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Global Smart Appliances Market 2016-2020

Global Smart Appliances Market 2016-2020

About Smart Appliances

The global household appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, increase in labor costs, busier lifestyles, and the availability of a range of home appliances at competitive prices. With increasing digitalization, consumers have become tech-savvy and have strong knowledge regarding the use and benefits of all modern appliances. Also, the influence of social media on the Gen Y and the millennial population is further encouraging them to purchase appliances that can provide convenience and comfort.

Technavio’s analysts forecast the global smart appliances market to grow at a CAGR of 23.48% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart appliances market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of smart appliances worldwide.The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
Technavio's report, Global Smart Appliances Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Electrolux
  • Haier
  • LG
  • Samsung
  • Whirlpool
Other prominent vendors
  • Dacor
  • Friedrich
  • FUJITSU GENERAL
  • Midea
  • Mitsubishi Electric
  • Panasonic
  • Robert Bosch
  • Videocon
  • Voltas
Market driver
  • Increased convenience and functional value of easily communicating with appliances remotely driving market
  • For a full, detailed list, view our report
Market challenge
  • Lack of technological exposure and awareness hindering mass adoption of smart connected appliances
  • For a full, detailed list, view our report
Market trend
  • Connectivity and other attractive features in smart connected appliances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Appliances Market 2016-2020

Technavio recognizes the following companies as the key players in the global smart appliances market: Electrolux, Haier, LG, Samsung, and Whirlpool

Other Prominent Vendors in the market are: Dacor, Friedrich, FUJITSU GENERAL, Midea, Mitsubishi Electric, Panasonic, Robert Bosch, Videocon, and Voltas

Commenting on the report, an analyst from Technavio’s team said: “Amazon introduced the Amazon Dash Button in 2015, which is an electric device designed to make ordering products from the Amazon website easier and faster. By sticking these Dash Buttons on appliances like dishwashers or washers, consumers can order products like washing powders from Amazon with just one touch. These collaborations between popular players and online retailer Amazon will help increasing the popularity and growth of smart appliances during the forecast period.”

According to the report, wireless technologies like Wi-Fi, Bluetooth, and ZigBee can be used in or accessed by smartphones and tablets. But the inclusion of these technologies in home appliances (like air conditioners) is a means of product differentiation by manufacturers that is enticing tech-savvy consumers.

Further, the report states that when it comes to smart connected appliances, there are concerns regarding security and privacy. Due to the lack of a user interface, the automatic interaction between the connected devices in IoT is often invisible to users; this makes it easy for utility companies or third-party energy management and service providers to collect information, including private and personal data, without the user's knowledge.

Companies Mentioned

Electrolux, Haier, LG, Samsung, Whirlpool, Dacor, Friedrich, FUJITSU GENERAL, Midea, Mitsubishi Electric, Panasonic, Robert Bosch, Videocon, Voltas

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation by product
      • Table Key countries by geography
    • Top-vendor offerings
      • Table Popular product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Timeline of global smart homes
  • Market landscape
    • Market overview
      • Table Global household appliances market 2015-2020 ($ billions)
    • Global smart appliances market
      • Table Factors enabling the growth of IoT trend
      • Table Requirements for IoT and smart appliances
      • Table Global smart appliances market 2015-2020 ($ billions)
      • Table Product life cycle of smart appliances
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by product category
    • Summary by product
      • Table Summary by product type
    • Smart kitchen appliances
      • Table Features of smart kitchen
      • Table Global smart kitchen appliances market 2015-2020 ($ billions)
      • Table Penetration rate of refrigerator in households of different regions
      • Table Global smart refrigerators market 2015-2020 ($ billions)
      • Table Global smart dishwashers market 2015-2020 ($ billions)
      • Table Success of MAID oven on crowdsourcing site Kickstarter
      • Table Global smart ovens market 2015-2020 ($ billions)
    • Smart laundry appliances
      • Table Global smart laundry appliance market 2015-2020 ($ billions)
      • Table Global smart washing machines market 2015-2020 ($ billions)
      • Table Global smart dryers market 2015-2020 ($ billions)
    • Other smart appliances
      • Table Household penetration of conventional air conditioners in different regions worldwide 2015
      • Table Global residential air conditioner market 2015-2020 ($ billions)
      • Table Global smart connected air conditioner market 2015-2020 ($ billions)
  • Market segmentation by distribution channel
    • Table Segmentation by distribution channel 2015
  • Geographical segmentation
    • Smart appliances market in Americas
    • Smart appliances market in Europe
    • Smart appliances market in APAC and MEA
      • Table Global smart appliances market: Geographical segmentation 2015
      • Table Global smart appliances market: Geographical segmentation 2020
  • Key leading countries
    • US
    • China
    • Germany
    • Japan
    • UK
  • Market drivers
    • Increased convenience and functional value of easily communicating with appliances remotely driving market
    • Use of connectivity as a differentiating feature by manufacturers
    • Energy efficiency as a motivating factor for consumers
      • Table Average energy consumption per use of major home appliances by Robert Bosch in 2000 and 2015 (kW)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Security concerns associated with smart air conditioners and IoT concept
    • Lack of technological exposure and awareness hindering mass adoption of smart connected appliances
    • Problems in standardization of communication protocol
    • High initial cost of smart appliances and low consumer base
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Connectivity and other attractive features in smart connected appliances
    • Players collaborating with popular online retailer Amazon
  • Vendor landscape
    • Competitive scenario
      • Table Strategies adopted by the smart appliance players
      • Table Connected devices from the perspective of consumers and manufacturers
    • Other prominent vendors
  • Key vendor analysis
    • Electrolux
      • Table Electrolux: Business segmentation by revenue 2015
      • Table Electrolux: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Electrolux: Geographical segmentation by revenue 2015
    • Haier
      • Table Haier: Business segmentation by revenue 2015
      • Table Haier: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Haier: Geographical segmentation by revenue 2015
    • LG Electronics
      • Table LG Electronics: Business segmentation by revenue 2015
      • Table LG Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table LG Electronics: Geographical segmentation by revenue 2015
    • Samsung Electronics
      • Table Samsung Electronics: Business segmentation by revenue 2015
      • Table Samsung Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Samsung Electronics: Geographical segmentation by revenue 2015
    • Whirlpool
      • Table Whirlpool: Product segmentation by revenue 2015
      • Table Whirlpool: Product segmentation by revenue 2014 and 2015 ($ billions)
      • Table Whirlpool: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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