Global Smart Appliances Market Overview:
A smart appliance is an advanced version of a traditional appliance that is controlled by connected devices. The connected devices are tablets or computers, as well as smartphones, and are designed to provide more control and information. The advanced smart appliances are researched and developed to work according to the user's needs, and the user is notified when it is time to turn off. Further, the microwave oven reviews when the cooked food is ready to be served, as well as the end-users get informed when the laundry is completed. The energy-saving feature is special in smart appliances, allowing the end-user to function with minimal power consumption.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Integration With Advance Technology Such As Artificial Intelligence In Smart Appliances
Market Growth Drivers:
Increasing Disposable Income Of People, Growing Awareness On Energy Efficiency Among Consumers Lead The Demand For Smart Appliances and Increasing Adoption Of Digital Devices Across The Globe
Lack Of Awareness Regarding Use Of Technologies In Rural Area and Intense Competition Among Players
High Cost Associated With Repair And Maintenance Of Smart Appliance
Growing The Sales Of Smart Appliances Online Platform and Government Regulations Have Increased The Importance Of Energy Saving That Create Opportunity For Smart Appliances
The market for Smart Appliances is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Whirlpool Corp. (United States), Haier Co. Ltd. (China), LG Inc. (South Korea), General Electric Co. (United States), Philips N.V. (the Netherlands), Groupe SEB (France), Samsung (South Korea), Miele & Cie. KG (Germany), Electrolux AB (Sweden), BSH Hausgerate GmbH (Germany), Panasonic Corp. (Japan), Qualcomm (United States), Bosch (Germany) and Dyson (Singapore). Analyst at AMA Research see United States Vendors to retain maximum share of Global Smart Appliances market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Smart Appliances market. Considering Market by Technology , the sub-segment i.e. Wi-Fi will boost the Smart Appliances market.
On 23 April 2022, LG Electronics unveiled their new lineup of Home Appliances which includes a range of smart appliances with AI Technology. The latest products sport stylish designs to suit a premium lifestyle. The lineup consists of new InstaView Door-in-Door Refrigerators, AI Direct Drive Washing Machines, VIRAAT Air Conditioners, UV+UF Water Purifiers and a new range of Charcoal Microwave, and On 13 February 2021, Panasonic announced the expansion of its Miraie range of products. The company launched connected refrigerator, washing machine, WiFi fan, smart digital switches and WiFi controller plugs. The new range of Miraie appliances will be available across Panasonic brand shops, large format retail outlets and online platforms
What Can be Explored with the Smart Appliances Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Appliances Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Appliances
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Appliances market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Appliances market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.