Europe Smart Home Appliances Market Dynamics and Trends by 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

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Europe Smart Home Appliances Market: Strategic Insights

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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   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.

Report Scope

Europe Smart Home Appliances Market Regional Insights

The regional trends and factors influencing the Europe Smart Home Appliances Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Europe Smart Home Appliances Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Europe Smart Home Appliances Market Report Scope

Europe Smart Home Appliances Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Smart Home Appliances Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Europe Smart Home Appliances Market are:

1. AB Electrolux
2. Amazon.com, Inc.
3. BSH Hausgerate GmbH
4. Google, Inc. (Alphabet, Inc.)
5. Qingdao Haier Co., Ltd.

Disclaimer: The companies listed above are not ranked in any particular order.