Europe Smart Home Appliances Market to Reach US$ 12941.5 Mn at CAGR of 13.9% in 2027 | The Insight Partners
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
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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
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Europe Smart Home Appliances Market: Strategic Insights
Market Size Value in US$ 4.08 Billion in 2018 Market Size Value by US$ 12.94 Billion by 2027 Growth rate CAGR of 13.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Europe Smart Home Appliances Market: Strategic Insights
| Market Size Value in | US$ 4.08 Billion in 2018 |
| Market Size Value by | US$ 12.94 Billion by 2027 |
| Growth rate | CAGR of 13.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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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 OthersEurope Smart Home Appliances Market – By Technology
• Bluetooth• Wi-Fi• Zigbee• Z-Wave• NFCEurope Smart Home Appliances Market – By End-user
• Commercial• ResidentialEurope Smart Home Appliances Market – By Country
• Germany• UK• France• Italy• Spain• Rest of EuropeCompany 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Technology, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
PART 1. iNTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
PART 2. Key takeaways
PART 3. europe Smart Home Appliances market Landscape
3.1 market overview
3.2 Market segmentation
3.2.1 Europe Smart Home Appliances Market – By Product
3.2.2 Europe Smart Home Appliances Market – By Technology
3.2.3 Europe Smart Home Appliances Market – By End-user
3.2.4 Europe Smart Home Appliances Market – By Country
3.3 Europe Pest analysis
PART 4. Europe Smart Home Appliances market – key industry dynamics
4.1 key market drivers
4.1.1 Energy efficiency and energy savings offered by intelligent smart home appliances
4.1.2 Increasing demand of smart features in household appliances by European consumers
4.1.3 Favorable strategies driving the growth of smart home appliances in Europe
4.2 Key market restraints
4.2.1 Data and Privacy concerns among consumers
4.2.2 Standardization and Interoperability issues with current smart home appliances
4.3 key market opportunities
4.3.1 Smart Homes, Smart Cities and Connected communities by 2025
4.4 Future trends
4.4.1 Growth in Smart home appliances- With Investments in Internet of Things (IoT)
4.4.2 Consumer wearables and smart home appliances
4.5 impact analysis of Drivers and restraints
PART 5. Smart Home Appliances market – Europe analysis
5.1 Europe Smart Home Appliances Market Overview
5.2 Europe Smart Home Appliances Market Forecast and Analysis (US$ Mn)
PART 6. Europe Smart Home Appliances market revenue and forecasts to 2027 – product
6.1 Overview
6.2 Europe Smart Home Appliances Market Breakdown, By product, 2018 & 2027
6.3 Appliances
6.3.1 Overview
6.3.2 Europe Smart Home Appliances Market, By Appliances Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.1 Europe Smart Air-Conditioners Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.2 Europe Smart Fridge Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.3 Europe Smart Washing Machine Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.4 Europe Smart Dishwasher Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.5 Europe Smart Ovens Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.6 Europe Robot Vacuum Cleaner Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.7 Europe Smart Coffee Machine Market Revenue and Forecasts to 2027 (US$ Mn)
6.3.2.8 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
6.4 Energy & Lighting
6.4.1 Overview
6.4.2 Europe Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.1 Europe Smart Light Bulbs & Lighting Systems Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.2 Europe Smart Thermostats Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.3 Europe Smart Boiler Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.2.4 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 Security Measures
6.5.1 Overview
6.5.2 Europe Smart Home Appliances Market, By Security Measures Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.1 Europe Smart Cameras & Monitoring Systems Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.2 Europe Smart Lock & Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.3 Europe Smart Alarms Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.2.4 Europe Smart Detectors Market Revenue and Forecasts to 2027 (US$ Mn)
6.6 Health & Fitness
6.6.1 Overview
6.6.2 Europe Smart Home Appliances Market, By Health & Fitness Market Revenue and Forecasts to 2027 (US$ Mn)
6.6.2.1 Europe Smart Blood Pressure Monitors Market Revenue and Forecasts to 2027 (US$ Mn)
6.6.2.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
PART 7. Europe Smart Home Appliances market revenue and forecasts to 2027 – technology
7.1 Overview
7.2 Europe Smart Home Appliances Market Breakdown, By technology, 2018 & 2027
7.3 Bluetooth
7.3.1 Overview
7.3.2 Europe Smart Home Appliances Market, By Bluetooth Revenue and Forecasts to 2027 (US$ Mn)
7.4 Wi-Fi
7.4.1 Overview
7.4.2 Europe Smart Home Appliances Market, By Wi-Fi Revenue and Forecasts to 2027 (US$ Mn)
7.5 Zigbee
7.5.1 Overview
7.5.2 Europe Smart Home Appliances Market, By Zigbee Revenue and Forecasts to 2027 (US$ Mn)
7.6 Z-Wave
7.6.1 Overview
7.6.2 Europe Smart Home Appliances Market, By Z-Wave Revenue and Forecasts to 2027 (US$ Mn)
7.7 NFC
7.7.1 Overview
7.7.2 Europe Smart Home Appliances Market, By NFC Revenue and Forecasts to 2027 (US$ Mn)
PART 8. Europe Smart Home Appliances market revenue and forecasts to 2027 – End-user
8.1 Overview
8.2 Europe Smart Home Appliances Market Breakdown, By End-user, 2018 & 2027
8.3 Commercial
8.3.1 Overview
8.3.2 Europe Smart Home Appliances Market, By Commercial Revenue and Forecasts to 2027 (US$ Mn)
8.4 Residential
8.4.1 Overview
8.4.2 Europe Smart Home Appliances Market, By Residential Revenue and Forecasts to 2027 (US$ Mn)
PART 9. Smart Home Appliances market – Country Analysis
9.1 Overview
9.1.1 Europe Smart Home Appliances Market Breakdown by Key Countries
9.1.1.1 Germany Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.2 UK Smart Home Appliances Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3 France Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.4 Italy Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.5 Spain Smart Home Appliances Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6 Rest of Europe Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
PART 10. Industry Landscape
10.1 Market Initiative
10.2 New Development
10.3 investment Scenarios
10.4 Market Positioning – Top 5 Players Ranking
PART 11. Smart Home Appliances, Key Company Profiles
11.1 AB Electrolux
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amazon.com, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BSH Hausgerate GmbH (bosch group)
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Alphabet Inc. (Google)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Qingdao Haier Co., Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 LG Electronics inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 panasonic corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Koninklijke Philips N.V.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 Samsung electronics Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Whirlpool Corporation
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
PART 12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
LIST OF TABLES
TABLE 1. Europe Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. Europe Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 3. Europe Smart Home Appliances Market, By Appliances Revenue and Forecasts to 2027 (US$ Mn)
TABLE 4. Europe Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 5. Europe Smart Home Appliances Market, By Security Measures Revenue and Forecasts to 2027 (US$ Mn)
TABLE 6. Europe Smart Home Appliances Market, By Security Measures Revenue and Forecasts to 2027 (US$ Mn)
TABLE 7. Europe Smart Home Appliances Market, By technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 8. Europe Smart Home Appliances Market, By End-user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 9. Europe Smart Home Appliances Market, By country Revenue and Forecasts to 2027 (US$ Mn)
TABLE 10. Germany Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 11. Germany Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 12. Germany Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 13. Germany Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 14. Germany Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 15. Germany Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 16. Germany Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 17. uk Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 18. uk Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 19. uk Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 20. uk Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 21. uk Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 22. uk Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 23. uk Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 24. france Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 25. france Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 26. france Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 27. france Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 28. france Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 29. france Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 30. france Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 31. italy Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 32. italy Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 33. italy Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 34. italy Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 35. italy Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 36. italy Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 37. italy Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 38. spain Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 39. spain Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 40. spain Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 41. spain Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 42. spain Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 43. spain Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 44. spain Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 45. Rest of Europe Smart Home Appliances Market, By product Revenue and Forecasts to 2027 (US$ Mn)
TABLE 46. Rest of Europe Smart Home Appliances Market, By appliance Revenue and Forecasts to 2027 (US$ Mn)
TABLE 47. Rest of Europe Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
TABLE 48. Rest of Europe Smart Home Appliances Market, By Security Measure Revenue and Forecasts to 2027 (US$ Mn)
TABLE 49. Rest of Europe Smart Home Appliances Market, By Health & Fitness Revenue and Forecasts to 2027 (US$ Mn)
TABLE 50. Rest of Europe Smart Home Appliances Market, By Technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 51. Rest of Europe Smart Home Appliances Market, By end user Revenue and Forecasts to 2027 (US$ Mn)
TABLE 52. Glossary of Term: Smart Home Appliances Market
LIST OF FIGURES
FIGURE 1. Europe Smart Home Appliances Market, By Security Measures 2018 & 2027 (in US$ Mn)
FIGURE 2. Europe Smart Home Appliances market segmentation
FIGURE 3. Europe Smart Home Appliances market segmentation – bY cOUNTRY
FIGURE 4. Europe – pest analysis
FIGURE 5. Europe Smart Home Appliances Market Impact Analysis of Driver and Restraints
FIGURE 6. Europe Smart Home Appliances Market Forecast and Analysis, US$ Mn, 2018 - 2027
FIGURE 7. Europe Smart Home Appliances Market Breakdown, By product, 2018 & 2027 (%)
FIGURE 8. Europe Smart Home Appliances Market, By appliances Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 9. Europe Smart Home Appliances Market Breakdown, By Appliances, 2018 & 2027 (%)
FIGURE 10. Europe Smart Home Appliances Market, By Smart Air-Conditioners rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 11. Europe Smart Home Appliances Market, By Smart Fridge rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 12. Europe Smart Home Appliances Market, By Smart Washing Machine rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 13. Europe Smart Home Appliances Market, By Smart Dishwasher rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 14. Europe Smart Home Appliances Market, By Smart Ovens rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 15. Europe Smart Home Appliances Market, By Robot Vacuum Cleaner rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 16. Europe Smart Home Appliances Market, By Smart Coffee Machine rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 17. Europe Smart Home Appliances Market, By others rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 18. Europe Smart Home Appliances Market, By Energy & Lighting Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19. Europe Smart Home Appliances Market Breakdown, By Energy & Lighting, 2018 & 2027 (%)
FIGURE 20. Europe Smart Home Appliances Market, By Smart Light Bulbs & Lighting Systems rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 21. Europe Smart Home Appliances Market, By Smart Thermostats rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 22. Europe Smart Home Appliances Market, By Smart Boiler rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 23. Europe Smart Home Appliances Market, By OTHERS rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 24. Europe Smart Home Appliances Market, By Security Measures Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 25. Europe Smart Home Appliances Market Breakdown, By Security Measures, 2018 & 2027 (%)
FIGURE 26. Europe Smart Home Appliances Market, By Smart Cameras & Monitoring Systems rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 27. Europe Smart Home Appliances Market, By Smart Lock & Sensor rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 28. Europe Smart Home Appliances Market, By Smart Alarms rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 29. Europe Smart Home Appliances Market, By Smart Detectors rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 30. Europe Smart Home Appliances Market, By Health & Fitness Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 31. Europe Smart Home Appliances Market Breakdown, By Health & Fitness, 2018 & 2027 (%)
FIGURE 32. Europe Smart Home Appliances Market, By SMART BLOOD PRESSURE MONITORS rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 33. Europe Smart Home Appliances Market, By others rEVENUE AND fORECASTS TO 2027 (us$ mN)
FIGURE 34. Europe Smart Home Appliances Market Breakdown, By technology, 2018 & 2027 (%)
FIGURE 35. Europe Smart Home Appliances Market, By Bluetooth Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 36. Europe Smart Home Appliances Market, By Wi-Fi Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 37. Europe Smart Home Appliances Market, By Zigbee Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 38. Europe Smart Home Appliances Market, By Z-Wave Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 39. Europe Smart Home Appliances Market, By NFC Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 40. Europe Smart Home Appliances Market Breakdown, By End-user, 2018 & 2027 (%)
FIGURE 41. Europe Smart Home Appliances Market, By Commercial Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 42. Europe Smart Home Appliances Market, By Residential Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 43. Europe Smart Home Appliances Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 44. Germany Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 45. UK Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 46. France Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 47. Italy Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 48. Spain Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 49. Rest of Europe Smart Home Appliances Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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