Dublin, Sept. 22, 2020 (GLOBE NEWSWIRE) — The “Smart Home Appliances Market Size, Share & Trends Analysis Report by Product (Washing Machines, Refrigerators, TVs, Air Purifiers), by Distribution Channel (Online, Offline), by Region, and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, expanding at a CAGR of 14.1% from 2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).
Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth,