DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Home Appliances Market - Segmented By Product, Distribution Channel, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global home appliances market was valued at USD 174.07 billion in 2017 and is projected to reach a value of USD 203.37 billion by the end of 2023, at a CAGR of 2.6% over the forecast period 2018-2023.

Use of connectivity as a differentiating feature by manufacturers, for example wireless technologies like Wi-Fi, Bluetooth, and ZigBee can be used in or accessed by smartphones and tablets. But the inclusion of these technologies in home appliances is a means of product differentiation by manufacturers, that is enticing tech-savvy consumers. The improvement in network infrastructure has translated into better broadband and internet penetration.

Only a few vendors like LG Electronics and Samsung Electronics have paved their way into the smart connected refrigerator space, with product offerings largely targeted at the developed markets. Also, the provision of smart connection in a refrigerator is more of an addition in terms of feature and not a breakthrough technology in mechanics.

The smart appliances market in Asia-Pacific is expected to grow at a rapid rate. Developed countries like Japan, Singapore, Hong Kong, and Indonesia are expected to register an increase in the sales of smart appliances, mostly owing to the rising energy and labor costs, high purchasing power of consumers, and greater awareness about smart cities and smart integrated appliances.

Companies Mentioned

BSH Hausgerte GmbH Conair Corporation De'Longhi S.p.A Electrolux AB Haier Electronics Newell Brands V-Zug AG Joyoung Co.,Ltd Kppersbusch Hausgerte GmbH LG Electronics GD Midea Holding Co. Ltd Panasonic Corporation

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Home Appliances Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Outlook of Home Appliances Market

For more information about this report visit https://www.researchandmarkets.com/research/cq99xn/global_home?w=4

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Related Topics:Household Appliances

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HOME GOODS MOBILE/WIRELESS RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/17/2018 06:31 AM/DISC: 05/17/2018 06:31 AM

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