Authored By: Sarah
22 Mar 2022

Smart Home Appliances Market | Leading Segments, Trends, Drivers and Challenges

B Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., and Robert Bosch GmbH are among the key vendors discussed in the research report

Decelerating at a CAGR of over 16%, the Global Smart home appliances market is expected to grow by $ 31.66 billion during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.


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Smart Home Appliances | Market Size to Grow by $ 31.66 Billion through 2021-2024 | Market Recovery and Growth Forecast

Smart Home Appliances Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Product (Smart washing machines, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers), Distribution channel (offline and online), and Geography (North America, APAC, Europe, South America, and MEA).
  • 40% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Smart Home Appliances Market size.

Smart Home Appliances Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Adoption of wireless connecting devices will be a significant factor in driving the growth of the Smart Home Appliances Market.
  • Growing penetration of smartphones and ever increasing internet speed is one of the key smart home appliances market trends.

Smart Home Appliances Market: Vendor Analysis

  • The market is fragmented.
  • AB Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., and Whirlpool Corp. are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Smart Home Appliances Market Split by Product
    • Smart washing machines
    • Smart air conditioners
    • Smart refrigerators
    • Smart microwave ovens
    • Smart dishwashers
  • Smart Home Appliances Market Split by Distribution channel
    • offline
    • online
  • Smart Home Appliances Market Split by Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • AB Electrolux
  • General Electric Co.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Whirlpool Corp.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Browse through some of other related market research reports for more insights:

  • Global Immersion Cooling Market: The Global Immersion Cooling Market is projected to grow by $ 306.50 million, accelerating at a CAGR of 14.27% till 2025.
  • Automotive Heat Exchanger Market: Technavio has been monitoring the automotive heat exchanger market and it is expected to grow by $ 6.89 billion, accelerating at a CAGR of almost 6% during the forecast period.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will decelerate at a CAGR of over 16%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 31.66 bn through 2021-2024.

     
  3. What is a key factor driving this market?
    Adoption of wireless connecting devices will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    40% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are AB Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., and Whirlpool Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Smart washing machines, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers), Distribution channel (offline and online), and Geography (North America, APAC, Europe, South America, and MEA)

Technavio has been monitoring the global smart home appliances market and is expected to grow by USD 31.66 billion, decelerating at a CAGR of over 16% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Smart Home Appliances Market: Segmentation by Product

The market is segmented into the following product categories: washing machines and dryers, smart air conditioners, smart refrigerators, smart microwave ovens, and smart dishwashers This report provides a detailed analysis of the growth and contribution of all the segments to the growth of the smart home appliances market.

Smart Home Appliances | Market Size to Grow by $ 31.66 Billion through 2021-2024 | Market Recovery and Growth Forecast

Smart Home Appliances Market: Segmentation by Geography

APAC will offer several growth opportunities to market vendors during the forecast period. The growing smartphone penetration and increasing internet speed will significantly influence smart home devices market growth in this region. 40% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for smart home appliances in APAC. Market growth in this region will be faster than the growth of the market in other regions. This report provides an accurate prediction of the contribution of all segments to the growth of the smart home appliances market size.

Smart Home Appliances | Market Size to Grow by $ 31.66 Billion through 2021-2024 | Market Recovery and Growth Forecast

Smart Home Appliances Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Electrolux, General Electric Co. and Koninklijke Philips NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights and market forecast: Download a Free Sample Report 

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