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Global Smart Home Appliances Market Evolving with Concurring Technical Advancements

Published By: IndustryARC Published On : 11-Apr-2019

Growth and development have been the aim of mankind since the initial societal establishment. And, the introduction of smartphones was one of the most valuable innovations in history. Now, humanity is on the verge of another extraordinary evolution with the advancement of smart homes. According to IndustryARC, the global smart home appliances market size stood at $32.86 billion as of 2018. Foreseeing the technical advancements, the analysts of the report have projected the global smart home appliances market to grow at an incredible compound annual growth rate (CAGR) of 15.40% through the forecast period of 2019 to 2025. 

 

The report is titled “

Smart Home Appliances Market: By Connectivity (NFC, Bluetooth, ZigBee, Wi-Fi, EnOcean, Cellular, RFID and Others); By Appliance (Home Appliances, Kitchen Appliances and Others) - Forecast(2019 - 2025)

.” The report is inclusive of various market aspects including size, trends, forecast, demands, opportunities, challenges, and geographical demand distributions.

 

Global Smart Home Appliances Market: Leading Segments

Currently, North America is leading the throne in the global smart home appliances market. The region grabbed 31.57% of the total smart home appliances market demand in 2018, with the US holding a prominent position. North America is one of the most developed regions on the planet and the hyped disposable income in society is driving the population towards experiencing a luxurious lifestyle. Continued changing lifestyle and advancement of technology will aid the exponential growth in the North America smart home appliances market.

 

By application, home appliances are the key application withdrawing the profits in the market and the opportunities are evaluated to grow at a CAGR of 17.89% through the aforementioned forecast period. Smart home appliances market growth is advent to the trending smart house concept.   

 

Global Smart Home Appliances Industry Analysis

Other than automation, security is one of the most important aspects being tackled by the smart home appliances market. Smart home appliances are related with the instalments of smart security solutions in homes. Smart appliances are tailored to detect the instances of burglaries in houses occurring in the absence of any member of the house. According to Forbes[KK1] , around 486,006 break-ins were recorded in the United States which could have been prevented by the smart security home appliances. Smart home appliances use radio frequency identification (RFID), cellular technology and Bluetooth technology based on open source software and proprietary software to monitor and automate in-home systems through mobile computing device and desktops.

As per the Consumer Technology Association[KK2] , the growth in the smart home technologies predicted the shipment of 41.2 million units in 2018. This is a remarkable shoot in sales by 43% as compared to the precedent year. This is a constantly growing industry which aims to improve the lives of citizen across the world. Snowballing urbanization under the technical advancements will aid profits in the global smart home appliances market.   

 

Global Smart Home Appliances Market Trends

Artificial Intelligence:

 This nurturing technology will plant IQ in conventional home appliances. In simple language, the connectivity challenges will be reduced because of interconnectivity among the devices. Artificial intelligence will reduce the human efforts and interactions to achieve simple tasks such as turning lights on/off, A.C.’s, security gates and so on.

 

IoT:

Internet of things is the technology which is shaping the future. The technique will connect all the electronic devices with the Internet with the help of that all the devices will have the feature to communicate among themselves thereby reducing human interaction. Indulgence of IoT in smart home appliance will streamline profits in the global smart home appliances market.

 

Global Smart Home Appliances Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the automotive coatings market are LG Electronics, Panasonic Corp., Samsung, Whirlpool Corp, Haier, Microsoft, Broadcom, GE, Electrolux, Robert Bosch GmbH and Voltas Limited.

 

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=15374

 

Related Reports:

 

A.   

Smart Homes Market

https://industryarc.com/Report/1250/smart-homes-market.html 

B.    

Smart Energy Devices Market

https://industryarc.com/Report/15256/smart-energy-devices-market.html 

C.   

Home Security Systems Solutions Market

https://industryarc.com/Report/15497/home-security-systems-solutions-market.html

 

What can you expect from the report?

The global smart home appliances market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.

 

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Mr. Venkat Reddy

Sales Manager          

Email 1: sales@industryarc.com

Or Email 2: venkat@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

 

About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

 

 [KK1]https://www.forbes.com/sites/niallmccarthy/2018/02/16/the-u-s-states-with-the-highest-rates-of-burglary-infographic/#224164af2d45

 [KK2]https://www.cta.tech/News/Press-Releases/2018/July/Total-Consumer-Tech-Revenue-to-Reach-Record-$377-B.aspx

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