Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global SMART
Home Appliances Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international SMART Home Appliances Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global SMART Home Appliances Market over the
short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global SMART Home Appliances Market is offered. In
accordance with the report, the global SMART Home Appliances Market is
projected to expand at a CAGR of 10.6 % over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
SMART Home
appliances are the devices used at home that connect via internet. Such equipment
can be easily controlled, monitored and accessed through sensors that are
connected to Internet of Things (IoT) and respond to the user’s needs via
remote devices. Wi-Fi, RFID and Zigbee
are currently used in smart home appliances market.
SMART Home
Appliances are gaining a lot of popularity globally. Increasing income and
changing lifestyle of consumers are the major drivers for growth of global
SMART Home Appliances market. Such appliances are easily managed and operated
through remote devices, Wi-Fi etc., making it more attractive for the
consumers. With improvement in internet access and easy operability from remote
locations via Wi-Fi is yet another contributing factor towards the growth of
this market globally. Consumers are now emphasizing on kitchen remodeling in order
to build a modular kitchen using appliances like cookware, cooktops and
dishwashers.
Even though the
SMART Home Appliance market is gaining popularity globally, consumers are still
doubtful about the durability and efficiency of such products. The prices of
various smart home appliances are very high, making it very difficult for the
lower income group to spend on such products. These factors act as the major
restraint for growth of SMART Home appliances market globally. SMART home
appliances consume enormous amount of energy, thereby increasing the cost of
electricity bills, which is a major concern for consumers.
China is home to
many manufacturers of variety of home appliances, making Asia Pacific region
the largest holder of market shares of SMART Home Appliances market. Due to
technologically advanced infrastructure, easy availability of SMART home
appliances and high purchasing power, regions of North America and Europe are
expected to play major role in global SMART Home Appliances market in the
forecast period. With the integration of wireless communication and SMART Home
appliances, all the equipment will be easily controlled by a remote
device.
Manufacturers
are constantly introducing new applications in order to increase their market
share. With the rapid development of IT and wireless communication and its
integration with home appliances with devices such as mobile phones, remote
control, laptops etc., this market is expected to see a positive growth in the
forecast period. LG Electronics has recently launched Wi-Fi refrigerators that
alerts the consumers about minor issues, thereby assisting in reduction of
maintenance cost. Whirlpool has introduced a lot of appliance that can be
integrated with Wi-Fi and can be managed using applications on the phone. The
ability of voice-controlled devices like Google Home and Amazon Echo to control
various equipment at home is also gaining popularity amongst consumers.
With the recent
Covid-19 pandemic, millions of people across the world are working from home.
This will increase the demand of voice controlled devices. China is the major
exporter for major home appliances. However, due to mandatory measures limiting
factory output in China has impacted supply chain for home appliances.
Furthermore, with the outbreak of Covid-19, there will be a major impact on the
income of all households, thereby reducing demand for SMART home appliances in
the future.
Segment Covered:
This market
intelligence report on the global SMART Home Appliances Market encompasses
market segments based on technology, products, services, distribution channels
and country/regions.
In terms of technology, the global SMART Home
Appliances Market is segregated
into :
§ Wi-Fi
§ Radio Frequency Identification
§ ZigBee
§ Cellular Technology
§ Bluetooth
§ Others
ü Z Wave
ü Insteon
ü HomeRF
ü EnOcean
By product, the global SMART Home Appliances Market is also classified into :
§ Lightning Control
ü Relays
ü Occupancy Sensors
ü Daylight Sensors
ü Timers
ü Dimmers
ü Switches
ü Lightning Control Accessories
ü Others
§ Security & Access Control
ü Video Surveillance System
v Hardware
o
Cameras
o
Storage Devices
o
Monitors
o
Servers
o
Accessories
o
Others
v Software
v Video Analytics
ü Access Control Systems
v Biometric Access
Control
o
Facial Recognition
o
Iris Recognition
o
Fingerprint
Recognition
o
Vein Recognition
o
Voice
Recognition
o
Speech
Recognition
v Non - Biometric Access Control
§ HVAC Control
ü SMART Thermostats
ü Sensors Used In HVAC Applications
ü Control Valves
ü Heating & Cooling Coils
ü Dampers
ü Actuators
ü Pumps & Fan
ü SMART Vents
§ Entertainment & Other Control
ü Entertainment Control Products
ü Audio, Volume and Multimedia Controls
ü Home Theatre System Controls
ü Touchscreen & Keypads
ü Other Controls
v SMART Meters
v SMART Plugs
v SMART Hubs
v SMART Locks
v Smoke Detectors
§ Home Healthcare
ü Health Status Monitors
ü Physical Activity Monitors
§ SMART Kitchen
ü SMART Coffee Makers
ü SMART Kettles
ü SMART Dish Washers
ü SMART Ovens
ü SMART Cooktops
ü SMART Cookers
§ Home Appliances
ü SMART Refrigerator
ü SMART Washers
ü SMART Water Heaters
ü SMART Vacuum Cleaners
§ SMART Furniture
ü SMART Tables
ü SMART Desks
ü SMART Stools & Benches
ü SMART Sofas
ü SMART Chairs
By Services, the global SMART Home Appliances Market is also classified into :
§ Proactive
§ Behavioral
By distribution channel, the global SMART
Home Appliances
Market is also classified into :
§ Offline Channels
§ Online Channels
By country/region, the global SMART Home Appliances Market has been divided into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Amazon Inc.
§ Apple Inc.
§ Google
§ ADT
§ AssaAbloy
§ ABB Ltd
§ Ingersoll Rand PLC
§ LeGrand SA
§ General Electric
§ ComCast Corp
§ Hubbell Inc.
§ Sony Corporation
§ LG Electronics
§ Control 4 Corporation
§ Panasonic Corporation
§ Samsung Electronics Co. Ltd
§ Whirlpool Corporation
§ Haier
§ Microsoft
§ Broadcom
§ Axis Communication AB
§ Vivint
§ Electrolux
§ Lutron Electronics Co Inc
§ Robert Bosch GmBH
§ Voltas Limited and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as SMART Home Appliances related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the SMART Home Appliances Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world SMART Home
Appliances Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Amazon Inc., Apple
Inc., Google, ADT, AssaABloy, Abb Ltd., Ingersoll Rand PLC, LeGrand SA, General
Electric, ComCast Corporation, Hubbell Inc, Sony Corporation, LG Electronics,
Control 4 Corporation, Panasonic
Corporation, Samsung Electronic Co. Ltd, Whirlpool Corporation, Haier,
Microsoft, Broadcom, Axis Communications AB, Vivint, Electrolux, Lutron
Electronics, Robert Bosch, Voltas Limited and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for SMART Home
Appliances Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for SMART Home
Appliances Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the SMART Home Appliances Market
v
Identification
of key factors driving investment opportunities in the SMART Home Appliances Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants