Press release
Smart Home Appliances 2018 Global Market Expected to Grow at CAGR of more than 50% and Forecast to 2022
Smart Home Appliances Market
This market research report presents a comprehensive analysis of the global smart home appliances market based on product (smart washing machines and dryers market, smart air conditioners, smart refrigerators, smart microwave ovens, and smart dishwashers) and distribution channel. The report also provides an analysis of the market based on geographic regions such as the Americas, APAC, and EMEA.
According to Technavio’s market research report, the product innovations based on technology, performance, will be one of the major factors that will have a positive impact on the global smart home appliances market during the forecast period. Vendors offering home appliances are currently focusing on technological innovations in the field of electronics to add more value to home appliances and to enhance their functionality. Over the years, the ability to control home appliances by using internet and smartphones has garnered attention of the consumers. This rising demand for convenient products has led to introduction of smart home appliances and the vendors are increasingly concentrating on advanced technologies. Users can download the relevant apps on mobile devices and can connect their smart home appliances such as refrigerators, microwave ovens, washing machines, dryers, and air conditioners through Wi-Fi. The rapidly developing designs of household appliances will also boost the growth of the market. Our market research analysts predict that the smart home appliances market will grow at a CAGR of more than 50% by 2022.
The partnership with other companies is one of the key trends that will contribute to the market’s growth in the forthcoming years. Several appliance manufacturers are working in partnership with other companies to introduce smart home appliances. For instance, one of the key vendors, GE Appliances collaborated with Amazon to come up with Geneva, an application that works along with Amazon Alexa. This app enables users to voice-control GE Appliances such as ovens, refrigerators, and washing machines.
Companies covered
Characterized by the presence of several players, the smart home appliances market appears to be fragmented. This industry research report offers information about the competitive environment among players in the smart home devices market and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in this market including
Electrolux
Haier
LG Electronics
Samsung Electronics
Whirlpool
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Segmentation by product and analysis of the smart home appliances market
Smart washing machines and dryers market
Smart air conditioners
Smart refrigerators
Smart microwave ovens
Smart dishwashers
The smart refrigerators product segment is the highest product category among others. However, the smart fridge market will lead the market by 2022 due to high usage in homes and increased innovation in terms of technology.
Geographical segmentation and analysis of the tanker shipping market
Americas
APAC
EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market during 2017. Factors such as the increase in internet penetration rates and high adoption of new technologies will drive the smart home devices market in the region.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global smart home appliances market?
What are the key market trends impacting the growth of the global smart home appliances market?
What are the challenges to market growth?
Who are the key vendors in the global smart home appliances market?
What are the market opportunities and threats faced by the vendors in the global smart home appliances market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global smart home appliances market?
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
• Segmentation by distribution channel
PART 08: MARKET SEGMENTATION BY PRODUCT
• Segmentation by product
• Comparison by product
• Global smart washing machines and dryers market – Market size and forecast 2017-2022
• Global smart air conditioners market – Market size and forecast 2017-2022
• Global smart refrigerators market – Market size and forecast 2017-2022
• Global smart microwave ovens market – Market size and forecast 2017-2022
• Global smart dishwashers market – Market size and forecast 2017-2022
• Market opportunity by product
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• Smart home appliances market in Americas – Market size and forecast 2017-2022
• Smart home appliances market in EMEA – Market size and forecast 2017-2022
• Smart home appliances market in APAC – Market size and forecast 2017-2022
• Key leading countries
• Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 13: MARKET TRENDS
• Introduction of additional features in smart home appliances
• Partnerships with other companies
• Increasing M&A activities
PART 14: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 15: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Electrolux
• Haier
• LG Electronics
• Samsung Electronics
• Whirlpool
Continued…….
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