Smart Appliances Market 2018 Global Leaders: General Electric, Panasonic, Whirlpool, Haier, Electrolux AB, Groupe SEB, Samsung, BSH Hausgerate GmbH

Market Research Future published a research report on “Global Smart Appliances Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Scenario

A smart appliance is defined as a sophisticated version of conventional appliances that are operated through connected devices such as smartphone, tablet or computer, to provide more information and control. The advanced smart appliances are developed and operated in such a way that it sends notifications and alerts the user to switch off or on depending on the user’s requirements. For instance, the end-user can get the notifications when the laundry is done, and even the microwave oven notifies when the food is ready to be served. The smart appliances are manufactured with energy efficient features which enable the end-user to operate the appliances conveniently with low power consumption.

Technology plays a crucial role in operating the smart appliances. There is a constant encouragement by the market players to integrate wireless networks with the connected devices such as electric meters, wearable devices, and smart appliances that enable the devices to consume nominal bandwidth but needs a continuous and high power connection. Numerous networks such as Sigfox and LoRaWan are constantly implementing low cost, low power and long-range connectivity, which is driving the implementation of connected devices. Developed and emerging countries such as South Korea and the Netherlands have already adopted this technology, whereas countries such as Australia and New Zealand are at the burgeoning stage to implement LPWAN networks.

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However, the major driving factors for the global smart appliances market are the surging energy prices and abundance of wireless solutions. On the flipside, increased internet penetration results in the risk of privacy theft, which is presumed to hinder the growth of the market over the forecast period.

Global Smart Appliances market is expected to have around 17% CAGR over the forecast period 2017-2027.

Industry News

December, 2017, Hisense, a leader in smart appliance technology, today announced its HiSmart Portable AC and HiSmart Dehumidifier series now both work with Amazon Alexa. Featuring multi-directional air flow, a dual temperature display and library-quiet noise levels, the Hisense HiSmart Portable Air Conditioner unit is the perfect addition to any home. Consumers can control the unit with the HiSmart Air App via their smart phone from any location, or by asking Alexa. Similar to the HiSmart AC Unit, the Hisense HiSmart Dehumidifier can be controlled through a WiFi-connected smart phone from anywhere. Users can also receive alerts and program humidity set points for better energy efficiency through the free HiSmart Air application.

December, 2017, In a move to expand its smart home concept, Swedish furniture retailer Ikea is collaborating with US electronics company Sonos to develop a new home sound experience. This will be the third step for Ikea Home Smart which began in 2015 with the launch of wireless smartphone charging devices, followed by smart lighting in 2016. This latest collaboration is expected to launch in 2019 and is intended to create an atmosphere in the home around music and sound.

September, 2017, LG expands its list of Assistant-compatible appliances. LG announced its Google Home integration back in May, but at the time only a few models from its Signature line of appliances was compatible with the Assistant. LG is expanding this list now to 87 WiFi-connected refrigerators, ovens, dishwashers, washing machines, dryers, vacuums, air purifiers, A/Cs, and more. The integration first requires your appliance to be set up through the LG SmartThinQ app, and then you have to link that to your Assistant.

Key Players:

The key players in the market of Smart Appliances are- Samsung (South Korea), Panasonic Corp. (Japan), Whirlpool Corp. (U.S.), Haier Co. Ltd. (China), Electrolux AB (Sweden), BSH Hausgerate GmbH (Germany), LG Inc. (South Korea), General Electric Co. (U.S.), Miele & Cie. KG (Germany), Philips N.V. (Netherlands), Groupe SEB (France) among others.

Smart Appliances Global Market - Segmentation

• Segmentation by Technology: Wi-Fi, ZigBee, Z-Wave, Bluetooth, and NFC.
• Segmentation by Deployment: On cloud and on Premise.
• Segmentation by Type: Major Domestic Appliances (Washer, Refrigerator, Dryer, Dishwasher, Air conditioner & Freezer) & Small Domestic Appliances (Food Processors, Toasters, Coffee Makers among others)

Smart Appliances Global Market - Regional Analysis

North America is dominating the market of smart appliances. Presence of global players in U.S. and high per capita income of the American people is one of the major driving factor of the market in North America region. Also, technological advancement and high investment in R&D by the core companies is also playing major role in the market growth. In North America, U.S. is dominating the market accounting for more than 60% of the market. Developed economy and growing demand for the advance appliances is driving the market in the U.S. Asia-Pacific region has emerged as fastest growing market for smart appliances. Growth of Asian countries such as India and China and increasing per capita income and expenditure towards the home appliances are some of the major factor driving the market.

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Target audience

• Raw material suppliers
• Electronic design automation (EDA) & design tool vendors
• Fabrication, wafer, & foundry process equipment vendors
• Various smart appliances manufacturing companies
• Research and development organizations
• Technology providers and investors
• Associations working on smart appliances
• Sensor provider Sensors chip traders & distributors

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