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A smart appliance is a gadget that is connected to a central system and able to be controlled or programmed remotely. These appliances are developed versions of conventional appliances that are functioned with other connected devices. The growing penetration of the internet and smartphones, intensifying consumer emphasis on convenience, energy conservation, and cost reduction, coupled with the increasing availability of wireless connectivity solutions are the primary factors that are fostering the global market demand. For instance, according to Statista, in 2021, the total number of smartphone subscriptions worldwide was stood at 6,259 million. Also, the amount is witnessing to grow and reach approximately 7,690 million by 2027. Accordingly, surging demand for smartphones around the world is fueling the smart appliances market growth in the near future. However, the high cost associated with the installation of smart appliances and compatibility problems between devices of different companies impedes the growth of the market over the forecast period of 2022-2028. Also, increasing demand for smart appliances and integration of new technologies, such as AI, with smart appliances is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Smart Appliances Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising investments in R&D activities, along with government incentives for the adoption of energy-efficient gadgets. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as growing acceptance of the novel technologies, as well as increasing disposable income, would create lucrative growth prospects for the Smart Appliances market across the Asia-Pacific region.
Major market players included in this report are:
Xiaomi Inc.
LG Electronics Inc.
Panasonic Corporation
Samsung Electronics Co., Ltd.
Whirlpool Corporation
Electrolux AB
Koninklijke Philips N.V.
BSH Hausgerate GmbH
Haier Smart Home Co. Ltd.
Miele & Cie. KG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Products
Services
By Technology:
Wi-Fi
Bluetooth
Near Field Communication (NFC)
Others
By Sales Channel:
Indirect Sales Channel
Direct Sales Channel
By End-User Industry:
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Smart Appliances Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Smart Appliances Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Smart Appliances Market, by Offering, 2020-2028 (USD Billion)
1.2.3. Global Smart Appliances Market, by Technology, 2020-2028 (USD Billion)
1.2.4. Global Smart Appliances Market, by Sales Channel, 2020-2028 (USD Billion)
1.2.5. Global Smart Appliances Market, by End-User Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Appliances Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Appliances Market Dynamics
3.1. Smart Appliances Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing penetration of internet and smartphones across world
3.1.1.2. Growing availability of wireless connectivity solutions
3.1.2. Market Challenges
3.1.2.1. High cost associated with installation of smart appliances
3.1.2.2. Compatibility problem between devices of different companies
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for smart appliances due to COVID-19
3.1.3.2. Integration of new technologies, such as AI, with smart appliances
Chapter 4. Global Smart Appliances Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Smart Appliances Market, by Offering
6.1. Market Snapshot
6.2. Global Smart Appliances Market by Offering, Performance - Potential Analysis
6.3. Global Smart Appliances Market Estimates & Forecasts by Offering 2018-2028 (USD Billion)
6.4. Smart Appliances Market, Sub Segment Analysis
6.4.1. Products
6.4.2. Services
Chapter 7. Global Smart Appliances Market, by Technology
7.1. Market Snapshot
7.2. Global Smart Appliances Market by Technology, Performance - Potential Analysis
7.3. Global Smart Appliances Market Estimates & Forecasts by Technology 2018-2028 (USD Billion)
7.4. Smart Appliances Market, Sub Segment Analysis
7.4.1. Wi-Fi
7.4.2. Bluetooth
7.4.3. Near Field Communication (NFC)
7.4.4. Others
Chapter 8. Global Smart Appliances Market, by Sales Channel
8.1. Market Snapshot
8.2. Global Smart Appliances Market by Sales Channel, Performance - Potential Analysis
8.3. Global Smart Appliances Market Estimates & Forecasts by Sales Channel 2018-2028 (USD Billion)
8.4. Smart Appliances Market, Sub Segment Analysis
8.4.1. Indirect Sales Channel
8.4.2. Direct Sales Channel
Chapter 9. Global Smart Appliances Market, by End-User Industry
9.1. Market Snapshot
9.2. Global Smart Appliances Market by End-User Industry, Performance - Potential Analysis
9.3. Global Smart Appliances Market Estimates & Forecasts by End-User Industry 2018-2028 (USD Billion)
9.4. Smart Appliances Market, Sub Segment Analysis
9.4.1. Residential
9.4.2. Commercial
Chapter 10. Global Smart Appliances Market, Regional Analysis
10.1. Smart Appliances Market, Regional Market Snapshot
10.2. North America Smart Appliances Market
10.2.1. U.S. Smart Appliances Market
10.2.1.1. Offering estimates & forecasts, 2018-2028
10.2.1.2. Technology estimates & forecasts, 2018-2028
10.2.1.3. Sales Channel estimates & forecasts, 2018-2028
10.2.1.4. End-User Industry estimates & forecasts, 2018-2028
10.2.2. Canada Smart Appliances Market
10.3. Europe Smart Appliances Market Snapshot
10.3.1. U.K. Smart Appliances Market
10.3.2. Germany Smart Appliances Market
10.3.3. France Smart Appliances Market
10.3.4. Spain Smart Appliances Market
10.3.5. Italy Smart Appliances Market
10.3.6. Rest of Europe Smart Appliances Market
10.4. Asia-Pacific Smart Appliances Market Snapshot
10.4.1. China Smart Appliances Market
10.4.2. India Smart Appliances Market
10.4.3. Japan Smart Appliances Market
10.4.4. Australia Smart Appliances Market
10.4.5. South Korea Smart Appliances Market
10.4.6. Rest of Asia Pacific Smart Appliances Market
10.5. Latin America Smart Appliances Market Snapshot
10.5.1. Brazil Smart Appliances Market
10.5.2. Mexico Smart Appliances Market
10.6. Rest of The World Smart Appliances Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Xiaomi Inc.
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. LG Electronics Inc.
11.2.3. Panasonic Corporation
11.2.4. Samsung Electronics Co., Ltd.
11.2.5. Whirlpool Corporation
11.2.6. Electrolux AB
11.2.7. Koninklijke Philips N.V.
11.2.8. BSH Hausgerate GmbH
11.2.9. Haier Smart Home Co. Ltd.
11.2.10. Miele & Cie. KG
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
TABLE 1. Global Smart Appliances market, report scope
TABLE 2. Global Smart Appliances market estimates & forecasts by Region 2018-2028 (USD Billion)
TABLE 3. Global Smart Appliances market estimates & forecasts by Offering 2018-2028 (USD Billion)
TABLE 4. Global Smart Appliances market estimates & forecasts by Technology 2018-2028 (USD Billion)
TABLE 5. Global Smart Appliances market estimates & forecasts by Sales Channel 2018-2028 (USD Billion)
TABLE 6. Global Smart Appliances market estimates & forecasts by End-User Industry 2018-2028 (USD Billion)
TABLE 7. Global Smart Appliances market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 8. Global Smart Appliances market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 9. Global Smart Appliances market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 10. Global Smart Appliances market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 11. Global Smart Appliances market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 12. Global Smart Appliances market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 13. Global Smart Appliances market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 14. Global Smart Appliances market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 15. Global Smart Appliances market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 16. Global Smart Appliances market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 17. U.S. Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 18. U.S. Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 19. U.S. Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 20. Canada Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 21. Canada Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 22. Canada Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 23. UK Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 24. UK Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 25. UK Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 26. Germany Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 27. Germany Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 28. Germany Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 29. RoE Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 30. RoE Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 31. RoE Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 32. China Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 33. China Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 34. China Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 35. India Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 36. India Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 37. India Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 38. Japan Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 39. Japan Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 40. Japan Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 41. RoAPAC Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 42. RoAPAC Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 43. RoAPAC Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 44. Brazil Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 45. Brazil Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 46. Brazil Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 47. Mexico Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 48. Mexico Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 49. Mexico Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 50. RoLA Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 51. RoLA Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 52. RoLA Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 53. Row Smart Appliances market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 54. Row Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 55. Row Smart Appliances market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Smart Appliances market
TABLE 57. List of primary sources, used in the study of global Smart Appliances market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered
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