Smart Home Appliances Market - Trends Forecast Till 2028

Smart Home Appliances Market, by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CG-SHAM-1052

Format:  

Number of Pages: 318

Domain: Consumer Goods & Services

Smart Home Appliances Market – Trends Forecast Till 2028

The global smart home appliances market size is projected to reach USD 77 billion by 2026 at a CAGR of 17.6% from USD 33.9 billion in 2021 during the forecast period 2021-2028.

Smart home appliance is a part of smart home wherein the normally used appliance are replaces with smart appliances which are controlled automatically from anywhere around the world and thus giving the ease of comfort to the user. These devices are AI driven and thus use internet for the connectivity and functionality.

The recent surge in demand for smart phones along with the internet penetration into the usage are some of the factors that have supported long-term expansion for Smart Home Appliances Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Owing to lockdown conditions the time spent t home by most of the people has increased to several folds and thus has led to an increased demand for smart appliances.

Smart Home Appliances Market Analysis Report

Asia Pacific is expected to be the largest market during the forecast period. The presence of key players along with the increased demand has led to the expansion of market in the region.

Smart Home Appliances Market is segmented into Offering (products & services), Technology, Sales Channel, End-User Industry and geography.

On the basis of 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

On the basis of Technology

  • Wi-Fi
  • Bluetooth
  • Near Field Communication (NFC)
  • Others (ZigBee, RFID, EnOcean, Z-Wave and cellular Networks)

On the basis of Sales Channel

  • Indirect Sales Channel
  • Direct Sales Channel

On the basis of End-User Industry

  • Residential
  • Commercial

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Smart Home Appliances Market Primary Respondent

 

Key Players

  • Xiaomi
  • LG Electronics
  • Panasonic
  • Samsung Electronics
  • Whirlpool
  • Electrolux
  • Koninklijke Philips
  • BSH Hausgerate
  • Haier Smart Home
  • Miele & Cie. KG

Recent Developments

  • In January 2021, LG Electronics has come up with LG CordZeroThinQ A9 vacuum cleaner, which is equipped with an enhanced "Wet Mopping" mode in addition to a comprehensive "Vacuum+Mop" mode thus ensuring a hassle-free cleaning experience.
  • In August 2020, Haier Smart Home launched a new rooftop air conditioner integrated with heat pump and is a high-efficiency model.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Smart Home Appliances market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 33.9 billion

Growth Rate

CAGR of 17.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

offering (products and services), technology, sales channel, end-user industry and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Xiaomi , LG Electronics , Panasonic , Samsung Electronics , Whirlpool , Electrolux , Koninklijke Philips , BSH Hausgerate , Haier Smart Home , and Miele & Cie. KG

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