Global Smart Home Appliances Market Overview
According to SPER Market Research, the Global Smart Home Appliances Market is estimated to reach USD 78.47 billion by 2032 with a CAGR of 8.87%.
Global Smart Home Appliances are the latest technology-based appliances that can be integrated with a home's network and can be controlled through various devices like smartphones, tablets, or voice assistants. These appliances are designed to make life easier and more convenient for people. Some examples of Global Smart Home Appliances are smart thermostats, smart lights, smart locks, smart security systems, and smart kitchen appliances like refrigerators, ovens, and coffee makers. With these appliances, users can monitor and control their homes' environment, security, and energy usage, even when they are away from home. Global Smart Home Appliances are becoming increasingly popular due to their ability to save time, energy, and money, as well as their ability to provide a more personalized and convenient living experience.
Exploring the Growth Drivers of the Global Smart Home Appliances Industry
The global market for Global Smart Home Appliances is expected to see significant growth during the forecast period, owing to several factors. The convenience offered by these devices, as well as the time saved by using them instead of manually operating them, are major reasons for their increasing popularity. The rise in adoption of mobile devices and technologically advanced products, along with the expansion of high-speed internet networks, are other drivers of this market growth. Although the prices of these products are currently higher than traditional appliances, the market is expected to feature more cost-effective products as device manufacturers. Overall, the future looks bright for the smart home appliance market.
What challenges does the Global Smart Home Appliances Market face?
The adoption of Global Smart Home Appliances is often hindered by their relatively high costs when compared to conventional appliances. In order to connect all appliances in a home, a common interface for communication must be used, which can add to the installation costs. Depending on the number of appliances and the technology used, high cost associated with installation of smart appliances. Even basic home appliances are unaffordable for a large portion of the population. Consequently, the high cost of purchasing and maintaining Global Smart Home Appliances has the potential to limit the growth of the market globally.
In what ways has the COVID-19 pandemic affected Global Smart Home Appliances Market?
The COVID-19 pandemic has left a mixed impact on the Global Smart Home Appliances market. On the one hand, the pandemic has disrupted supply chains and reduced demand for Global Smart Home Appliances due to lockdowns and economic slowdowns in many countries. With the rise of the pandemic, people have become more cautious about hygiene and social distancing, leading to an increased demand for contactless technology, including smart home appliances. As people are spending more time at home due to lockdowns and work from home policies, the demand for Global Smart Home Appliances has increased to enhance comfort, convenience, and productivity. The pandemic has also affected the manufacturing and production of Global Smart Home Appliances due to factory shutdowns, reduced workforce, and transportation restrictions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Products, By Offering, By Technology, By sales Channel, By End user industry
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
|
| Companies Covered | Xiaomi, LG Electronics, Panasonic, Samsung Electronics, Electrolux, Koninklijke Philips, BSH Hausgerate, Haier Smart Home, Miele & Cie. KG, Whirlpool, Apple Inc.
|
Key Target Audience:
- Automation and control networking technology vendors
- Real Estate Builders
- Home and Business owners
- Government bodies involved in green building
Global Smart Home Appliances Market Segmentation:
1. By Product:
- Smart Washers
- Smart Dryers
- Smart Air Conditioners
- Smart Water Heaters
- Smart Lighting Devices
- Smart Security Devices
- Smart Vacuum Cleaners
- Smart Refrigerators
- Smart Coffee Makers
- Smart Kettles
- Smart Dish Washers
- Smart Deep Freezers
- Smart Ovens
- Smart Cooktops
- Smart Cookers
2. By Offerings:
- Services
- Consulting
- Repair & Maintenance
- System Integrations
3. By Technology:
- Commercial
- Direct Sales Channel
- Indirect Sales Channel
- Residential
- Bluetooth
- Near Field Communication (NFC)
- Wi-Fi
4. By Sales Channel:
- Indirect Sales Channel
- Direct Sales Channel
5. By End-User Industry:
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Smart Home Appliances Market Size (FY’2019-FY’2032)
- Overview of Global Smart Home Appliances Market
- Segmentation of Global Smart Home Appliances Market By Products (Smart Washers, Smart Dryers, Smart Air Conditioners, Smart Water Heaters, Smart Lighting Devices, Smart Security Devices, Smart Vacuum Cleaners, Smart Refrigerators, Smart Coffee Makers, Smart Kettles, Smart Dish Washers, Smart Deep Freezers, Smart Ovens, Smart Cooktops, Smart Cookers)
- Segmentation of Global Smart Home Appliances Market By Offering (Services, Consulting, Repair & Maintenance, System Integrations, Others)
- Segmentation of Global Smart Home Appliances Market By Technology (Commercial, Direct Sales Channel, Indirect Sales Channel, Residential, Bluetooth, Near Field Communication (NFC), Wi-Fi, others)
- Segmentation of Global Smart Home Appliances Market By Sales Channel (Indirect Sales Channel, Direct Sales Channel)
- Segmentation of Global Smart Home Appliances Market By End-User Industry (Residential, Commercial )
- Statistical Snap of Global Smart Home Appliances Market
- Growth Analysis of Global Smart Home Appliances Market
- Problems and Challenges in Global Smart Home Appliances Market
- Competitive Landscape in the Global Smart Home Appliances Market
- Impact of COVID-19 and Demonetization on Global Smart Home Appliances Market
- Details on Recent Investment in Global Smart Home Appliances Market
- Competitive Analysis of Global Smart Home Appliances Market
- Key Players in the Global Smart Home Appliances Market
- SWOT Analysis of Global Smart Home Appliances Market
- Global Smart Home Appliances Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Smart Home Appliances Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Smart Home Appliances Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Home Appliances Market
7. Global Smart Home Appliances Market, By Product, 2019-2032 (USD Million)
7.1 Smart Washers
7.2 Smart Dryers
7.3 Smart Air Conditioners
7.4 Smart Water Heaters
7.5 Smart Lighting Devices
7.6 Smart Security Devices
7.7 Smart Vacuum Cleaners
7.8 Smart Refrigerators
7.9 Smart Coffee Makers
7.10 Smart Kettles
7.11 Smart Dish Washers
7.12 Smart Deep Freezers
7.13 Smart Ovens
7.14 Smart Cooktops
7.15 Smart Cookers
8. Global Smart Home Appliances Market, By Offerings, 2019-2032 (USD Million)
8.1 Services
8.2 Consulting
8.3 Repair & Maintenance
8.4 System Integrations
8.5 Others
9. Global Smart Home Appliances Market, By Technology, 2019-2032 (USD Million)
9.1 Commercial
9.2 Direct Sales Channel
9.3 Indirect Sales Channel
9.4 Residential
9.5 Bluetooth
9.6 Near Field Communication (NFC)
9.7 Wi-Fi
9.8 Others
10. Global Smart Home Appliances Market, By Sales Channel, 2019-2032 (USD Million)
10.1 Indirect Sales Channel
10.2 Direct Sales Channel
11. Global Smart Home Appliances Market, By End-User Industry, 2019-2032(USD Million)
11.1 Residential
11.2 Commercial
12. Global Smart Home Appliances Market, By Region, 2019-2032 (USD Million)
12.1 Global Smart Home Appliances Market Size and Market Share by Region (2019-2025)
12.2 Global Smart Home Appliances Market Size and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Apple Inc
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 BSH Hausgerate
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Electrolux
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Haier Smart Home
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Koninklijke Philips
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 LG Electronics
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Miele & Cie. KG
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Panasonic
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Samsung Electronics
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Whirlpool
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Xiaomi
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
