Europe Smart Home Appliances Market Expected to grow at a CAGR of 13.9% by 2027


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The Europe smart home appliances market was 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.


Europe Smart Home Appliances Market was 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. Factors such as to rising need for energy-efficient appliances, and demand for comfort coupled with high spending capability of end-users is driving the market growth.

Further, the some other key diving factors behind fast adoption and growth rate of smart home appliances in the European market includes universal access to high speed internet, introduction of smart meters, Energy efficiency and energy savings, and favorable EU policies to support digital economy in Europe. Another important reason behind rising demand of smart home appliances is tech savvy young generation in Europe. Young people find more value in the concept of smart homes and connected devices mainly because of the convenience that these devices offer.

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Some of the most common household goods which have potential to ret converted into smart home appliances include refrigerators, air conditioners, dishwashers, ovens, stoves, washing machines, dryers, heating systems and others. These smart appliances have a huge growth potential especially in major European markets including Belgium, France, Ireland, the UK, Austria, Finland, Denmark, Germany, the Netherlands and Sweden.

New service providers including insurance and energy companies are also taking part in the market space. For instance, Aviva, an insurance provider in Europe partnered with Alarm, a platform provider for the connected property. The partnership is aimed at offering Alarm cloud-based smart home security and automation services to Aviva’s customers in Ireland. Further, Neos Smart Home Insurance and Roost. Neos now includes Roost smart home devices under its offering, providing policyholders with broader reaching capabilities to actively protecting their home using the Neos app on their smartphone.

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Companies Mentioned:

1. AB Electrolux
2. Amazon, Inc.
3. BSH Hausgerate GmbH
4. Google, Inc. (Alphabet, Inc.)
5. Qingdao Haier Co., Ltd.
6. LG Electronics Inc.
7. Panasonic Corporation
8. Koninklijke Philips
9. Samsung Electronics Co., Ltd.
10. Whirlpool Corp.

 Table of Contents:

1. INTRODUCTION

2. KEY TAKEAWAYS

3. EUROPE SMART HOME APPLIANCES MARKET LANDSCAPE

4. EUROPE SMART HOME APPLIANCES MARKET - KEY INDUSTRY DYNAMICS

 5. SMART HOME APPLIANCES MARKET - EUROPE ANALYSIS

6. EUROPE SMART HOME APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 - PRODUCT

7. EUROPE SMART HOME APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 - TECHNOLOGY

8. EUROPE SMART HOME APPLIANCES MARKET REVENUE AND FORECASTS TO 2027 - END-USER

9. SMART HOME APPLIANCES MARKET - COUNTRY ANALYSIS

10. INDUSTRY LANDSCAPE

11. SMART HOME APPLIANCES, KEY COMPANY PROFILES

12. APPENDIX

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Contact Info:
Name: Sameer Joshi
Email: sales@premiummarketinsights.com
Organization: Premium Market Insights
Phone: +1-646-491-9876

 

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