Smart Home Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
"The Report Smart Home
Appliances Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
About
Smart
Home Appliances Market
Smart home appliances are the
class of next-generation connected equipment that are designed to be
controlled with the help of commands from a central system or
communicate with other appliances in a network and make certain
decisions for the owner. The concept of connected devices, which
allow the user to manage everyday home appliances, such as ovens,
refrigerators, stoves, air conditioners, vacuum cleaners, washing
machines, etc. from any corner of the house, with the use of a mobile
computing device, a simple app, and some kind of network that
connects the user with the devices, is highly fascinating.
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The promise of added convenience
when using these devices, the amount of time saved as compared to
when manually operating them, and the reduction in power and energy
achieved are some of the major factors leading to the increased
popularity of smart home appliances on a global scale. Over the
report’s forecast period, the market for smart home appliances is
projected to flourish.
Some of the major product types in
the global smart home appliances market that currently have smart
connectivity features are washing machines, vacuum cleaners,
refrigerators, microwave ovens, air conditioners, coffee makers,
lighting systems, television sets, sound systems, garage doors, hot
water systems, and gates.
The major connectivity platforms
used in the market include Wi-Fi, Bluetooth, NFC, ZigBee, and Z-Wave.
Smart Home Appliances Market: Key
Trends and Opportunities
The global market for smart home
appliances is driven by factors such as the rising adoption of mobile
devices and technologically advanced products worldwide; the
expanding network of high-speed Internet; the energy-efficient nature
of smart home appliances; technological advancements in the fields of
connectivity mediums, sensors, microchips, and hardware products; and
the declining prices of connectivity modules.
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As
the tech-savvy and connected consumer of the present day becomes more
receptive to connected technologies and the new functionalities that
the
technology is bringing, device manufacturers are also increasingly
shifting their focus to the smart appliances segment. Though the
prices of these products are currently higher than traditional
“nonsmart” appliances, the market will soon feature economic
products as more device manufactures challenge themselves to include
connectivity features in their appliances.
Smart Home Appliances Market:
Region-wise Outlook
China, which is the leading
manufacturer of a variety of home appliances, is projected to be the
leading market for the smart home appliances over the report’s
forecast period. The market is also expected to see heightened demand
for a variety of smart home appliances and systems from developed
regions such as North America and Europe, primarily owing to the
technologically advanced infrastructure, high disposable incomes, and
easy availability of advanced products in these regions.
Demand for smart home appliances
is also expected to rise in the developing parts of Asia Pacific
owing to strengthening economies and the rising disposable incomes of
the people living therein, continuous expansion of high-speed
Internet in the regions, the rising commercialization of smart home
systems, and the easy availability of these systems in the region.
Smart Home Appliances Market:
Competitive Landscape
Some of the world’s most
prominent consumer electronics companies, such as Whirlpool,
Electrolux, GE Appliances, LG, and Samsung, are making their mark in
the smart home appliances market by producing smart technology
devices. Having shifted their focus from mature businesses like
smartphones and televisions, these companies are at an advantage
owing to their early entry into the market. The vast growth
opportunities in the market have also lured technology giants such as
Microsoft, Google, Cisco, Intel, Xiaomi, and Apple, which have either
already ventured into or are planning to set foot in the global smart
home appliances market soon.
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for
upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point
analysis for changing competitive dynamics
It provides a forward looking
perspective on different factors driving or restraining market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the
key product segments and their future
It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken
to maintain the highest levels of accuracy in TMR’s reports, recent
market/vendor-specific changes may take time to reflect in the
analysis.
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