Smart devices constitute of software, and related services that enables automation of these devices. Smart home appliances are connected devices that can be operated via different wireless protocols such as Wi-Fi, Bluetooth, and other sources which interacts with the current and historic responses. These electronics are typically connected through microcontrollers.
In addition, smart home devices are next generation predictable home or kitchen appliances that are equipped with advanced technological features that are used for processing, receiving, and transmitting information using various others smart devices such as phones, tablets, and laptops.
Increasing proliferation of automation in electronics is will be driving growth of the smart home appliances market in the coming 10 years. Smart appliances such as connected robot vacuum offers ease in maintaining the cleanliness of the surroundings with self-driven robot.
Increasing adoption of emerging technologies such as IoT in electronic devices and growing demand for smart homes which offers smart safety solutions with enhanced features integration are factors that will drive growth of the market in the near future.
- By Type
- By Region
- By Application
Increasing integration of IoT technology in electronic devices by manufacturers for connecting various home appliances and devices owing to ubiquitous availability of connectivity points and in-home Wi-Fi which enables these devices to constantly be connected via cloud. This connectivity further us utilized to send operational, warranty, and service data information to end user and the service centers.
Increasing demand for smart kitchen appliances, owing to improved standards of living is witnessing high adoption of smart home appliances among individuals across the globe. In addition, growing demand for innovative products that offer reduction in power and energy is increasing inclination of smart devices among individuals in various economies which in turn will fuel growth of the smart home appliances market.
Increasing future developments in home appliances to offer advanced control features and enhanced convenience, security, and efficiency are revenue growth opportunities that will support growth of the market. In addition, growing need for product innovations, improved performance, advanced features, and efficient design electronic products in smart home will further support growth of the market.
Increasing use of smart electronics in category of home appliances such as smart air-conditioners and heater will exhibit high revenue growth of the market. The smart air-conditioners and heater products facilitates live communications which shift the operations time to off-peak periods or operate at low frequencies.
The smart home appliances market in North America currently dominates with highest revenue share, primarily contributed by countries such as US and Canada. Increasing adoption of smart home and modular kitchen systems by individuals in North America is a reason to register high adoption of smart home devices in this region. In addition, rapidly growing electronic sector with increasing R&D activities to offer technologically advanced systems is expected to witness positive impact on the growth of the global smart home appliances market in this region.
Prominent players operating in the global smart home appliances market includes, Cargill, Morton, Tate & Lyle, Biospringer, ABF, DSM, Ajinomoto, Innophos, Fufeng, Meihua, Angel Yeast, CNSG, Jiangsu Jingshen Salt, Yunnan Salt & Salt Chem, Shindoo Chemi-industry