The Global Smart Appliances Market size was USD 32.76 Billion in 2021 and is expected to register a revenue CAGR of 17.4% during the forecast period, according to latest analysis by Emergen Research. Increasing expansion of wireless connectivity across the globe is a key factor driving market revenue growth.
Wireless connectivity is becoming increasingly popular among residential and commercial users, hence controlling home systems with cellphones over Wi-Fi is playing a significant role. Wireless solutions enable users to monitor and operate smart home appliances from any location at any time, saving both money and time while reducing energy use. Furthermore, even when users are not there, they can monitor the operation of these appliances on their tablets or smartphones. Wireless connectivity is also very useful for diagnosing problems, communication between appliances, and energy monitoring. For example, Miele, a German manufacturer of domestic appliances connects appliance to company’s monitoring center through Wi-Fi. If a failure happens, Miele’s client support center is notified and they will contact to resolve the problem. LG’s Smart Access allows one to remotely monitor the status of fridge contents using iOS or Android mobile via Wi-Fi.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/1290
Key Players operating in the industry are:
LG Electronics, Samsung Electronics, Electrolux, Panasonic Corporation, Haier Group Corporation, Koninklijke Philips N.V., Xiaomi, BSH Hausgeräte GmbH, Miele, and Whirlpool Corporation.
In addition, integration of new technologies such as Artificial intelligence (AI), creates ample opportunities for the market. Smart appliance manufacturers are attempting to incorporate AI into their products to make them more personalized and easy for customers. For example, in August 2020, LG introduced a cutting-edge AI-infused customer support solution. The service makes use of organization’s advanced ThinQ AI to deliver individualized support, notifying consumers of problems with their LG appliance and providing useful tips and solutions to enhance performance and prolong product life.
Some Key Highlights from the Report
- The smart washing machines segment accounted for largest revenue share in 2021 due to rising demand for smart washing machines among users. Smart washing machines can be connected to home Wi-Fi networks, which are user-friendly and easy to use making it popular among customers. In January 2021, LG launched LG ThinQ washing machines in India, which have an Artificial Intelligent Direct Drive (AI DD) motor.
- The online segment is expected to register a significantly fast revenue growth rate over the forecast period due to rising preference for online purchasing behavior among customers in the recent years. Manufacturers are getting it easier to reach out to a wider range of potential customers at a low cost through online. This is prompting manufacturers to develop their websites and form agreements with big e-commerce companies to increase online sales. In addition, rising introduction of digital platforms during COVID-19 pandemic is driving growth of the online segment.
- The Asia Pacific market is expected to register a significantly fast revenue growth rate during the forecast period. This is due to increasing penetration of smart homes and rising adoption of IoT technologies in countries across the region, especially in China, Japan, and India. According to research, the Indian IoT market is expected to reach USD 9.28 billion by 2025 from USD 4.98 billion in 2020, which is expected to drive revenue growth of the market in this country.
- On 23 August 2021, Electrolux North America introduced a new line of feature-rich kitchen and laundry appliances that allow modern homeowner to live a more sustainable lifestyle. This new kitchen appliance suite features an astonishing choice of cooking and refrigeration equipment that is packed with smart innovations that are designed to encourage culinary creativity.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/1290
Emergen Research has segmented the global smart appliances market based on product, distribution channel, technology, end-use, and region:
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Smart Refrigerators
- Smart Air Conditioners
- Smart Microwave Ovens
- Smart Dishwashers
- Smart Washing Machines and Dryers
- Smart Water Heaters
- Smart Coffee Makers
- Smart Ovens
- Smart Vacuum Cleaners
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Offline
- Online
- Technology Outlook (Revenue, USD Billion; 2019-2030)
- Wi-Fi
- Bluetooth
- Near Field Communication (NFC)
- Zigbee
- Others
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/smart-appliances-market
End-Use Outlook (Revenue, USD Billion; 2019-2030)
-
- Residential
- Commercial
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1290
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
About Emergen Research
Emergen Research is a Marketresearch and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Marketintelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkedIn | Twitter | Blogs
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Latest Reports: Smart Dust Market, Emulsifiers Market
Trending Reports: Soil Testing Equipment Market, Video Doorbell Market