The factors that propel the growth of the market include increasing acceptance of IoT and rising demand for smart homes, improving the lifestyle of people, technological advancements, development in electronics and communication technologies, and increasing buying power.

1. Smart Home Appliances Industry Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
Global smart home appliances market is anticipated to witness an exponential growth in the forecast period.
Smart home appliances provide connectivity via diverse interactive wireless procedures such as Wi-Fi,
Bluetooth, and NFC. They are mostly connected through microcontrollers. The factors that propel the growth
of the market include increasing acceptance of IoT and rising demand for smart homes, improving the
lifestyle of people, technological advancements, development in electronics and communication
technologies, and increasing buying power.
On the other hand, there are factors that may hamper the growth of the market including the high cost of
appliances and lack of consciousness regarding the use of sophisticated appliances and technologies. Smart
home appliances market is anticipated to expand at a significant CAGR of 50.24% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
The market could be explored by product type, technology, application and geography. The market could be
explored by product type as Refrigerator, Washing machine, Air conditioner, and Dishwasher. The
“Refrigerator” segment led the smart home appliances market in 2017 and will continue to lead in the
forecast period. The key factors that may be attributed to the growth of market includes increased
innovation in terms of technology and high usage in homes.
“The factors that propel the growth of the market include
increasing acceptance of IoT and rising demand for smart
homes, improving the lifestyle of people, technological
advancements, development in electronics and
communication technologies, and increasing buying
power.”

2. Get Sample Copy of this Report @
https://www.millioninsights.com/industry-reports/smart-home-appliances-market/request-sample
Based on technology, the market could span Radio Frequency Identification (RFID), Wi-Fi, ZigBee, Bluetooth,
Cellular Technology, Z Wave, EnOcean, HomeRF, and Insteon. The “Wi-Fi” segment led the market in 2017
and will continue to lead in the forecast period. The key factors that may be attributed to the growth of
market includes an effective technology to work a large number of home appliances from isolated locations.
The key applications that could be explored in the smart home appliances market include Commercial and
Residential.
North America accounted for the major share of the smart home appliances market in 2017 and will continue
to lead in the forecast period. The factors that could be attributed to the growth include strong research and
development in the field, high presence of a large number of industrial companies, penetration of Internet
of Things and others. North America is followed by Asia-Pacific region owing to increasing consciousness
among individual, growth of technology in the region, and rising demand of smart home appliances, rising
disposable income has led to change lifestyle among individuals.
Some of the key players that fuel the growth of the smart home appliances market comprise Panasonic
Corporation, General Electric Company, LG Electronics, Inc., Electrolux AB, Koninklijke Philips N.V., Samsung
Electronics Co., Ltd., Haier Electronics Group Co., Ltd., Apple, Inc., BSH Hausgerate GmbH, Whirlpool
Corporation, and Miele & Cie. KG. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Browse Related Category Market Reports @
https://www.millioninsights.com/industry/consumer-electronics

3. Market Segment:
Key Region
• United States
• EU
• China
• Japan
• South Korea
• Taiwan
Key Players
• BSH
• GE
• Whirlpool
• LG
• Electrolux
• Panasonic
• Miele & Cie
• Philips
• IRobot
• Ecovacs
• Neato
• Haier
• Midea
• Hisense
Key Product
• Smart Air-Con and Heater
• Smart Washing and Drying
• Smart Refrigerator
• Smart Large Cookers
• Smart Dishwashers
End User
• Cooking
• Food Storage
• Cleaning
• House Maintenance

4. Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer
satisfaction. Our representatives strive to understand diverse client requirements and cater
to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Global Headquarters
Million Insights
Felton Office Plaza 6265 Highway 9
Felton, California 95018, United States
Phone: 1-408-610-2300
Email: sales@millioninsights.com
Asia Pacific
Million Insights
Office No. 302, 3rd Floor, Manikchand
Galleria, Model Colony, Shivaji Nagar,
Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com