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, and Kitchen smart 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.