Europe Smart Home Appliances Market to Reach US$ 12941.5 Mn at CAGR of 13.9% in 2027

The Europe smart home appliances market valued at US$ 4.08 Bn in 2018 and is expected to grow at a CAGR of 13.9% during the forecast period 2019 - 2027, to generate US$ 12.94 Bn by 2027.

Smart home appliances present a great opportunity to reduce energy usage in residential buildings/households. Smart homes equipped with smart appliances are an integral part of smart grid development in any country. The demand for Europe smart home appliances market is expected to be driven by rising need for energy saving, increasing security concerns, and initiatives taken by government. Security concern is another factor fueling the growth of Europe smart home appliances market. However, standardization and Interoperability issues may hinder the Europe smart home appliances growth to certain extent.

Europe Security Measure Market, by Revenue, 2018

Market Insights

Favorable strategies driving the growth of smart home appliances in Europe

The European commission strategies such as Digital agenda, Digital Single Market for the growth of digital economy aim at giving better access of digital goods and services to consumers across Europe. These policies are driving the growth of digital economy in Europe which includes smart homes and smart home appliances. Efforts are being taken by Europe for ICT standardization which is an essential aspect to facilitate interoperability within the Digital Single Market. This will further push the development and deployment of advanced technologies like 5G, IoT, AI, cloud services, data driven services, smart transport, smart energy and smart home systems in Europe.

Product Insights

The Europe smart home appliances market by type was led by energy & lighting. Smart home appliances offer a great alternative to increase energy efficiency by monitoring energy usage of various smart appliances like smart light bulbs & lighting systems, smart thermostats, smart boiler and others. The smart appliances communicate with each other and also with energy control systems like smart meters to anticipate the energy peaks and lows. This interaction between smart devices and energy systems helps in observing and analyzing the energy usage pattern and with use of technologies like artificial intelligence the energy consumption can be optimized.

End-user Insights

The Europe smart home appliances market is segmented based on commercial and residential. Commercial buildings can also implement smart home technology for several benefits including, reduction of waste. Also, other commercial buildings may use data gathered and with information, they can improve control make decisions that impact the productivity as well as efficiency of their people, systems, as well as, work environments. Hospitality is one the major end-user of smart home appliances in the commercial segment of Europe smart home appliances market.

Europe Smart Home Appliances Market by Application 2018 & 2027

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Europe Smart Home Appliances Market: Strategic Insights

Europe Smart Home Appliances Market

• 
  CAGR (2019 - 2027)

  13.9%
• Market Size 2018
  US$ 4.08 Billion
• Market Size 2027
  US$ 12.94 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• AB Electrolux
• Amazon com Inc
• BSH Hausgerate GmbH
• Google Inc Alphabet Inc
• Qingdao Haier Co Ltd
• LG Electronics Inc
• Panasonic Corporation
• Koninklijke Philips
• Samsung Electronics Co Ltd

Regional Overview

• Europe

Market Segmentation

Product

• Appliances
• Energy & Lighting
• Security Measures
• Health & Fitness

Technology

• Bluetooth
• Wi-Fi
• Zigbee
• Z-Wave
• NFC

End-User

• Commercial and Residential

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

System integrators as well as electricians plays an essential part in automating homes in the European region. However, advancements in technologies in the home automation market are resulting in making homes smarter. New service providers including insurance and energy companies are also taking part in the market space.

2019: the U.K. developer Urban Splash announced that it is building a new set of smart homes that are set to arrive in Manchester later this year. The project, Mansion House is launched in partnership with the architecture firm Shedkm.

2018: Electrolux expanded its partnership with Google by integrating connected kitchen products in Europe with the Google Assistant.

2018: Vodafone España added a smart home offering to its all-in-one quad-play service spanning fibre, mobile and TV.

Europe Smart Home Appliances Market – By Product

•    Appliances

o   Smart Fridgeo   Smart Washing Machineo   Smart Dishwashero   Smart Ovenso   Robot Vacuum Cleanero   Smart Coffee Machineo   Others

•    Energy & Lighting

o   Smart Light Bulbs & Lighting Systemso   Smart Thermostatso   Smart Boilero   Others

•    Security Measures

o   Smart Cameras & Monitoring Systemso   Smart Lock & Sensoro   Smart Alarmso   Smart Detectors

•    Health & Fitness

o   Smart Blood Pressure Monitorso   Others

Europe Smart Home Appliances Market – By Technology

•   Bluetooth•   Wi-Fi•   Zigbee•   Z-Wave•   NFC

Europe Smart Home Appliances Market – By End-user

•   Commercial•   Residential

Europe Smart Home Appliances Market – By Country

•   Germany•   UK•   France•   Italy•   Spain•   Rest of Europe

Company Profiles

• AB Electrolux
• Amazon.com, Inc.
• BSH Hausgerate GmbH
• Google, Inc. (Alphabet, Inc.)
• Qingdao Haier Co., Ltd.
• LG Electronics Inc.
• Panasonic Corporation
• Koninklijke Philips
• Samsung Electronics Co., Ltd.
• Whirlpool Corp.

Europe Smart Home Appliances Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.