Scalar Market Research

Smart Home Appliances Market Expected to Grow at a Steady CAGR by 2022

Smart Home Appliances Market, by Technology (Bluetooth, Wi-Fi, NFC), Type (Smart Kitchen Appliances, Smart Home Appliances, Services), and End-user (Commercial, Residential) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022


Chicago, IL -- (SBWIRE) -- 06/09/2017 -- The global smart home appliances market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the smart home appliances market.

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In the recent years, the smart home appliances market has observed a substantial growth, due to the increase in the energy costs and the rising adoption of the smart appliances, the transformation of lifestyles and the rising preferences and accessibility of the wireless solutions.

The growth in the machine-to-machine communication and digitization are also creating the key growth opportunities for the smart home appliances market.

However, the issues with confidentiality and the lack of awareness towards the smart appliances are the major concerns hindering the growth of the market for the smart home appliances.

Moreover, the high capital costs, installation costs, and system connectivity are the major challenges faced by the end-users and the key players in this market.

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Key players in the smart home appliances market include:

LG Electronics, Inc. Panasonic Corporation, General Electric, Miele & Cie.KG, BSH Housemate GmbH, Kinglike Philips N.V, Qingdao Haier Co. Ltd, Whirlpool Corporation, Samsung Electronics Co.Ltd.

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