Smart Home Appliances Market Emerging Trends, Competitive Landscape and Analysis till 2025
Global Smart Home Appliances Market is anticipated to witness an exponential growth in the forecast period. Smart home appliances provide connectivity via diverse interactive wireless procedures such as Wi-Fi, Bluetooth, and NFC. They are mostly connected through microcontrollers. The factors that propel the growth of the market include increasing acceptance of IoT and rising demand for smart homes, improving the lifestyle of people, technological advancements, development in electronics and communication technologies, and increasing buying power.
Global Smart Home Appliances Market is anticipated to witness an exponential growth in the forecast period. Smart home appliances provide connectivity via diverse interactive wireless procedures such as Wi-Fi, Bluetooth, and NFC. They are mostly connected through microcontrollers. The factors that propel the growth of the market include increasing acceptance of IoT and rising demand for smart homes, improving the lifestyle of people, technological advancements, development in electronics and communication technologies, and increasing buying power.
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technology to work a large number of home appliances from isolated locations. The key applications that could be
explored in the smart home appliances market include Commercial and Residential.
North America accounted for the major share of the smart home appliances market in 2017 and will continue to lead in
the forecast period. The factors that could be attributed to the growth include strong research and development in the
field, high presence of a large number of industrial companies, penetration of Internet of Things and others. North
America is followed by Asia-Pacific region owing to increasing consciousness among individual, growth of technology
in the region, and rising demand of smart home appliances, rising disposable income has led to change lifestyle among
individuals.
Some of the key players that fuel the growth of the smart home appliances market comprise Panasonic Corporation,
General Electric Company, LG Electronics, Inc., Electrolux AB, Koninklijke Philips N.V., Samsung Electronics Co.,
Ltd., Haier Electronics Group Co., Ltd., Apple, Inc., BSH Hausgerate GmbH, Whirlpool Corporation, and Miele & Cie.
KG. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, revenue (million USD),
market share and growth rate of Smart Home Appliances in these regions, from 2013 to 2025 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan
Global Smart Home Appliances market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Samsung
• BSH
• GE
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