PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1269475
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1269475
Global Smart Home Appliances Market Overview
According to SPER Market Research, the Global Smart Home Appliances Market is estimated to reach USD 78.47 billion by 2032 with a CAGR of 8.87%.
Global Smart Home Appliances are the latest technology-based appliances that can be integrated with a home's network and can be controlled through various devices like smartphones, tablets, or voice assistants. These appliances are designed to make life easier and more convenient for people. Some examples of Global Smart Home Appliances are smart thermostats, smart lights, smart locks, smart security systems, and smart kitchen appliances like refrigerators, ovens, and coffee makers. With these appliances, users can monitor and control their homes' environment, security, and energy usage, even when they are away from home.
Exploring the Growth Drivers of the Global Smart Home Appliances Industry
The global market for Global Smart Home Appliances is expected to see significant growth during the forecast period, owing to several factors. The convenience offered by these devices, as well as the time saved by using them instead of manually operating them, are major reasons for their increasing popularity. The rise in adoption of mobile devices and technologically advanced products, along with the expansion of high-speed internet networks, are other drivers of this market growth.
In what ways has the COVID-19 pandemic affected Global Smart Home Appliances Market?
The COVID-19 pandemic has left a mixed impact on the Global Smart Home Appliances market. On the one hand, the pandemic has disrupted supply chains and reduced demand for Global Smart Home Appliances due to lockdowns and economic slowdowns in many countries. With the rise of the pandemic, people have become more cautious about hygiene and social distancing, leading to an increased demand for contactless technology, including smart home appliances.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Products, By Offering, By Technology, By sales Channel, By End user industry
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
Companies Covered Xiaomi, LG Electronics, Panasonic, Samsung Electronics, Electrolux, Koninklijke Philips, BSH Hausgerate, Haier Smart Home, Miele & Cie. KG, Whirlpool, Apple Inc.
Global Smart Home Appliances Market Segmentation:
By Product: Based on the Product, Global Smart Home Appliances Market is segmented as; Products, Smart Washers, Smart Dryers, Smart Air Conditioners, Smart Water Heaters, Smart Lighting Devices, Smart Kettles, Smart Dish Washers, Smart Deep Freezers, Smart Ovens, Smart Cookers.
By Technology: Based on the Technology, Global Smart Home Appliances Market is segmented as; Commercial, Direct Sales Channel, Indirect Sales Channel, Residential, Bluetooth, Near Field Communication (NFC), Wi-Fi, others.
By End-User Industry: Based on the End-User Industry, Global Smart Home Appliances Market is segmented as; Residential, Commercial.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.