Global Smart Home Appliances Market, By Product (Washing Machine, Refrigerators, TV, Air Conditioner, Vacuum Cleaners, Others), By Distribution Channel (Online, Multi-Brand Electronic Stores, Supermarket/Hypermarket, Others), By Region, Competition Forecast and opportunities, 2027
New York, July 21. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Global Smart Home Appliances Market, By Product, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027” Report – https://www.reportlinker.com/p06293087/?utm_source=GNW
The global smart home appliances market is expected to witness an impressive CAGR during the forecast period 2023-2027. Factors such as increasing construction of smart homes in developing and developed countries and increasing spending on home improvement products are mainly driving the demand for the global smart home appliances market.
An increase in investments by public and private players to advance the IT infrastructure and wireless communication network in their respective countries is expected to positively influence the demand for the global smart home appliances market. Improving living standards and demand for luxury goods such as air conditioners, washing machines, and others are also expected to fuel the market growth during the forecast period.
Modern home appliances equipped with user interfaces that often perform their jobs well and provide state-of-the-art user experiences are called smart devices. Such equipment may include smart air conditioners, smart security systems, smart TVs, etc.
These devices are often linked together using Bluetooth, Wi-Fi or voice recognition technology.
The global smart home appliances market is segmented into product, distribution channel, competitive landscape and regional distribution. Based on the product, the market is divided into washing machine, refrigerators, television, air conditioner, vacuum cleaners and others.
The smart washing machine segment is expected to capture the highest market share during the forecast period 2023-2027. The market is predicted to grow owing to the rise in demand for technologically advanced home appliances that work efficiently and have a convenient user interface that can be operated through a connected smartphone app.
Major market players operating in the global smart home appliances market are Samsung Electronics Co., Ltd., BSH Hausgeräte GmbH, General Electric Company, Whirlpool Corporation, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Electrolux AB, Breville Group Limited. , Voltas Limited, among others.
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022E
Forecast Period: 2023F–2027F
Goal of the study:
• To analyze the historical growth of the global smart home appliances market size from 2017 to 2021.
• Estimate and forecast the global Smart Home Appliances market size from 2022E to 2027F and the growth rate till 2027F.
• Classify and forecast the global Smart Home Appliances Market based on product, distribution channel, regional distribution, and competitive landscape.
• To identify the dominant region or segment in the global smart home appliances market.
• Identify drivers and challenges for the global smart home appliances market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global smart home appliances market.
• Identify and analyze the profile of key players operating in the global Smart Home Appliances market.
• Identify the key sustainable strategies adopted by market players in the global smart home appliances market.
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of manufacturers, distributors and manufacturers across the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the globe.
The analyst has calculated the global smart home appliance market size using a bottom-up approach, in which data from various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these types of products and applications to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Manufacturers, end users and other stakeholders
• Product distributors and suppliers and other stakeholders
• Organizations, forums and alliances related to the smart home appliances market
• Market research and consulting firms
The study is helpful in providing answers to several critical questions which are important for industry stakeholders such as manufacturers, suppliers, end users etc. besides enabling them to form strategies for investment and capitalize on market opportunities.
In this report, the global smart home appliances market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Global smart home appliance market, by product:
o Washing machine
o Air conditioner
o Vacuum cleaners
• Global smart home appliance market, by distribution channel:
o Multi-brand electronics stores
o Supermarket / Hypermarket
• Global smart home appliance market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
Company Profiles: Detailed analysis of the major companies present in the global smart home appliances market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06293087/?utm_source=GNW
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