Connected home appliances are smart electronic appliances having internet connectivity, which can be accessible from any remote location using mobile devices such as smart phones, tablets and laptops. In short, any electronic home appliance if provided with internet connectivity would become connected home appliance.
Connected home appliances are smart electronic appliances having internet connectivity, which
can be accessible from any remote location using mobile devices such as smart phones, tablets
and laptops. In short, any electronic home appliance if provided with internet connectivity
would become connected home appliance. Smart home appliances enable users to monitor and
control household activities from remote location. Growth of connected home appliances
depends upon various factors such as internet infrastructure availability and smart phone
penetration rate of the targeted region. If internet infrastructure of any country is robust and
efficient, there would be more demand for connected home appliances. Being the more energy
efficient solution compared to their traditional counterparts, connected home appliances are
being adopted with substantial high adoption rate across the globe.
Connected Home Appliances Market: Drivers and Restraints
Personal and family security is the primary factor driving the adoption of connected home
appliances by consumers across the globe. Over the last decade, adoption of connected home
appliances grown quickly with the evolution of consumers who are more technology enthusiast.
Also, with increasing adoption of smart phones, consumers are becoming more familiar with
touch controls and world of apps which, in turn driving their attraction towards adoption of
smart appliances. As connected home appliances generate more profit for the appliance makers
as compared to traditional ones, manufacturers are diverting their focus from simple appliance
manufacturing business to this business (connected appliance manufacturing), in order to
increase their profitability margin.
On the other hand, in various under developed or some of developing regions, lack of internet
infrastructure and affordability issue are the factors hindering the growth of global connected
home appliances market.
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Connected Home Appliances Market: Segmentation
Segmentation of global connected home appliances market is done on the basis of appliance
type, technology and region. On the basis of appliance type, global connected home appliances
market is segmented into laundry appliances, security appliances (smart alarms and smart lock
systems), water treatment appliances, kitchen appliances and others. These segments can
further be sub-segmented into their respective sub-segments. As laundry appliances segment is
sub-segmented into smart washers, smart dryers and other connected laundry units. Kitchen
appliances segment is sub-segmented into smart refrigeration, smart cooking appliances
(ranges, wall ovens, range hoods and vents) and cleaning appliances (dishwashers, disposers,
trash compactors etc.). Water treatment appliance is sub-segmented into replacement smart
filters, smart water heaters, smart water softeners and water filtration systems. Others
appliances type includes smart LED lighting, smart air purifiers & filters, smart compactors etc.
Among all the aforementioned appliances type segment, kitchen appliance type is estimated to
dominant the global connected appliance market and by the end of forecast period others
appliance type segment is expected to gain substantial market share in global market. On the
basis of technology, global connected home appliances market is segmented into Wi-Fi, NFC and
Bluetooth. Among all these technology segments, Wi-Fi technology is the popular one and
expected to remain dominant technology segment throughout the forecast period.
Geographically, global connected home appliances market is segmented into seven regions
which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific
Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions Asia Pacific is
the highest contributor in term of revenue in global connected home appliances market
followed Europe and North America. In Asia Pacific, china is projected to be the leading market
of connected home appliances in near future.
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Connected Home Appliances Market: Market Players
The key players of global connected home appliances market include AT&T Inc., Honeywell
International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung
Group, Whirlpool Corporation, General Electric and others.
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