Press release
Smart Home Appliances Market 2026 : to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2034
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/738
Prime determinants of growth
The global growth of smart home appliances is driven by several key factors tailored to modern consumer needs. The increase in trend toward sustainable living and energy efficiency prompts consumers to opt for appliances that offer smart energy-saving features, such as adaptive temperature control and intelligent power management systems. The rise in urbanization and smaller living spaces in urban areas has boosted demand for compact yet multifunctional smart appliances that maximize utility without compromising on performance. Moreover, advancements in artificial intelligence and machine learning enable appliances to learn user habits, personalize experiences, and autonomously optimize functions, appealing to tech-savvy consumers seeking convenience and efficiency. The integration of smart home ecosystems with voice assistants and mobile applications enhances accessibility and control, offering seamless connectivity and enhancing the overall smart home experience. These factors collectively drive the global smart home appliances market toward substantial growth and innovation.
The refrigerator segment held the highest market share in 2023
By product type, the refrigerator segment held the highest market share in 2023 owing to its essential role in households and continuous advancements in smart technology. Smart refrigerators from brands such as Samsung's Family Hub series and LG's InstaView ThinQ incorporate innovative features such as touchscreen displays, cameras for interior monitoring, and Wi-Fi connectivity. These appliances enable users to view their refrigerator's contents remotely, receive expiry notifications, and even place grocery orders directly from the fridge. Such functionalities not only enhance convenience but also promote efficient food management and reduce energy consumption. In addition, integration with voice assistants such as Amazon Alexa and Google Assistant further streamlines interaction and control, which has made smart refrigerators a preferred choice for tech-savvy consumers seeking modern kitchen solutions that optimize everyday tasks while offering connectivity and sustainability benefits.
The Wi-Fi segment held the highest market share in 2023
By technology, the Wi-Fi segment held the highest market share in 2023. Wi-Fi technology is widely adopted in smart home appliances primarily for its high data transfer rates and global availability in homes and public spaces. Wi-Fi enables appliances to connect seamlessly to home networks and the internet, facilitating remote control, monitoring, and interaction through smartphone apps or voice assistants. For instance, smart refrigerators such as Samsung's Family Hub series use Wi-Fi to allow users to view contents, track expiration dates, and manage grocery lists from their smartphones. Similarly, smart thermostats such as Ecobee SmartThermostat leverage Wi-Fi connectivity for energy management and remote temperature control. Wi-Fi's reliability and bandwidth effectively support the increase in demand for interconnected smart devices in modern homes, offering users convenience, efficiency, and enhanced control over their appliances and overall home environment.
LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report@ https://www.alliedmarketresearch.com/checkout-final/8718231f0f82e32cd53bc2f0def3b533
North America led the market share in 2023
By region, North America held the highest market share in terms of revenue in 2023. The dominance is primarily driven by high consumer adoption of smart home technologies, strong purchasing power, and robust infrastructure supporting IoT connectivity. In North America, countries such as the U.S. and Canada have a significant number of tech-savvy consumers who value convenience, energy efficiency, and connected living solutions offered by smart home appliances. Major tech companies based in North America, such as Amazon, Google, and Apple, play pivotal roles in driving innovation and setting industry standards for smart home ecosystems. These factors contribute to North America leading in both market size and technological advancements within the global smart home appliances market.
Players: -
Koninklijke Philips N.V.
General Electric Company
Samsung Electronics Co., Ltd.
BSH Hausgerate GmbH
Haier Electronics Group Co., Ltd.
Electrolux AB
LG Electronics Inc.
Miele & Cie. KG
Whirlpool Corporation
Apple Inc.
Panasonic Corporation
The report provides a detailed analysis of these key players in the smart home appliances market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Industry Dev
In March 2024, Ecobee introduced the SmartThermostat Premium, an upgraded version of its popular smart thermostat to provide more precise climate control and energy savings for smart homes. The new model features a sleek design with a larger display, improved voice control with built-in Alexa, and enhanced sensors for better temperature and occupancy detection.
In January 2024, Xiaomi launched the Mi Smart Home Hub, a central control unit for its ecosystem of smart home products to strengthen the product portfolio with smart appliances products. The Mi Smart Home Hub supports Zigbee, Wi-Fi, and Bluetooth connectivity, which allows it to connect with a wide range of smart devices.
In July 2023, Signify, the company behind Philips Hue, launched Philips Hue Secure, a line of smart home security products to expand the business into the home security market. The product line includes security cameras, motion sensors, and secure integration with the Philips Hue app.
In June 2022, Amazon introduced the Echo Show 15, a smart display designed for the kitchen, which features a 15.6-inch screen that can be mounted on the wall or placed on a counter. It supports Alexa voice assistant, that allows users to control other smart home devices, display recipes, manage calendars, and stream content. The device also includes a visual ID feature that personalizes the experience based on the user.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/738
The refrigerator segment held the highest market share in 2023
By product type, the refrigerator segment held the highest market share in 2023 owing to its essential role in households and continuous advancements in smart technology. Smart refrigerators from brands such as Samsung's Family Hub series and LG's InstaView ThinQ incorporate innovative features such as touchscreen displays, cameras for interior monitoring, and Wi-Fi connectivity. These appliances enable users to view their refrigerator's contents remotely, receive expiry notifications, and even place grocery orders directly from the fridge. Such functionalities not only enhance convenience but also promote efficient food management and reduce energy consumption. In addition, integration with voice assistants such as Amazon Alexa and Google Assistant further streamlines interaction and control, which has made smart refrigerators a preferred choice for tech-savvy consumers seeking modern kitchen solutions that optimize everyday tasks while offering connectivity and sustainability benefits.
The Wi-Fi segment held the highest market share in 2023
By technology, the Wi-Fi segment held the highest market share in 2023. Wi-Fi technology is widely adopted in smart home appliances primarily for its high data transfer rates and global availability in homes and public spaces. Wi-Fi enables appliances to connect seamlessly to home networks and the internet, facilitating remote control, monitoring, and interaction through smartphone apps or voice assistants. For instance, smart refrigerators such as Samsung's Family Hub series use Wi-Fi to allow users to view contents, track expiration dates, and manage grocery lists from their smartphones. Similarly, smart thermostats such as Ecobee SmartThermostat leverage Wi-Fi connectivity for energy management and remote temperature control. Wi-Fi's reliability and bandwidth effectively support the increase in demand for interconnected smart devices in modern homes, offering users convenience, efficiency, and enhanced control over their appliances and overall home environment.
North America led the market share in 2023
By region, North America held the highest market share in terms of revenue in 2023. The dominance is primarily driven by high consumer adoption of smart home technologies, strong purchasing power, and robust infrastructure supporting IoT connectivity. In North America, countries such as the U.S. and Canada have a significant number of tech-savvy consumers who value convenience, energy efficiency, and connected living solutions offered by smart home appliances. Major tech companies based in North America, such as Amazon, Google, and Apple, play pivotal roles in driving innovation and setting industry standards for smart home ecosystems. These factors contribute to North America leading in both market size and technological advancements within the global smart home appliances market.
Players: -
Koninklijke Philips N.V.
General Electric Company
Samsung Electronics Co., Ltd.
BSH Hausgerate GmbH
Haier Electronics Group Co., Ltd.
Electrolux AB
LG Electronics Inc.
Miele & Cie. KG
Whirlpool Corporation
Apple Inc.
Panasonic Corporation
Recent Industry Dev
In March 2024, Ecobee introduced the SmartThermostat Premium, an upgraded version of its popular smart thermostat to provide more precise climate control and energy savings for smart homes. The new model features a sleek design with a larger display, improved voice control with built-in Alexa, and enhanced sensors for better temperature and occupancy detection.
In January 2024, Xiaomi launched the Mi Smart Home Hub, a central control unit for its ecosystem of smart home products to strengthen the product portfolio with smart appliances products. The Mi Smart Home Hub supports Zigbee, Wi-Fi, and Bluetooth connectivity, which allows it to connect with a wide range of smart devices.
In July 2023, Signify, the company behind Philips Hue, launched Philips Hue Secure, a line of smart home security products to expand the business into the home security market. The product line includes security cameras, motion sensors, and secure integration with the Philips Hue app.
In June 2022, Amazon introduced the Echo Show 15, a smart display designed for the kitchen, which features a 15.6-inch screen that can be mounted on the wall or placed on a counter. It supports Alexa voice assistant, that allows users to control other smart home devices, display recipes, manage calendars, and stream content. The device also includes a visual ID feature that personalizes the experience based on the user.
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.
Know More- https://www.alliedmarketresearch.com/smart-home-appliances-market
Trending Reports We Have on Consumer Goods Industry:
Bleisure Travel Market https://www.alliedmarketresearch.com/bleisure-travel-market-A06357
Travel Accessories Market https://www.alliedmarketresearch.com/travel-accessories-market-A16837
Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home Appliances Market 2026 : to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2034 here
News-ID: 4394060 • Views: …
More Releases from Allied Market Research
Collagen Market to Surge USD 14.4 Billion by 2033, Size, Share, Emerging Trends, …
According to the report, the collagen market was valued at $5.9 billion in 2023, and is estimated to reach $14.4 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.
The growth of the collagen market is driven by increase in consumer awareness of health and wellness, rise in demand for functional food, and expansion of applications in various industries such as pharmaceuticals, cosmetics, and dietary supplements. Innovations…
Leather Luggage and Goods Market in 2026 : Competitive Analysis and Industry For …
The global leather luggage and goods market size was valued at $285.3 billion in 2023, and is projected to reach $466.9 billion by 2033, growing at a CAGR of 5.1% from 2024 to 2033. Leather luggage comprises products such as trolley bags and suitcases used for carrying personal belongings, whereas products such as purses, wallets & belts, footwear, handbags, and others are included in the leather goods segment. Factors such…
Spa Services Market Size Expected to Grow 17.3% Annually to $423.2 Billion by 20 …
Allied Market Research published a report, titled, "Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, Mineral Spa, and Other Spa), and End User (Women and Men): Opportunities and Forecasts, 2022 - 2031". According to the report, the global Spa Services industry generated $73.5 billion in 2020, and is anticipated to generate $423.2 billion by 2030, witnessing a CAGR of 17.3% from 2022 to 2031.
Prime determinants…
Luxury Goods Market Size is Predicted to Garner $447.3 Billion by 2033 - Report …
According to a new report published by Allied Market Research, titled, "Luxury Goods Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Mode of Sale, by Gender: Global Opportunity Analysis and Industry Forecast, 2024-2033." The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
