
Smart Home Appliances Market Size, Share & Trends Analysis Report By Distribution Channel (Online, Offline), By Product (Smart Washing Machines, Smart Air Purifiers), By Region (APAC, Europe), And Segment Forecasts, 2022 - 2030
Description
Smart Home Appliances Market Size, Share & Trends Analysis Report By Distribution Channel (Online, Offline), By Product (Smart Washing Machines, Smart Air Purifiers), By Region (APAC, Europe), And Segment Forecasts, 2022 - 2030
Smart Home Appliances Market Growth & Trends
The global smart home appliances market size is expected to reach USD 64.69 billion by 2030, registering a CAGR of 8.6%
during the forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by
factors such as growing penetration of smart homes across the globe, rapid developments & advancements in the IT
infrastructure, changing demographic preferences, and the need to safeguard the global environment from polluting effluents,
such as Greenhouse Gasses (GHG) and toxic wastes. Brands are offering a wide range of products keeping in mind the millennial
and Gen-Z population, resulting in a plethora of opportunities in the industry.
From using premium smart lights to advanced AI faucets, the trend bodes well for the future of the market. Technological
innovations incorporated into homes have been key demand driving factors for this industry. Home appliance brands are making
it easier to recreate a customized experience at home by offering luxury tech-driven appliances that are designed to multi-
task with automation and are AI-driven. For instance, Electrolux AB has an ongoing extensive modularization program that
lowers product development and production costs. Nearly 65% of the company’s home appliances are manufactured at a low cost.
Smart washing machines emerged as the largest segment in 2021 and this segment is expected to be dominant during the forecast
period.
The smart air purifiers segment is expected to register the fastest CAGR from 2022 to 2030. Increased attention to the
hygiene factor across the globe, especially because of the COVID-19 pandemic, is fueling the growth of the smart air
purifiers segment. According to the World Health Organization (WHO), 9 out of 10 people breathe contaminated air containing a
high level of pollutants. It states that outdoor and indoor air pollution leads to around 7 million premature deaths every
year, out of which 3.8 million people die because of exposure to indoor air pollution. The industry is characterized by the
presence of several well-established players that account for considerable market shares and have a strong presence across
the globe. The industry also consists of small- to mid-sized players that offer a selected range of products and mostly serve
regional customers.
Smart Home Appliances Market Report Highlights
Smart Home Appliances Market Growth & Trends
The global smart home appliances market size is expected to reach USD 64.69 billion by 2030, registering a CAGR of 8.6%
during the forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by
factors such as growing penetration of smart homes across the globe, rapid developments & advancements in the IT
infrastructure, changing demographic preferences, and the need to safeguard the global environment from polluting effluents,
such as Greenhouse Gasses (GHG) and toxic wastes. Brands are offering a wide range of products keeping in mind the millennial
and Gen-Z population, resulting in a plethora of opportunities in the industry.
From using premium smart lights to advanced AI faucets, the trend bodes well for the future of the market. Technological
innovations incorporated into homes have been key demand driving factors for this industry. Home appliance brands are making
it easier to recreate a customized experience at home by offering luxury tech-driven appliances that are designed to multi-
task with automation and are AI-driven. For instance, Electrolux AB has an ongoing extensive modularization program that
lowers product development and production costs. Nearly 65% of the company’s home appliances are manufactured at a low cost.
Smart washing machines emerged as the largest segment in 2021 and this segment is expected to be dominant during the forecast
period.
The smart air purifiers segment is expected to register the fastest CAGR from 2022 to 2030. Increased attention to the
hygiene factor across the globe, especially because of the COVID-19 pandemic, is fueling the growth of the smart air
purifiers segment. According to the World Health Organization (WHO), 9 out of 10 people breathe contaminated air containing a
high level of pollutants. It states that outdoor and indoor air pollution leads to around 7 million premature deaths every
year, out of which 3.8 million people die because of exposure to indoor air pollution. The industry is characterized by the
presence of several well-established players that account for considerable market shares and have a strong presence across
the globe. The industry also consists of small- to mid-sized players that offer a selected range of products and mostly serve
regional customers.
Smart Home Appliances Market Report Highlights
- The growing penetration of smart homes across the globe is driving the demand for various smart home appliances
- North America was the largest regional market in 2021 due to the high number of renovation activities and
- The Asia Pacific region is expected to register a healthy CAGR from 2022 to 2030 due to increasing disposable income
- The smart air purifiers product category is expected to grow at the fastest CAGR from 2022 to 2030. The increasing
- The growing popularity of online shopping and smart & connected devices among millennials as well as the young
Table of Contents
99 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Outlook
- 2.4. Regional Outlook
- Chapter 3. Smart Home Appliances Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter’s
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Smart home appliances Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Smart home appliances Market
- Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
- Chapter 5. Smart Home Appliances Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Smart Washing Machines
- 5.2.1. Smart washing machines market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Smart Refrigerators
- 5.3.1. Smart refrigerators market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Smart Air Purifiers
- 5.4.1. Smart air purifiers market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Smart TV
- 5.5.1. Smart TV market estimates and forecast, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others market estimates and forecast, 2017 - 2030 (USD Million)
- Chapter 6. Smart Home Appliances Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Online
- 6.2.1. Market estimates and forecast through online distribution channel, 2017 - 2030 (USD Million)
- 6.3. Offline
- 6.3.1. Market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)
- Chapter 7. Smart home appliances Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
- Chapter 9. Company Profiles
- 9.1. Samsung Electronics Co. Ltd
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. BSH Hausgeräte GmbH
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Whirlpool Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. LG Electronics
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Electrolux AB
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Panasonic Corporation
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Haier Group
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Koninklijke Philips N.V
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. GE Appliances
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Xiaomi Corporation
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
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