INDUSTRY REPORT
Connectivity has emerged as a high-end novelty across a wide range of home devices
“ The outbreak of COVID-19 has positively impacted the overall growth of the small domestic appliances market . During lockdown periods , people were choosing to replace their old appliances with smart and advanced appliances . Furthermore , due to the increased number of COVID-19 cases , hospitals ; clinics ; railway stations and airports were given top priority for cleaning and hygiene ,” said the report .
The market is segmented into cooking / baking and heating appliances ; kitchen appliances ; personal and animal care ; textile handling appliances ; cleaning appliances ; air-treatment appliances and others . “ Europe gained a significant share in the global small domestic appliances market in 2020 and is expected to sustain its share during the forecast period . A considerable growth rate is anticipated for new , advanced and smart residential and commercial appliances for the residential and commercial segment . In addition , there has been a huge increase in demand from major European countries such as France , Spain , the UK and Russia ,” continued the report .
“ The increasing preference for hassle-free lifestyles and the growing industrial application of air purifiers ; vacuum cleaners and dishwashers are supporting the growth of small domestic appliances in the region . Product innovation and quick adoption for technologically advanced appliances are further adding to the growth of the small domestic appliances market in Europe ,” it added .
and other electrical appliances on and off , according to their requirements .
The use of data analytics software and solutions , along with home automation systems , helps homeowners to determine if the electric equipment in the home is operating efficiently and achieving the targeted energy usage goals . This enables residents to identify the areas that require improvement and energy efficiency upgrades . The improved features and convenience of monitoring homes from remote locations are expected to boost the growth of the smart home market in the coming years .
The global smart homes market is highly competitive and consists of several major players . In terms of market share , a few of the major players currently dominate the market . The market appears to be moderately fragmented .
Based on type , the smart home appliance is expected to be the most lucrative segment . The availability of wireless solutions ( that have enabled smart appliances to link wirelessly with smartphones and tablets via the Internet or Bluetooth ) as well as wireless connectivity have propelled market expansion . The ability to handle smart home appliances remotely has reduced energy usage and reduced the cost and time necessary for chores . The demand for home appliances is expected to rise in the near future as a result of these advantages .
“ Home automation and smart homes are two ambiguous terms used in reference to a wide range of monitoring solutions , controlling and automating functions in a home . Unlike simple home automation solutions ( which could range from motor-operated garage doors to automated security systems ), smart home systems require a web portal or a smartphone application as a user interface to interact with an automated system ,” commented analyst , Mordor Intelligence .
“ Globally , the increasing importance of the need to counter security issues is anticipated to fuel the demand for smart and connected homes . Moreover , innovative wireless technologies , including security and access regulators , entertainment controls and HVAC controllers , are expected to foster market growth ,” it added .
The smart home
Smart homes not only perform basic functions , such as turning off or dimming lights and closing curtains , but are also capable of performing complex functions such as automatically lighting up exit routes in the event of a fire alarm . Connectivity has emerged as a high-end novelty across a wide range of home devices ( including security cameras , utility meters and thermostats ). In the coming years , connectivity is likely to become a more pervasive trend to the extent of being an embedded standard in every household device and equipment virtually .
With access to home products from remote locations , users can switch off the lights of their house if left on . They can also keep a watch on any activity taking place within the house through video surveillance systems . Smart locks allow end users to receive notifications regarding any abnormal activity in or around the house . Homeowners can also remotely set the temperature of the room as well as switch the HVAC
26 | sheetmetalplus . com | ISMR April 2022