The Europe Smart Home Appliances Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
Mealtime is significantly less labor-intensive with smart equipment. Smart home appliances enable users to scan the barcode on any food items to download recipes and cooking instructions. Voice commands can also be utilized by the user in order to manage smart appliances and monitor activities within the home. Smart kitchen appliances allow the user to operate and adjust microwave as well as induction stoves through voice commands. Owing to this it becomes very easy to do multiple tasks in the kitchen simultaneously. Moreover, a person with lesser knowledge of technology can also operate smart kitchen appliances through voice commands. Therefore, smart home appliances are witnessing increasing adoption all over the world.
By continuing to run when energy prices are highest, consumers of smart connected appliances will be able to pay less for electricity. This energy-saving benefit for smart cities is achieved by reducing grid stress. Additionally, customers can receive service notifications by monitoring energy decoration, potentially preventing malfunctions and expensive repairs. This technology is made possible by metrology, control, and wireless communication.
Europe is taking a number of initiatives to increase the region's energy efficiency. Due to the region's high energy demand, governments and citizens throughout Europe are focusing on energy conservation. The transition to a resource-efficient economy and the EU's Europe 2020 Strategy for sustainable, intelligent, and fair growth are both based on energy efficiency. One of the most economical ways to increase energy supply security, minimize greenhouse gas emissions, and lower other pollution emissions is through energy efficiency.
The Germany market dominated the Europe Smart Home Appliances Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,260.5 million by 2028.The UK market is anticipated to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.1% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Smart Washing Machines, Smart Air Purifiers, Smart Refrigerators, Smart TV and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Home Appliances Market will Hit $49.9 Billion by 2028, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Robert Bosch GmbH, LG Electronics, Inc. (LG Corporation), Whirlpool Corporation, Electrolux AB, Haier Smart Home Co., Ltd., Koninklijke Philips N.V., and Miele & Cie. KG.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Product
- Smart Washing Machines
- Smart Air Purifiers
- Smart Refrigerators
- Smart TV
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Robert Bosch GmbH
- LG Electronics, Inc. (LG Corporation)
- Whirlpool Corporation
- Electrolux AB
- Haier Smart Home Co., Ltd.
- Koninklijke Philips N.V.
- Miele & Cie. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Home Appliances Market, by Distribution Channel
1.4.2 Europe Smart Home Appliances Market, by Product
1.4.3 Europe Smart Home Appliances Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Aug – 2022, Jul) Leading Players
Chapter 4. Europe Smart Home Appliances Market by Distribution Channel
4.1 Europe Offline Market by Country
4.2 Europe Online Market by Country
Chapter 5. Europe Smart Home Appliances Market by Product
5.1 Europe Smart Washing Machines Market by Country
5.2 Europe Smart Air Purifiers Market by Country
5.3 Europe Smart Refrigerators Market by Country
5.4 Europe Smart TV Market by Country
5.5 Europe Others Market by Country
Chapter 6. Europe Smart Home Appliances Market by Country
6.1 Germany Smart Home Appliances Market
6.1.1 Germany Smart Home Appliances Market by Distribution Channel
6.1.2 Germany Smart Home Appliances Market by Product
6.2 UK Smart Home Appliances Market
6.2.1 UK Smart Home Appliances Market by Distribution Channel
6.2.2 UK Smart Home Appliances Market by Product
6.3 France Smart Home Appliances Market
6.3.1 France Smart Home Appliances Market by Distribution Channel
6.3.2 France Smart Home Appliances Market by Product
6.4 Russia Smart Home Appliances Market
6.4.1 Russia Smart Home Appliances Market by Distribution Channel
6.4.2 Russia Smart Home Appliances Market by Product
6.5 Spain Smart Home Appliances Market
6.5.1 Spain Smart Home Appliances Market by Distribution Channel
6.5.2 Spain Smart Home Appliances Market by Product
6.6 Italy Smart Home Appliances Market
6.6.1 Italy Smart Home Appliances Market by Distribution Channel
6.6.2 Italy Smart Home Appliances Market by Product
6.7 Rest of Europe Smart Home Appliances Market
6.7.1 Rest of Europe Smart Home Appliances Market by Distribution Channel
6.7.2 Rest of Europe Smart Home Appliances Market by Product
Chapter 7. Company Profiles
7.1 Apple, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Panasonic Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Samsung Electronics Co., Ltd. (Samsung Group)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Robert Bosch GmbH (BSH Home Appliances Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations and Agreements:
7.4.6 SWOT Analysis
7.5 LG Electronics, Inc. (LG Corporation)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Whirlpool Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.6 SWOT Analysis
7.7 Haier Smart Home Co., Ltd. (Haier Group Corporation)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Electrolux AB
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 Koninklijke Philips N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.10. Miele & Cie. KG
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Geographical Expansions:
TABLE 1 Europe Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Appliances Market
TABLE 4 Product Launches And Product Expansions– Smart Home Appliances Market
TABLE 5 Acquisition and Mergers– Smart Home Appliances Market
TABLE 6 Geographical Expansions – Smart home Appliances Market
TABLE 7 Europe Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 8 Europe Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 9 Europe Offline Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Offline Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Online Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Online Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 14 Europe Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 15 Europe Smart Washing Machines Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Smart Washing Machines Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Smart Air Purifiers Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Smart Air Purifiers Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Smart Refrigerators Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Smart Refrigerators Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Smart TV Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Smart TV Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Smart Home Appliances Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Smart Home Appliances Market by Country, 2022 - 2028, USD Million
TABLE 27 Germany Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 28 Germany Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 29 Germany Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 Germany Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 Germany Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 32 Germany Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 33 UK Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 34 UK Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 35 UK Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 UK Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 UK Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 38 UK Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 39 France Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 40 France Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 41 France Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 42 France Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 43 France Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 44 France Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 45 Russia Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 46 Russia Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 47 Russia Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Russia Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Russia Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 50 Russia Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 51 Spain Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 52 Spain Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 53 Spain Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Spain Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Spain Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 56 Spain Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 57 Italy Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 58 Italy Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 59 Italy Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 Italy Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 Italy Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 62 Italy Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 63 Rest of Europe Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 64 Rest of Europe Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 65 Rest of Europe Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 66 Rest of Europe Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 67 Rest of Europe Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 68 Rest of Europe Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 69 Key Information – Apple, Inc.
TABLE 70 Key Information – Panasonic Corporation
TABLE 71 Key Information – Samsung Electronics Co., Ltd.
TABLE 72 key information – Robert Bosch GmbH
TABLE 73 Key information – LG Electronics, Inc.
TABLE 74 Key information – Whirlpool Corporation
TABLE 75 key information – Haier Smart Home Co., Ltd.
TABLE 76 Key Information – Electrolux AB
TABLE 77 Key Information – Koninklijke Philips N.V.
TABLE 78 Key Information – Miele & Cie. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2019, Aug – 2022, Jul) Leading Players
FIG 6 Recent strategies and developments: Apple, Inc.
FIG 7 SWOT Analysis: apple, Inc.
FIG 8 Recent strategies and developments: Panasonic Corporation
FIG 9 SWOT Analysis: Panasonic Corporation
FIG 10 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 11 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 12 Swot analysis: Robert bosch gmbh
FIG 13 Recent strategies and developments: LG Electronics Inc.
FIG 14 Swot analysis: LG Corporation
FIG 15 Recent strategies and developments: Whirlpool Corporation
FIG 16 SWOT ANALYSIS: whirlpool corporation
FIG 17 Recent strategies and developments: Electrolux AB