Smart Home Appliances Market: 32% of Growth to Originate from North America, Offline Segment to be Significant for Revenue Generation

NEW YORK, Aug. 3, 2022 /PRNewswire/ — The smart home appliances market estimates a market value of USD 34.31 Million from 2021 to 2026 as per the latest market forecast report by Technavio. The report projects the market to progress at a CAGR of 15%. 32% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for smart home appliances in North America. However, market growth in this region will be slower than the growth of the market in other regions. An increase in the popularity and adoption of smart home technology, owing to the implementation of stringent government regulations and standards related to energy usage will facilitate the smart home appliances market growth in North America over the forecast period.

Technavio has announced its latest market research report titled Smart Home Appliances Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Technavio has announced its latest market research report titled Smart Home Appliances Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

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Smart Home Appliances Market: Segmentation Analysis

The market research report segments the smart home appliances market by Distribution Channel (Offline and Online), Product (Smart washing machines and dryers, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers), and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).

  • Revenue Generating Segment – The smart home appliances market share growth by the offline segment will be significant for revenue generation. The growth is attributed to the increase in preference by consumers for the purchase of smart home appliances owing to growing urbanization, increasing middle-class income population, and the rapid growth of developing countries.

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Smart Home Appliances Market: Major Driver

  • The key factor driving the global smart home appliances market growth is product innovation in terms of technology, performance, features, and design.

  • Smart home appliances are equipped with cameras, sensors, and connectivity features to enable remote monitoring and control. For instance, Samsung Electronics offers a Counter Depth 4-Door French Door Refrigerator with Family Hub Recessed Handles. Many smart home appliances can shop online without any intervention from the end-users.

  • For instance, a smart refrigerator can automatically replenish the supply. Samsung Electronics smart refrigerators can order food through their grocery shopping partner Instacart. Similarly, a smart washing machine can place an order for fabric softeners and washing powder. Such factors are expected to positively impact the market growth during the forecast period.

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The competitive scenario provided in the Smart Home Appliances Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don’t wait, Make a strategic approach & boost your business goals with our Smart Home Appliances Market Forecast Report – Buy Now!

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Smart Home Appliances Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15%

Market growth 2022-2026

USD 34.31 Million

Market structure

Fragmented

YoY growth (%)

14.0

Regional analysis

North America, Europe, APAC, South America, the Middle East, and Africa

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, Germany, and the UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Crestron Electronics Inc., General Electric Co., Haier Smart Home Co. Ltd., Koninklijke Philips NV, Legrand SA, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Sharp Corp., Videocon Industries Ltd., Vivint Smart Home Inc., Whirlpool Corp., and Xiaomi Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Browse for Technavio “Consumer Discretionary Market” Research Reports

Table of Content

1. Executive Summary                         

2. Market Landscape                            

2.1 Market ecosystem

Exhibit 01: Parent market

2.2: Market Characteristics

Exhibit 02: Market Characteristics

3. Market Sizing                      

3.1 Market Definition

Exhibit 03: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 04: Market segments

3.3 Market size 2020

3.4 Market outlook: Forecast for 2020 – 2025

Exhibit 05: Chart on Global – Market size and forecast 2021-2026 ($ million)

Exhibit 06: Data Table on Global – Market size and forecast 2021-2026 ($ million)

Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)

Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary

Exhibit 09: Five forces analysis 2021 & 2026

4.2 Bargaining power of buyers

Exhibit 10: Bargaining power of buyers

4.3 Bargaining power of suppliers

Exhibit 11: Bargaining power of suppliers

4.4 Threat of new entrants

Exhibit 12: Threat of new entrants

4.5 Threat of substitutes

Exhibit 13: Threat of substitutes

4.6 Threat of rivalry

Exhibit 14: Threat of rivalry

4.7 Market condition

Exhibit 15: Market condition – Five forces 2021

5 Market Segmentation by Distribution Channel

5.1 Market segments

The segments covered in this chapter are Offline and Online.

Exhibit 16: Chart on Distribution Channel – Market share 2021-2026 (%)

Exhibit 17: Data Table on Distribution Channel – Market share 2021-2026 (%)

5.2 Comparison by Distribution Channel

Exhibit 18: Chart on Comparison by Distribution Channel

               Exhibit 19: Data Table on Comparison by Distribution Channel

5.3 Offline – Market size and forecast 2021-2026

Exhibit 20: Market size and forecast 2021-2026

Exhibit 29: Chart on Offline – Market size and forecast 2021-2026 ($ million)

Exhibit 21: Data Table on Offline – Market size and forecast 2021-2026 ($ million)

Exhibit 22: Chart on Offline – Year-over-year growth 2021-2026 (%)

Exhibit 23: Data Table on Offline – Year-over-year growth 2021-2026 (%)

5.4 Online – Market size and forecast 2021-2026

Exhibit 24: Chart on Online – Market size and forecast 2021-2026 ($ million)

Exhibit 25: Data Table on Online – Market size and forecast 2021-2026 ($ million)

Exhibit 26: Chart on Online – Year-over-year growth 2021-2026 (%)

Exhibit 27: Data Table on Online – Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Distribution Channel

Exhibit 28: Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Product

6.1 Market segments

The segments covered in this chapter are Smart washing machines and dryers, Smart air conditioners, Smart refrigerators, Smart microwave ovens, and Smart dishwashers.

Exhibit 29: Chart on Product – Market share 2021-2026 (%)

Exhibit 30: Data Table on Product – Market share 2021-2026 (%)

6.2 Comparison by Product

Exhibit 31: Chart on Comparison by Product

Exhibit 32: Data Table on Comparison by Product

6.3 Smart washing machines and dryers – Market size and forecast 2021-2026

Exhibit 33: Chart on Smart washing machines and dryers – Market size and forecast 2021-2026 ($ million)

Exhibit 34: Data Table on Smart washing machines and dryers – Market size and forecast 2021-2026 ($ million)

Exhibit 35: Chart on Smart washing machines and dryers – Year-over-year growth 2021-2026 (%)

Exhibit 36: Data Table on Smart washing machines and dryers – Year-over-year growth 2021-2026 (%)

6.4 Smart air conditioners – Market size and forecast 2021-2026

Exhibit 37: Chart on Smart air conditioners – Market size and forecast 2021-2026 ($ million)

Exhibit 38: Data Table on Smart air conditioners – Market size and forecast 2021-2026 ($ million)

Exhibit 39: Chart on Smart air conditioners – Year-over-year growth 2021-2026 (%)

Exhibit 40: Data Table on Smart air conditioners – Year-over-year growth 2021-2026 (%)

6.5 Smart refrigerators – Market size and forecast 2021-2026

Exhibit 41: Chart on Smart refrigerators – Market size and forecast 2021-2026 ($ million)

Exhibit 42: Data Table on Smart refrigerators – Market size and forecast 2021-2026 ($ million)

Exhibit 43: Chart on Smart refrigerators – Year-over-year growth 2021-2026 (%)

Exhibit 44: Data Table on Smart refrigerators – Year-over-year growth 2021-2026 (%)

6.6 Smart microwave ovens – Market size and forecast 2021-2026

Exhibit 45: Chart on Smart microwave ovens – Market size and forecast 2021-2026 ($ million)

Exhibit 46: Data Table on Smart microwave ovens – Market size and forecast 2021-2026 ($ million)

Exhibit 47: Chart on Smart microwave ovens – Year-over-year growth 2021-2026 (%)

Exhibit 48: Data Table on Smart microwave ovens – Year-over-year growth 2021-2026 (%)

6.7 Smart dishwashers – Market size and forecast 2021-2026

Exhibit 49: Chart on Smart dishwashers – Market size and forecast 2021-2026 ($ million)

Exhibit 50: Data Table on Smart dishwashers – Market size and forecast 2021-2026 ($ million)

Exhibit 51: Chart on Smart dishwashers – Year-over-year growth 2021-2026 (%)

Exhibit 52: Data Table on Smart dishwashers – Year-over-year growth 2021-2026 (%)

6.8 Market opportunity by Product

Exhibit 53: Market opportunity by Product ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 54: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates & purchase criteria.

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 55: Chart of Market share by geography 2021-2026 (%)

Exhibit 56: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 57: Chart on Geographic comparison

Exhibit 58: Data Table on Geographic comparison

8.3 North America – Market size and forecast 2021-2026

Exhibit 59: Chart on North America – Market size and forecast 2021-2026 ($ million)

Exhibit 60: Data Table on North America – Market size and forecast 2021-2026 ($ million)

Exhibit 61: Chart on North America – Year-over-year growth 2021-2026 (%)

Exhibit 62: Data Table on North America – Year-over-year growth 2021-2026 (%)

8.4 Europe – Market size and forecast 2021-2026

Exhibit 63: Chart on Europe – Market size and forecast 2021-2026 ($ million)

Exhibit 64: Data Table on Europe – Market size and forecast 2021-2026 ($ million)

Exhibit 65: Chart on Europe – Year-over-year growth 2021-2026 (%)

Exhibit 66: Data Table on Europe – Year-over-year growth 2021-2026 (%)

8.5 APAC – Market size and forecast 2021-2026

Exhibit 67: Chart on APAC – Market size and forecast 2021-2026 ($ million)

Exhibit 68: Data Table on APAC – Market size and forecast 2021-2026 ($ million)

Exhibit 69: Chart on APAC – Year-over-year growth 2021-2026 (%)

Exhibit 70: Data Table on APAC – Year-over-year growth 2021-2026 (%)

8.6 South America – Market size and forecast 2021-2026

Exhibit 71: Chart on South America – Market size and forecast 2021-2026 ($ million)

Exhibit 72: Data Table on South America – Market size and forecast 2021-2026 ($ million)

Exhibit 73: Chart on South America – Year-over-year growth 2021-2026 (%)

Exhibit 74: Data Table on South America – Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa – Market size and forecast 2021-2026

Exhibit 75: Chart on the Middle East and Africa – Market size and forecast 2021-2026 ($ million)

Exhibit 76: Data Table on the Middle East and Africa – Market size and forecast 2021-2026 ($ million)

Exhibit 77: Chart on the Middle East and Africa – Year-over-year growth 2021-2026 (%)

Exhibit 78: Data Table on the Middle East and Africa – Year-over-year growth 2021-2026 (%)

8.8 US – Market size and forecast 2021-2026

Exhibit 79: Chart on the US – Market size and forecast 2021-2026 ($ million)

Exhibit 80: Data Table on the US – Market size and forecast 2021-2026 ($ million)

Exhibit 81: Chart on US – Year-over-year growth 2021-2026 (%)

Exhibit 82: Data Table on US – Year-over-year growth 2021-2026 (%)

8.9 China – Market size and forecast 2021-2026

Exhibit 83: Chart on China – Market size and forecast 2021-2026 ($ million)

Exhibit 84: Data Table on China – Market size and forecast 2021-2026 ($ million)

Exhibit 85: Chart on China – Year-over-year growth 2021-2026 (%)

Exhibit 86: Data Table on China – Year-over-year growth 2021-2026 (%)

8.10 Germany – Market size and forecast 2021-2026

Exhibit 87: Chart on Germany – Market size and forecast 2021-2026 ($ million)

Exhibit 88: Data Table on Germany – Market size and forecast 2021-2026 ($ million)

Exhibit 89: Chart on Germany – Year-over-year growth 2021-2026 (%)

Exhibit 90: Data Table on Germany – Year-over-year growth 2021-2026 (%)

8.11 Canada – Market size and forecast 2021-2026

Exhibit 91: Chart on Canada – Market size and forecast 2021-2026 ($ million)

Exhibit 92: Data Table on Canada – Market size and forecast 2021-2026 ($ million)

Exhibit 93: Chart on Canada – Year-over-year growth 2021-2026 (%)

Exhibit 94: Data Table on Canada – Year-over-year growth 2021-2026 (%)

8.12 UK – Market size and forecast 2021-2026

Exhibit 95: Chart on the UK – Market size and forecast 2021-2026 ($ million)

Exhibit 96: Data Table on the UK – Market size and forecast 2021-2026 ($ million)

Exhibit 97: Chart on the UK – Year-over-year growth 2021-2026 (%)

Exhibit 98: Data Table on the UK – Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 99: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.1.1 Product innovation in terms of technology, performance, features, and design

9.1.2 Periodic revisions in energy efficiency standards

9.1.3 Growing adoption of wireless connecting devices and IoT

9.2 Market challenges

9.2.1 High cost of smart home appliances

9.2.2 Privacy issues with respect to data

9.2.3 Lack of awareness in developing and underdeveloped countries

9.3 Impact of drivers and challenges

Exhibit 100: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

9.4.1 Introduction of additional features in smart home appliances

9.4.2 Partnerships with other companies

9.4.3 Increasing M and A activities

10. Vendor Landscape

10.1   Competitive scenario

10.2   Vendor landscape

Exhibit 101: Vendor Landscape

10.3   Landscape disruption

Exhibit 102: Landscape disruption

10.4   Industry risks

Exhibit 103: Industry risks

11.   Vendor Analysis

11.1   Vendors covered

Exhibit 104: Vendors covered

10.2 Market positioning of vendors

Exhibit 105: Matrix on vendor position and classification

11.3 AB Electrolux

Exhibit 106: AB Electrolux – Overview

Exhibit 107: AB Electrolux – Business segments

Exhibit 108: AB Electrolux – Key news

Exhibit 109: AB Electrolux – Key offerings

Exhibit 110: AB Electrolux – Segment focus

11.4 General Electric Co.

Exhibit 111: General Electric Co. – Overview

Exhibit 112: General Electric Co. – Business segments

Exhibit 113: General Electric Co. – Key news

Exhibit 114: General Electric Co. – Key offerings

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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Email: [email protected]
Website: www.technavio.com/

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