“Connected Home Appliance Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”
The global connected home appliance market is segmented into type such as laundry appliances, security appliances, water treatment appliances, kitchen appliances and others. Among these segments, kitchen appliances are expected to grow at highest CAGR in overall global connected home appliance market during the forecast period. Factor such as, changing lifestyle of people and advancement in technology is believed to impetus the growth of the kitchen appliance segment over the forecast period.
Global Connected Home Appliance Market is expected to flourish at a significant CAGR over the forecast period. Factor such as, rising affluent middle class population is anticipated to drive the growth of the global connected home appliance market over the forecast period. Moreover, rising security concern regarding home safety is expected to increase the overall market of connected home appliance over the forecast period i.e. 2017-2024.
North America dominated the overall connected home appliance market and is expected to continue its control over the forecast period. Further, increasing purchasing power is expected to accelerate the growth of the market in the upcoming years which in turn is likely to propel the demand for connected home appliance. Furthermore, Asia-Pacific connected home appliance market is anticipated to witness robust growth during the forecast period. Further, rising growth of the IOT based services in the region is anticipated to positively impact the growth of the global connected home appliance in Asia-Pacific.
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Rising Adoption of Smartphones
Factor such as, increase in adoption of various smartphones is anticipated to robust the growth of the global connected home appliance market over the forecast period. Increase in demand of various connected home appliances and advancement of technologies is expected to drive the overall market of connected home appliance over the forecast period.
Increase in Residential Construction
Due to rise in demand over the kitchen appliances, the increase in residential construction is expected to increase the growth of global connected home appliance market. Further, the increase in new residential housing units over the market is anticipated to increase the growth of global connected home appliance market. However, high cost of equipment and lack of awareness of consumers is likely to limit the growth of global connected home appliance market over the forecast period.
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The report titled “Connected Home Appliance Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global connected home appliance market in terms of market segmentation by type, by technology and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global connected home appliance market which includes company profiling of IBM Corporation, Honeywell International Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, General Electric, Cisco Systems and Panasonic Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global connected home appliance market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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