Europe Smart Home Appliances Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Product (Smart Washing Machines, Smart Air Purifiers, Smart Refrigerators, Smart TV), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
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
- Smart Washing Machines
- Smart Air Purifiers
- Smart Refrigerators
- Smart TV
- 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
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