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Smart Home Appliances Market: : Global Product Intelligence (2015-2020) | General Electric Company, Panasonic Corporation, Electrolux AB, LG Electronics, Samsung Electronics, Koninklijke Philips N.V., Apple
Smart Home Appliances Market - Premium Market Insights
The demand for smart home appliances has triggered owing to growing concerns of energy costs and availability of innovative and affordable smart appliances. North America is leading the global market, with about 35% of the market share followed by Europe. However, the Asia-Pacific region would emerge as a market leader by 2018. Wi-Fi, RFID, and ZigBee are the most sought technologies in the smart home appliances market.
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The market players offer products as well as associated and after sale services to the customers. Among the products segment, smart washing machines would occupy the largest market share among all the appliances, due to wide adoption and higher prices. However, Air conditioners would exhibit the fastest growth rate, due to the increasing demand coupled with innovative product launches by the leading market players. Smart home appliances operate through a range of wireless technologies, including Wi-Fi, RFID, ZigBee and Bluetooth, and other technologies. Improving internet access levels and easy operability from remote locations, via Wi-Fi technology, would contribute to the market growth.
Global smart home appliances market comprises renowned players such as LG Electronics, Panasonic Corp., Samsung, Whirlpool Corp. and Haier, offering a wide range of products to the customers. The players are consistently introducing new smart appliances and associated applications in order to increase their market share, thereby making product launch as one of the majorly adopted growth strategies. Besides product launch, the players are also acquiring smaller players to widen their customer base.
The market is segmented based on type, technology, and geography.
Market by Type
Washing machine
Refrigerator
Dishwasher
Air conditioner
Others
Market by Technology
Wi-Fi
Radio Frequency Identification (RFID)
ZigBee
Cellular Technology
Bluetooth
Others
Market by Geography
North America
Europe
Asia-Pacific
Latin America, Middle East and Africa (LAMEA)
Key Findings of Smart Home Appliances Market:
• The global market for smart home appliances, is expected to grow due to availability of innovative and affordable smart appliances and increasing awareness among the populace during the forecast period (2015-2020)
• Wi-Fi, RFID and ZigBee are the most preferred technologies in the smart home appliances market
• North America, on account of tech-savvy end users and government incentives for smart appliance manufacturers, constituted the highest market share in 2014, followed by Europe
• Asia-Pacific would surpass the North American and European markets by 2018, emerging as the market leader
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