Smart Appliances market is expected to reach its Highest Revenue during the forecast period between 2017-2027

Pune, India, April, 2018, /MRFR Press Release/- Market Research Future published a half cooked research report on Global Smart Appliances Market Research Report Forecast till 2027

Market Highlights

Globally, the Smart Appliances are expected to reach USD 595.49 billion with 17.51% CAGR by the end of 2027. The growth of the market is due to surging energy prices and abundance of wireless solutions. Additionally, increase the adoption rate of Machine to Machine (M2M) communications is expected to be a better prospect for the growth of the market over the forecast period.

The smart appliances market is segmented into the component, technology, and end-user.

By component, the market is classified as products and services. Furthermore, the product segment is categorized into dishwasher, washing machine, air conditioner, refrigerator, security devices, lighting devices and others. Services segment is classified as professional and managed services. The professional services are categorized into consulting, repairs & maintenance, system integration and others.

Based on technology, the market is divided into Wi-Fi, Zigbee, Bluetooth, RFID, cellular technology, NFC, Z-Wave, and others.

Lastly, the smart appliances market are sub-segmented into end user which include residential, government, and commercial.

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Key Players

Some of the key players of Smart Appliances market include 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), and Groupe SEB (France).

Regional Analysis

Geographically, the smart appliances market are categorized into four different regions namely North America, Asia Pacific, Europe and the Rest of the World.

North America is presumed to have significant growth in the Smart Appliances market. The U.S and Canada are the leading countries in the region. This is due to increasing adoption of automation and security solutions in smart appliances. Asia Pacific is also anticipated to be the fastest growing region in the smart appliances market over the forecast period. Japan, South Korea, Taiwan, India, and China are the prominent countries in the region driving the growth. This is attributed to increasing demand for energy efficient appliances for the home appliances.