Connected Appliances Market share, Market trends, and forecasts from 2024 to 2031.

Market Overview and Report Coverage

Connected appliances refer to household devices that are connected to the internet and can be controlled remotely through a mobile application or other smart devices. These appliances include refrigerators, washing machines, ovens, air conditioners, and more.
The future outlook for the Connected Appliances Market is promising, with the market expected to grow at a CAGR of 4.60% during the forecasted period. This growth is driven by the increasing adoption of smart home technology, rising disposable incomes, and the convenience offered by connected appliances. Consumers are increasingly looking for ways to simplify their daily tasks and improve energy efficiency, making connected appliances an attractive option.
The current outlook for the Connected Appliances Market is positive, with major players in the industry introducing innovative products and expanding their product portfolios. Manufacturers are focusing on developing connected appliances that offer advanced features such as voice control, energy monitoring, and predictive maintenance. The demand for smart home devices is expected to continue to rise, driving the growth of the connected appliances market in the coming years.

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Market Segmentation
The Connected Appliances Market Analysis by types is segmented into:
• Smart Refrigerator
• Smart Cookers
• Smart Hood
• Others

Connected appliances market includes various types of smart devices that are equipped with internet connectivity and advanced features for convenience and efficiency. Some of the popular market types include smart refrigerators, which allow users to remotely monitor and control temperature settings and inventory; smart cookers, which enable precise cooking control and recipe suggestions through mobile apps; smart hoods, which automatically adjust ventilation based on cooking activities; and other connected appliances such as dishwashers, washing machines, and coffee makers with similar smart capabilities.

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The Connected Appliances Market Industry Research by Application is segmented into:
• Commercial
• Household

Connected appliances are revolutionizing both the commercial and household markets by offering increased convenience, efficiency, and control. In commercial settings, businesses can monitor and manage appliances remotely, reducing downtime and increasing productivity. In households, connected appliances provide users with the ability to control their devices from anywhere, saving time and energy. These advancements in technology are reshaping the way we interact with everyday appliances, making our lives more convenient and streamlined.

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In terms of Region, the Connected Appliances Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Connected Appliances market?
Some of the key emerging trends in the global connected appliances market include the increasing adoption of smart home devices, integration of artificial intelligence and machine learning technologies in appliances, the rise of voice-controlled devices, the development of energy-efficient and eco-friendly appliances, and the use of mobile apps for remote monitoring and control of appliances. Additionally, there is a growing focus on connectivity standards such as Wi-Fi, Bluetooth, and Zigbee to ensure seamless communication between devices. The market is also seeing advancements in home automation systems and the proliferation of connected appliances in various sectors such as healthcare and hospitality.

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Major Market Players
Whirlpool Corporation is a leading player in the connected appliances market, with a strong presence in North America and Europe. The company was founded in 1911 and has since grown to become one of the largest manufacturers of home appliances in the world. Whirlpool offers a wide range of connected appliances, including smart refrigerators, ovens, and washing machines. The company has seen significant growth in recent years, driven by the increasing demand for smart home devices.
AB Electrolux is another key player in the connected appliances market, with a strong foothold in Europe and North America. The company was founded in 1919 and has a long history of innovation in the home appliance industry. Electrolux offers a range of connected appliances, including smart vacuum cleaners, air purifiers, and dishwashers. The company has seen steady growth in its connected appliances segment, as more consumers embrace smart home technology.
Samsung Electronics is a global leader in the connected appliances market, with a diverse portfolio of smart home devices. The company was founded in 1938 and has since grown to become one of the largest electronics manufacturers in the world. Samsung offers a wide range of connected appliances, including smart TVs, refrigerators, and air conditioners. The company has seen rapid growth in its connected appliances segment, driven by its strong brand recognition and innovative product offerings.
In terms of sales revenue, Whirlpool Corporation reported revenue of $21 billion in 2020, while AB Electrolux reported revenue of $12.8 billion. Samsung Electronics reported revenue of $200 billion in the same year, making it one of the largest players in the connected appliances market. These companies continue to expand their product offerings and market reach, driving further growth in the connected appliances market.

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