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Market OverviewA sophisticated version of conventional appliances being operated through connected devices such as computer, smartphone, or tablet to provide more information and control is called a smart appliance. Market Research Future (MRFR) has published and released a research report about the global Smart Appliances Market that foretells success for this market with 17.51% CAGR (Compound Annual Growth Rate) between 2017 and 2027. By the end of 2027, the market is expected to be worth the US $ 595.49 bn.
The major factors driving the global smart appliances market include surging energy prices and abundance of wireless solutions. However, rapid internet penetration can endanger user privacy which might hamper the market growth.
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Smart Appliances Global Market - Segmentation
• Segmentation by Technology: Wi-Fi, ZigBee, Z-Wave, Bluetooth, and NFC.
• Segmentation by Deployment: On cloud and on Premise.
• Segmentation by Type: Major Domestic Appliances (Washer, Refrigerator, Dryer, Dishwasher, Air conditioner & Freezer) & Small Domestic Appliances (Food Processors, Toasters, Coffee Makers among others)
Key Players:
The key players in the market of Smart Appliances are- Samsung (South Korea), Panasonic Corp. (Japan), Whirlpool Corp. (U.S.), Haier Co. Ltd. (China), Electrolux AB (Sweden), BSH Hausgerate GmbH (Germany), LG Inc. (South Korea), General Electric Co. (U.S.), Miele & Cie. KG (Germany), Philips N.V. (Netherlands), Groupe SEB (France) among others.
Smart Appliances Global Market - Regional Analysis
North America is dominating the market of smart appliances. Presence of global players in U.S. and high per capita income of the American people is one of the major driving factor of the market in North America region. Also, technological advancement and high investment in R&D by the core companies is also playing major role in the market growth. In North America, U.S. is dominating the market accounting for more than 60% of the market. Developed economy and growing demand for the advance appliances is driving the market in the U.S. Asia-Pacific region has emerged as fastest growing market for smart appliances. Growth of Asian countries such as India and China and increasing per capita income and expenditure towards the home appliances are some of the major factor driving the market.
Latest Industry News
Legrand, a leading global specialist in electrical and network infrastructure solutions, has introduced the latest in smart lighting from the radiant® Collection. 6 NOV 2018
UK Government is set to introduce new regulations for smart energy appliances. The new rules will be based on the principle of interoperability, consumer protection, cybersecurity, data privacy, and grid stability. 22 OCT 2018
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Target audience
• Raw material suppliers
• Electronic design automation (EDA) & design tool vendors
• Fabrication, wafer, & foundry process equipment vendors
• Various smart appliances manufacturing companies
• Research and development organizations
• Technology providers and investors
• Associations working on smart appliances
• Sensor provider Sensors chip traders & distributors
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 463013
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