Market Overview

In the rapidly changing technology world, the smart home appliance market is expected to show major growth prospects during the forecast period. Changes in consumer preferences and increased demand for innovation are key factors driving the growth of the smart home appliance market.

Compared to other regions, the smart home appliance market in North America is showing significant growth over the forecast period and is expected to occupy the largest market share. The US and Canada are expected to drive the growth of the smart home appliance market. This is because many existing major players exist and have invested in smart grid projects in the region. Apart from this, the region is well-established with infrastructure that is expected to ultimately increase the penetration of devices that provide high-speed connectivity and become a major factor in the growth of the smart home appliance market. Increasing government initiatives to adopt energy efficient devices is another factor contributing to the growth of the smart home appliance market.

Key Players

The prominent players in the smart home appliances market are – Electrolux (Sweden), Haier Group Corporation (China), LG Electronics, Inc. (Korea), Samsung Group (Korea), Whirlpool Corporation (U.S.), Dacor (U.S.), Fujitsu General Limited (Japan), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany) and Voltas Limited (India) among others.

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Market Segmentation

By Product
• Washing Machine
• Dishwasher
• Refrigerator
• Air Conditioner
• Security Devices
• Lighting Devices
• Others

By Technology
• Wi-Fi
• Radio Frequency Identification
• ZigBee
• Cellular Technology
• Bluetooth
• Others

Regional Insights

Regional analysis of the smart home appliance market is being studied in regions such as Asia Pacific, North America, Europe and other regions. While North America is estimated to hold the largest share of the market, Asia Pacific is expected to grow at the fastest rate during the forecast period. The major growth of the smart home appliance market in North America is due to increased investment in smart grid projects and changes in consumer preferences in the region.

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