At a compound annual growth rate (CAGR) of 8.8%, the connected home appliance market is expected to reach US$ 78,371.7 million in 2032 from US$ 33,842.2 million in 2022. There seems to be an increasing demand for home automation.
To put it briefly, any electronic household item that has access to the internet may be considered a connected home appliance. Users of smart home gadgets may keep an eye on and manage household operations from a distance. The proliferation of connected home appliances is contingent upon many variables, including the accessibility of internet infrastructure and the degree to which the targeted region has adopted smartphones.
Get a Sample Copy of Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1800
If internet infrastructure of any country is robust and efficient, there would be more demand for connected home appliances. Being the more energy efficient solution compared to their traditional counterparts, connected home appliances are being adopted with substantial high adoption rate across the globe.
Connected Home Appliances Market: Drivers and Restraints
Personal and family security is the primary factor driving the adoption of connected home appliances by consumers across the globe. Over the last decade, adoption of connected home appliances grown quickly with the evolution of consumers who are more technology enthusiast. Also, with increasing adoption of smart phones, consumers are becoming more familiar with touch controls and world of apps which, in turn driving their attraction towards adoption of smart appliances.
As connected home appliances generate more profit for the appliance makers as compared to traditional ones, manufacturers are diverting their focus from simple appliance manufacturing business to this business (connected appliance manufacturing), in order to increase their profitability margin. On the other hand, in various under developed or some of developing regions, lack of internet infrastructure and affordability issue are the factors hindering the growth of global connected home appliances market.
Ask for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-1800
Market Competition
The key players in the global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, and General Electric among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
- In April 2021 – Whirlpool of India, presents the IntelliFresh Pro Bottom Mount Refrigerator, powered by Advanced Adaptive Intelligence Technology that automatically senses changes in weather, load and usage patterns and adapts the cooling accordingly.
- In June 2022 – GE Profile announced the availability of its Top Load 900 series, the first-ever washer with Alexa built-in and the latest addition to the series announced earlier this year as part of the new GE Profile laundry portfolio.
Connected Home Appliances Market: Market Players
The key players of global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, General Electric and others.
Request Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1800
Key Segments Profiled In The Connected Home Appliances Industry Survey
Connected Home Appliances Market by Appliance Type:
- Connected Laundry Appliances
- Smart Washers
- Smart Dryers
- Others
- Connected Security Appliances
- Connected Water Treatment Appliances
- Smart Filters
- Smart Water Heaters
- Smart Water Softeners
- Water Filtration Systems
- Connected Kitchen Appliances
- Smart Refrigeration
- Smart Cooking Appliances
- Cleaning Appliances
- Other Connected Home Appliance Types
- Smart LED Lighting
- Smart Air Purifiers & Filters
- Smart Compactors
Connected Home Appliances Market by Technology:
- Wi-Fi-powered Connected Home Appliances
- NFC-powered Connected Home Appliances
- Bluetooth-powered Connected Home Appliances
Connected Home Appliances Market by Region:
- North America Connected Home Appliances Market
- Latin America Connected Home Appliances Market
- Europe Connected Home Appliances Market
- Asia Pacific Connected Home Appliances Market
- Middle East and Africa Connected Home Appliances Market
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
