HOME Top Market Reports Smart Appliances Market by Smart Home Appliances (Washer, Dryer, Air Conditioner, Vacuum Cleaner), Smart Kitchen Appliances (Refrigerator, Dishwasher, Freezer), Technology (Wi-Fi, NFC, Bluetooth), End User, and Region - Global Forecast to 2020

Smart Appliances Market by Smart Home Appliances (Washer, Dryer, Air Conditioner, Vacuum Cleaner), Smart Kitchen Appliances (Refrigerator, Dishwasher, Freezer), Technology (Wi-Fi, NFC, Bluetooth), End User, and Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: SE 3722

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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)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Market Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Smart Appliances Market, 2015-2020 (Million USD)
    4.2 Smart Appliances Market, By Type (2015-2020)
    4.3 Asia-Pacific: Smart Appliances Market, By Product Type (2015)
    4.4 Smart Appliances Market, By Country (2015)
    4.5 Top Five Product Types in the Smart Appliances Market (2015)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
                    5.3.1.1 Smart Home Appliances
                    5.3.1.2 Smart Kitchen Appliances
           5.3.2 By End User
           5.3.3 By Technology
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rising Energy Prices Would Increase the Adoption of Smart Appliances
                    5.4.1.2 Availability of Wireless Solutions
                    5.4.1.3 Changing Lifestyles and Preferences of Consumers
           5.4.2 Restraints
                    5.4.2.1 Privacy Concerns Among End Users
                    5.4.2.2 Lack of  Awareness About Smart Appliances
           5.4.3 Opportunities
                    5.4.3.1 Machine to Machine (M2M) Communication to Pave New Growth Avenues
                    5.4.3.2 Large-Scale Digitization
           5.4.4 Challenges
                    5.4.4.1 High Capital Investment Followed By A Significant Maintenance Cost
                    5.4.4.2 Linking Disparate Systems

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants
    6.4 Industry Trends

7 Market Analysis, By Type (Page No. - 58)
    7.1 Introduction
    7.2 Smart Home Appliances
           7.2.1 Smart Washer
           7.2.2 Smart Dryer
           7.2.3 Smart Air Conditioner (AC)
           7.2.4 Smart Water Heater
           7.2.5 Smart Lighting Devices
           7.2.6 Smart Security Devices
           7.2.7 Smart Vacuum Cleaner
    7.3 Smart Kitchen Appliances
           7.3.1 Smart Refrigerator
           7.3.2 Smart Coffee Maker
           7.3.3 Smart Kettle
           7.3.4 Smart Dish Washer
           7.3.5 Smart Deep Freezer
           7.3.6 Smart Oven
           7.3.7 Smart Cooktop
           7.3.8 Smart Cooker
    7.4 Services

8 Market Analysis, By Technology (Page No. - 92)
    8.1 Introduction
    8.2 Wi-Fi
    8.3 Bluetooth
    8.4 NFC (Near Field Communication)

9 Market Analysis, By End User (Page No. - 96)
    9.1 Introduction
    9.2 Residential
    9.3 Commercial

10 Regional Analysis (Page No. - 100)
     10.1 Introduction
     10.2 Americas
             10.2.1 North America
             10.2.2 South America
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 126)
     11.1 Overview
     11.2 Market Ranking Analysis, Smart Appliances Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Acquisitions, Joint Ventures, and Expansions
             11.3.3 Partnerships, Agreements, and Collaborations

12 Company Profiles (Page No. - 133)
     12.1 Introduction
     12.2 General Electric Co. (GE)
             12.2.1 Business Overview
             12.2.2 Product Offerings
             12.2.3 Recent Developments
             12.2.4 MnM View
     12.3 LG Electronics Inc.
             12.3.1 Business Overview
             12.3.2 Product Offerings
             12.3.3 Recent Developments
             12.3.4 MnM View
     12.4 Panasonic Corporation
             12.4.1 Business Overview
             12.4.2 Product & Service Offerings
             12.4.3 Recent Developments
             12.4.4 MnM View
     12.5 Samsung Electronics Co. Ltd.
             12.5.1 Business Overview
             12.5.2 Product Offerings
             12.5.3 Recent Developments
             12.5.4 MnM View
     12.6 Whirlpool Corporation
             12.6.1 Business Overview
             12.6.2 Product Offerings
             12.6.3 Recent Developments
             12.6.4 MnM View
     12.7 Electrolux AB
             12.7.1 Business Overview
             12.7.2 Product Offerings
             12.7.3 Recent Developments
     12.8 Koninklijke Philips N.V.
             12.8.1 Business Overview
             12.8.2 Product Offerings
             12.8.3 Recent Developments
     12.9 Bsh Hausgerate GmbH
             12.9.1 Business Overview
             12.9.2 Product Offerings
             12.9.3 Recent Developments
     12.10 Qingdao Haier Co Ltd.
             12.10.1 Business Overview
             12.10.2 Product Offerings
             12.10.3 Recent Developments
     12.11 Miele & Cie. Kg
             12.11.1 Business Overview
             12.11.2 Product & Service Offerings
             12.11.3 Recent Developments

13 Appendix (Page No. - 162)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (86 Tables)

Table 1 Smart Appliances Market Size, (USD Million) and (Thousand Units), 2014-2020
Table 2 Smart Appliances Market, By Smart Home Appliances, 2014-2020 (USD Million)
Table 3 Smart Appliances Market, By Smart Kitchen Appliances, 2014-2020 (USD Million)
Table 4 Rising Energy Prices Increases Adoption of the Smart Appliances
Table 5 Privacy Concerns Among End Users
Table 6 M2M Communication is Expected to Boost the Smart Appliances Market
Table 7 Smart Appliances Cost Per Unit (USD Dollar)
Table 8 High Capital Investment is Constraining the Growth of the Market
Table 9 Market, By Type, 2014–2020 (USD Million)
Table 10 Smart Home Appliances Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 11 Smart Home Appliances Market, Asp (USD), 2014-2020
Table 12 Smart Home Appliances Market, By End User, 2014-2020 (USD Million)
Table 13 Smart Home Appliances Market, , By Region, 2014-2020 (USD Million)
Table 14 Smart Washer Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 15 Smart Home Appliances: Smart Washer Market, By Region, 2014-2020 (USD Million)
Table 16 Smart Dryer Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 17 Smart Home Appliances: Smart Dryer Market, By Region, 2014-2020 (USD Million)
Table 18 Smart Air Conditioner Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 19 Smart Air Conditioner: Smart Home Appliances Market, By Region, 2014-2020 (USD Million)
Table 20 Smart Water Heater Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 21 Smart Home Appliances: Smart Water Heater Market, By Region, 2014-2020 (USD Million)
Table 22 Smart Lighting Devices Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 23 Smart Home Appliances: Smart Lighting Devices Market, By Region, 2014-2020 (USD Million)
Table 24 Smart Security Devices Market, 2014-2020, Value(USD Million) and Volume(Thousand Units)
Table 25 Smart Home Appliances: Smart Security Devices Market, By Region, 2014-2020 (USD Million)
Table 26 Smart Vacuum Cleaner Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 27 Smart Home Appliances: Smart Vacuum Cleaner Market, By Region, 2014-2020 (USD Million)
Table 28 Smart Kitchen Appliances Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 29 Smart Kitchen Appliances Market, Asp (USD), 2014-2020
Table 30 Smart Kitchen Appliances Market, By End User, 2014-2020 (USD Million)
Table 31 Smart Kitchen Appliances Market, By Region, 2014-2020 (USD Million)
Table 32 Smart Refrigerator Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 33 Smart Kitchen Appliances: Smart Refrigerator Market, By Region, 2014-2020 (USD Million)
Table 34 Smart Coffee Maker Market, 2014-2020, Value(USD Million) and Volume (Thousand Units)
Table 35 Smart Kitchen Appliances: Smart Coffee Maker Market, By Region, 2014-2020 (USD Million)
Table 36 Smart Kettle for Smart Kitchen Appliances Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 37 Smart Kitchen Appliances: Smart Kettle Market, By Region, 2014-2020 (USD Million)
Table 38 Smart Dishwasher Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 39 Smart Kitchen Appliances: Smart Dishwasher Market, By Region, 2014-2020 (USD Million)
Table 40 Smart Deep Freezer Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 41 Smart Kitchen Appliances: Smart Deep Freezer Market, By Region, 2014-2020 (USD Million)
Table 42 Smart Oven Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 43 Smart Kitchen Appliances: Smart Oven Market, By Region, 2014-2020 (USD Million)
Table 44 Smart Cooktop Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 45 Smart Cooktop Market, By Region, 2014-2020 (USD Million)
Table 46 Smart Cooker Market, 2014-2020, Value (USD Million) and Volume (Thousand Units)
Table 47 Smart Kitchen Appliances: Smart Cooker Market, By Region, 2014-2020 (USD Million)
Table 48 Services Market, By End User, 2014-2020 (USD Million)
Table 49 Services: Smart Appliances Market, By Region, 2014-2020 (USD Million)
Table 50 Smart Appliances Market, By Technology, 2014–2020 (USD Million)
Table 51 Market, By End User, 2014–2020 (USD Million)
Table 52 Residential End User: Smart Appliances Market, By Region, 2014-2020 (USD Million)
Table 53 Commercial End User: Smart Appliances Market, By Region, 2014-2020 (USD Million)
Table 54 Smart Appliances Market, By Region, 2014–2020 (USD Million)
Table 55 The Americas: Smart Appliances Market, By Region, 2014–2020 (USD Million)
Table 56 North America: Smart Appliances Market, By Country, 2014–2020 (USD Million)
Table 57 The Americas: Smart Appliances Market, By Type, 2014–2020 (USD Million)
Table 58 Americas: Smart Home Appliances Market, 2014–2020 (USD Million)
Table 59 Americas: Smart Kitchen Appliances Market, 2014–2020 (USD Million)
Table 60 The Americas: Smart Home Appliances, By End User, 2014-2020 (USD Million)
Table 61 The Americas: Smart Kitchen Appliances, By End User, 2014-2020 (USD Million)
Table 62 The Americas: Services, By End User, 2014-2020 (USD Million)
Table 63 Europe: Smart Appliances Market, By Country, 2014–2020 (USD Million)
Table 64 Europe: Smart Appliances Market, By Type, 2014–2020 (USD Million)
Table 65 Europe: Smart Home Appliances Market, 2014–2020 (USD Million)
Table 66 Europe: Smart Kitchen Appliances Market, 2014–2020 (USD Million)
Table 67 Europe: Smart Home Appliances, By End User, 2014-2020 (USD Million)
Table 68 Europe: Smart Kitchen Appliances, By End User, 2014-2020 (USD Million)
Table 69 Europe: Services, By End User, 2014-2020 (USD Million)
Table 70 APAC: Smart Appliances Market, By Country, 2014–2020 (USD Million)
Table 71 APAC: Market, By Type, 2014–2020 (USD Million)
Table 72 APAC: Smart Home Appliances Market, 2014–2020 (USD Million)
Table 73 APAC: Smart Kitchen Appliances Market, 2014–2020 (USD Million)
Table 74 APAC: Smart Home Appliances, By End User, 2014-2020 (USD Million)
Table 75 APAC: Smart Kitchen Appliances, By End User, 2014-2020 (USD Million)
Table 76 APAC: Services, By End User, 2014-2020 (USD Million)
Table 77 RoW: Smart Appliances Market, By Region, 2014–2020 (USD Million)
Table 78 RoW: Smart Appliances Market, By Type, 2014–2020 (USD Million)
Table 79 RoW: Smart Home Appliances Market, 2014–2020 (USD Million)
Table 80 RoW: Smart Kitchen Appliances Market, 2014–2020 (USD Million)
Table 81 RoW: Smart Home Appliances, By End User, 2014-2020 (USD Million)
Table 82 RoW: Smart Kitchen Appliances, By End User, 2014-2020 (USD Million)
Table 83 RoW: Services, By End User, 2014-2020 (USD Million)
Table 84 New Product Launches, 2013–2015
Table 85 Acquisitions, Joint Ventures, and Expansions , 2014–2015
Table 86 Partnership, Agreements, and Collaborations, 2014–2015


List of Figures (74 Figures)

Figure 1 Research Methodology
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Smart Appliances Market: Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Smart Appliances Market, By Type, 2015
Figure 7 Smart Home Appliances Market Snapshot (2015 vs 2020): Smart Washers are Expected to Have A Large Market During the Forecast Period
Figure 8 Smart Kitchen Appliances Market Snapshot (2015 vs 2020): Market for Smart Refrigerators is Expected to Account for A Large Share During the Forecast Period
Figure 9 Smart Appliances Market, By Region, 2015
Figure 10 Attractive Opportunities in the Market
Figure 11 The Market for Smart Home Appliances Expected to Grow Rapidly During the Forecast Period
Figure 12 Smart Washers Estimated to Hold the Largest Market Share
Figure 13 The U.S. Estimated to Hold the Largest Share of the Smart Appliances Market in 2015
Figure 14 Americas Hold the Largest Share for Top Five Product Types
Figure 15 Evolution of Smart Appliances
Figure 16 Smart Appliances Market Segmentation: By Smart Home Appliances
Figure 17 Market Segmentation: By Smart Kitchen Appliances
Figure 18 Market Segmentation: By End User
Figure 19 Market Segmentation: By Technology
Figure 20 Market Segmentation: By Region
Figure 21 Rising Energy Prices is Expected to Spur the Demand for  Smart Appliances
Figure 22 Value Chain Analysis: Major Value is Added During Manufacturing of Smart Appliances
Figure 23 Porter’s Five Forces Analysis
Figure 24 Intensity of Rivalry
Figure 25 Threat of Substitutes
Figure 26 Bargaining Power of Buyers
Figure 27 Bargaining Power of Suppliers
Figure 28 Threat of New Entrants
Figure 29 Cloud Computing and Internet of Things are Major Forces That are Imperative for the Growth of This Market
Figure 30 Smart Appliances Market Segmentation, By Type
Figure 31 Smart Home Appliances Market Segmentation
Figure 32 The Americas Estimated to Lead the Smart Home Appliances Market in 2015
Figure 33 The Americas Estimated to Lead the Market for Smart Water Heaters
Figure 34 The Americas Estimated to Lead the Smart Security Devices Market
Figure 35 Smart Kitchen Appliances Market Segmentation
Figure 36 The Smart Refrigerator Market in APAC is Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 37 Americas Estimated to Hold A Large Share in the Market for Smart Kettles
Figure 38 The Market for Smart Deep Freezers in APAC is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 39 Americas Estimated to Have the Largest Market for Smart Cooktops
Figure 40 Market Segmentation, By Technology
Figure 41 Wi-Fi Enabled Smart Appliances Estimated to Lead the Market During the Forecast Period
Figure 42 Smart Appliances Market Segmentation, By End User
Figure 43 Residential End User Segment Expected to Lead the Smart Appliances Market Between 2015 and 2020
Figure 44 Geographic Snapshot - Developing Countries are Emerging as New Hot Spots
Figure 45 America Snapshot (2014-2020): Demand is Likely to Be Driven By Strong Support From U.S. Government for Smart Grid Initiatives
Figure 46 Smart Home Appliances are Expected to Lead the  Market in the Americas
Figure 47 Smart Washer is  Expected to Dominate the Smart Home Appliances Market in the Americas
Figure 48 The U.K. is Expected to Lead the European Smart Appliances Market Between 2015 and 2020
Figure 49 Smart Home Appliances are Expected to Lead the Smart Appliances Market in Europe
Figure 50 Asia-Pacific Smart Appliances Market Snapshot - China is the Most Lucrative Market
Figure 51 China is Expected to Dominate the Market in APAC
Figure 52 Smart Refrigerator is  Expected to Dominate the Smart Kitchen Appliances Market in APAC
Figure 53 The Middle East is Expected to Lead the Smart Appliances Market in RoW
Figure 54 Smart Washer is  Expected to Dominate the Smart Home Appliances Market in RoW
Figure 55 Companies Adopted New Product Launches as A Key Growth Strategy Over the Last Three Years
Figure 56 Ranking of Top Players: Market,2014
Figure 57 Market Evolution Framework:  New Product Launches Fuelled Growth and Innovation During 2013 and 2015
Figure 58 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 59 Geographic Revenue Mix of Top Five Players
Figure 60 General Electric Co.: Company Snapshot
Figure 61 General Electronics Co.: SWOT Analysis
Figure 62 LG Electronics Inc.: Company Snapshot
Figure 63 LG Electronics Inc.: SWOT Analysis
Figure 64 Panasonic Corporation: Company Snapshot
Figure 65 Panasonic Corporation: SWOT Analysis
Figure 66 Samsung Electronics Co. Ltd.: Company Snapshot
Figure 67 Samsung Electronics Co. Ltd: SWOT Analysis
Figure 68 Whirlpool Corporation: Company Snapshot
Figure 69 Whirlpool Corporation: SWOT Analysis
Figure 70 Electrolux AB: Company Snapshot
Figure 71 Koninklijke Philips N.V.: Company Snapshot
Figure 72 Bsh Hausgerate GmbH: Company Snapshot
Figure 73 Haier Inc.: Company Snapshot
Figure 74 Miele & Cie. Kg : Company Snapshot

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.

Smart Appliances Market

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.

Available Customizations Title

Client Consult Problem Statement : MnM’s client wanted to enter into the RFID enabled smart cabinets market and was interested in deep dive analysis into the market sizing of various geographies (North America, Europe, APAC and RoW) in terms of value. The client was also interested in the forecast for the market upto 2018 along with an understanding of the recent developments by major players in the market.

Solution Provided:

1. Methodology Adopted by MnM :

MnM utilized authentic secondary sources (government we....

1. Methodology Adopted by MnM :

MnM utilized authentic secondary sources (government websites, associations and groups, annual reports of companies, SEC filings, corporate presentations) along with MnM repository to gain insights, both quantitative and qualitative, into the market. MnM then conducted multi-level, qualitative & quantitative study with a constructed sample of industry professionals to fill in the gaps. Key parameters influencing the market were identified and their trends were studied to get the market numbers.  At every level the estimates were verified with industry experts (both from demand and supply side) and finally by in-house domain experts.

2. Actual Solution Provided:

   • Market sizing and forecast for RFID Enabled Smart Cabinets by geography
   • Competitive landscape of companies
   • Identified companies that offer RFID enabled smart cabinets
   • Detailed analysis of need-gap incurred in this market
   • Strategic recommendation for market positioning

Value Delivered:

The client could identify the market potential and was able to identify and select new markets for entry. The study also assisted client in knowing its prospective competitors and aided in taking necessary steps to formulate its marketing strategies.

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