Market Overview:
The global smart home devices market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home devices owing to their various benefits such as energy efficiency, convenience, and security. In addition, the growing awareness about the benefits of using these devices is also contributing to their increased adoption across different regions. The global smart home devices market by type is segmented into Smart Air-Con and Heater, Smart Washing and Drying, Smart Refrigerator, Smart Large Cookers, Smart Dishwashers and Others. The largest segment in this market by type isSmart Air-Con and Heater which accounted for a share of more than 30% in 2017. In terms of application , Cooking was found as one Of The Highest Application Segment In Terms Of Value In 2017 And Is Expected To Grow At A Cagr OF 9%. Food Storage Was Second Highest Application Segment With A Share OF More Than 25%. Cleaning Was Third Highest Application Segment With A Share OF More Than 15%.
Product Definition:
Smart home devices are physical objects that can be controlled and monitored remotely through a smartphone or computer. They include devices such as thermostats, lights, locks, and security cameras. Smart home devices can be used to make everyday tasks easier and more efficient. For example, a smart thermostat can be programmed to adjust the temperature in your home based on your schedule or preferences.
Smart Air-Con and Heater:
Smart air-con and heater is a new term which entered the market recently. It's an intelligent device that controls and monitors indoor climate using various sensors, hence it's known as smart air-con or heater. The most important factor contributing to its growth is increasing demand for energy efficiency in heating systems across the globe.
The global smart air conditioner or heater market size was valued at USD 2,495 million in 2015.
Smart Washing and Drying:
Smart washing and drying and its usage in smart home devices market is a new term which entered into the household appliances industry recently. It has been observed that increasing number of urban population prefer to buy this product for their daily laundry activities. This product helps them to maintain hygiene by tracking water consumption, temperature, time & cycles through the use of sensors inside the appliance itself or through application software on smartphones.
Application Insights:
The cooking application segment led the global smart home devices market in 2017. The increasing use of smart appliances and rising demand for connected cooktops are driving the growth of this segment. For instance, TFAIR¢â‚¬â„¢s (Total Fire & Ice Refrigerator/Freezer) is a Canadian made product that features an integrated Wi-Fi connectivity system. Such products are widely used across Europe due to high consumer preference for advanced cooking equipment in their kitchen area.
House maintenance is expected to be the fastest growing application over the forecast period owing to increased usage of automated systems for cleaning purposes such as floor polishing, window cleaning, and dusting activities with remote control operation from remote locations or via mobile app control from anywhere in world.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, changing lifestyles, and rising real estate development in emerging countries such as China and India. Moreover, increased government spending on infrastructure has resulted in an increase in smart home device adoption across this region. For instance, according to a white paper published by Infosys Ltd., titled “The Changing Face of IT: New Dimensions In Technology And Businessâ€; Asia Pacific was estimated to account for nearly 40% of all digital transactions by 2020 with China at the forefront.
Growth Factors:
- Increasing demand for smart home devices from the commercial sector as businesses look to cut costs and increase efficiency.
- Advances in artificial intelligence and machine learning that will enable more sophisticated devices and systems that can be controlled remotely.
- The increasing number of "smart" appliances and gadgets being released onto the market, such as voice-activated assistants, thermostats, security cameras etc., which will help to drive consumer demand for smart home technology.
- Growing awareness of the benefits of using smart home devices, such as increased energy efficiency, security and convenience, which is helping to fuel adoption rates among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Devices Market Research Report
By Type
Smart Air-Con and Heater, Smart Washing and Drying, Smart Refrigerator, Smart Large Cookers, Smart Dishwashers, Others
By Application
Cooking, Food Storage, Cleaning, House Maintenance, Others
By Companies
Samsung, BSH, GE, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, IRobot, Ecovacs, Neato, Haier, Midea, Hisense
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Devices Market Report Segments:
The global Smart Home Devices market is segmented on the basis of:
Types
Smart Air-Con and Heater, Smart Washing and Drying, Smart Refrigerator, Smart Large Cookers, Smart Dishwashers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooking, Food Storage, Cleaning, House Maintenance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung
- BSH
- GE
- Whirlpool
- LG
- Electrolux
- Panasonic
- Miele & Cie
- Philips
- IRobot
- Ecovacs
- Neato
- Haier
- Midea
- Hisense
Highlights of The Smart Home Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Air-Con and Heater
- Smart Washing and Drying
- Smart Refrigerator
- Smart Large Cookers
- Smart Dishwashers
- Others
- By Application:
- Cooking
- Food Storage
- Cleaning
- House Maintenance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Home Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart home devices are electronic devices that can be controlled by a user through the use of an app or web interface. These devices can include thermostats, smoke detectors, security cameras, and more.
Some of the major companies in the smart home devices market are Samsung, BSH, GE, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, IRobot, Ecovacs, Neato, Haier, Midea, Hisense.
The smart home devices market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Home Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Home Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Home Devices Market - Supply Chain
4.5. Global Smart Home Devices Market Forecast
4.5.1. Smart Home Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Home Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Home Devices Market Absolute $ Opportunity
5. Global Smart Home Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Home Devices Market Size and Volume Forecast by Type
5.3.1. Smart Air-Con and Heater
5.3.2. Smart Washing and Drying
5.3.3. Smart Refrigerator
5.3.4. Smart Large Cookers
5.3.5. Smart Dishwashers
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Home Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Home Devices Market Size and Volume Forecast by Application
6.3.1. Cooking
6.3.2. Food Storage
6.3.3. Cleaning
6.3.4. House Maintenance
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Home Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Home Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Home Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Home Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Home Devices Demand Share Forecast, 2019-2026
9. North America Smart Home Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Home Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Home Devices Market Size and Volume Forecast by Application
9.4.1. Cooking
9.4.2. Food Storage
9.4.3. Cleaning
9.4.4. House Maintenance
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Home Devices Market Size and Volume Forecast by Type
9.7.1. Smart Air-Con and Heater
9.7.2. Smart Washing and Drying
9.7.3. Smart Refrigerator
9.7.4. Smart Large Cookers
9.7.5. Smart Dishwashers
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Home Devices Demand Share Forecast, 2019-2026
10. Latin America Smart Home Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Home Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Home Devices Market Size and Volume Forecast by Application
10.4.1. Cooking
10.4.2. Food Storage
10.4.3. Cleaning
10.4.4. House Maintenance
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Home Devices Market Size and Volume Forecast by Type
10.7.1. Smart Air-Con and Heater
10.7.2. Smart Washing and Drying
10.7.3. Smart Refrigerator
10.7.4. Smart Large Cookers
10.7.5. Smart Dishwashers
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Home Devices Demand Share Forecast, 2019-2026
11. Europe Smart Home Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Home Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Home Devices Market Size and Volume Forecast by Application
11.4.1. Cooking
11.4.2. Food Storage
11.4.3. Cleaning
11.4.4. House Maintenance
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Home Devices Market Size and Volume Forecast by Type
11.7.1. Smart Air-Con and Heater
11.7.2. Smart Washing and Drying
11.7.3. Smart Rerigerator
11.7.4. Smart Large Cookers
11.7.5. Smart Dishwashers
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Home Devices Demand Share, 2019-2026
12. Asia Pacific Smart Home Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Home Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Home Devices Market Size and Volume Forecast by Application
12.4.1. Cooking
12.4.2. Food Storage
12.4.3. Cleaning
12.4.4. House Maintenance
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Home Devices Market Size and Volume Forecast by Type
12.7.1. Smart Air-Con and Heater
12.7.2. Smart Washing and Drying
12.7.3. Smart Refrigerator
12.7.4. Smart Large Cookers
12.7.5. Smart Dishwashers
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Home Devices Demand Share, 2019-2026
13. Middle East & Africa Smart Home Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Home Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Home Devices Market Size and Volume Forecast by Application
13.4.1. Cooking
13.4.2. Food Storage
13.4.3. Cleaning
13.4.4. House Maintenance
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Home Devices Market Size and Volume Forecast by Type
13.7.1. Smart Air-Con and Heater
13.7.2. Smart Washing and Drying
13.7.3. Smart Refrigerator
13.7.4. Smart Large Cookers
13.7.5. Smart Dishwashers
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Home Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Home Devices Market: Market Share Analysis
14.2. Smart Home Devices Distributors and Customers
14.3. Smart Home Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BSH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Whirlpool
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Electrolux
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Miele & Cie
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Philips
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IRobot
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ecovacs
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Neato
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Haier
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Midea
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hisense
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
