Connected Home Appliances Market by Appliance Type (Laundry Appliances, Security Appliances, Water Treatment Appliances, Kitchen Appliances, and Others), Technology (WIFI, Bluetooth, Zigbee, and NFC), End Use (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2019–2026
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May 2020 |
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Connected Home Appliances Market Outlook - 2026
Connected home appliances are electronic appliances that have internet connectivity and can be easily accessed from any remote location using mobile devices such as tablets, smartphones, and laptops. It facilitates users to access home appliances from remote locations and enables them to monitor and control household activities such as cooking, cleaning, and food preservation. These appliances make use of information technology for communication, which makes its function faster, cheaper, and energy efficient. Demand for the connected home appliances market increases automatically with the improvement in internet infrastructure availability and smartphone penetration rate
Connected home appliances have various features to support inbuilt applications in various products such as washing machines, air conditioners, vacuum cleaners, refrigerators, and microwave ovens.
The technology by which these appliances can easily be controlled and monitored are WIFI and Bluetooth, facilitating data exchange between two devices. Apart from these two, a new technology has emerged for monitoring smart home appliances called Zigbee.
The connected home appliances market size is expected to witness growth from 2019–2026 due to increase in need for security in homes and increasing adoption of smart phones or handheld devices that give access to control electrical appliances. Increase in demand for smart electronic devices and number of technology enthusiasts across the globe is expected to lead to the growth of the connected home appliances market. Modern home appliances that can be easily accessed through internet are generating more profit compared to traditional ones, so manufacturers are diverting their focus from normal appliances to connected home appliances to increase revenue of the market, hence, improving lifestyles of people. Increase in purchasing power is expected to boost the demand for the connected home appliances market across the world.
Emergence of IoT technology in electronic devices, increase in demand for security in homes, less power consumption, and adoption of smart phones are the major key drivers for the connected home appliances market. In addition, lack of internet infrastructure and cost are the factors that are anticipated to hinder the growth of the market globally. Furthermore, initiatives by government for the promotion of automated homes and buildings and integration of lighting controllers within built data connectivity technology provide lucrative opportunities for the market.
The connected home appliances market is segmented into appliance type, technology, end use, and region. On the basis of appliance type, the market is classified into laundry appliances, security appliances, water treatment appliances, kitchen appliances, and others. On the basis of technology, the market is categorized into WIFI, Bluetooth, Zigbee, and NFC. By end use, the market is segregated into commercial and residential. By region, the market is divided into North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the connected home appliances industry are AT&T Inc., Honeywell International, Inc., Samsung Group, Whirlpool Corporation, ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, General Electric, Haier, and Electrolux. These key players focus on R&D technology integrated in electronic devices to make products more advanced, convenient, and customized.
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- This study includes the analytical depiction of the global connected home appliances market size along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Appliance Type
- Laundry Appliance
- Security Appliance
- Water Treatment Appliance
- Kitchen Appliance
By Technology
- WIFI
- Bluetooth
- ZigBee
- NFC
By End Use
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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