The smart appliances market is expected to grow from USD 33.8 billion in 2021 to USD 76.4 billion by 2026; it is expected to grow at a CAGR of 17.7% during the forecast period. The major driving factors for the growth of the smart appliances market include rising energy prices, changing lifestyles of consumers, increasing use of wireless connectivity, and increased government regulations to save energy.
Service segment to witness higher CAGR growth from 2021 to 2026
In terms of CAGR, the service segment in offerings is expected to increase significantly the smart appliances market during the forecast period from 2021 to 2026. The scope of services segment of the smart appliances market includes system integration services, repair & maintenance services, consulting services and others. The majority of smart appliances are used by residential end-users. Thus, the demand for after-sales services such as maintenance, repair, or consulting is high in the residential end-user segment.
High adoption of ZigBee and Z-wave technology drives the market growth
ZigBee uses ZigBee protocol, a lower power specification based on the IEEE 802.15.4 standard for personal area network. ZigBee is used to create personal area networks (PANs) with small, low-power digital radios and has a transmission distance of 10-100 m. ZigBee operates at a frequency of 2.4 GHz, like that of Bluetooth. Z-Wave is a wireless communications protocol used for home automation. It was developed by a Danish startup named Zen-Sys (Denmark), which was later acquired by Sigma Designs (US) in 2008. It provides a simple and reliable ecosystem of low-power RF radio embedded into home electronics systems and devices such as security systems, home cinema, lighting, automated window treatments, and HVAC. Z-Wave’s advanced wireless technology is gaining popularity owing to its high speed and reliability. The demand for these technologies have been increased in the recent time and is expected to drive the market.
The residential sector in the end-user industry to show significant growth in the smart appliances market, after COVID-19.
In the post-COVID-19 scenario, the smart appliances market for residential end-users is estimated to grow during the forecast period. The COVID-19 pandemic has affected the smart appliances market both positively and negatively. The demand for smart appliances such as refrigerators and washing machines has increased due to the COVID-19 pandemic. Post the outbreak of the virus, the majority of the population is working from home; thus, spending more time at home requires a large number of appliances that can complete tasks more efficiently as compared to traditional methods
North America to account for the second-largest market share during the forecast period.
In 2020, the outbreak of COVID-19 has severely affected the demand for smart appliances products in the US and other North American countries, which is likely to undermine the GDP of North American countries. North America, being a hotspot for the COVID-19 outbreak, is expected to witness a significant impact on the demand for smart appliances in the region. With the lifting of lockdown restrictions, the demand will revive slowly during the forecast period.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the smart appliances market.
Following is the breakup of the profiles of primary participants for the report:
- By Company Type: Tier 1 - 35 %, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-Level Executives - 35%, Managers - 25%, and Others - 40%
- By Region: North America - 45%, Europe - 20%, APAC - 30%, and RoW - 5%
The report profiles key players in the smart appliances market and analyzes their market shares. Players profiled in this report are Xiaomi (China), LG Electronics (South Korea), Panasonic (Japan), Samsung Electronics (South Korea), Whirlpool (US), Electrolux (Sweden), Koninklijke Philips (Netherlands), BSH Hausgerate (Germany), Haier Smart Home (China), and Miele & Cie. KG (Germany).
Research Coverage
This report segments the smart appliances market by offering(products & services), technology, sales channel, end-user industry, and geography. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes market share analysis, value chain analysis, porter’s five forces analysis, trade analysis, ecosystem, technological trends, pricing analysis, key patents, standards and frameworks, and case studies/use cases.
Reasons to Buy This Report
The report will help leaders/new entrants in the smart appliances market in the following ways:
1. The report segments the smart appliances market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities about the smart appliances market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the smart appliances market. The competitive landscape section describes the competitor ecosystem.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Inclusions and Exclusions
1.3 Summary of Changes
1.4 Study Scope
1.4.1 Markets Covered
Figure 1 Smart Appliances Market Segmentation
1.4.2 Geographic Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Process Flow: Smart Appliances Market Size Estimation
Figure 3 Research Design
2.1.1 Secondary and Primary Research
Figure 4 Research Approach
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.2.2 Key Secondary Sources
2.1.3 Primary Data
2.1.3.1 Key Data from Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Primary Interviews with Experts
2.1.3.4 List of Key Primary Respondents
2.1.3.5 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size by Bottom-Up Analysis
Figure 5 Smart Appliances Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis
Figure 6 Smart Appliances Market: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 7 Data Triangulation
2.4 Assumptions for Research Study
2.5 Limitations
2.6 Risk Assessment
Table 1 Risks
3 Executive Summary
3.1 Smart Appliances Market: Post COVID-19
3.1.1 Realistic Scenario
Figure 8 Realistic Scenario: Smart Appliances Market, 2017-2026 (USD Billion)
3.1.2 Pessimistic Scenario
Figure 9 Pessimistic Scenario: Smart Appliances Market, 2017-2026 (USD Billion)
3.1.3 Optimistic Scenario
Figure 10 Optimistic Scenario: Smart Appliances Market, 2017-2026 (USD Billion)
Figure 11 Impact of COVID-19 on Smart Appliances Market
Figure 12 Products Segment to Account for Larger Market Size During Forecast Period
Figure 13 Wi-Fi Segment to Account for Largest Size of Smart Appliances Market During Forecast Period
Figure 14 Residential Segment to Dominate Smart Appliances Market During Forecast Period
Figure 15 Indirect Sales Channel Segment to Hold Larger Share of Smart Appliances Market During Forecast Period
Figure 16 North America Held Largest Market Share in 2020
4 Premium Insights
4.1 Attractive Growth Opportunities in Smart Appliances Market
Figure 17 Increasing Demand for Smart Appliances in APAC to Drive Market Growth
4.2 Smart Appliances Market, by Offering
Figure 18 Products Segment to Register Higher CAGR During Forecast Period
4.3 Smart Appliances Market, by Technology
Figure 19 Wi-Fi Segment Dominated Smart Appliances Market in 2020
4.4 Smart Appliances Market in North America, by Country and End-user
Figure 20 Us and Residential Segment to Hold Largest Shares of Smart Appliances Market in North America in 2026
4.5 Smart Appliances Market, by Sales Channel
Figure 21 Indirect Sales Channel Segment to Exhibit Higher CAGR from 2021 to 2026
4.6 Smart Appliances Market, by Country (2021)
Figure 22 Us to Hold Largest Share of Smart Appliances Market in 2021
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Smart Appliances Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Penetration of Internet and Smartphones Across World
Figure 24 Region-Wise Internet Usage Data Till September 2020
5.2.1.2 Rising Availability of Wireless Connectivity Solutions
5.2.1.3 Intensifying Consumer Focus on Convenience, Cost Reduction, and Energy Conservation
Figure 25 Drivers for Smart Appliances Market and Their Impacts
5.2.2 Restraints
5.2.2.1 Data Privacy Concerns Among End-users
Figure 26 Data Breach Complaints in Us, 2018-2020
Figure 27 Restraints for Smart Appliances Market and Their Impacts
5.2.3 Opportunities
5.2.3.1 Rise in Demand for Smart Appliances due to COVID-19
5.2.3.2 Integration of New Technologies, Such as Ai, with Smart Appliances
Figure 28 Opportunities for Smart Appliances Market and Their Impacts
5.2.4 Challenges
5.2.4.1 Achieving Zero Carbon Emission and Circular Economy
5.2.4.2 High Cost Associated with Installation of Smart Appliances
5.2.4.3 Compatibility Problem Between Devices of Different Companies
Figure 29 Challenges for Smart Appliances Market and Their Impacts
5.3 Value Chain Analysis
Figure 30 Value Chain Analysis: Smart Appliances Market
5.4 Porter's Five Force Analysis
5.4.1 Degree of Competition
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Threat of New Entrants
Table 2 Smart Appliances Market: Porter's Five Forces Analysis
5.5 Pricing Analysis
Figure 31 Average Selling Price of Smart Appliances
5.6 Trade Analysis
5.6.1 Trade Analysis for Smart Appliances Market
Figure 32 Household or Laundry-Type Washing Machine: Global Imports Data, 2016-2020 (USD Million)
Table 3 Household or Laundry-Type Washing Machine: Global Imports Data, 2016-2020 (USD Million)
Figure 33 Household or Laundry-Type Washing Machine: Global Exports Data, 2016-2020 (USD Million)
Table 4 Household or Laundry-Type Washing Machine: Global Exports Data, 2016-2020 (USD Million)
Figure 34 Refrigerators, Freezers, and Other Refrigerating or Freezing Appliances: Global Import Data, 2016-2020 (USD Million)
Table 5 Refrigerators, Freezers, and Other Refrigerating or Freezing Appliances: Global Import Data, 2016-2020 (USD Million)
Figure 35 Refrigerators, Freezers, and Other Refrigerating or Freezing Appliances: Global Export Data, 2016-2020 (USD Million)
Table 6 Refrigerators, Freezers, and Other Refrigerating or Freezing Appliances: Global Export Data, 2016-2020 (USD Million)
5.6.2 Tariff Analysis
Table 7 Tariff Rates for Refrigerators, Freezers, and Other Refrigerating or Freezing Equipment Exported by China in 2019
Table 8 Tariff Rates for Refrigerators, Freezers, and Other Refrigerating or Freezing Equipment Exported by Mexico in 2019
Table 9 Tariff Rates for Refrigerators, Freezers, and Other Refrigerating or Freezing Equipment Exported by Us in 2019
Table 10 Tariff Rates for Refrigerators, Freezers, and Other Refrigerating or Freezing Equipment Exported by Germany in 2019
Table 11 Tariff Rates for Refrigerators, Freezers, and Other Refrigerating or Freezing Equipment Exported by Korea Republic in 2019
Table 12 Tariff Rates for Household or Laundry-Type Washing Machines Exported by China in 2019
Table 13 Tariff Rates for Household or Laundry-Type Washing Machines Exported by Germany in 2019
Table 14 Tariff Rates for Household or Laundry-Type Washing Machines Exported by Thailand in 2019
Table 15 Tariff Rates for Household or Laundry-Type Washing Machines Exported by Us in 2019
Table 16 Tariff Rates for Household or Laundry-Type Washing Machines Exported by Korea Republic in 2019
5.7 Ecosystem
Figure 36 Smart Appliances Market: Ecosystem
Table 17 Smart Appliances Market: Ecosystem
Figure 37 Revenue Shift in Smart Appliances Market
5.8 Case Study Analysis
5.8.1 Panasonic Provided Face Recognition System at Denmark Football Stadium for Better Security
5.8.2 Johnson Controls Helped Housing Authority by Upgrading Its Security System
5.8.3 Innovative Surveillance Solution Offered by Johnson Controls Helped Researchers at Noaa
5.8.4 Lesco Lighting Technology Providing Expert Indoor Architectural Lighting in a Modern Workspace
5.9 Patent Analysis
Table 18 Number of Patents Registered in Smart Appliances Market in Last 10 Years
Figure 38 Top 10 Companies with Highest No. of Patent Applications in Last 10 Years
Figure 39 No. of Patents Granted Per Year, 2010-2020
5.10 Technology Analysis
5.10.1 Combining Ai and Big Data for Autonomous Driving Services
5.10.2 Solving Social Issues Using Robots
5.10.3 Samsung's New Innovative Technology Based on Ai
5.10.4 Adaptive Intelligence Technology in Smart Appliances
5.11 Market Regulations, Standards, and Protocols
5.11.1 Standards
5.11.2 Regulations
5.11.2.1 Regulatory Framework for IoT and Connected Appliances in Europe, Us, and Latin America
5.11.3 Protocols
5.11.3.1 Dali
5.11.3.2 Nema
5.11.3.3 Knx
5.11.3.4 Dmx
5.11.3.5 Lonworks
5.11.3.6 Bacnet
5.11.3.7 Black Box
6 Smart Appliances Market, by Offering
6.1 Introduction
Figure 40 Smart Appliances Market Segmentation, by Offering
Figure 41 Services Segment is Expected to Grow at Higher CAGR During Forecast Period
Table 19 Smart Appliances Market, by Offering, 2017-2020 (USD Million)
Table 20 Smart Appliances Market, by Offering, 2021-2026 (USD Million)
6.2 Products
Table 21 Smart Appliances Market for Products, by Type, 2017-2020 (USD Million))
Table 22 Smart Appliances Market for Products, by Type, 2021-2026 (USD Million)
6.2.1 Smart Washers
6.2.1.1 Innovative Features in Smart Washers Reduce Human Intervention
Table 23 Smart Washers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 24 Smart Washers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 25 Smart Washers Market, by End-user, 2017-2020 (USD Million)
Table 26 Smart Washers Market, by End-user, 2021-2026 (USD Million)
Table 27 Smart Washers Market, by Region, 2017-2020 (USD Million)
Table 28 Smart Washers Market, by Region, 2021-2026 (USD Million)
6.2.2 Smart Dryers
6.2.2.1 Smart Dryers Help to Increase Energy Efficiency and Reduce Human Intervention
Table 29 Smart Dryers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 30 Smart Dryers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 31 Smart Dryers Market, by End-user, 2017-2020 (USD Million)
Table 32 Smart Dryers Market, by End-user, 2021-2026 (USD Million)
Table 33 Smart Dryers Market, by Region, 2017-2020 (USD Million)
Table 34 Smart Dryers Market, by Region, 2021-2026 (USD Million)
6.2.3 Smart Air Conditioners (Ac)
6.2.3.1 Introduction of Energy-Efficient Models Have Boosted Demand for Smart Air Conditioners
6.2.3.2 Smart Appliances Market for Smart Air Conditioners: COVID-19 Impact
Figure 42 Impact of COVID-19 on Smart Appliances Market for Smart Air Conditioners
Table 35 Post-COVID-19: Smart Appliances Market for Smart Air Conditioners, 2017-2026 (USD Million)
Table 36 Smart Air Conditioners Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 37 Smart Air Conditioners Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 38 Smart Air Conditioners Market, by End-user, 2017-2020 (USD Million)
Table 39 Smart Air Conditioners Market, by End-user, 2021-2026 (USD Million)
Table 40 Smart Air Conditioners Market, by Region, 2017-2020 (USD Million)
Table 41 Smart Air Conditioners Market, by Region, 2021-2026 (USD Million)
6.2.4 Smart Water Heaters
6.2.4.1 Smart Water Heaters Can Turn Off Automatically When Hot Water Demands are Low
Table 42 Smart Water Heaters Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 43 Smart Water Heaters Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 44 Smart Water Heaters Market, by End-user, 2017-2020 (USD Million)
Table 45 Smart Water Heaters Market, by End-user, 2021-2026 (USD Million)
Table 46 Smart Water Heaters Market, by Region, 2017-2020 (USD Million)
Table 47 Smart Water Heaters Market, by Region, 2021-2026 (USD Million)
Figure 43 APAC is Estimated to Lead Market for Smart Water Heaters During Forecast Period
6.2.5 Smart Lighting Devices
6.2.5.1 Motion Detection Feature Has Raised Demand for Smart Lighting Products
Table 48 Smart Lighting Devices Market, by Value and Volume, 2017-2020, by Value (USD Million) and Volume (Thousand Units)
Table 49 Smart Lighting Devices Market, by Value and Volume, 2021-2026, by Value (USD Million) and Volume (Thousand Units)
Table 50 Smart Lighting Devices Market, by End-user, 2017-2020 (USD Million)
Table 51 Smart Lighting Market, by End-user, 2021-2026 (USD Million)
Table 52 Smart Lighting Devices Market, by Region, 2017-2020 (USD Million)
Table 53 Smart Lighting Devices Market, by Region,2021-2026 (USD Million)
6.2.6 Smart Security Devices
6.2.6.1 Smart Security Devices Send Notifications or Audio Alerts If They Detect Any Motion or Noise in Vicinity
6.2.6.2 Smart Appliances Market for Smart Security Devices: COVID-19 Impact
Figure 44 Impact of COVID-19 on Smart Appliances Market for Smart Security Devices
Table 54 Post-COVID-19: Smart Appliances Market for Smart Security Devices, 2017-2026 (USD Million)
Table 55 Smart Security Devices Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 56 Smart Security Devices Market, by Value and Volume, 2021-2026, by Value (USD Million) and Volume (Thousand Units)
Table 57 Smart Security Devices Market, by End-user, 2017-2020 (USD Million)
Table 58 Smart Security Devices Market, by End-user, 2021-2026 (USD Million)
Table 59 Smart Security Devices Market, by Region, 2017-2020 (USD Million)
Table 60 Smart Security Devices Market, by Region, 2021-2026 (USD Million)
Figure 45 Smart Security Devices Market in APAC is Estimated to Grow at Highest CAGR in During Forecast Period
6.2.7 Smart Vacuum Cleaners
6.2.7.1 Integration with Robotic Technology Has Fueled Demand for Smart Vacuum Cleaners
Table 61 Smart Vacuum Cleaners Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 62 Smart Vacuum Cleaners Market, by Value and Volume, 2021-2026, by Value (USD Million) and Volume (Thousand Units)
Table 63 Smart Vacuum Cleaners Market, by End-user, 2017-2020 (USD Million)
Table 64 Smart Vacuum Cleaners Market, by End-user, 2021-2026 (USD Million)
Table 65 Smart Vacuum Cleaners Market, by Region, 2017-2020 (USD Million)
Table 66 Smart Vacuum Cleaners Market, by Region, 2021-2026 (USD Million)
6.2.8 Smart Refrigerators
6.2.8.1 Smart Refrigerators are Equipped with Internal Cameras That Help to Notify Users About Expiration Dates of Items
6.2.8.2 Smart Appliances Market for Smart Refrigerators: COVID-19 Impact
Figure 46 Impact of COVID-19 on Smart Appliances Market for Smart Refrigerators
Table 67 Post-COVID-19: Smart Appliances Market for Smart Refrigerators, 2017-2026 (USD Million)
Table 68 Smart Refrigerators Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 69 Smart Refrigerators Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 70 Smart Refrigerators Market, by End-user, 2017-2020 (USD Million)
Table 71 Smart Refrigerators Market, by End-user, 2021-2026 (USD Million)
Table 72 Smart Refrigerator Market, by Region, 2017-2020 (USD Million)
Table 73 Smart Refrigerator Market, by Region, 2021-2026 (USD Million)
Figure 47 Asia-Pacific is Expected to Capture Largest Size of Smart Refrigerators Market During Forecast Period
6.2.9 Smart Coffee Makers
6.2.9.1 Smart Coffee Makers are Designed with Reusable Filters to Reduce Waste
Table 74 Smart Coffee Makers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 75 Smart Coffee Makers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 76 Smart Coffee Makers Market, by End-user, 2017-2020 (USD Million)
Table 77 Smart Coffee Makers Market, by End-user, 2021-2026 (USD Million)
Table 78 Smart Coffee Maker Market, by Region, 2017-2020 (USD Million)
Table 79 Smart Coffee Maker Market, by Region, 2021-2026 (USD Million)
6.2.10 Smart Kettles
6.2.10.1 Smart Kettles Can be Operated Using Voice Commands
Table 80 Smart Kettles Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 81 Smart Kettles Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 82 Smart Kettles Market, by End-user, 2017-2020 (USD Million)
Table 83 Smart Kettles Market, by End-user, 2021-2026 (USD Million)
Table 84 Smart Kettles Market, by Region, 2017-2020 (USD Million)
Table 85 Smart Kettles Market, by Region, 2021-2026 (USD Million)
Figure 48 Market for Smart Kettles is Estimated to Grow at Highest CAGR in APAC During Forecast Period
6.2.11 Smart Dish Washers
6.2.11.1 Smart Dishwashers Help to Reduce Water, Energy, and Detergent Usage
Table 86 Smart Dishwashers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 87 Smart Dishwashers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 88 Smart Dishwashers Market, by End-user, 2017-2020 (USD Million)
Table 89 Smart Dishwashers Market, by End-user, 2021-2026 (USD Million)
Table 90 Smart Dishwashers Market, by Region, 2017-2020 (USD Million)
Table 91 Smart Dishwashers Market, by Region, 2021-2026 (USD Million)
6.2.12 Smart Deep Freezers
6.2.12.1 Increased Demand from Hospitals, Pharmaceutical Providers, and Forensic Labs to Favor Market Growth
Table 92 Smart Deep Freezers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 93 Smart Deep Freezers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 94 Smart Deep Freezers Market, by End-user, 2017-2020 (USD Million)
Table 95 Smart Deep Freezers Market, by End-user, 2021-2026 (USD Million)
Table 96 Smart Deep Freezers Market, by Region, 2017-2020 (USD Million)
Table 97 Smart Deep Freezers Market, by Region, 2021-2026 (USD Million)
Figure 49 North America to Continue to Hold Largest Size of Market for Smart Deep Freezers During Forecast Period
6.2.13 Smart Ovens
6.2.13.1 Smart Ovens Assist with Making Grocery List for Favorite Recipes
Table 98 Smart Ovens Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 99 Smart Ovens Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 100 Smart Ovens Market, by End-user, 2017-2020 (USD Million)
Table 101 Smart Ovens Market, by End-user, 2021-2026 (USD Million)
Table 102 Smart Ovens Market, by Region, 2017-2020 (USD Million)
Table 103 Smart Ovens Market, by Region, 2021-2026 (USD Million)
6.2.14 Smart Cooktops
6.2.14.1 Smart Cooktops are Available in Different Variants
6.2.14.2 Smart Appliances Market for Smart Cooktops: COVID-19 Impact
Figure 50 Impact of COVID-19 on Smart Appliances Market for Smart Cooktops
Table 104 Post-COVID-19: Smart Appliances Market for Smart Cooktops, 2017-2026 (USD Million)
Table 105 Smart Cooktops Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 106 Smart Cooktops Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 107 Smart Cooktops Market, by End-user, 2017-2020 (USD Million)
Table 108 Smart Cooktops Market, by End-user, 2021-2026 (USD Million)
Table 109 Smart Cooktops Market, by Region, 2017-2020 (USD Million)
Table 110 Smart Cooktops Market, by Region, 2021-2026 (USD Million)
Figure 51 Market for Smart Cooktops in APAC to Register Highest CAGR During Forecast Period
6.2.15 Smart Cookers
6.2.15.1 Smart Cookers are Devoid of Safety Problems Associated with Traditional Cookers
Table 111 Smart Cookers Market, by Value and Volume, 2017-2020, Value (USD Million) and Volume (Thousand Units)
Table 112 Smart Cookers Market, by Value and Volume, 2021-2026, Value (USD Million) and Volume (Thousand Units)
Table 113 Smart Cookers Market, by End-user, 2017-2020 (USD Million)
Table 114 Smart Cookers Market, by End-user, 2021-2026 (USD Million)
Table 115 Smart Cookers Market, by Region, 2017-2020 (USD Million)
Table 116 Smart Cookers Market, by Region, 2021-2026 (USD Million)
6.3 Services
6.3.1 Consulting Services
6.3.1.1 Increasing in Demand for Smart Appliances to Boost Demand for Consulting Services
6.3.2 Repair and Maintenance
6.3.2.1 After-Sales Service Help to Improve Life Span of Smart Appliances
6.3.3 System Integration
6.3.3.1 Increasing Trend of Home Automation is Boosting Demand for System Integration Services
6.3.4 Others
Table 117 Smart Appliances Market for Services, by End-user, 2017-2020 (USD Million)
Table 118 Smart Appliances Market for Services, by End-user, 2021-2026 (USD Million)
Table 119 Smart Appliances Market for Services, by Region, 2017-2020 (USD Million)
Table 120 Smart Appliances Market for Services, by Region, 2021-2026 (USD Million)
7 Smart Appliances Market, by Technology
7.1 Introduction
Figure 52 Smart Appliances Market Segmentation, by Technology
Figure 53 Wi-Fi Technology is Expected to Continue to Account for Largest Size of Smart Appliances Market During Forecast Period
Table 121 Smart Appliances Market, by Technology, 2017-2020 (USD Million)
Table 122 Smart Appliances Market, by Technology, 2021-2026 (USD Million)
7.2 Wi-Fi
7.2.1 Built-In Wi-Fi Technology Increases Demand for Smart Appliances
7.3 Bluetooth
7.3.1 Bluetooth Technology is Significantly Used in Low-Range Connectivity Appliances
7.4 Near Field Communication (Nfc)
7.4.1 Security and Authentication Feature Drive Demand for Nfc Technology
7.5 Others
7.5.1 Zigbee
7.5.2 Rfid
7.5.3 Enocean
7.5.4 Z-Wave
7.5.5 Cellular Network
8 Smart Appliances Market, by Sales Channel
8.1 Introduction
Figure 54 Smart Appliances Market Segmentation, by Sales Channel
Figure 55 Indirect Sales Channel is Expected to Capture Larger Market Share During Forecast Period
Table 123 Smart Appliances Market, by Sales Channel, 2017-2020 (USD Million)
Table 124 Smart Appliances Market, by Sales Channel, 2021-2026 (USD Million)
8.2 Direct Sales Channel
8.2.1 Players with Limited Sales Channels and Distribution Networks Opt for Direct Sales of Smart Appliances
8.3 Indirect Sales Channel
8.3.1 Indirect Sales of Smart Appliances Has Increased Post COVID-19 Outbreak
9 Smart Appliances Market, by End-user
9.1 Introduction
Figure 56 Smart Appliances Market Segmentation, by End-user
Figure 57 Residential Segment Expected to Lead Smart Appliances Market During Forecast Period
Table 125 Smart Appliances Market, by End-user, 2017-2020 (USD Million)
Table 126 Smart Appliances Market, by End-user, 2021-2026 (USD Million)
9.2 Residential
9.2.1 Home Automation Trend to Fuel Demand for Smart Appliances in Residential Sector
Table 127 Smart Appliances Market for Residential, by Offering, 2017-2020 (USD Million)
Table 128 Smart Appliances Market for Residential, by Offering, 2021-2026 (USD Million)
Table 129 Smart Appliances Market for Residential, by Region, 2017-2020 (USD Million)
Table 130 Smart Appliances Market for Residential, by Region, 2021-2026 (USD Million)
9.2.2 Smart Appliances Market for Residential: COVID-19 Impact
Figure 58 Impact of COVID-19 on Smart Appliances Market for Residential
Table 131 Post-COVID-19: Smart Appliances Market for Residential, 2017-2026 (USD Million)
9.3 Commercial
9.3.1 Need for Centralized Connectivity Boosts Demand for Smart Appliances Among Commercial End-users
Table 132 Smart Appliances Market for Commercial, by Offering, 2017-2020 (USD Million)
Table 133 Smart Appliances Market for Commercial, by Offering, 2021-2026 (USD Million)
Table 134 Smart Appliances Market for Commercial, by Region, 2017-2020 (USD Million)
Table 135 Smart Appliances Market for Commercial, by Region, 2021-2026 (USD Million)
9.3.2 Smart Appliances Market for Commercial: COVID-19 Impact
Figure 59 Impact of COVID-19 on Smart Appliances Market for Commercial
Table 136 Post-COVID-19: Smart Appliances Market for Commercial, 2017-2026 (USD Million)
10 Smart Appliances Market, Geographic Analysis
10.1 Introduction
Figure 60 Geographic Snapshot - Developing Countries are Emerging as New Hotspots
Table 137 Smart Appliances Market, by Region, 2017-2020 (USD Million)
Table 138 Smart Appliances Market, by Region, 2021-2026 (USD Million)
10.2 North America
Figure 61 Snapshot: Smart Appliances Market in North America
10.2.1 Smart Appliances Market in North America: COVID-19 Impact
Figure 62 Impact of COVID-19 on Smart Appliances Market in North America
Table 139 Post-COVID-19: Smart Appliances Market in North America, 2017-2026 (USD Million)
Table 140 Smart Appliances Market in North America, by Offering, 2017-2020 (USD Million)
Table 141 Smart Appliances Market in North America, by Offering, 2021-2026 (USD Million)
Table 142 Smart Appliances Market in North America, by End-user, 2017-2020 (USD Million)
Table 143 Smart Appliances Market in North America, by End-user, 2021-2026 (USD Million)
Table 144 Smart Appliances Market in North America, by Country, 2017-2020 (USD Million)
Table 145 Smart Appliances Market in North America, by Country, 2021-2026 (USD Million)
10.2.2 US
10.2.2.1 Us to be Largest Market for Smart Appliances During Forecast Period
10.2.3 Canada
10.2.3.1 Investment in R&D Activities Will Boost Market Growth in Canada
10.2.4 Mexico
10.2.4.1 Trade Agreement with Us Will Catalyze Market Growth in Mexico
10.3 Europe
Figure 63 Snapshot: Smart Appliances Market in Europe
Table 146 Smart Appliances Market in Europe, by Offering, 2017-2020 (USD Million)
Table 147 Smart Appliances Market in Europe, by Offering, 2021-2026 (USD Million)
Table 148 Smart Appliances Market in Europe, by End-user, 2017-2020 (USD Million)
Table 149 Smart Appliances Market in Europe, by End-user, 2021-2026 (USD Million)
Table 150 Smart Appliances Market in Europe, by Country, 2017-2020 (USD Million)
Table 151 Smart Appliances Market in Europe, by Country, 2021-2026 (USD Million)
10.3.1 UK
10.3.1.1 Government Initiatives to Encourage Adoption of Energy-Efficient Products Will Drive Demand for Smart Appliances in UK
10.3.2 Germany
10.3.2.1 Presence of Smart Appliance Manufacturing Units of Large Companies Will Support Market Growth in Germany
10.3.3 France
10.3.3.1 Adoption of Smart Home Appliances Augments Market Growth in France
10.3.4 Italy
10.3.4.1 High Focus on Manufacturing Industry Strengthens Smart Appliances Market in Italy
10.3.5 Rest of Europe
10.4 Asia-Pacific
Figure 64 Snapshot: Smart Appliances Market in APAC
10.4.1 Smart Appliances Market in APAC: COVID-19 Impact
Figure 65 Impact of COVID-19 on Smart Appliances Market in APAC
Table 152 Post-COVID-19: Smart Appliances Market in Apac, 2017-2026 (USD Million)
Table 153 Smart Appliances Market in Apac, by Offering, 2017-2020 (USD Million)
Table 154 Smart Appliances Market in Apac, by Offering, 2021-2026 (USD Million)
Table 155 Smart Appliances Market in Apac, by End-user, 2017-2020 (USD Million)
Table 156 Smart Appliances Market in Apac, by End-user, 2021-2026 (USD Million)
Table 157 Smart Appliances Market in Apac, by Country, 2017-2020 (USD Million)
Table 158 Smart Appliances Market in Apac, by Country, 2021-2026 (USD Million)
10.4.2 China
10.4.2.1 China to Account for Largest Size of APAC Smart Appliances Market During Forecast Period
10.4.3 Japan
10.4.3.1 Trade Agreements Will Boost Smart Appliances Market Growth in Japan
10.4.4 South Korea
10.4.4.1 Presence of Leading Smart Appliance-Manufacturing Companies Will Underpin Market Growth in South Korea
10.4.5 India
10.4.5.1 Rising Electronics Manufacturing to Augment Smart Appliances Market Growth in India
10.4.6 Rest of APAC
10.5 Rest of World (Row)
Table 159 Smart Appliances Market in Row, by Offering, 2017-2020 (USD Million)
Table 160 Smart Appliances Market in Row, by Offering, 2021-2026 (USD Million)
Table 161 Smart Appliances Market in Row, by End-user, 2017-2020 (USD Million)
Table 162 Smart Appliances Market in Row, by End-user, 2021-2026 (USD Million)
Table 163 Smart Appliances Market in Row, by Region, 2017-2020 (USD Million)
Table 164 Smart Appliances Market in Row, by Region, 2021-2026 (USD Million)
10.5.1 South America
10.5.1.1 High Demand from Brazil Drives Market Growth in South America
10.5.2 Middle East & Africa
10.5.2.1 High Demand from Residential Segment Drives Smart Appliances Market in Middle East & Africa
11 Competitive Landscape
11.1 Overview
11.2 Revenue Analysis of Top 5 Companies
Figure 66 Revenue Analysis (USD Billion), 2016-2020
11.3 Market Share Analysis, 2020
Table 165 Smart Appliances Market: Degree of Competition
Figure 67 Market Share Analysis: Global Smart Appliances Market, 2020
11.4 Company Evaluation Quadrant
11.4.1 Star
11.4.2 Emerging Leader
11.4.3 Pervasive
11.4.4 Participant
Figure 68 Smart Appliances Market Competitive Leadership Mapping, 2020
11.4.5 Company Footprint
Table 166 Company Footprint: Smart Appliances Market
Table 167 Company End-user Footprint: Smart Appliances Market
Table 168 Company Offering Footprint: Smart Appliances Market
Table 169 Company Region Footprint: Smart Appliances Market
11.5 Smart Appliances Market Startup/SME Evaluation Matrix, 2020
11.5.1 Progressive Company
11.5.2 Responsive Company
11.5.3 Dynamic Company
11.5.4 Starting Block
Figure 69 Smart Appliances Market, Startup/SME Evaluation Matrix, 2020
11.6 Competitive Situations and Trends
11.6.1 Product Launches and Developments
Table 170 Product Launches and Developments, 2020-2021
11.6.2 Deals
Table 171 Deals, 2019-2021
12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Samsung Electronics
Table 172 Samsung Electronics: Business Overview
Figure 70 Samsung Electronics: Company Snapshot
12.2.2 Lg Electronics
Table 173 Lg Electronics: Business Overview
Figure 71 Lg Electronics: Company Snapshot
12.2.3 Panasonic
Table 174 Panasonic: Business Overview
Figure 72 Panasonic: Company Snapshot
12.2.4 Whirlpool
Table 175 Whirlpool: Business Overview
Figure 73 Whirlpool: Company Snapshot
12.2.5 Haier Smart Home
Table 176 Haier Smart Home: Business Overview
Figure 74 Haier Smart Home: Company Snapshot
12.2.6 Xiaomi
Table 177 Xiaomi: Business Overview
Figure 75 Xiaomi: Company Snapshot
12.2.7 Electrolux
Table 178 Electrolux: Business Overview
Figure 76 Electrolux: Company Snapshot
12.2.8 Koninklijke Philips
Table 179 Koninklijke Philips: Business Overview
Figure 77 Koninklijke Philips: Company Snapshot
12.2.9 Bsh Hausgeräte
Table 180 Bsh Hausgeräte : Business Overview
Figure 78 Bsh Hausgeräte : Company Snapshot
12.2.10 Miele & Cie. Kg
Table 181 Miele & Cie. Kg: Business Overview
12.3 Other Players
12.3.1 Siemens
12.3.2 Acuity Brands
12.3.3 Onida Electronics
12.3.4 Vivint
12.3.5 Schneider Electric
12.3.6 Johnson Controls
12.3.7 Abb
12.3.8 Legrand
12.3.9 Lutron Electronics
12.3.10 Control4
12.3.11 Crestron
12.3.12 Leoni
12.3.13 Simply Smart Home
12.3.14 Smartec Systems
12.3.15 Open Appliances
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: The Subscription Portal
13.4 Available Customizations
Companies Mentioned
- ABB
- Acuity Brands
- BSH Hausgeräte
- Control4
- Crestron
- Electrolux
- Haier Smart Home
- Johnson Controls
- Koninklijke Philips
- Legrand
- Leoni
- LG Electronics
- Lutron Electronics
- Miele & Cie. Kg
- Onida Electronics
- Open Appliances
- Panasonic
- Samsung Electronics
- Schneider Electric
- Siemens
- Simply Smart Home
- Smartec Systems
- Vivint
- Whirlpool
- Xiaomi
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 228 |
| Published | July 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 33.8 Billion |
| Forecasted Market Value ( USD | $ 76.4 Billion |
| Compound Annual Growth Rate | 17.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
