating in the market. Product launches and developments are expected to continue to be one of the major strategies adopted by these players to grow in the market from 2019 to June 2021.
Smart Appliances Market Report Scope
|
Report Attributes |
Details |
|
Estimated Market Size |
USD 33.8 Billion |
| Projected Market Size | USD 76.4 Billion |
| Growth Rate | 17.7% |
| Base Year Considered | 2020 |
| Historical Data Available for Years | 2017–2026 |
|
Forecast Period |
2021–2026 |
|
Segments Covered |
|
|
Region Covered |
|
| Market Leaders |
|
| Top Companies in North America |
|
| Key Market Driver | Rising availability of wireless connectivity solutions |
| Key Market Opportunity | Integration of new technologies, such as AI, with smart appliances |
| Largest Growing Region | North America |
| Largest Market Share Segment | Wi-Fi technology Segment |
| Highest CAGR Segment | Smart ovens Segment |
| Largest Application Market Share | Healthcare & Manufacturing Application |
This research report categorizes the smart appliances market based on offering (products and services), technology, sales channel, end-user industry, and region.
Smart Appliances Market, by Offering
- Products
- Smart Washers
- Smart Dryers
- Smart Air Conditioners
- Smart Water Heaters
- Smart Lighting Devices
- Smart Security Devices
- Smart Vacuum Cleaners
- Smart Refrigerators
- Smart Coffee Makers
- Smart Kettles
- Smart Dish Washers
- Smart Deep Freezers
- Smart Ovens
- Smart Cooktops
- Smart Cookers
- Services
- Consulting
- Repair & Maintenance
- System Integrations
- Others
Market, by Technology
- Wi-Fi
- Bluetooth
- Near Field Communication (NFC)
- Others (ZigBee, RFID, EnOcean, Z-Wave and cellular Networks)
Market, by Sales Channel
- Indirect Sales Channel
- Direct Sales Channel
Market, by End-User Industry
- Residential
- Commercial
Smart Appliances Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- APAC (China, Japan, South Korea, India, and Rest of APAC)
- RoW (South America, and Middle East and Africa)
Recent Developments in Smart Appliances Industry
- In January2021,Samsung Electronics launched Bespoke Flex refrigerators, which include three models—Stainless Steel, Bespoke, and Family Hub. These refrigerators are equipped with Beverage Center, and the Dual Auto Ice Maker.
- In October 2020, Xiaomi and Huami (China) announced a partnership. Huami will help Xiaomi to develop its chips and algorithm for its smart appliances.
- In May 2020, Panasonic and Blue Yonder (US) extended their strategic partnership to accelerate the development of an autonomous supply chain.
- In January 2020, LG Electronics introduced the InstaView smart refrigerator with craft Ice and 2nd generation LG InstaView ThinQ. It offers a more streamlined user experience and entertainment features.
Frequently Asked Questions (FAQ):
Which are the major companies in the smart appliances market? What are their major strategies to strengthen their market presence?
The major companies in the smart appliances market are – Samsung Electronics (South Korea), LG Electronics (South Korea), Panasonic (Japan), Whirlpool (US), Haier Smart Home (China), Electrolux (Sweden), Koninklijke Philips (Netherlands), BSH Hausgerate (Germany), Xiaomi (China), and Miele & Cie. KG (Germany). Players in this market have adopted product launches and development,and acquisitions strategies to increase their market share.
Which is the potential market in terms of the region?
During the forecast period, APAC is expected to grow at the highest CAGR. There are several major smart appliance manufacturers in APAC, including Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), and LG Electronics (South Korea). In addition, China, Japan, South Korea, and India generate massive demand for smart appliances. As a result, APAC is expected to witness tremendous growth in the coming years.
What are the opportunities for new market entrants?
There are significant opportunities in the smart appliances market such as Rise in demand for smart appliances due to COVID-19, and Integration of new technologies, such as AI, with smart appliances.
Which is the emerging offering in smart appliances market?
The smart appliances market is dominated by products and services in terms of market share, while the product segment is experiencing the fastest growth.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 SUMMARY OF CHANGES
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 SMART APPLIANCES MARKET SEGMENTATION
1.4.2 GEOGRAPHIC SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 2 PROCESS FLOW: SMART APPLIANCES MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 Secondary sources
2.1.2.2 Key secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Key data from primary sources
2.1.3.2 Key industry insights
2.1.3.3 Primary interviews with experts
2.1.3.4 List of key primary respondents
2.1.3.5 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis
FIGURE 5 SMART APPLIANCES MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by top-down analysis
FIGURE 6 SMART APPLIANCES MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR RESEARCH STUDY
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
TABLE 1 RISKS
3 EXECUTIVE SUMMARY (Page No. - 47)
3.1 SMART APPLIANCES MARKET: POST COVID-19
3.1.1 REALISTIC SCENARIO
FIGURE 8 REALISTIC SCENARIO: MARKET, 2017–2026 (USD BILLION)
3.1.2 PESSIMISTIC SCENARIO
FIGURE 9 PESSIMISTIC SCENARIO: MARKET, 2017–2026 (USD BILLION)
3.1.3 OPTIMISTIC SCENARIO
FIGURE 10 OPTIMISTIC SCENARIO: MARKET, 2017–2026 (USD BILLION)
FIGURE 11 IMPACT OF COVID-19 ON SMART APPLIANCE MARKET
FIGURE 12 PRODUCTS SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
FIGURE 13 WI-FI SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
FIGURE 14 RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 15 INDIRECT SALES CHANNEL SEGMENT TO HOLD LARGER SHARE OF MARKET DURING FORECAST PERIOD
FIGURE 16 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2020
4 PREMIUM INSIGHTS (Page No. - 54)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SMART APPLIANCES MARKET
FIGURE 17 INCREASING DEMAND FOR SMART APPLIANCES IN APAC TO DRIVE MARKET GROWTH
4.2 MARKET, BY OFFERING
FIGURE 18 PRODUCTS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
4.3 MARKET, BY TECHNOLOGY
FIGURE 19 WI-FI SEGMENT DOMINATED MARKET IN 2020
4.4 MARKET IN NORTH AMERICA, BY COUNTRY AND END USER
FIGURE 20 US AND RESIDENTIAL SEGMENT TO HOLD LARGEST SHARES OF MARKET IN NORTH AMERICA IN 2026
4.5 MARKET, BY SALES CHANNEL
FIGURE 21 INDIRECT SALES CHANNEL SEGMENT TO EXHIBIT HIGHER CAGR FROM 2021 TO 2026
4.6 MARKET, BY COUNTRY (2021)
FIGURE 22 US TO HOLD LARGEST SHARE OF MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 SMART APPLIANCES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing penetration of internet and smartphones across world
FIGURE 24 REGION-WISE INTERNET USAGE DATA TILL SEPTEMBER 2020
5.2.1.2 Rising availability of wireless connectivity solutions
5.2.1.3 Intensifying consumer focus on convenience, cost reduction, and energy conservation
FIGURE 25 DRIVERS FOR MARKET AND THEIR IMPACTS
5.2.2 RESTRAINTS
5.2.2.1 Data privacy concerns among end users
FIGURE 26 DATA BREACH COMPLAINTS IN US, 2018-2020
FIGURE 27 RESTRAINTS FOR MARKET AND THEIR IMPACTS
5.2.3 OPPORTUNITIES
5.2.3.1 Rise in demand for smart appliances due to COVID-19
5.2.3.2 Integration of new technologies, such as AI, with smart appliances
FIGURE 28 OPPORTUNITIES FOR MARKET AND THEIR IMPACTS
5.2.4 CHALLENGES
5.2.4.1 Achieving zero carbon emission and circular economy
5.2.4.2 High cost associated with installation of smart appliances
5.2.4.3 Compatibility problem between devices of different companies
FIGURE 29 CHALLENGES FOR MARKET AND THEIR IMPACTS
5.3 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: MARKET
5.4 PORTER’S FIVE FORCE ANALYSIS
5.4.1 DEGREE OF COMPETITION
5.4.2 THREAT OF SUBSTITUTES
5.4.3 BARGAINING POWER OF BUYERS
5.4.4 BARGAINING POWER OF SUPPLIERS
5.4.5 THREAT OF NEW ENTRANTS
TABLE 2 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.5 PRICING ANALYSIS
FIGURE 31 AVERAGE SELLING PRICE OF SMART APPLIANCES
5.6 TRADE ANALYSIS
5.6.1 TRADE ANALYSIS FOR MARKET
FIGURE 32 HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINE: GLOBAL IMPORTS DATA, 2016–2020 (USD MILLION)
TABLE 3 HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINE: GLOBAL IMPORTS DATA, 2016–2020 (USD MILLION)
FIGURE 33 HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINE: GLOBAL EXPORTS DATA, 2016–2020 (USD MILLION)
TABLE 4 HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINE: GLOBAL EXPORTS DATA, 2016–2020 (USD MILLION)
FIGURE 34 REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING APPLIANCES: GLOBAL IMPORT DATA, 2016–2020 (USD MILLION)
TABLE 5 REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING APPLIANCES: GLOBAL IMPORT DATA, 2016–2020 (USD MILLION)
FIGURE 35 REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING APPLIANCES: GLOBAL EXPORT DATA, 2016–2020 (USD MILLION)
TABLE 6 REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING APPLIANCES: GLOBAL EXPORT DATA, 2016–2020 (USD MILLION)
5.6.2 TARIFF ANALYSIS
TABLE 7 TARIFF RATES FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT EXPORTED BY CHINA IN 2019
TABLE 8 TARIFF RATES FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT EXPORTED BY MEXICO IN 2019
TABLE 9 TARIFF RATES FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT EXPORTED BY US IN 2019
TABLE 10 TARIFF RATES FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT EXPORTED BY GERMANY IN 2019
TABLE 11 TARIFF RATES FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT EXPORTED BY KOREA REPUBLIC IN 2019
TABLE 12 TARIFF RATES FOR HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES EXPORTED BY CHINA IN 2019
TABLE 13 TARIFF RATES FOR HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES EXPORTED BY GERMANY IN 2019
TABLE 14 TARIFF RATES FOR HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES EXPORTED BY THAILAND IN 2019
TABLE 15 TARIFF RATES FOR HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES EXPORTED BY US IN 2019
TABLE 16 TARIFF RATES FOR HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES EXPORTED BY KOREA REPUBLIC IN 2019
5.7 ECOSYSTEM
FIGURE 36 MARKET: ECOSYSTEM
TABLE 17 MARKET: ECOSYSTEM
FIGURE 37 REVENUE SHIFT IN MARKET
5.8 CASE STUDY ANALYSIS
5.8.1 PANASONIC PROVIDED FACE RECOGNITION SYSTEM AT DENMARK FOOTBALL STADIUM FOR BETTER SECURITY
5.8.2 JOHNSON CONTROLS HELPED HOUSING AUTHORITY BY UPGRADING ITS SECURITY SYSTEM
5.8.3 INNOVATIVE SURVEILLANCE SOLUTION OFFERED BY JOHNSON CONTROLS HELPED RESEARCHERS AT NOAA
5.8.4 LESCO LIGHTING TECHNOLOGY PROVIDING EXPERT INDOOR ARCHITECTURAL LIGHTING IN A MODERN WORKSPACE
5.9 PATENT ANALYSIS
TABLE 18 NUMBER OF PATENTS REGISTERED IN SMART APPLIANCES MARKET IN LAST 10 YEARS
FIGURE 38 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 39 NO. OF PATENTS GRANTED PER YEAR, 2010–2020
5.10 TECHNOLOGY ANALYSIS
5.10.1 COMBINING AI AND BIG DATA FOR AUTONOMOUS DRIVING SERVICES
5.10.2 SOLVING SOCIAL ISSUES USING ROBOTS
5.10.3 SAMSUNG’S NEW INNOVATIVE TECHNOLOGY BASED ON AI
5.10.4 ADAPTIVE INTELLIGENCE TECHNOLOGY IN SMART APPLIANCES
5.11 MARKET REGULATIONS, STANDARDS, AND PROTOCOLS
5.11.1 STANDARDS
5.11.2 REGULATIONS
5.11.2.1 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America
5.11.3 PROTOCOLS
5.11.3.1 DALI
5.11.3.2 NEMA
5.11.3.3 KNX
5.11.3.4 DMX
5.11.3.5 LonWorks
5.11.3.6 BACnet
5.11.3.7 Black box
6 SMART APPLIANCES MARKET, BY OFFERING (Page No. - 88)
6.1 INTRODUCTION
FIGURE 40 MARKET SEGMENTATION, BY OFFERING
FIGURE 41 SERVICES SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 19 MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 20 MARKET, BY OFFERING, 2021–2026 (USD MILLION)
6.2 PRODUCTS
TABLE 21 MARKET FOR PRODUCTS, BY TYPE, 2017–2020 (USD MILLION))
TABLE 22 MARKET FOR PRODUCTS, BY TYPE, 2021–2026 (USD MILLION)
6.2.1 SMART WASHERS
6.2.1.1 Innovative features in smart washers reduce human intervention
TABLE 23 SMART WASHERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 24 SMART WASHERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 25 SMART WASHERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 26 SMART WASHERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 27 SMART WASHERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 28 SMART WASHERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.2 SMART DRYERS
6.2.2.1 Smart dryers help to increase energy efficiency and reduce human intervention
TABLE 29 SMART DRYERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 30 SMART DRYERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 31 SMART DRYERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 32 SMART DRYERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 33 SMART DRYERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 SMART DRYERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.3 SMART AIR CONDITIONERS (AC)
6.2.3.1 Introduction of energy-efficient models have boosted demand for smart air conditioners
6.2.3.2 Smart appliances market for smart air conditioners: COVID-19 impact
FIGURE 42 IMPACT OF COVID-19 ON MARKET FOR SMART AIR CONDITIONERS
TABLE 35 POST-COVID-19: MARKET FOR SMART AIR CONDITIONERS, 2017–2026 (USD MILLION)
TABLE 36 SMART AIR CONDITIONERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 37 SMART AIR CONDITIONERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 38 SMART AIR CONDITIONERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 39 SMART AIR CONDITIONERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 40 SMART AIR CONDITIONERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 41 SMART AIR CONDITIONERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.4 SMART WATER HEATERS
6.2.4.1 Smart water heaters can turn off automatically when hot water demands are low
TABLE 42 SMART WATER HEATERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 43 SMART WATER HEATERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 44 SMART WATER HEATERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 45 SMART WATER HEATERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 46 SMART WATER HEATERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 47 SMART WATER HEATERS MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 43 APAC IS ESTIMATED TO LEAD MARKET FOR SMART WATER HEATERS DURING FORECAST PERIOD
6.2.5 SMART LIGHTING DEVICES
6.2.5.1 Motion detection feature has raised demand for smart lighting products
TABLE 48 SMART LIGHTINING DEVICES MARKET, BY VALUE AND VOLUME, 2017–2020, BY VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 49 SMART LIGHTING DEVICES MARKET, BY VALUE AND VOLUME, 2021–2026, BY VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 50 SMART LIGHTING DEVICES MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 51 SMART LIGHTING MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 52 SMART LIGHTING DEVICES MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 53 SMART LIGHTING DEVICES MARKET, BY REGION,2021–2026 (USD MILLION)
6.2.6 SMART SECURITY DEVICES
6.2.6.1 Smart security devices send notifications or audio alerts if they detect any motion or noise in vicinity
6.2.6.2 Smart appliances market for smart security devices: COVID-19 impact
FIGURE 44 IMPACT OF COVID-19 ON MARKET FOR SMART SECURITY DEVICES
TABLE 54 POST-COVID-19: MARKET FOR SMART SECURITY DEVICES, 2017–2026 (USD MILLION)
TABLE 55 SMART SECURITY DEVICES MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 56 SMART SECURITY DEVICES MARKET, BY VALUE AND VOLUME, 2021–2026, BY VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 57 SMART SECURITY DEVICES MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 58 SMART SECURITY DEVICES MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 59 SMART SECURITY DEVICES MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 SMART SECURITY DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 45 SMART SECURITY DEVICES MARKET IN APAC IS ESTIMATED TO GROW AT HIGHEST CAGR IN DURING FORECAST PERIOD
6.2.7 SMART VACUUM CLEANERS
6.2.7.1 Integration with robotic technology has fueled demand for smart vacuum cleaners
TABLE 61 SMART VACUUM CLEANERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 62 SMART VACUUM CLEANERS MARKET, BY VALUE AND VOLUME, 2021–2026, BY VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 63 SMART VACUUM CLEANERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 64 SMART VACUUM CLEANERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 65 SMART VACUUM CLEANERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 66 SMART VACUUM CLEANERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.8 SMART REFRIGERATORS
6.2.8.1 Smart refrigerators are equipped with internal cameras that help to notify users about expiration dates of items
6.2.8.2 Market for smart refrigerators: COVID-19 impact
FIGURE 46 IMPACT OF COVID-19 ON MARKET FOR SMART REFRIGERATORS
TABLE 67 POST-COVID-19: MARKET FOR SMART REFRIGERATORS, 2017–2026 (USD MILLION)
TABLE 68 SMART REFRIGERATORS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 69 SMART REFRIGERATORS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 70 SMART REFRIGERATORS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 71 SMART REFRIGERATORS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 72 SMART REFRIGERATOR MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 73 SMART REFRIGERATOR MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 47 ASIA PACIFIC IS EXPECTED TO CAPTURE LARGEST SIZE OF SMART REFRIGERATORS MARKET DURING FORECAST PERIOD
6.2.9 SMART COFFEE MAKERS
6.2.9.1 Smart coffee makers are designed with reusable filters to reduce waste
TABLE 74 SMART COFFEE MAKERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 75 SMART COFFEE MAKERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 76 SMART COFFEE MAKERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 77 SMART COFFEE MAKERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 78 SMART COFFEE MAKER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 79 SMART COFFEE MAKER MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.10 SMART KETTLES
6.2.10.1 Smart kettles can be operated using voice commands
TABLE 80 SMART KETTLES MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 81 SMART KETTLES MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 82 SMART KETTLES MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 83 SMART KETTLES MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 84 SMART KETTLES MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 85 SMART KETTLES MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 48 MARKET FOR SMART KETTLES IS ESTIMATED TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
6.2.11 SMART DISH WASHERS
6.2.11.1 Smart dishwashers help to reduce water, energy, and detergent usage
TABLE 86 SMART DISHWASHERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 87 SMART DISHWASHERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 88 SMART DISHWASHERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 89 SMART DISHWASHERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 90 SMART DISHWASHERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 91 SMART DISHWASHERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.12 SMART DEEP FREEZERS
6.2.12.1 Increased demand from hospitals, pharmaceutical providers, and forensic labs to favor market growth
TABLE 92 SMART DEEP FREEZERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 93 SMART DEEP FREEZERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 94 SMART DEEP FREEZERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 95 SMART DEEP FREEZERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 96 SMART DEEP FREEZERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 97 SMART DEEP FREEZERS MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 49 NORTH AMERICA TO CONTINUE TO HOLD LARGEST SIZE OF MARKET FOR SMART DEEP FREEZERS DURING FORECAST PERIOD
6.2.13 SMART OVENS
6.2.13.1 Smart ovens assist with making grocery list for favorite recipes
TABLE 98 SMART OVENS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 99 SMART OVENS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 100 SMART OVENS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 101 SMART OVENS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 102 SMART OVENS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 103 SMART OVENS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.2.14 SMART COOKTOPS
6.2.14.1 Smart cooktops are available in different variants
6.2.14.2 Market for smart cooktops: COVID-19 impact
FIGURE 50 IMPACT OF COVID-19 ON MARKET FOR SMART COOKTOPS
TABLE 104 POST-COVID-19: MARKET FOR SMART COOKTOPS, 2017–2026 (USD MILLION)
TABLE 105 SMART COOKTOPS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 106 SMART COOKTOPS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 107 SMART COOKTOPS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 108 SMART COOKTOPS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 109 SMART COOKTOPS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 110 SMART COOKTOPS MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 51 MARKET FOR SMART COOKTOPS IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
6.2.15 SMART COOKERS
6.2.15.1 Smart cookers are devoid of safety problems associated with traditional cookers
TABLE 111 SMART COOKERS MARKET, BY VALUE AND VOLUME, 2017–2020, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 112 SMART COOKERS MARKET, BY VALUE AND VOLUME, 2021–2026, VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS)
TABLE 113 SMART COOKERS MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 114 SMART COOKERS MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 115 SMART COOKERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 116 SMART COOKERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.3 SERVICES
6.3.1 CONSULTING SERVICES
6.3.1.1 Increasing in demand for smart appliances to boost demand for consulting services
6.3.2 REPAIR AND MAINTENANCE
6.3.2.1 After-sales service help to improve life span of smart appliances
6.3.3 SYSTEM INTEGRATION
6.3.3.1 Increasing trend of home automation is boosting demand for system integration services
6.3.4 OTHERS
TABLE 117 MARKET FOR SERVICES, BY END USER, 2017–2020 (USD MILLION)
TABLE 118 MARKET FOR SERVICES, BY END USER, 2021–2026 (USD MILLION)
TABLE 119 MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 120 MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
7 SMART APPLIANCES MARKET, BY TECHNOLOGY (Page No. - 131)
7.1 INTRODUCTION
FIGURE 52 MARKET SEGMENTATION, BY TECHNOLOGY
FIGURE 53 WI-FI TECHNOLOGY IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 121 MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 122 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
7.2 WI-FI
7.2.1 BUILT-IN WI-FI TECHNOLOGY INCREASES DEMAND FOR SMART APPLIANCES
7.3 BLUETOOTH
7.3.1 BLUETOOTH TECHNOLOGY IS SIGNIFICANTLY USED IN LOW-RANGE CONNECTIVITY APPLIANCES
7.4 NEAR FIELD COMMUNICATION (NFC)
7.4.1 SECURITY AND AUTHENTICATION FEATURE DRIVE DEMAND FOR NFC TECHNOLOGY
7.5 OTHERS
7.5.1 ZIGBEE
7.5.2 RFID
7.5.3 ENOCEAN
7.5.4 Z-WAVE
7.5.5 CELLULAR NETWORK
8 SMART APPLIANCES MARKET, BY SALES CHANNEL (Page No. - 136)
8.1 INTRODUCTION
FIGURE 54 MARKET SEGMENTATION, BY SALES CHANNEL
FIGURE 55 INDIRECT SALES CHANNEL IS EXPECTED TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD
TABLE 123 MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 124 MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
8.2 DIRECT SALES CHANNEL
8.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS OPT FOR DIRECT SALES OF SMART APPLIANCES
8.3 INDIRECT SALES CHANNEL
8.3.1 INDIRECT SALES OF SMART APPLIANCES HAS INCREASED POST COVID-19 OUTBREAK
9 SMART APPLIANCES MARKET, BY END USER (Page No. - 139)
9.1 INTRODUCTION
FIGURE 56 MARKET SEGMENTATION, BY END USER
FIGURE 57 RESIDENTIAL SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
TABLE 125 MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 126 MARKET, BY END USER, 2021–2026 (USD MILLION)
9.2 RESIDENTIAL
9.2.1 HOME AUTOMATION TREND TO FUEL DEMAND FOR SMART APPLIANCES IN RESIDENTIAL SECTOR
TABLE 127 MARKET FOR RESIDENTIAL, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 128 MARKET FOR RESIDENTIAL, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 129 MARKET FOR RESIDENTIAL, BY REGION, 2017–2020 (USD MILLION)
TABLE 130 MARKET FOR RESIDENTIAL, BY REGION, 2021–2026 (USD MILLION)
9.2.2 MARKET FOR RESIDENTIAL: COVID-19 IMPACT
FIGURE 58 IMPACT OF COVID-19 ON MARKET FOR RESIDENTIAL
TABLE 131 POST-COVID-19: MARKET FOR RESIDENTIAL, 2017–2026 (USD MILLION)
9.3 COMMERCIAL
9.3.1 NEED FOR CENTRALIZED CONNECTIVITY BOOSTS DEMAND FOR SMART APPLIANCES AMONG COMMERCIAL END USERS
TABLE 132 MARKET FOR COMMERCIAL, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 133 MARKET FOR COMMERCIAL, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 134 MARKET FOR COMMERCIAL, BY REGION, 2017–2020 (USD MILLION)
TABLE 135 MARKET FOR COMMERCIAL, BY REGION, 2021–2026 (USD MILLION)
9.3.2 MARKET FOR COMMERCIAL: COVID-19 IMPACT
FIGURE 59 IMPACT OF COVID-19 ON MARKET FOR COMMERCIAL
TABLE 136 POST-COVID-19: MARKET FOR COMMERCIAL, 2017–2026 (USD MILLION)
10 SMART APPLIANCES MARKET, GEOGRAPHIC ANALYSIS (Page No. - 147)
10.1 INTRODUCTION
FIGURE 60 GEOGRAPHIC SNAPSHOT - DEVELOPING COUNTRIES ARE EMERGING AS NEW HOTSPOTS
TABLE 137 MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 138 MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 61 SNAPSHOT: MARKET IN NORTH AMERICA
10.2.1 MARKET IN NORTH AMERICA: COVID-19 IMPACT
FIGURE 62 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
TABLE 139 POST-COVID-19: MARKET IN NORTH AMERICA, 2017–2026 (USD MILLION)
TABLE 140 MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 141 MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 142 MARKET IN NORTH AMERICA, BY END USER, 2017–2020 (USD MILLION)
TABLE 143 MARKET IN NORTH AMERICA, BY END USER, 2021–2026 (USD MILLION)
TABLE 144 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 145 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.2.2 US
10.2.2.1 US to be largest market for smart appliances during forecast period
10.2.3 CANADA
10.2.3.1 Investment in R&D activities will boost market growth in Canada
10.2.4 MEXICO
10.2.4.1 Trade agreement with US will catalyze market growth in Mexico
10.3 EUROPE
FIGURE 63 SNAPSHOT: MARKET IN EUROPE
TABLE 146 MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 147 MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 148 MARKET IN EUROPE, BY END USER, 2017–2020 (USD MILLION)
TABLE 149 MARKET IN EUROPE, BY END USER, 2021–2026 (USD MILLION)
TABLE 150 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 151 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
10.3.1 UK
10.3.1.1 Government initiatives to encourage adoption of energy-efficient products will drive demand for smart appliances in UK
10.3.2 GERMANY
10.3.2.1 Presence of smart appliance manufacturing units of large companies will support market growth in Germany
10.3.3 FRANCE
10.3.3.1 Adoption of smart home appliances augments market growth in France
10.3.4 ITALY
10.3.4.1 High focus on manufacturing industry strengthens smart appliances market in Italy
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 64 SNAPSHOT: SMART APPLIANCES MARKET IN APAC
10.4.1 SMART APPLIANCES MARKET IN APAC: COVID-19 IMPACT
FIGURE 65 IMPACT OF COVID-19 ON MARKET IN APAC
TABLE 152 POST-COVID-19: MARKET IN APAC, 2017–2026 (USD MILLION)
TABLE 153 MARKET IN APAC, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 154 MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 155 MARKET IN APAC, BY END USER, 2017–2020 (USD MILLION)
TABLE 156 MARKET IN APAC, BY END USER, 2021–2026 (USD MILLION)
TABLE 157 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 158 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
10.4.2 CHINA
10.4.2.1 China to account for largest size of APAC market during forecast period
10.4.3 JAPAN
10.4.3.1 Trade agreements will boost market growth in Japan
10.4.4 SOUTH KOREA
10.4.4.1 Presence of leading smart appliance-manufacturing companies will underpin market growth in South Korea
10.4.5 INDIA
10.4.5.1 Rising electronics manufacturing to augment market growth in India
10.4.6 REST OF APAC
10.5 REST OF WORLD (ROW)
TABLE 159 MARKET IN ROW, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 160 MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 161 MARKET IN ROW, BY END USER, 2017–2020 (USD MILLION)
TABLE 162 MARKET IN ROW, BY END USER, 2021–2026 (USD MILLION)
TABLE 163 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 164 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.5.1 SOUTH AMERICA
10.5.1.1 High demand from Brazil drives market growth in South America
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 High demand from residential segment drives market in Middle East & Africa
11 COMPETITIVE LANDSCAPE (Page No. - 168)
11.1 OVERVIEW
11.2 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 66 REVENUE ANALYSIS (USD BILLION), 2016–2020
11.3 MARKET SHARE ANALYSIS, 2020
TABLE 165 MARKET: DEGREE OF COMPETITION
FIGURE 67 MARKET SHARE ANALYSIS: GLOBAL MARKET, 2020
11.4 COMPANY EVALUATION QUADRANT
11.4.1 STAR
11.4.2 EMERGING LEADER
11.4.3 PERVASIVE
11.4.4 PARTICIPANT
FIGURE 68 MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
11.4.5 COMPANY FOOTPRINT
TABLE 166 COMPANY FOOTPRINT: MARKET
TABLE 167 COMPANY END USER FOOTPRINT: SMART APPLIANCE MARKET
TABLE 168 COMPANY OFFERING FOOTPRINT: SMART APPLIANCE MARKET
TABLE 169 COMPANY REGION FOOTPRINT: SMART APPLIANCE MARKET
11.5 MARKET STARTUP/SME EVALUATION MATRIX, 2020
11.5.1 PROGRESSIVE COMPANY
11.5.2 RESPONSIVE COMPANY
11.5.3 DYNAMIC COMPANY
11.5.4 STARTING BLOCK
FIGURE 69 MARKET, STARTUP/SME EVALUATION MATRIX, 2020
11.6 COMPETITIVE SITUATIONS AND TRENDS
11.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 170 PRODUCT LAUNCHES AND DEVELOPMENTS, 2020–2021
11.6.2 DEALS
TABLE 171 DEALS, 2019–2021
12 COMPANY PROFILES (Page No. - 180)
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
12.2.1 SAMSUNG ELECTRONICS
TABLE 172 SAMSUNG ELECTRONICS: BUSINESS OVERVIEW
FIGURE 70 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
12.2.2 LG ELECTRONICS
TABLE 173 LG ELECTRONICS: BUSINESS OVERVIEW
FIGURE 71 LG ELECTRONICS: COMPANY SNAPSHOT
12.2.3 PANASONIC
TABLE 174 PANASONIC: BUSINESS OVERVIEW
FIGURE 72 PANASONIC: COMPANY SNAPSHOT
12.2.4 WHIRLPOOL
TABLE 175 WHIRLPOOL: BUSINESS OVERVIEW
FIGURE 73 WHIRLPOOL: COMPANY SNAPSHOT
12.2.5 HAIER SMART HOME
TABLE 176 HAIER SMART HOME: BUSINESS OVERVIEW
FIGURE 74 HAIER SMART HOME: COMPANY SNAPSHOT
12.2.6 XIAOMI
TABLE 177 XIAOMI: BUSINESS OVERVIEW
FIGURE 75 XIAOMI: COMPANY SNAPSHOT
12.2.7 ELECTROLUX
TABLE 178 ELECTROLUX: BUSINESS OVERVIEW
FIGURE 76 ELECTROLUX: COMPANY SNAPSHOT
12.2.8 KONINKLIJKE PHILIPS
TABLE 179 KONINKLIJKE PHILIPS: BUSINESS OVERVIEW
FIGURE 77 KONINKLIJKE PHILIPS: COMPANY SNAPSHOT
12.2.9 BSH HAUSGERÄTE
TABLE 180 BSH HAUSGERÄTE : BUSINESS OVERVIEW
FIGURE 78 BSH HAUSGERÄTE : COMPANY SNAPSHOT
12.2.10 MIELE & CIE. KG
TABLE 181 MIELE & CIE. KG: BUSINESS OVERVIEW
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12.3 OTHER PLAYERS
12.3.1 SIEMENS
12.3.2 ACUITY BRANDS
12.3.3 ONIDA ELECTRONICS
12.3.4 VIVINT
12.3.5 SCHNEIDER ELECTRIC
12.3.6 JOHNSON CONTROLS
12.3.7 ABB
12.3.8 LEGRAND
12.3.9 LUTRON ELECTRONICS
12.3.10 CONTROL4
12.3.11 CRESTRON
12.3.12 LEONI
12.3.13 SIMPLY SMART HOME
12.3.14 SMARTEC SYSTEMS
12.3.15 OPEN APPLIANCES
13 APPENDIX (Page No. - 229)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the smart appliances market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include smart appliances technology journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the smart appliances market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the smart appliances market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both demand and supply sides.
Report Objectives
The following are the primary objectives of the study.
- To define, describe, and forecast the smart appliances market, in terms of value, based on offering(product & services), technology, sales channel, end-user industry, and region.
- To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective country-level market sizes, in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth.
- To provide a detailed overview of the smart appliances value chain
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global smart appliances market.
- To profile key players and comprehensively analyze their ranking based on their revenues and core competencies.
- To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market.
- To analyze competitive developments in the market, such as expansion, agreements, partnerships, contracts, product developments, and research and development (R&D)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 25)
Generating Response ...
Growth opportunities and latent adjacency in Smart Appliances Market