DUBLIN–(BUSINESS WIRE)–The “Smart Home Appliances – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Smart Home Appliances estimated at US$28.6 Billion in the year 2020, is projected to reach a revised size of US$78.7 Billion by 2027, growing at a CAGR of 15.6% over the analysis period 2020-2027.
Smart Air Conditioners, one of the segments analyzed in the report, is projected to record a 16.5% CAGR and reach US$55.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Washing Machines & Dryers segment is readjusted to a revised 15.1% CAGR for the next 7-year period.
The Smart Home Appliances market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a…