SAN FRANCISCO , July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Smart Appliances – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 2957
Companies: 12 – Players covered include BSH Hausgerate GmbH; Electrolux AB; General Electric Company; Koninklijke Philips NV; LG Electronics Inc.; Miele & CIE, KG; Panasonic Corporation; Qingdao Haier Co., Ltd.; Samsung Electronics Co., Ltd.; Whirlpool Corporation and Others.
Coverage: All major geographies and key segments
Segments: Segment (Smart Home Appliances, Smart Kitchen Appliances); Technology (Wi-Fi, Bluetooth, NFC (Near Field Communication))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Smart Appliances Market to Reach $57.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Appliances estimated at US$25.9 Billion, is projected to reach a revised size of US$57.7 Billion by 2026, growing at a CAGR of 14.1% over the analysis period. Smart Home Appliances, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$54.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Kitchen Appliances segment is readjusted to a revised 16.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.9 Billion in 2021, While China is Forecast to Reach $10.1 Billion by 2026
The Smart Appliances market in the U.S. is estimated at US$8.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2026 trailing a CAGR of 13.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 12.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
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