The North America Smart Home Appliances Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).
Nearly two-thirds of the energy used by buildings is from domestic appliances. Industrial appliances can consume a lot of energy. The integration of devices from many vendors or vertical industrial sectors would allow for the development of intelligent, networked smart gadgets that will build integrated energy-consuming, energy-producing, and energy-management systems in the home and workplace. It is essential that all of these connected appliances be able to interact both with each other as well as with the service platforms.
Open interfaces are needed for this. The availability of a standardized solution and associated test suites would be the fundamental facilitator of the Internet of Things, and interoperability is thus a crucial component in developing an IoT ecosystem. Heating, ventilation, and air conditioning systems, as well as storage systems, are examples of smart appliances. Combining appliances from several suppliers is necessary for such systems to be both technically and commercially viable, as well as broadly adopted.
The regional population's disposable income is rising rapidly. According to the Bureau of Energy Analysis, personal disposable income grew by 5.6% despite a 1.1% increase in income, primarily as a result of an increase in transfer payments. Transfer payments surged by 32.7% and by an additional 5.4% in 2021 owing to government stimulus funds provided during the pandemic. Consumer expenditure climbed by $32.7 billion, or 0.2%, while personal income increased by $113.4 billion, or 0.5%, per month in 2021.
The US market dominated the North America Smart Home Appliances Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,365.8 million by 2028.The Canada market is poised to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Home Appliances Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Home Appliances Market, by Distribution Channel
1.4.2 North America Smart Home Appliances Market, by Product
1.4.3 North America Smart Home Appliances Market, by Country
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. North America Smart Home Appliances Market by Distribution Channel
4.1 North America Offline Market by Country
4.2 North America Online Market by Country
Chapter 5. North America Smart Home Appliances Market by Product
5.1 North America Smart Washing Machines Market by Country
5.2 North America Smart Air Purifiers Market by Country
5.3 North America Smart Refrigerators Market by Country
5.4 North America Smart TV Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Smart Home Appliances Market by Country
6.1 US Smart Home Appliances Market
6.1.1 US Smart Home Appliances Market by Distribution Channel
6.1.2 US Smart Home Appliances Market by Product
6.2 Canada Smart Home Appliances Market
6.2.1 Canada Smart Home Appliances Market by Distribution Channel
6.2.2 Canada Smart Home Appliances Market by Product
6.3 Mexico Smart Home Appliances Market
6.3.1 Mexico Smart Home Appliances Market by Distribution Channel
6.3.2 Mexico Smart Home Appliances Market by Product
6.4 Rest of North America Smart Home Appliances Market
6.4.1 Rest of North America Smart Home Appliances Market by Distribution Channel
6.4.2 Rest of North America 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 North America Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 8 North America Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 9 North America Offline Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Offline Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 14 North America Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 15 North America Smart Washing Machines Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Smart Washing Machines Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Smart Air Purifiers Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Smart Air Purifiers Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Smart Refrigerators Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Smart Refrigerators Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Smart TV Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Smart TV Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Smart Home Appliances Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Smart Home Appliances Market by Country, 2022 - 2028, USD Million
TABLE 27 US Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 28 US Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 29 US Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 US Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 US Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 32 US Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 33 Canada Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 34 Canada Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 35 Canada Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 Canada Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 Canada Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 38 Canada Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 39 Mexico Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 40 Mexico Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 41 Mexico Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 42 Mexico Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 43 Mexico Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 44 Mexico Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 45 Rest of North America Smart Home Appliances Market, 2018 - 2021, USD Million
TABLE 46 Rest of North America Smart Home Appliances Market, 2022 - 2028, USD Million
TABLE 47 Rest of North America Smart Home Appliances Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Rest of North America Smart Home Appliances Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Rest of North America Smart Home Appliances Market by Product, 2018 - 2021, USD Million
TABLE 50 Rest of North America Smart Home Appliances Market by Product, 2022 - 2028, USD Million
TABLE 51 Key Information – Apple, Inc.
TABLE 52 Key Information – Panasonic Corporation
TABLE 53 Key Information – Samsung Electronics Co., Ltd.
TABLE 54 key information – Robert Bosch GmbH
TABLE 55 Key information – LG Electronics, Inc.
TABLE 56 Key information – Whirlpool Corporation
TABLE 57 key information – Haier Smart Home Co., Ltd.
TABLE 58 Key Information – Electrolux AB
TABLE 59 Key Information – Koninklijke Philips N.V.
TABLE 60 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