Press release
Europe Smart Home Appliances Market Outlook to 2027 - BSH Hausgerate GmbH, Qingdao Haier Co. Ltd., AB Electrolux, Amazon.com, Google, Inc. (Alphabet, Inc.), LG Electronics, Panasonic, Koninklijke Philips, Samsung Electronics, Whirlpool
Europe Smart Home Appliances Market Worth USD 12941.5 Million by 2027
Smart home appliances present a great opportunity to reduce energy usage in residential buildings/households. Smart homes equipped with smart appliances are an integral part of smart grid development in any country. The demand for Europe smart home appliances market is expected to be driven by rising need for energy saving, increasing security concerns, and initiatives taken by government. Security concern is another factor fueling the growth of Europe smart home appliances market. However, standardization and Interoperability issues may hinder the Europe smart home appliances growth to certain extent.
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Market Insights: Favorable strategies driving the growth of smart home appliances in Europe
The European commission strategies such as Digital agenda, Digital Single Market for the growth of digital economy aim at giving better access of digital goods and services to consumers across Europe. These policies are driving the growth of digital economy in Europe which includes smart homes and smart home appliances. Efforts are being taken by Europe for ICT standardization which is an essential aspect to facilitate interoperability within the Digital Single Market. This will further push the development and deployment of advanced technologies like 5G, IoT, AI, cloud services, data driven services, smart transport, smart energy and smart home systems in Europe.
Product Insights:
The Europe smart home appliances market by type was led by energy & lighting. Smart home appliances offer a great alternative to increase energy efficiency by monitoring energy usage of various smart appliances like smart light bulbs & lighting systems, smart thermostats, smart boiler and others. The smart appliances communicate with each other and also with energy control systems like smart meters to anticipate the energy peaks and lows. This interaction between smart devices and energy systems helps in observing and analyzing the energy usage pattern and with use of technologies like artificial intelligence the energy consumption can be optimized.
End-user Insights:
The Europe smart home appliances market is segmented based on commercial and residential. Commercial buildings can also implement smart home technology for several benefits including, reduction of waste. Also, other commercial buildings may use data gathered and with information, they can improve control make decisions that impact the productivity as well as efficiency of their people, systems, as well as, work environments. Hospitality is one the major end-user of smart home appliances in the commercial segment of Europe smart home appliances market.
Strategic Insights:
System integrators as well as electricians plays an essential part in automating homes in the European region. However, advancements in technologies in the home automation market are resulting in making homes smarter. New service providers including insurance and energy companies are also taking part in the market space.
2019: the U.K. developer Urban Splash announced that it is building a new set of smart homes that are set to arrive in Manchester later this year. The project, Mansion House is launched in partnership with the architecture firm Shedkm.
2018: Electrolux expanded its partnership with Google by integrating connected kitchen products in Europe with the Google Assistant.
2018: Vodafone España added a smart home offering to its all-in-one quad-play service spanning fibre, mobile and TV.
Europe Smart Home Appliances Market – By Product
• Appliances
o Smart Fridge
o Smart Washing Machine
o Smart Dishwasher
o Smart Ovens
o Robot Vacuum Cleaner
o Smart Coffee Machine
o Others
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• Energy & Lighting
o Smart Light Bulbs & Lighting Systems
o Smart Thermostats
o Smart Boiler
o Others
• Security Measures
o Smart Cameras & Monitoring Systems
o Smart Lock & Sensor
o Smart Alarms
o Smart Detectors
• Health & Fitness
o Smart Blood Pressure Monitors
o Others
Europe Smart Home Appliances Market – By Technology
• Bluetooth
• Wi-Fi
• Zigbee
• Z-Wave
• NFC
Europe Smart Home Appliances Market – By End-user
• Commercial
• Residential
Europe Smart Home Appliances Market – By Country
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
Company Profiles:
• AB Electrolux
• Amazon.com, Inc.
• BSH Hausgerate GmbH
• Google, Inc. (Alphabet, Inc.)
• Qingdao Haier Co., Ltd.
• LG Electronics Inc.
• Panasonic Corporation
• Koninklijke Philips
• Samsung Electronics Co., Ltd.
• Whirlpool Corp.
Complete Report is available at https://www.theinsightpartners.com/reports/europe-smart-home-appliances-market?OPR-pK
Few Points from the Table of Content:
1. INTRODUCTION
2. KEY TAKEAWAYS
3. EUROPE SMART HOME APPLIANCES MARKET LANDSCAPE
3.1 MARKET OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Europe Smart Home Appliances Market – By Product
3.2.2 Europe Smart Home Appliances Market – By Technology
3.2.3 Europe Smart Home Appliances Market – By End-user
3.2.4 Europe Smart Home Appliances Market – By Country
3.3 EUROPE PEST ANALYSIS
4. EUROPE SMART HOME APPLIANCES MARKET – KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.1.1 Energy efficiency and energy savings offered by intelligent smart home appliances
4.1.2 Increasing demand of smart features in household appliances by European consumers
4.1.3 Favorable strategies driving the growth of smart home appliances in Europe
4.2 KEY MARKET RESTRAINTS
4.2.1 Data and Privacy concerns among consumers
4.2.2 Standardization and Interoperability issues with current smart home appliances
4.3 KEY MARKET OPPORTUNITIES
4.3.1 Smart Homes, Smart Cities and Connected communities by 2025
4.4 FUTURE TRENDS
4.4.1 Growth in Smart home appliances- With Investments in Internet of Things (IoT)
4.4.2 Consumer wearables and smart home appliances
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
PART 5. SMART HOME APPLIANCES MARKET – EUROPE ANALYSIS
5.1 EUROPE SMART HOME APPLIANCES MARKET OVERVIEW
5.2 EUROPE SMART HOME APPLIANCES MARKET FORECAST AND ANALYSIS (US$ MN)
PART 6. EUROPE SMART HOME APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 – PRODUCT
6.1 OVERVIEW
6. EUROPE SMART HOME APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 – PRODUCT
6.1 OVERVIEW
6.2 EUROPE SMART HOME APPLIANCES MARKET BREAKDOWN, BY PRODUCT, 2018 & 2027
6.3.2 Europe Smart Home Appliances Market, By Appliances Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.1 Europe Smart Air-Conditioners Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.2 Europe Smart Fridge Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.3 Europe Smart Washing Machine Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.4 Europe Smart Dishwasher Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.5 Europe Smart Ovens Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.6 Europe Robot Vacuum Cleaner Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.7 Europe Smart Coffee Machine Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.8 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
6.4 ENERGY & LIGHTING
6.4.1 Overview
6.4.2 Europe Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.1 Europe Smart Light Bulbs & Lighting Systems Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.2 Europe Smart Thermostats Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.3 Europe Smart Boiler Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.4 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 SECURITY MEASURES
6.5.1 Overview
6.5.2 Europe Smart Home Appliances Market, By Security Measures Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.1 Europe Smart Cameras & Monitoring Systems Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.2 Europe Smart Lock & Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.3 Europe Smart Alarms Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.4 Europe Smart Detectors Market Revenue and Forecasts to 2027 (US$ Mn)
6.6 HEALTH & FITNESS
6.6.1 Overview
6.6.2 Europe Smart Home Appliances Market, By Health & Fitness Market Revenue and Forecasts to 2027 (US$ Mn)
6.6.2.1 Europe Smart Blood Pressure Monitors Market Revenue and Forecasts to 2027 (US$ Mn)
6.6.2.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Europe Smart Home Appliances Market+1-646-491-9876
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Europe Smart Home Appliances Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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