Smart appliances are devices which can communicate with tablets or smartphones that allows users to control these appliances remotely. These devices can also communicate with the smart grid, responding to utility signals that provide consumers with reminders to use these appliances during off-peak periods. The smart appliances market is witnessing rapid growth; it is expected to reach USD 37.2 Billion by 2020, and grow at a CAGR of 15.4% between 2015 and 2020. In the smart appliances ecosystem, smart home and smart kitchen appliances play a vital role.

This report provides a detailed analysis of the smart appliances market based on smart home appliances, smart kitchen appliances, and services. It has been estimated that the smart home appliances would hold a large share of the market. The market for smart home appliances was valued at USD 7.7 Billion in 2014 and it is expected to grow at a CAGR of 16.8% between 2015 and 2020. Smart washers and smart dryers accounted for a large market share; however the market for smart air conditioners is expected to grow at a high CAGR between 2015 and 2020.

This report on smart appliances provides a detailed analysis of market dynamics such as drivers, restraints, challenges, and opportunities. The Porter�s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the smart appliances market. The report provides a detailed profile of the companies involved in the development of smart appliances such as Electrolux AB (Sweden), General Electric Co. (U.S.), Koninklijke Philips N.V. (Netherlands), BSH Hausgerate GmbH (Germany), LG Electronics Inc. (South Korea), Miele & Cie. KG (Germany), Panasonic Corp. (Japan), Qingdao Haier Co. Ltd. (China), Samsung Electronics Co. Ltd. (South Korea), and Whirlpool Corp. (U.S.). The competitive landscape for these players, detailing their growth strategy in the said market has also been included in the report.

Scope of the Report:

This research report categorizes the global smart appliances market based on type (smart home appliances, smart kitchen appliances, and services), end user, technology, and region. Additionally, it also estimates and forecasts the market size of smart appliances.

On the basis of smart home appliances

The global smart home appliances market has been segmented into smart washers, smart dryers, smart air conditioners, smart water heaters, smart lighting devices, smart security devices, and smart vacuum cleaners.

On the basis of smart kitchen appliances

The global smart kitchen appliances market has been further segmented into smart refrigerators, smart coffee makers, smart kettles, smart dish washers, smart deep freezers, smart ovens, smart cooktops, and smart cookers.

On the basis of end user

The global smart appliances has been further been segmented based on the end user into residential and commercial.

On the basis of technology

Based on the technology, the studied market has been segmented into Wi-Fi (Wireless Fidelity), NFC (Near Field Communication), and Bluetooth.

On the basis of region

The global smart appliances market has been split into four regions, namely, Americas, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The Americas has been further segmented into North America (U.S., Canada, and Mexico) and South America. The market in Europe includes the U.K., France, and Germany. The market in Asia-Pacific includes China, Japan, South Korea, and India. The Rest of the word includes the Middle East and Africa.

Target audience of the report:

The intended audience for this report includes:

Various smart appliances manufacturing companies

Research and development organizations

Technology providers and investors

Associations working on smart appliances

Sensor providers

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per a company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Home appliances available in the market are already smart in a way as they are being controlled through microcontrollers; however, the ability to connect to the Internet will make them smarter. Smart appliances are designed in such a way that they can communicate information directly to the service operator for efficient and productive use of electricity. These appliances are also known as intelligent appliances as they have the ability to measure and control their energy usage.

IoT (Internet of Things) is an emerging trend in the market and smart appliances are a subset of IoT. The IoT helps integrate digital and wireless technologies in home or kitchen appliances. Further, M2M (Machine to Machine) communication is likely to create a key opportunity in the smart appliances market.

The smart appliances market has been segmented based on type, end user, technology, and geography. It is expected to grow at a high CAGR of 15.4% between 2015 and 2020. Smart appliances based on type have been segmented into smart home appliances, smart kitchen appliances, and services. Smart home appliances has been further classified into washers, dryers, air conditioners, water heaters, lighting devices, security devices, and vacuum cleaners. Smart kitchen appliances have been segmented into refrigerators, coffee makers, kettles, dish washers, deep freezers, ovens, cooktops, and cookers. Appliances such as smart washers, dryers, refrigerators, and dish washers are expected to hold a large market share during the forecast period.

This report describes the market trends, drivers, and challenges for the smart appliances market and forecasts the market between 2015 and 2020 on the basis of type, technology, end user, and geography. Factors driving the market include increasing energy prices, changing lifestyles and preferences of consumers, and availability of wireless solutions.

The smart appliances market is expected to grow at a CAGR of 15.4% between 2015 and 2020. The smart home appliances accounts for the major share in the smart appliances market. This segment accounted for a market share of ~48% in 2014 and is also expected to grow at a higher CAGR of 16.8% between 2015 and 2020.

APAC is expected to be the fastest-growing region in the smart appliances market at a CAGR of 20.0% between 2015 and 2020. In APAC, China accounted for a major market share of ~50% in 2014 and it is also expected to grow at the highest CAGR of 24.5% between 2015 and 2020. China, a rapidly growing economy in APAC region is highly investing in smart grid projects. Further, APAC is home to major smart appliances manufacturers, namely, Samsung Electronics Co. Ltd. (South Korea), Panasonic Corp. (Japan), Haier Inc. (China), and LG Electronics Inc. (South Korea), which always focus on technology innovations.

The major players involved in the smart appliances market include General Electric Co. (U.S.), Koninklijke Philips N.V. (Netherlands), BSH Hausgerate GmbH (Germany), LG Electronics Inc. (South Korea), Panasonic Corp. (Japan), Samsung Electronics Co. Ltd. (South Korea), and Whirlpool Corp. (U.S.) among others.