The global Commercial Connected Home Appliances Market size was USD 33.27 Billion in 2022 and is expected to register a revenue CAGR of 8% over the forecast period, according to the latest report by Reports and Data.
The prevalence of intelligent domiciliary machines, including but not limited to clever cooling machines, laundry equipment, and culinary devices, has soared in recent times. This is largely due to the introduction of artificial intelligence (AI) and machine learning (ML) technologies, which have enabled these machines to consume less energy while also becoming simpler to operate. Moreover, in response to the growing demand for domiciliary automation, a connected household appliance that can be commanded via voice-operated digital assistants, such as Amazon Alexa and Google Home, has also been developed.
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Major Companies:
- Samsung Electronics Co., Ltd.
- LG Electronics Inc.
- Robert Bosch GmbH
- Siemens AG
- Haier Group Corporation
- Whirlpool Corporation
- Miele Cie. KG
- Electrolux AB
- GE Appliances
- Panasonic Corporation
- Toshiba Corporation
- Hitachi, Ltd.
- BSH Hausgeräte GmbH
- Godrej Group
- Hisense Group
Key Trends of Commercial Connected Home Appliances Market
- Voice Control and Virtual Assistants: Voice-activated technologies, such as Amazon Alexa, Google Assistant, and Apple Siri, have gained popularity in connected home appliances. Users can give voice commands to control various appliances, such as turning on/off lights, adjusting thermostats, or starting kitchen appliances. Virtual assistants also offer additional functionalities, like setting timers, answering questions, and providing personalized recommendations.
- Energy Efficiency and Sustainability: With a growing emphasis on environmental conservation, connected home appliances are becoming more energy-efficient. They incorporate features like smart thermostats that optimize energy consumption, smart lighting systems that adjust brightness based on natural light, and smart appliances that can operate during off-peak hours. These energy-saving capabilities help reduce electricity consumption and lower utility bills.
- Data Analytics and Personalization: Connected home appliances generate a wealth of data that can be analyzed to provide personalized experiences. Manufacturers and service providers can use this data to understand user preferences, usage patterns, and energy consumption habits. With this information, they can offer tailored recommendations, energy-saving tips, and predictive maintenance alerts to improve user satisfaction and optimize appliance performance.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019–2032)
- Refrigerators
- Washing Machines
- Dishwashers
- Air Conditioners
- Cookers
- Others
Technology Outlook (Revenue, USD Billion; 2019–2032)
- Bluetooth
- NFC
- Z-Wave
- Zigbee
- Wi-Fi
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Residential
- Commercial
Key Takeaways of the Global Commercial Connected Home Appliances Market Report:
- A comprehensive overview of the global Connected Home Appliances industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Commercial Connected Home Appliances Market.
- Elaborate study of the leading regional markets in the global Commercial Connected Home Appliances Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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