The global smart home appliances market size is expected to grow rapidly due to automation enhancements and lifestyle advancements. Furthermore, rapid investments in smart appliances by several households is expected to enhance market growth. Fortune Business Insights™ provides this information in its report titled “Smart Home Appliances Market, 2024-2032.”

Top Company in the Smart Home Appliances Market:

• Haier Group Corporation (Qingdao, China)
• Electrolux (Stockholm, Sweden)
• Samsung Group (Suwon-si, South Korea)
• G. Electronics, Inc. (Seoul, South Korea)
• Whirlpool Corporation (Michigan, U.S.)
• Fujitsu General Limited (Japan)
• Dacor (California, U.S.)
• Voltas Limited (Mumbai, India)
• Panasonic Corporation (Osaka, Japan)
• Robert Bosch GmbH (Gerlingen, Germany)

Information Source: https://www.fortunebusinessinsights.com/smart-home-appliances-market-106267

Segmentation

By product type, the market is segmented into washing machine, air conditioners (A.C.s), refrigerator, dishwashers, and other smart appliances. As per technology, it is classified into Wi-Fi, Bluetooth, cellular technology, and radio frequency identification (RFID). Based on distributional channel, it is bifurcated into offline and online. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Driving Factors

Increasing Smart Homes to Enhance Market Growth

Smart home appliances consist of washing machines, dishwashers, smart cameras, locks, refrigerators, and others. These appliances save time and enhance the comfort of consumers. Rising smart homes are likely to enhance the adoption of smart home appliances. Furthermore, the increasing demand for technologically advanced products are likely to enhance the demand for the product. Moreover, the robust demand for premium electronics such as smart speakers, air conditioners, refrigerators, and dryers/washers is expected to enhance the smart home appliances adoption. In addition, rising development of smart and green buildings is expected to boost appliance sales. These factors may drive the smart home appliances market growth.