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Global Connected Home Appliances Market is Projected to Value around USD 57.93 billion in 2026 growing at CAGR of 17.60% from 2021 till 2026

08-16-2021 12:41 PM CET | Industry, Real Estate & Construction

Press release from: The Market Insights

Global Connected Home Appliances Market is Projected to Value

In terms of revenue, the Global Connected Home Appliances Market is Projected to Value around USD 57.93 billion in 2026 growing at CAGR of 17.60% from 2021 till 2026. The Connected Home Appliances Market stood at around USD 25.5 billion in 2019

The Connected Home Appliances Market Study report incorporates a thoroughly studied analysis of competitive scenario including key players & manufacturers and their profiles, market type, product and its definitions and description, revenue forecast, 17.60%, growth driving forces and its explanation, trend & opportunities and growth outlook, regional and segmental analysis. The report is built of data derived from proprietary sources, primary and secondary research methodologies and is checked and verified by our in-house team of experts.

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As per the basic concept of connected devices, any home appliance that has the feature of Internet connectivity can be termed as a connected home appliance.

The special features offered by connected home appliances these days include accessibility from any remote location using mobile devices such as smartphones, tablets, and laptops.

Regional Analysis

The regional analysis covered in this market study covers insights on distribution channel, marketing techniques, methodologies of prominent players which is further bifurcated on a country-wise basis and explains the reasons for the position of the market as well as the factors that will put the market in the projected state over the forecast period.

Furthermore, the report embodies analysis of each and every segment, its sub-categories, and explanation of the same. In addition, the report includes anticipation over the bifurcations of segments as to which part will have the highest growth and which category will hold the largest market share along with reasons for the same.

Asia Pacific region dominated the market in 2020 with a market share of more !Syntax Error, * and is anticipated to continue its dominance in the upcoming years. This is attributed to increasing internet penetration and technology advancements in developing economies, such as China and India. Leading countries China, Japan, South Korea, and India

Driving Factors

increase in awareness and the need for security in homes, which has led to the adoption of connected home appliances by consumers across the globe.

Increasing spending on home improvement projects or home remodeling is boosting the product demand owing to rising home and mortgage prices. In addition, rapid developments and advancements in the IT infrastructure and wireless communication enable easy assimilation of the home appliances compatible with mobile devices

increasing adoption of smartphones, which has, in turn, boosted the adoption of connected home appliances.

Smart appliances need to be connected to the internet to be able to deliver the 'smart' features to users.

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Restraints

High cost & data security

Opportunity

Key Players

Samsung

BSH

GE

Whirlpool

LG

Electrolux

Panasonic

Miele & Cie

Philips

IRobot

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Segmentations

Product

Smart Washer, Smart A.C, Smart Dryer, Smart Refrigerator, Smart Cooktop

Technology

Wi-fi, Blutooth, NFC, other

End User

Resindetial & commercial

Connected Home Appliances Market: Regional Analysis

North America
S.
Canada
Europe
UK
France
Germany
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Rest of MEA
Table of Contents for the Connected Home Appliances Market market report:

Market Introduction
Key Players
Domains
Main
Sub Domain
Parent Market
Connected Home Appliances Market Market Type
Product/Service Picture
Definition of Product/Service
Description of Product/Service Market
Revenue
Historic values
Forecast
CAGR
Drivers and their elaborations
Restraints and their elaborations
Opportunities with descriptive reasons
Regional Analysis for Connected Home Appliances Market market
Leading region
Reasons behind lead
Market share of the leading region
Top Performing country
Connected Home Appliances Market market segmental analysis
Segments and Categories
Leading Category
Reasons for performance
Explanation & Description
Research Methodology
Appendix

Direct Contact
Jessica Joyal
+91 8149193005 | +91-9284395731 | +91 9175986728
sales@themarketinsights.com
https://www.themarketinsights.com/blogs
https://www.linkedin.com/company/the-market-insights

The Market Insights is a sister company to SI Market research and The Market Insights is into reselling. The Market Insights is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between. At The Market Insights, we give our clients the best reports that can be made in the market. Our reports are not only about market statistics, but they also contain a lot of information about new and niche company profiles. The companies that feature in our reports are pre-eminent.

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