According to a new foreign research report, the global smart home appliance market is expected to grow at a compound annual growth rate of approximately 49.4% in the next five years. It is expected that the market size will increase from US$7.05 billion in 2017 to US$78.5 billion by 2023.
Smart home appliances refer to devices or machines that can be remotely controlled via a tablet or smartphone. The research reports cover equipment including smart air conditioners and heaters, smart cleaning and drying appliances, smart refrigerators, smart large cookers, and smart washes. Dish machine and so on.
The smart appliance market has experienced rapid growth in the past few years, and this trend is expected to continue in the next decade. The report also said that the United States and Europe are the largest consumer markets for smart appliances, subject to high spending power and convenience. The drive for lifestyle is eager. China, Japan and other markets are also developing rapidly.
From the manufacturer's point of view, it covers mainstream brands such as Samsung, Bosch, General Electric, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, IRobot, Ecovacs, Neato, Haier, Midea and Hisense.
Market segmentation by application can be divided into cooking, food storage, cleaning and house maintenance. In addition, market segmentation by type includes smart air conditioners and heaters, intelligent cleaning and drying, smart refrigerators, smart large cookware and smart dishwasher.
The research report predicts that the smart compound kitchen's compound annual growth rate will reach 28.9% in the next five years, and will increase from $890 million in 2017 to $3.17 billion by 2023.
Its main manufacturers are still brands such as Whirlpool, AB Electrolux, Samsung Electronics, LG Electronics, Haier Set, Bossi, Miele & Cie KG, Panasonic, Robam and Midea.