Connected Home Appliances Market: Introduction
As per the basic concept of connected devices, any home appliance that has the feature of Internet connectivity can be termed as a connected home appliance. The special features offered by connected home appliances these days include accessibility from any remote location using mobile devices such as smartphones, tablets, and laptops.
Connected home appliances can not only be controlled from a remote location, but also can be monitored from a remote location owing to features such as appliance health and service life, among others. As connected home appliances are energy-efficient solutions compared to their traditional counterparts, the adoption of connected home appliances is significantly high across the globe.
Connected Home Appliances Market: Drivers and Challenges
One of the key drivers of the connected home appliances market is an increase in awareness and the need for security in homes, which has led to the adoption of connected home appliances by consumers across the globe.
Moreover, increase in the number of technology enthusiasts across the world has led to the growth of the connected home appliances market. Another driver of the connected home appliances market is the increasing adoption of smartphones, which has, in turn, boosted the adoption of connected home appliances.
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Connected Home Appliances Market: Segmentation
The connected home appliances market can be segmented on the basis of type, technology, vertical, and region.
On the basis of type, the connected home appliances market can be segmented into:
- Laundry Appliances
- Smart Washers
- Smart Dryers
- Water Treatment Appliances
- Smart Refrigeration
- Smart Cooking Appliances (Ranges, Wall Ovens, Range Hoods And Vents)
- Cleaning Appliances (Dishwashers, Disposers, and Trash Compactors Etc.)
- Kitchen Appliances
- Replacement Smart Filters
- Smart Water Heaters
- Smart Water Softeners
- Water Filtration Systems
- Smart LED Lighting
- Smart Air Purifiers & Filters
- Smart Compactors
Among the type segments, the kitchen appliance type is estimated to dominate the global connected appliances market and the other types segment is expected to gain a substantial market share of the global connected home appliances market.
On the basis of technology, the connected home appliances market can be segmented into:
Among all these technology segments, Wi-Fi technology is expected to be the most attractive segment throughout the forecast period in the connected home appliances market.
Connected Home Appliances Market: Regional Overview
On the basis of geography, the global connected home appliances market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. Among all these regions, the
Asia Pacific excluding Japan connected home appliances market is expected to hold a major market share of the global connected home appliances market during the forecast period due to the presence of a large number of connected home appliances market players in the region as well as the increased focus on the innovation of existing connected home appliances in the region.
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Connected Home Appliances Market: Market Participants
Examples of some of the market participants in the global connected home appliances market identified across the value chain include :
- AT&T Inc.;
- Honeywell International, Inc.;
- ARRIS Group Inc.;
- Comcast Corporation;,
- Robert Bosch GmbH;
- Samsung Group;
- Whirlpool Corporation ,
- General Electric.
The report covers exhaustive analysis on,
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2013–2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Market Value Chain
- Market Drivers and Restraints
Regional analysis for the Connected Home Appliances market includes,
- North America
- Latin America
- Rest of LatAm
- EU – 4 (Germany, France, Italy, Spain)
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
- Rest of Europe
- CIS & Russia
- Greater China
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.