Smart Home Appliances Market size to grow by USD 39.91 billion from 2022 to 2027, North America to account for 32% of the global market growth - Technavio

NEW YORK, May 9, 2023 /PRNewswire/ -- The smart home appliances market size is expected to grow by USD 39.91 billion from 2022 to 2027, progressing at a CAGR of 14.45% as per the latest Technavio market research report. North America is estimated to account for 32% of the market's overall growth during the forecast period. There will be a rise in the popularity and uptake of smart home technology over the next five years in North America, with the US showing the highest demand due to technological advancements and rising consumer awareness of the advantages of using smart appliances. Owing to the US's strict government regulations and standards regarding energy usage, there will also be a high demand for washing machines that are more energy-efficient and smartly connected. Hence, such factors will influence the regional growth during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

Smart Home Appliances Market: Product innovation in terms of technology, performance, features, and design to drive growth

• The growing adoption of wireless connecting devices and IoT is a major factor driving the market growth. 
• Global adoption of wireless connectivity devices is rising and it is a major component fueling the market's expansion. Connectivity has become crucial in modern life, particularly since it enables consumers to perform necessary tasks remotely with mobile devices like smartphones and tablets that can reach or use wireless technologies like Wi-Fi, Bluetooth, and ZigBee.
• Manufacturers differentiate their products from others by including these technologies in home appliances (like air conditioners). This appeals to the tech-savvy customer market.
• Moreover, to create radio communication with smartphones and to bring them close together, NFC is used in many smart washing machines.
• Hence, such drivers fuel the growth of the market during the forecast period.

Smart Home Appliances Market: Introduction Of Additional Features In Smart Home Appliances 

• The introduction of additional features in smart home appliances is an emerging trend in the smart home appliances market. 
• Consumers cannot be forced to choose smart home appliances by connectivity alone when they want more features to help with connectivity.
• The majority of consumers who live in small homes struggle to have enough space, so manufacturers work to develop appliances with connectivity features in addition to sleek designs and other alluring features.
• For instance, LG Electronics and Mitsubishi Electric are focusing on introducing smart air conditioner accessories.
• Hence, such trends fuel the market growth during the forecast period.

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Some of the key Smart Home Appliances Market Players:

The smart home appliances market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

AB Electrolux, Apple Inc., BSH Hausgerate GmbH, General Electric Co., Godrej Appliances, Haier Smart Home Co. Ltd., Koninklijke Philips NV, MIDEA Group, Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Whirlpool Corp., Xiaomi Communications Co. Ltd., Robert Bosch GmbH, Sharp Corp., and LG Electronics Inc. are some of the key players in the market.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! 

Smart Home Appliances Market: Segmentation Analysis

This report extensively covers market segmentation by product (smart washing machines and dryers, smart air conditioners, smart refrigerators, smart microwave ovens, and smart dishwashers), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the smart washing machines and dryers segment will be significant for overall market growth during the forecast period. Wi-Fi, Bluetooth, and NFC are all used to connect smart washing machines to smart grids and the ability to control a smart washing machine remotely is one of its main benefits. Such washing machines don't have particularly high price-performance ratios either but as smart washing machines are energy-efficient and support the use of smart grid technology, numerous governments have recently encouraged their use. Smart washing machines make it easier to schedule wash cycles automatically using time-based electricity programs. Hence, such washing machines help the user modify process times and wash/dry cycle lengths. 

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global smart home appliances market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global smart home appliances market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Smart washing machines and dryers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Smart washing machines and dryers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Smart washing machines and dryers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Smart washing machines and dryers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smart washing machines and dryers - Year-over-year growth 2022-2027 (%)

• 6.4 Smart air conditioners - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Smart air conditioners - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Smart air conditioners - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Smart air conditioners - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Smart air conditioners - Year-over-year growth 2022-2027 (%)

• 6.5 Smart refrigerators - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Smart refrigerators - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Smart refrigerators - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Smart refrigerators - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Smart refrigerators - Year-over-year growth 2022-2027 (%)

• 6.6 Smart microwave ovens - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Smart microwave ovens - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Smart microwave ovens - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Smart microwave ovens - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Smart microwave ovens - Year-over-year growth 2022-2027 (%)

• 6.7 Smart dishwashers - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Smart dishwashers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Smart dishwashers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Smart dishwashers - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Smart dishwashers - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ billion)
• Exhibit 55: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 56: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 58: Chart on Comparison by Distribution Channel
• Exhibit 59: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 60: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 64: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 68: Market opportunity by Distribution Channel ($ billion)
• Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 AB Electrolux 
• Exhibit 123: AB Electrolux - Overview
• Exhibit 124: AB Electrolux - Business segments
• Exhibit 125: AB Electrolux - Key news
• Exhibit 126: AB Electrolux - Key offerings
• Exhibit 127: AB Electrolux - Segment focus

• 12.4 Apple Inc. 
• Exhibit 128: Apple Inc. - Overview
• Exhibit 129: Apple Inc. - Business segments
• Exhibit 130: Apple Inc. - Key news
• Exhibit 131: Apple Inc. - Key offerings
• Exhibit 132: Apple Inc. - Segment focus

• 12.5 General Electric Co. 
• Exhibit 133: General Electric Co. - Overview
• Exhibit 134: General Electric Co. - Business segments
• Exhibit 135: General Electric Co. - Key news
• Exhibit 136: General Electric Co. - Key offerings
• Exhibit 137: General Electric Co. - Segment focus

• 12.6 Haier Smart Home Co. Ltd. 
• Exhibit 138: Haier Smart Home Co. Ltd. - Overview
• Exhibit 139: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 140: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 141: Haier Smart Home Co. Ltd. - Segment focus

• 12.7 Koninklijke Philips NV 
• Exhibit 142: Koninklijke Philips NV - Overview
• Exhibit 143: Koninklijke Philips NV - Business segments
• Exhibit 144: Koninklijke Philips NV - Key news
• Exhibit 145: Koninklijke Philips NV - Key offerings
• Exhibit 146: Koninklijke Philips NV - Segment focus

• 12.8 LG Electronics Inc. 
• Exhibit 147: LG Electronics Inc. - Overview
• Exhibit 148: LG Electronics Inc. - Product / Service
• Exhibit 149: LG Electronics Inc. - Key offerings

• 12.9 MIDEA Group 
• Exhibit 150: MIDEA Group - Overview
• Exhibit 151: MIDEA Group - Business segments
• Exhibit 152: MIDEA Group - Key offerings
• Exhibit 153: MIDEA Group - Segment focus

• 12.10 Mitsubishi Electric Corp. 
• Exhibit 154: Mitsubishi Electric Corp. - Overview
• Exhibit 155: Mitsubishi Electric Corp. - Business segments
• Exhibit 156: Mitsubishi Electric Corp. - Key news
• Exhibit 157: Mitsubishi Electric Corp. - Key offerings
• Exhibit 158: Mitsubishi Electric Corp. - Segment focus

• 12.11 Panasonic Holdings Corp. 
• Exhibit 159: Panasonic Holdings Corp. - Overview
• Exhibit 160: Panasonic Holdings Corp. - Business segments
• Exhibit 161: Panasonic Holdings Corp. - Key news
• Exhibit 162: Panasonic Holdings Corp. - Key offerings
• Exhibit 163: Panasonic Holdings Corp. - Segment focus

• 12.12 Robert Bosch GmbH 
• Exhibit 164: Robert Bosch GmbH - Overview
• Exhibit 165: Robert Bosch GmbH - Business segments
• Exhibit 166: Robert Bosch GmbH - Key news
• Exhibit 167: Robert Bosch GmbH - Key offerings
• Exhibit 168: Robert Bosch GmbH - Segment focus

• 12.13 Samsung Electronics Co. Ltd. 
• Exhibit 169: Samsung Electronics Co. Ltd. - Overview
• Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 171: Samsung Electronics Co. Ltd. - Key news
• Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus

• 12.14 Sharp Corp. 
• Exhibit 174: Sharp Corp. - Overview
• Exhibit 175: Sharp Corp. - Business segments
• Exhibit 176: Sharp Corp. - Key news
• Exhibit 177: Sharp Corp. - Key offerings
• Exhibit 178: Sharp Corp. - Segment focus

• 12.15 Videocon Industries Ltd. 
• Exhibit 179: Videocon Industries Ltd. - Overview
• Exhibit 180: Videocon Industries Ltd. - Product / Service
• Exhibit 181: Videocon Industries Ltd. - Key offerings

• 12.16 Whirlpool Corp. 
• Exhibit 182: Whirlpool Corp. - Overview
• Exhibit 183: Whirlpool Corp. - Business segments
• Exhibit 184: Whirlpool Corp. - Key offerings
• Exhibit 185: Whirlpool Corp. - Segment focus

• 12.17 Xiaomi Communications Co. Ltd. 
• Exhibit 186: Xiaomi Communications Co. Ltd. - Overview
• Exhibit 187: Xiaomi Communications Co. Ltd. - Business segments
• Exhibit 188: Xiaomi Communications Co. Ltd. - Key news
• Exhibit 189: Xiaomi Communications Co. Ltd. - Key offerings
• Exhibit 190: Xiaomi Communications Co. Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 191: Inclusions checklist
• Exhibit 192: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 193: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 194: Research methodology
• Exhibit 195: Validation techniques employed for market sizing
• Exhibit 196: Information sources

• 13.5 List of abbreviations 
• Exhibit 197: List of abbreviations

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