The global smart appliances market size was USD 32.76 Billion in 2021 and is expected to register a revenue CAGR of 17.4% during the forecast period, according to latest analysis by Emergen Research. Increasing expansion of wireless connectivity across the globe is a key factor driving market revenue growth.
Wireless connectivity is becoming increasingly popular among residential and commercial users, hence controlling home systems with cellphones over Wi-Fi is playing a significant role. Wireless solutions enable users to monitor and operate smart home appliances from any location at any time, saving both money and time while reducing energy use. Furthermore, even when users are not there, they can monitor the operation of these appliances on their tablets or smartphones. Wireless connectivity is also very useful for diagnosing problems, communication between appliances, and energy monitoring.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include LG Electronics, Samsung Electronics, Electrolux, Panasonic Corporation, Haier Group Corporation, Koninklijke Philips N.V., Xiaomi, BSH Hausgeräte GmbH, Miele, and Whirlpool Corporation.
Highlights from the Report
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The report studies the historical data of the Smart Appliances Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the global smart appliances market based on product, distribution channel, technology, end-use, and region:
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The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Smart Appliances Market:
Extensive coverage of the analysis of the Smart Appliances market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Smart Appliances market
Complete data about the key manufacturers and vendors in the Smart Appliances market
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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