Market Overview

Global Smart Home Appliances Market 2018-2022 - Smart Air Conditioners Segment Dominates the Global Market - Technavio

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According to the latest market research report released by Technavio,
the global smart home appliances market is expected to accelerate at a
CAGR of more than 50% during the forecast period. Product innovation in
terms of technology, performance, features, and design is one of the key
factors triggering the growth of the market.

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Technavio has published a new market research report on the global smart home appliances market from ...

Technavio has published a new market research report on the global smart home appliances market from 2018-2022. (Photo: Business Wire)

This research report titled ‘Global
Smart Home Appliances Market 2018-2022
' provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
It also includes an up-to-date analysis and forecasts for various market
segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

The market research analysis categorizes the global smart home
appliances market into the following products:

  • Smart washing machines and dryers market
  • Smart air conditioners
  • Smart refrigerators
  • Smart microwave ovens
  • Smart dishwashers

The smart air conditioners product segment is expected to be the highest
growing product segment, accounting for around 79% of the global market
during the forecast period. Since the time smart AC was introduced in
the market, the prices of the product have come down, which made the
product available at a premium price, thereby increasing its adoption.
Also, the perceived value and need for connectivity is the highest in
this product compared to other products.

Global smart home appliances market: Top emerging trend

Introduction of additional features in smart home appliances is an
emerging trend in the smart home appliances market space. As the
availability of ample space is a major issue for most consumers living
in compact homes, players are trying to come up with appliances that
have the connectivity feature, as well as sleek designs and other
attractive features. For instance, LG Electronics and Mitsubishi
Electric are focusing on introducing smart air conditioner accessories.
Startups are also trying their hand at manufacturing smart gadgets or
accessories instead of manufacturing smart air conditioners. One such
startup launched a smart accessory called Sensibo in 2015, which not
only connects to an app on a consumer's smartphone, but also remotely
controls the settings of the unit and automates the home climate control
with intelligent features, including location-based activation, time
settings, and others, saving up to 40% on home heating and cooling bills.

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a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Smart Home Appliances Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by product (smart washing machines and dryers
    market, smart air conditioners, smart refrigerators, smart microwave
    ovens, and smart dishwashers)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (Electrolux, Haier, LG Electronics, Samsung
    Electronics, and Whirlpool)

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

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