TMCnet News
Global Smart Home Appliances Market Is Set To Reach $139 Billion by 2030, says P&S IntelligenceNEW YORK, May 9, 2022 /PRNewswire/ -- The global smart home appliances market was valued at $34.8 billion in 2021, which is projected to touch $139.0 billion by 2030, rising at a CAGR of 16.6% from 2021 to 2030, according to P&S Intelligence. People in advanced and emerging economies are increasingly urbanizing, and their disposable income is also rising, thus resulting in a strong demand for smart home equipment. In 2021, about 80 million homes in the U.S. planned to acquire a new variety of smart devices, due to the increase in the customer interest in technologically sophisticated devices. As the demand grows, prominent market players are increasing their R&D investment to produce technologically improved products. Major players in the market are Panasonic Corporation, Haier Electronics Group Co. Ltd., Electrolux AB, Apple Inc., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., LG Electronics, BSH Home Appliances Corporation, and Whirlpool Corporation. Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/smart-home-appliances-market/report-sample Key Findings of Smart Home Appliances Market Report
The smart home appliances market is growing the fastest in the APAC area, owing to an increase in the number of luxury housing development projects and increasing urbanization. Furthermore, as the living conditions of people improve, accompanied by an increase in the disposable income, shifting inclination of customers toward innovative and efficient smart homes, and fueling demand for advanced technological products in the region. Smart appliances and devices now replicate daily activities owing to advances in IoT and AI ecosystems. Furthermore, with people spending more time indoors, customers' need for safety, ease, and comfort through integrated technological solutions has become important. People are now choosing connected, smart, and energy-efficient household devices. Smart Home Appliances Market Segmentation Analysis By Product Type
By Technology
By Distribution Channel
By End User
By Region
Browse More Related Reports Global Air Purifier Market Emerging Trends, Growth and Business Opportunities Global Smart Homes Market Emerging Trends, Growth and Business Opportunities About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg |