Connected Home Appliance Market 2022 Business Scenario – Midea, Panasonic, Haier (GE), Whirlpool, SAMSUNG, Electrolux, Changhong, TCL, ARRIS, Hisence

The Latest report about the Connected Home Appliance market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Connected Home Appliance market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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Connected Home Appliance Market size was valued at USD 32.30 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Midea, Panasonic, Haier (GE), Whirlpool, SAMSUNG, Electrolux, Changhong, TCL, ARRIS, Hisence, Honeywell, Arcelik, Comcast, Meling, SKYWORTH, ATandT, Gree, LG, SONY, Philips

News and Updates

Panasonic to launch connected home appliances this year- Panasonic is going to make a foray into internet-connected home appliances in India this year and the Japanese firm is not going to charge a premium for them in an aggressive bid to corner market share, unlike the industry practise where such products are sold at the highest price.

Bosch launches smart home subsidiary- German appliance maker Bosch announced it will launch Robert Bosch Smart Home GmbH, a smart home subsidiary, in the first quarter of 2016, according to evertiq. The company will create a single mobile application that can connect to and control the smart home appliances and sensors Bosch offers

Market Overview

Connected home appliances are smart electronic appliances having internet connectivity, which can be accessible from any remote location using mobile devices such as smart phones, tablets and laptops. In short, any electronic home appliance if provided with internet connectivity would become connected home appliance.  Smart home appliances enable users to monitor and control household activities from remote location. Growth of connected home appliances depends upon various factors such as internet infrastructure availability and smart phone penetration rate of the targeted region. If internet infrastructure of any country is robust and efficient, there would be more demand for connected home appliances. Being the more energy efficient solution compared to their traditional counterparts, connected home appliances are being adopted with substantial high adoption rate across the globe.

APAC will provide maximum growth opportunities in the smart home appliances market during the forecast period. According to our research report, the region will contribute 40% of the global market growth and is expected to dominate the market through 2025.

Connected Home Appliance Market Segmentation:

Breakdown Data by Type

Security Appliances

Kitchen Appliances

Laundry Appliances

Water Treatment Appliances

Others

Connected Home Appliance Breakdown Data by Application

Offline Channel

Online Channel

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Connected Home Appliance market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Connected Home Appliance industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Connected Home Appliance market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Connected Home Appliance Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Connected Home Appliance market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Connected Home Appliance market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Connected Home Appliance Market report.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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