Europe Smart Home Appliances Market Dynamics and Trends by 2027

Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027

Europe Smart Home Appliances Market to 2027 - Regional Analysis and Forecasts by Product (Appliances, Energy & Lighting, Security Measures, and Health & Fitness); Technology (Bluetooth, Wi-Fi, Zigbee, Z-Wave, and NFC); and End-User (Commercial and Residential)

Report Date : Mar 2019
Report Code : TIPRE00003510

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 209

Page Updated: Jan 2023

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

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

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Europe Smart Home Appliances Market: Strategic Insights

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

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 The 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

Report Attribute	Details
Market size in 2018	US$ 4.08 Billion
Market Size by 2027	US$ 12.94 Billion
Global CAGR (2019 - 2027)	13.9%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Product Appliances Energy & Lighting Security Measures Health & Fitness By Technology Bluetooth Wi-Fi Zigbee Z-Wave NFC By End-User Commercial and Residential
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key 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.

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

The Europe Smart Home Appliances 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.

europe-smart-home-appliances-market-cagr

Get the Europe Smart Home Appliances Market top key players overview

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Smart Home Appliances Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy