Market Share of Smart Home Appliances Industry
The market for smart home appliances is saturated. Mid-size and smaller businesses are expanding their market presence by gaining new contracts and tapping new markets due to technological improvements and product innovations. The following are a few significant market developments:
- October 2021 - Whirlpool Corp. unveiled its new W line of premium 4-door smart refrigerators in India. The Quattro (4-Door) arrangement is made for simplicity and offers enough room for chilled demands, coupled with the sizeable 665L storage area.
- October 2021 - Panasonic Corp. announced the release of 24 new washing machine models and 43 new refrigerator models, further increasing its home appliance market. The most recent models give customers more comfort and convenience in their daily lives due to their high-tech features.
Smart Home Appliances Market Leaders
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LG Electronics Inc.
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Electrolux Group
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Whirlpool Corporation
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Samsung Electronics Co. Ltd
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BSH Home Appliances Corporation
*Disclaimer: Major Players sorted in no particular order
