Smart Home Appliances Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Washing Machine, Television, Refrigerator, Air Conditioner, Dishwasher, Others (Kitchen Appliances, Air Purifier, etc.), By Sales Channel (Supermarket/Hypermarket, Multi Branded Electronic Stores, Exclusive Store, Online, Others (Wholesale, Direct Sales, etc.)), By Region, Competitions

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Summary

Report Description

The Global Smart Home Appliances Market was valued at USD42.67 billion in 2022 and is expected to register a CAGR of 11.05% through 2028 on account of growing number of  smart homes requiring smart home appliances both in developing and developed regions across the globe. Furthermore, developed countries such as the United States and Canada are rapidly developing infrastructure that incorporates smart home appliances, hence driving the demand of the market..

Global Smart Home Appliances Market Scope

Smart home appliances are technologically advanced home appliances that have an integrated user interface that usually performs its job effectively and offers a high-quality user experience. These appliances include smart air conditioner, smart refrigerator, smart washing machine, smart water purifier, smart security system, and many others. These appliances are often connected via Wi fi, Bluetooth, or through voice control system.

Global Smart Home Appliances Market Overview

The smart home appliances sector is likely to experience dynamic growth in the future due to the development of electronics and communication technologies. Global demand for smart home products has been fueled by factors including rising purchasing power, shifting modern lifestyles, and increasing adoption of connected devices.

The U.S. Energy Information Administration anticipates that by 2035, the world's energy demand will have increased by almost 37%. As they enable real-time communication to operate the device at low frequencies or shift the operations to off-peak periods, smart home appliances would become more popular.. As a result, smart home appliances give both consumers and service providers advanced control functions as well as greater comfort, security, and efficiency.

Tech-savvy consumers are well-versed in the newest innovations and are willing to invest in smart home appliances that can enhance and streamline their lives. The majority of connected devices are currently found in luxurious houses and apartments, particularly in the kitchen. However, the COVID-19 additionally accelerated the development and acceptance of smart home appliances in developing countries as well.


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Global Smart Home Appliances Market Drivers

The main driving factor driving smart home appliances is providing users a high level of automation and convenience. The adoption of smart homes is increasing globally, with more consumers looking for ways to automate and control their homes. This trend has led to a growing demand for smart home appliances. The development of new advanced technologies, such as artificial intelligence, machine learning, and the internet of things (IoT), has enabled the creation of smart home appliances that can connect and communicate with other devices and provide enhanced functionality.  Additionally, smart home appliances are designed to be more energy-efficient than traditional appliances, which can lead to cost savings for consumers. This has made them an attractive option for consumers looking to save on their energy bills and enhancing the adoption of smart home appliances globally.

Smart home appliances provide greater convenience and comfort to users, allowing them to remotely control their appliances using their smartphones or voice commands. Moreover, governments around the world are promoting the adoption of smart home appliances as part of their efforts to reduce energy consumption and carbon emissions. This has led to the introduction of various incentives and policies that encourage consumers to purchase smart home appliances globally. Thus, the increasing adoption of smart homes, technological advancements, energy efficiency and cost savings, convenience and comfort, and government initiatives are driving the smart home appliances market globally during the forecast period.

Global Smart Home Appliances Market Trends

Smart home appliances are gaining popularity in the global market due to the newest trends in technologies. One of the biggest trends in the global smart home appliances market is the integration of virtual assistants like Amazon's Alexa and Google Assistant. This allows users to control their smart home appliances using voice commands, making them more convenient and accessible. With the increasing adoption of smart home appliances , the need for security and privacy is also increasing. As a result, many manufacturers are investing in security features such as biometric authentication and end-to-end encryption to protect users' data.

Moreover, smart lighting has become increasingly popular in recent years, allowing users to control the lighting in their homes using their smartphones or voice commands. It also offers energy savings by allowing users to schedule and automate the lighting in their homes. Many smart home appliances are now incorporating artificial intelligence to offer personalized experiences to users. This includes features like predictive maintenance, where appliances can detect when they need maintenance or repair and suggest solutions to the user. The demand for devices that are enabled perform any operation from anywhere has benefited the smart home appliances market globally for IoT (Internet of Things) consumer appliances. As convenience is essential for utilizing IoT devices, connected air conditioners, water purifiers, and even smart lighting are growing in popularity among consumers.

 

Global Smart Home Appliances Market Challenges

The global smart home appliances market has seen significant growth in recent years due to advancements in technology and the increasing demand for convenience and automation in homes. However, there are still several challenges that the industry faces which include high cost, dependence on electricity and internet, etc. One of the biggest challenges in the smart home appliances market is the lack of interoperability between devices and platforms. Different manufacturers use different communication protocols and standards, making it difficult for devices to work seamlessly together. This can lead to frustration in consumers who may have to use multiple apps to control different devices in their home. Moreover, smart home appliances rely on electricity and internet connectivity to function, which can be a challenge in areas with unreliable power or internet service. Manufacturers need to ensure that their products are designed to function even during power outages or internet disruptions. Also, some consumers may find smart home appliances too complex to use, especially if they are not familiar with technology. Manufacturers need to make their products user-friendly and intuitive, with clear instructions and simple interfaces.

Recent Developments in Global Smart Home Appliances Market

  • In 2021, Panasonic launched new range of smart home appliances in India with the expansion of IoT and AI enabled connected living platform - MirAIe. In addition to that company launched connected refrigerators, washing machine, Wi-Fi fan, smart switches and smart Wi-Fi controller plugs.
  • In 2022, LG Electronics in South Korea launched LG ThinQ UP upgradeable home appliances including refrigerators, washers, dryers, oven ranges and dishwashers and announced to launch of its LG ThinQ UP in the United States in 2023.
  • In 2023, Samsung introduced a new range of smart home appliances- Bespoke lineup, which includes smart refrigerators, smart ovens, and smart washers.

Global Smart Home Appliances Market Opportunities

The global smart home appliances market presents several opportunities for growth and innovation. Smart home appliances can also be designed to promote health and wellness. For instance, smart refrigerators can help users track their food intake and suggest healthier options, while smart air purifiers can monitor air quality and adjust settings to improve respiratory health. Moreover, the commercial sector is also seeing an increasing demand for smart home appliances, particularly in the hospitality industry. Hotels and resorts are using smart appliances to provide guests with a more personalized and convenient experience, such as smart TVs, smart lighting, and smart thermostats. In addition, the healthcare sector is adopting smart home appliances to improve the quality of life for people with disabilities or chronic illnesses. The industrial sector is also adopting smart home appliances to increase efficiency and reduce energy consumption. For example, factories and warehouses are using smart lighting systems to reduce energy costs and improve productivity. Overall, the demand for smart home appliances is expected to continue to grow as more people become aware of their benefits and as technology continues to advance.

Company Profiles

The major players in the global smart home appliances market are LG Electronics Inc., Haier Smart Home Co., Ltd., Whirlpool Corporation, Samsung Electronics Co. Ltd., Electrolux AB, Panasonic Corporation, BSH Hausgeräte GmbH, Koninklijke Philips N.V., Xiaomi Corporation, Voltas Limited.

Market Segmentation   

The global smart home appliances market is segmented based on product type, sales channel, region and competitive landscape. Based on product type the  market is divided into washing machine, television, refrigerators, air conditioner, dishwasher, others (kitchen appliances, air purifier, etc.). Based on the Sales Channel, the market is divided into supermarket/hypermarket, multi branded electronic store, exclusive store, online, others (wholesale, direct sales, etc.).

Attribute

Details

Market Size Value in 2022

USD 42.67 Billion

Revenue Forecast in 2028

USD 79.10 Billion

Growth Rate

11.05%

United States Market Size in 2028

USD 22.98 Billion

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

Sales Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, South America, and Middle East & Africa,

Country Scope

United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia

Key Companies Profiled

LG Electronics Inc., Haier Smart Home Co., Ltd., Whirlpool Corporation, Samsung Electronics Co. Ltd., Electrolux AB, Panasonic Corporation, BSH Hausgeräte GmbH, Koninklijke Philips N.V., Xiaomi Corporation, Voltas Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global smart home appliances market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Smart Home Appliances Market, By Product Type:

o   Washing Machine

o   Television

o   Refrigerator

o   Air Conditioner

o   Dishwasher

o   Others (Kitchen Appliances, Air Purifier, etc.)

Smart Home Appliances Market, By Sales Channel:

o Supermarket/Hypermarket

o Multi Branded Electronic Stores

o Exclusive Store

o Online

o Others (Wholesale, Direct Sales, etc.)

Global Smart Home Appliances Market, By Region:

o North America

  • United States
  • Canada
  • Mexico

o Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain

o Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia

o South America

  • Brazil
  • Argentina
  • Colombia

o Middle East & Africa

  • Saudi Arabia
  • UAE
  • South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Smart Home Appliances Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Smart Home Appliances Market

5.    Voice of Customers

5.1.  Respondent Demographics

5.1.1.     By Gender

5.1.2.     By Age

5.1.3.     By Occupation

5.2.  Brand Awareness

5.3.  Factors Influencing Purchase Decision

5.4.  Challenges Faced After Purchase

6.    Global Smart Home Appliances Market Outlook  

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type Market Share Analysis (Washing Machine, Television, Refrigerator, Air Conditioner, Dishwasher and Others (Kitchen Appliances, Air Purifier, etc.))

6.2.2.     By Sales Channel Market Share Analysis (Supermarket/Hypermarket, Online, Exclusive Store, Multi Branded Electronic Store and Others (Wholesale, Direct Sale, etc.))

6.2.3.     By Regional Market Share Analysis

6.2.4.     By Company Market Share Analysis (2022)

6.3.  Global Smart Home Appliances Mapping & Opportunity Assessment

6.3.1.     By Product Type Market Mapping & Opportunity Assessment

6.3.2.     By Sales Channel Market Mapping & Opportunity Assessment

6.3.3.     By Region Market Mapping & Opportunity Assessment

7.    North America Smart Home Appliances Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type Market Share Analysis

7.2.2.     By Sales Channel Market Share Analysis

7.2.3.     By Country Market Share Analysis

7.2.3.1.         United States Smart Home Appliances Market Outlook

7.2.3.1.1.             Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2.             Market Share & Forecast

7.2.3.1.2.1. By Product Type Market Share Analysis

7.2.3.1.2.2. By Sales Channel Market Share Analysis

7.2.3.2.         Canada Smart Home Appliances Market Outlook

7.2.3.2.1.             Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2.              Market Share & Forecast

7.2.3.2.2.1. By Product Type Market Share Analysis

7.2.3.2.2.2. By Sales Channel Market Share Analysis

7.2.3.3.         Mexico Smart Home Appliances Market Outlook

7.2.3.3.1.             Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2.             Market Share & Forecast

7.2.3.3.2.1. By Product Type Market Share Analysis

7.2.3.3.2.2. By Sales Channel Market Share Analysis

8.    Europe Smart Home Appliances Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type Market Share Analysis

8.2.2.     By Sales Channel Market Share Analysis

8.2.3.     By Country Market Share Analysis

8.2.3.1.         United Kingdom Smart Home Appliances Market Outlook

8.2.3.1.1.             Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2.             Market Share & Forecast

8.2.3.1.2.1. By Product Type Market Share Analysis

8.2.3.1.2.2. By Sales Channel Market Share Analysis

8.2.3.2.         Germany Smart Home Appliances Market Outlook

8.2.3.2.1.             Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2.             Market Share & Forecast

8.2.3.2.2.1. By Product Type Market Share Analysis

8.2.3.2.2.2. By Sales Channel Market Share Analysis

8.2.3.3.         France Smart Home Appliances Market Outlook

8.2.3.3.1.             Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2.             Market Share & Forecast

8.2.3.3.2.1. By Product Type Market Share Analysis

8.2.3.3.2.2. By Sales Channel Market Share Analysis

8.2.3.4.         Italy Smart Home Appliances Market Outlook

8.2.3.4.1.             Market Size & Forecast

8.2.3.4.1.1. By Value

8.2.3.4.2.             Market Share & Forecast

8.2.3.4.2.1. By Product Type Market Share Analysis

8.2.3.4.2.2. By Sales Channel Market Share Analysis

8.2.3.5.         Spain Smart Home Appliances Market Outlook

8.2.3.5.1.             Market Size & Forecast

8.2.3.5.1.1. By Value

8.2.3.5.2.             Market Share & Forecast

8.2.3.5.2.1. By Product Type Market Share Analysis

8.2.3.5.2.2. By Sales Channel Market Share Analysis

9.    Asia-Pacific Smart Home Appliances Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type Market Share Analysis

9.2.2.     By Sales Channel Market Share Analysis

9.2.3.     By Country Market Share Analysis

9.2.3.1.         China Smart Home Appliances Market Outlook

9.2.3.1.1.             Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2.             Market Share & Forecast

9.2.3.1.2.1. By Product Type Market Share Analysis

9.2.3.1.2.2. By Sales Channel Market Share Analysis

9.2.3.2.         Japan Smart Home Appliances Market Outlook

9.2.3.2.1.             Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2.             Market Share & Forecast

9.2.3.2.2.1. By Product Type Market Share Analysis

9.2.3.2.2.2. By Sales Channel Market Share Analysis

9.2.3.3.         South Korea Smart Home Appliances Market Outlook

9.2.3.3.1.             Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2.             Market Share & Forecast

9.2.3.3.2.1. By Product Type Market Share Analysis

9.2.3.3.2.2. By Sales Channel Market Share Analysis

9.2.3.4.         India Smart Home Appliances Market Outlook

9.2.3.4.1.             Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2.             Market Share & Forecast

9.2.3.4.2.1. By Product Type Market Share Analysis

9.2.3.4.2.2. By Sales Channel Market Share Analysis

9.2.3.5.         Australia Smart Home Appliances Market Outlook

9.2.3.5.1.             Market Size & Forecast

9.2.3.5.1.1. By Value

9.2.3.5.2.             Market Share & Forecast

9.2.3.5.2.1. By Product Type Market Share Analysis

9.2.3.5.2.2. By Sales Channel Market Share Analysis

10.  Middle East & Africa Smart Home Appliances Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type Market Share Analysis

10.2.2.  By Sales Channel Market Share Analysis

10.2.3.  By Country Market Share Analysis

10.2.3.1.      South Africa Smart Home Appliances Market Outlook

10.2.3.1.1.           Market Size & Forecast

10.2.3.1.1.1.               By Value

10.2.3.1.2.           Market Share & Forecast

10.2.3.1.2.1.               By Product Type Market Share Analysis

10.2.3.1.2.2.               By Sales Channel Market Share Analysis

10.2.3.2.      Saudi Arabia Smart Home Appliances Market Outlook

10.2.3.2.1.           Market Size & Forecast

10.2.3.2.1.1.               By Value

10.2.3.2.2.           Market Share & Forecast

10.2.3.2.2.1.               By Product Type Market Share Analysis

10.2.3.2.2.2.               By Sales Channel Market Share Analysis

10.2.3.3.      UAE Smart Home Appliances Market Outlook

10.2.3.3.1.           Market Size & Forecast

10.2.3.3.1.1.               By Value

10.2.3.3.2.           Market Share & Forecast

10.2.3.3.2.1.               By Product Type Market Share Analysis

10.2.3.3.2.2.               By Sales Channel Market Share Analysis

11.  South America Smart Home Appliances Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product Type Market Share Analysis

11.2.2.  By Sales Channel Market Share Analysis

11.2.3.  By Country Market Share Analysis

11.2.3.1.      Brazil Smart Home Appliances Market Outlook

11.2.3.1.1.           Market Size & Forecast

11.2.3.1.1.1.               By Value

11.2.3.1.2.           Market Share & Forecast

11.2.3.1.2.1.               By Product Type Market Share Analysis

11.2.3.1.2.2.               By Sales Channel Market Share Analysis

11.2.3.2.      Argentina Smart Home Appliances Market Outlook

11.2.3.2.1.           Market Size & Forecast

11.2.3.2.1.1.               By Value

11.2.3.2.2.           Market Share & Forecast

11.2.3.2.2.1.               By Product Type Market Share Analysis

11.2.3.2.2.2.               By Sales Channel Market Share Analysis

11.2.3.3.      Colombia Smart Home Appliances Market Outlook

11.2.3.3.1.           Market Size & Forecast

11.2.3.3.1.1.               By Value

11.2.3.3.2.           Market Share & Forecast

11.2.3.3.2.1.               By Product Type Market Share Analysis

11.2.3.3.2.2.               By Sales Channel Market Share Analysis

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Company Profiles     

14.1.1.  LG Electronics Inc.

14.1.1.1.      Company Details

14.1.1.2.      Products

14.1.1.3.      Financials (Ass Reported)

14.1.1.4.      Key Market Focus & Geographical Presence

14.1.1.5.      Recent Developments

14.1.1.6.      Key Management Personnel

14.1.2.  Haier Smart Home Co., Ltd.

14.1.2.1.      Company Details

14.1.2.2.      Products

14.1.2.3.      Financials (As Reported)

14.1.2.4.      Key Market Focus & Geographical Presence

14.1.2.5.      Recent Developments

14.1.2.6.      Key Management Personnel

14.1.3.  Whirlpool Corporation

14.1.3.1.      Company Details

14.1.3.2.      Products

14.1.3.3.      Financials (As Reported)

14.1.3.4.      Key Market Focus & Geographical Presence

14.1.3.5.      Recent Developments

14.1.3.6.      Key Management Personnel

14.1.4.  Samsung Electronics Co. Ltd.

14.1.4.1.      Company Details

14.1.4.2.      Products

14.1.4.3.      Financials (As Reported)

14.1.4.4.      Key Market Focus & Geographical Presence

14.1.4.5.      Recent Developments

14.1.4.6.      Key Management Personnel

14.1.5.  Electrolux AB

14.1.5.1.      Company Details

14.1.5.2.      Products

14.1.5.3.      Financials (As Reported)

14.1.5.4.      Key Market Focus & Geographical Presence

14.1.5.5.      Recent Developments

14.1.5.6.      Key Management Personnel

14.1.6.  Panasonic Corporation

14.1.6.1.      Company Details

14.1.6.2.      Products

14.1.6.3.      Financials (As Reported)

14.1.6.4.      Key Market Focus & Geographical Presence

14.1.6.5.      Recent Developments

14.1.6.6.      Key Management Personnel

14.1.7.  BSH Hausgeräte GmbH

14.1.7.1.      Company Details

14.1.7.2.      Products

14.1.7.3.      Financials (As Reported)

14.1.7.4.      Key Market Focus & Geographical Presence

14.1.7.5.      Recent Developments

14.1.7.6.      Key Management Personnel

14.1.8.  Koninklijke Philips N.V.

14.1.8.1.      Company Details

14.1.8.2.      Products

14.1.8.3.      Financials (As Reported)

14.1.8.4.      Key Market Focus & Geographical Presence

14.1.8.5.      Recent Developments

14.1.8.6.      Key Management Personnel

14.1.9.  Xiaomi Corporation

14.1.9.1.      Company Details

14.1.9.2.      Products

14.1.9.3.      Financials (As Reported)

14.1.9.4.      Key Market Focus & Geographical Presence

14.1.9.5.      Recent Developments

14.1.9.6.      Key Management Personnel

14.1.10.                Voltas Limited

14.1.10.1.    Company Details

14.1.10.2.    Products

14.1.10.3.    Financials (As Reported)

14.1.10.4.    Key Market Focus & Geographical Presence

14.1.10.5.    Recent Developments

14.1.10.6.    Key Management Personnel

15.  Strategic Recommendations/Action Plan

16.   About Us & Disclaimer

Figures and Tables

Figure 1: Global Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 2: Global Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 3: Global Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 4: Global Smart Home Appliances Market Share, By Region, By Value, 2022 & 2028F

Figure 5: Global Smart Home Appliances Market Share, By Company, By Value, 2022

Figure 6: Global Smart Home Appliances Market Map, By Product Type, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 7: Global Smart Home Appliances Market Map, By Sales Channel, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 8: Global Smart Home Appliances Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 9: North America Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 10: North America Country-wise Population (Million), 2021

Figure 11: North America Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 12: North America Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 13: North America Smart Home Appliances Market Share, By Country, By Value, 2018-2028F

Figure 14: United States Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 15: United States Internet Penetration (%), 2016-2020

Figure 16: United States Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 17: United States Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 18: Canada Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 19: Canada Internet Penetration (%), 2016-2020

Figure 20: Canada Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 21: Canada Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 22: Mexico Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 23: Mexico Internet Penetration (%), 2016-2020

Figure 24: Mexico Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 25: Mexico Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 26: Europe Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 27: Europe Country-wise Population (Million), 2021

Figure 28: Europe Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 29: Europe Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 30: Europe Smart Home Appliances Market Share, By Country, By Value, 2018-2028F

Figure 31: United Kingdom Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 32: United Kingdom Internet Penetration (%), 2016-2020

Figure 33: United Kingdom Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 34: United Kingdom Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 35: Germany Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 36: Germany Internet Penetration (%), 2016-2020

Figure 37: Germany Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 38: Germany Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 39: France Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 40: France Internet Penetration (%), 2016-2020

Figure 41: France Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 42: France Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 43: Italy Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 44: Italy Internet Penetration (%), 2016-2020

Figure 45: Italy Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 46: Italy Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 47: Spain Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 48: Spain Internet Penetration (%), 2016-2020

Figure 49: Spain Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 50: Spain Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 51: Asia-Pacific Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 52: Asia-Pacific Country-wise Population (Million), 2021

Figure 53: Asia-Pacific Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 54: Asia-Pacific Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 55: Asia-Pacific Smart Home Appliances Market Share, By Country, By Value, 2018-2028F

Figure 56: China Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 57: China Internet Penetration (%), 2016-2020

Figure 58: China Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 59: China Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 60: Japan Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 61: Japan Internet Penetration (%), 2016-2020

Figure 62: Japan Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 63: Japan Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 64: South Korea Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 65: South Korea Internet Penetration (%), 2016-2020

Figure 66: South Korea Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 67: South Korea Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 68: India Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 69: India Internet Penetration (%), 2016-2020

Figure 70: India Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 71: India Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 72: Australia Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 73: Australia Internet Penetration (%), 2016-2020

Figure 74: Australia Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 75: Australia Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 76: Middle East & Africa Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 77: Middle East & Africa Country-wise Population (Million), 2021

Figure 78: Middle East & Africa Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 79: Middle East & Africa Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 80: Middle East & Africa Smart Home Appliances Market Share, By Country, By Value, 2018-2028F

Figure 81: South Africa Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 82: South Africa Internet Penetration (%), 2016-2020

Figure 83: South Africa Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 84: South Africa Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 85: Saudi Arabia Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 86: Saudi Arabia Internet Penetration (%), 2016-2020

Figure 87: Saudi Arabia Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 88: Saudi Arabia Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 89: UAE Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 90: UAE Internet Penetration (%), 2016-2020

Figure 91: UAE Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 92: UAE Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 93: South America Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 94: South America Country-wise Population (Million), 2021

Figure 95: South America Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 96: South America Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 97: South America Smart Home Appliances Market Share, By Country, By Value, 2018-2028F

Figure 98: Brazil Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 99: Brazil Internet Penetration (%), 2016-2020

Figure 100: Brazil Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 101: Brazil Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 102: Argentina Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 103: Argentina Internet Penetration (%), 2016-2020

Figure 104: Argentina Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 105: Argentina Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Figure 106: Colombia Smart Home Appliances Market Size, By Value (USD Billion), 2018-2028F

Figure 107: Colombia Internet Penetration (%), 2016-2020

Figure 108: Colombia Smart Home Appliances Market Share, By Product Type, By Value, 2018-2028F

Figure 109: Colombia Smart Home Appliances Market Share, By Sales Channel, By Value, 2018-2028F

Frequently asked questions

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Growing penetration of smart homes particularly in developing as well as developed regions, rising prominence for home improvement projects in western countries, and rapid developments and advancements in the IT infrastructure and wireless communication are the leading factors driving the Global Smart Home Appliances Market during the projected period.

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The high price, as well as maintenance and lack of awareness are some of the factors restraining the growth of the market.

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North America is estimated to be the dominating region in the global smart home appliances market, owing to its well-developed Information Communication Technology (ICT) infrastructure and the huge number of connected devices adoptions.

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Some key players operating in the global smart home appliances market include LG Electronics Inc., Haier Smart Home Co., Ltd., Whirlpool Corporation, Samsung Electronics Co. Ltd., Electrolux AB, Panasonic Corporation, BSH Hausgeräte GmbH, Koninklijke Philips N.V., Xiaomi Corporation, Voltas Limited.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Smart Home Appliances Market to Be Dominated By North America During the Forecast Period

May, 2023

Increasing demand for connected devices, along with growing purchasing power and changing lifestyle of consumers are the leading factors driving the global smart home appliances market during the pro

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