Connected home appliances are smart electronic appliances having internet connectivity, which can be accessible from any remote location using mobile devices such as smart phones, tablets and laptops. In short, any electronic home appliance if provided with internet connectivity would become connected home appliance. Smart home appliances enable users to monitor and control household activities from remote location. Growth of connected home appliances depends upon various factors such as internet infrastructure availability and smart phone penetration rate of the targeted region.
If internet infrastructure of any country is robust and efficient, there would be more demand for connected home appliances. Being the more energy efficient solution compared to their traditional counterparts, connected home appliances are being adopted with substantial high adoption rate across the globe.
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Connected Home Appliances Market: Drivers and Restraints
Personal and family security is the primary factor driving the adoption of connected home appliances by consumers across the globe. Over the last decade, adoption of connected home appliances grown quickly with the evolution of consumers who are more technology enthusiast. Also, with increasing adoption of smart phones, consumers are becoming more familiar with touch controls and world of apps which, in turn driving their attraction towards adoption of smart appliances.
As connected home appliances generate more profit for the appliance makers as compared to traditional ones, manufacturers are diverting their focus from simple appliance manufacturing business to this business (connected appliance manufacturing), in order to increase their profitability margin. On the other hand, in various under developed or some of developing regions, lack of internet infrastructure and affordability issue are the factors hindering the growth of global connected home appliances market.
Connected Home Appliances Market: Segmentation
Segmentation of global connected home appliances market is done on the basis of appliance type, technology and region. On the basis of appliance type, global connected home appliances market is segmented into laundry appliances, security appliances (smart alarms and smart lock systems), water treatment appliances, kitchen appliances and others. These segments can further be sub-segmented into their respective sub-segments. As laundry appliances segment is sub-segmented into smart washers, smart dryers and other connected laundry units.
Kitchen appliances segment is sub-segmented into smart refrigeration, smart cooking appliances (ranges, wall ovens, range hoods and vents) and cleaning appliances (dishwashers, disposers, trash compactors etc.). Water treatment appliance is sub-segmented into replacement smart filters, smart water heaters, smart water softeners and water filtration systems. Others appliances type includes smart LED lighting, smart air purifiers & filters, smart compactors etc. Among all the aforementioned appliances type segment, kitchen appliance type is estimated to dominant the global connected appliance market and by the end of forecast period others appliance type segment is expected to gain substantial market share in global market.
Geographically, global connected home appliances market is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions Asia Pacific is the highest contributor in term of revenue in global connected home appliances market followed Europe and North America. In Asia Pacific, china is projected to be the leading market of connected home appliances in near future.
Connected Home Appliances Market: Market Players
The key players of global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, General Electric and others.
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The report covers exhaustive analysis on:
Connected home appliances market Segments Connected home appliances market Dynamics Historical Actual Market Size, 2013 – 2015 Connected home appliances market Size & Forecast 2016 to 2026 Supply & Demand Value Chain Connected home appliances market Current Trends/Issues/Challenges Competition & Companies involved
Regional analysis for connected home appliances market includes
North America US & Canada Latin America Brazil, Mexico, Others Western Europe EU5 Nordics Benelux Eastern Europe Asia Pacific Australia and New Zealand (ANZ) Greater China India ASEAN Rest of Asia Pacific Japan Middle East and Africa GCC Countries Other Middle East North Africa South Africa Other Africa
Regional analysis for connected home appliances market includes
- North America
- U.S. & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, 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 segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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