GCC Smart Home Appliances Market

GCC Smart Home Appliances Market Overview

A smart home appliance can be defined as an electronic device that can automate specific tasks and is typically remotely controlled. The smart home appliances can be connected to the smart home system, and they can interact with other devices, and perform certain decisions on its own. Smart ovens, smart dishwashers, smart refrigerators, smart cookware and cooktops, smart dryers, and smart vacuum cleaners are some of the smart home appliances.

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Major GCC Smart Home Appliances Market Drivers

Rising number of smart homes, increase in internet penetration and smartphones, the availability of wireless solutions, and growing demand for home automation are some of the major factors expected to drive the growth of the smart home appliances market size. Additionally, smart home devices allow greater control of energy use while automating things including remote controlling of devices.

Moreover, rising number of city construction projects including the NEOM city, Orchid Villas Project, Al Faisaliah City, New Jeddah Downtown, Al Noor City, Government Housing Plans, and Kuwait’s Silk City is further supporting the demand for smart home appliances over the forecast period. Furthermore, changes in living standards, growing demand of smart connected kitchen appliances, and rising requirement of energy-efficient coupled with user-friendly interfaces of home appliances is expected to provide huge growth opportunities to the GCC Smart Home Appliances Market share.

Restraint in the GCC Smart Home Appliances Market

However, high cost of smart home and kitchen appliances is one of the major factors expected to hamper the growth of the market. Additionally, the lack of awareness regarding use of technologies and sophisticated appliances may further restraint the GCC Smart Home Appliances Market growth.

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Connectivity – Segment Analysis

Based on the connectivity, the Wi-Fi is expected to account for a large market share over the forecast period primarily due to the availability of less expensive Wi-Fi enabled smart home devices, allowing multiple users to connect through the same network, and easy installation of a Wi-Fi access point.

Product Type – Segment Analysis

Based on the product type, smart refrigerators is projected to hold a notable share in the market over the forecast period. This can be attributed to the increasing consumer spending on smart kitchen appliances and rising popularity of frozen foods. In addition, smart refrigerators provide several advantages including integrated touchscreen to change the temperature, remote monitoring and controlling, keep track of expiration dates of groceries, and voice control for hands-free experience. This is anticipated to contribute to the market growth.

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Country – Segment Analysis:

Based on country, UAE is expected to grow at a high CAGR over the forecast period primarily due to the increasing population together with high levels of income, increasing demand for smart homes in cities including Abu Dhabi, Dubai, and Sharjah. Moreover, according to the Australian department of foreign affairs and trade, UAE is the Middle East’s second largest economy and one of the wealthiest countries in the region on a per capita basis. This is expected to support the growth of the market. 

Key Developments: 

• • In 2020, Emaar Properties, real estate development company located in the United Arab Emirates (UAE) signed a Memorandum of Understanding (MoU) with Xiaomi, a global technology leader with the one of the largest Internet of Things (IoT) consumer platform, to launch ‘Emaar Smart Home’, a next-generation product for customers to experience the latest smart home technology powered by Artificial Intelligence (AI).

Segments covered in the Report:

The GCC Smart Home Appliances market has been segmented on the basis of connectivity, product type, and country. Based on connectivity, the market is segmented into Wi-Fi, Bluetooth, NFC, and others. Based on the product type, the market is segmented into smart ovens, smart dishwashers, smart refrigerators, smart cookware and cooktops, and others. Based on country, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait and Rest of GCC. 

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