Global Smart Home Appliances Market Growth to 2027 - Smart Refrigerators Segment to Record 13.7% CAGR - ResearchAndMarkets.com

·3 min read

DUBLIN, June 23, 2021--(BUSINESS WIRE)--The "Smart Home Appliances - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Smart Home Appliances estimated at US$28.6 Billion in the year 2020, is projected to reach a revised size of US$78.7 Billion by 2027, growing at a CAGR of 15.6% over the analysis period 2020-2027.

Smart Air Conditioners, one of the segments analyzed in the report, is projected to record a 16.5% CAGR and reach US$55.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Washing Machines & Dryers segment is readjusted to a revised 15.1% CAGR for the next 7-year period.

The Smart Home Appliances market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$13.6 Billion by the year 2027 trailing a CAGR of 14.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

In the global Smart Refrigerators segment, USA, Canada, Japan, China and Europe will drive the 13.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion in the year 2020 will reach a projected size of US$5.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.4 Billion by the year 2027.

Select Competitors (Total 34 Featured):

  • BSH

  • Ecovacs

  • Electrolux

  • GE

  • Haier

  • Hisense

  • IRobot

  • LG

  • Midea

  • Miele & Cie

  • Neato

  • Panasonic

  • Philips

  • Samsung

  • Whirlpool

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/u3kpbw

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210623005669/en/

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