Delvens published a new research publication on "Smart Home Appliances Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Home Appliances Market was mainly driven by the increasing R&D spending across the world.
The global smart home appliances market size is projected to reach USD 77 billion by 2026 at a CAGR of 17.6% from USD 33.9 billion in 2021 during the forecast to 2028.
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Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. The presence of key players along with the increased demand has led to the expansion of market in the region.
Recent Developments
In January 2021, LG Electronics has come up with LG CordZeroThinQ A9 vacuum cleaner, which is equipped with an enhanced "Wet Mopping" mode in addition to a comprehensive "Vacuum+Mop" mode thus ensuring a hassle-free cleaning experience.
In August 2020, Haier Smart Home launched a new rooftop air conditioner integrated with heat pump and is a high-efficiency model.
Top Key Players:
· Xiaomi
· LG Electronics
· Panasonic
· Samsung Electronics
· Whirlpool
· Electrolux
· Koninklijke Philips
· BSH Hausgerate
· Haier Smart Home
· Miele & Cie. KG and More
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Smart home appliance is a part of smart home wherein the normally used appliance are replaces with smart appliances which are controlled automatically from anywhere around the world and thus giving the ease of comfort to the user. These devices are AI driven and thus use internet for the connectivity and functionality.
The recent surge in demand for smart phones along with the internet penetration into the usage are some of the factors that have supported long-term expansion for Smart Home Appliances Market.
Smart Home Appliances Market is segmented into Offering (products & services), Technology, Sales Channel, End-User Industry and geography.
On the basis of Offering
· Products
· Smart Washers
· Smart Dryers
· Smart Air Conditioners
· Smart Water Heaters
· Smart Lighting Devices
· Smart Security Devices
· Others
On the basis of Technology
· Wi-Fi
· Bluetooth
· Near Field Communication (NFC)
· Others (ZigBee, RFID, EnOcean, Z-Wave and cellular Networks)
On the basis of Sales Channel
· Indirect Sales Channel
· Direct Sales Channel
On the basis of End-User Industry
· Residential
· Commercial
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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