According to the forecast, the market for connected home appliances was worth USD 33.27 billion in 2022 and is anticipated to experience a rapid compound annual growth rate (CAGR) of 8% during the forecast period.
The market's revenue growth is propelled by various factors, including technological advancements, a growing demand for smart homes and appliances that are convenient and energy-efficient, and an increasing acceptance of the Internet of Things (IoT). Moreover, the market is expected to experience revenue growth as more consumers adopt connected home appliances due to the rising availability of high-speed internet access and declining prices of smart home gadgets.
To get a sample copy of the report, click on @ https://www.reportsanddata.com/sample-enquiry-form/5933
Top Profiled Companies in the Global Commercial Connected Home Appliances Market Report:
- 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
Some of the major restraints:
- High cost: The initial cost of purchasing connected home appliances is relatively higher than that of traditional appliances, which may limit the adoption of these appliances by cost-sensitive consumers.
- Cybersecurity concerns: The increasing interconnectivity of connected home appliances raises concerns about cybersecurity threats and data privacy, which may discourage some consumers from adopting these appliances.
- Compatibility issues: Different connected home appliances may use different communication protocols, making it challenging to integrate and manage these appliances effectively.
- Lack of standardization: There is currently no industry-wide standardization for connected home appliances, leading to compatibility issues and interoperability challenges.
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)
Click here to know more about the report @ https://www.reportsanddata.com/report-detail/connected-home-appliances-market
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.
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/5933
Thanks for reading our report. Please connect with us in case you require further details on the report or its customization. Our market research team will ensure the report is well-suited to your needs.
Browse More Research Reports
https://sitereport.netcraft.com/?url=https://www.reportsanddata.com/report-detail/citric-acid-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs