Smart Appliances Market: Trends, Opportunities and Competitive Analysis

Trends, opportunities, and forecast in smart appliances market to 2024 by application (home and kitchen), technology (Wi-Fi, NFC, Bluetooth, MarZigbee, RFID, cellular technology, and Z-Wave), end use industry (residential, commercial, and government), and region (North America, Europe, APAC, and ROW)

Publisher: Lucintel Published: June 2020
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Smart Appliances Market: Trends, Opportunities and Competitive Analysis

Report Feature

The future of the smart appliance market looks promising with opportunities in the residential, commercial, and government sectors. The smart appliance market is expected to grow with a CAGR of 15% f

rom 2019 to 2024. The major drivers for this market are rising energy prices, availability of wireless solutions and changing lifestyles, and increasing awareness on energy efficiency among consumers.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of smart appliance market report download the report brochure.



Smart Appliances Market by Segments

Smart Appliances Market Trends and Forecast

Smart Appliances Market Share
 


The study includes the smart appliance market size and forecast for the smart appliance market through 2024, segmented by application, technology, end use industry, and region as follows:

By Application [$M shipment analysis for 2013 – 2024]:
  • Home
    • Washer
    • Dryer
    • Air Conditioner
    • Vacuum Cleaner
  • Kitchen
    • Refrigerator
    • Dishwasher
    • Freezer

By Technology [$M shipment analysis for 2013 – 2024]:
  • Wi-Fi
  • NFC
  • Bluetooth
  • MarZigbee
  • RFID
  • Cellular Technology
  • Z-Wave

By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Residential
  • Commercial
  • Government

By Region [$M shipment analysis for 2013 – 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World

Some of the smart appliance companies profiled in this report include Electrolux, General Electric, Koninklijke Philips, BSH Hausgerate, LG Electronics, Miele & Cie. KG, Panasonic, Qingdao Haier, Samsung Electronics., and Whirlpool

Some of the features of this report:
  • Market size estimates: Smart appliance market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segments such as by application, technology, end use industry, and region
  • Regional analysis: Smart appliance market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for smart appliance in the smart appliance market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, smart appliance in the smart appliance market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary 2. Market Trends and Forecast Analysis from 2013 to 2024 2.1: Introduction, Background, and Classification 2.2: Supply Chain 2.3: Industry Drivers and Challenges
5. Competitor Analysis 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Geographical Reach 5.5: Porter’s Five Forces Analysis 7. Company Profiles of Leading Players 7.1: Electrolux 7.2: General Electric 7.3: Koninklijke Philips 7.4: BSH Hausgerate 7.5: LG Electronics 7.6: Miele & Cie. KG 7.7: Panasonic 7.8: Qingdao Haier 7.9: Samsung Electronics. 7.10: Whirlpool

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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