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 period 2021-2028.
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.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Owing to lockdown conditions the time spent t home by most of the people has increased to several folds and thus has led to an increased demand for smart appliances.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 33.9 billion |
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Growth Rate |
CAGR of 17.6% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
offering (products and services), technology, sales channel, end-user industry and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Xiaomi , LG Electronics , Panasonic , Samsung Electronics , Whirlpool , Electrolux , Koninklijke Philips , BSH Hausgerate , Haier Smart Home , and Miele & Cie. KG |
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Available Customization |
In addition to the market data for Smart Home Appliances Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Smart Home Appliances Market is segmented into Offering (products & services), Technology, Sales Channel, End-User Industry and geography.
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