Smart Home Appliances Market Growth & Trends

The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, according to a new report by Grand View Research, Inc., 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, render a large proportion of the overall population with unaffordable technology, which, in turn, is expected to drive demand.

Increasing spending on home improvement projects or home remodeling is boosting the product demand owing to rising home and mortgage prices. In addition, rapid developments and advancements in the IT infrastructure and wireless communication enable easy assimilation of the home appliances compatible with mobile devices, such as smartphones, laptops, and tablets. As a result of which, it allows the consumers to control and optimize the operations of the refrigerators from remote locations.

Moreover, the higher indulgence of Americans in smart devices and smart homes is ramping up the sales of smart washing machines owing to the increased prominence of connected devices. According to Digitized House Media, 3 out of 5 people in America buy smart home products in order to monitor their houses through their smartphones. According to a blog by NPS Publishing, smart home penetration was 7.5% in 2018, which is likely to hit 19.5% by 2022. Thus, increasing movement in the industry is widening the scope of smart appliances in households, which is expected to drive sales of smart washing machines.

Smart air purifiers are expected to witness the fastest growth in the years to come on account of increasing health consciousness and awareness regarding these purifiers. Stringent government regulations to improve the air quality standards, including the Clean Air Act established by the U.S. Environmental Protection Agency (EPA) in 1970, have been associated with establishing national air quality standards. In addition, the establishment of large commercial offices and buildings in countries, such as the U.S. and Canada, has increased the application scope of the product in the region. According to the WHO, in 2015, around 50% of global deaths caused by air pollution were registered in China and India. Moreover, 13 out of 20 most polluted cities in the world are located in India. According to a 2017 Greenpeace report, air pollution causes 1.2 million premature deaths in India every year.

Full Research Report On Smart Home Appliances Market Visit Here: https://www.grandviewresearch.com/industry-analysis/smart-home-appliances-market

Smart Home Appliances Market Report Highlights

• By product, smart washing machines dominated the market with a share of 31.9% in 2019. This is attributed to greater penetration of smartphones and a wireless internet connection, which is helping increase the adoption rate of smart appliances, such as smart washing machines, across the residential sector
• In terms of revenue, offline distribution channel dominated the market with a share of 64.5% in 2019. This is attributed to the higher preference for convenience, specialty, and branded stores
• The smart air purifiers product category is expected to expand at the fastest CAGR of 17.9% from 2020 to 2027. Increased attention to the hygiene factor across the globe, especially as a resultant of the COVID 19 pandemic, is fueling the growth of the segment.

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Smart Home Appliances Market Segmentation

Grand View Research has segmented the global smart home appliances market by product, distribution channel, and region:

Smart Home Appliances Product Outlook (Revenue, USD Million, 2016 - 2027)

• Smart Refrigerators
• Smart Washing Machines
• Smart Air Purifiers
• Smart TVs
• Others

Smart Home Appliances Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Smart Home Appliances Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• The U.S.
• Europe
• The U.K.
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Smart Home Appliances Market

• Samsung
• BSH
• GE
• Whirlpool
• LG
• Electrolux
• Panasonic
• Haier
• Koninklijke Philips N.V.
• Xiaomi Corporation

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Organic Tea Market Size Is Estimated To Reach $1.12 Billion By 2027

The global organic tea market size is expected to reach USD 1.12 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.2% from 2020 to 2027. The rising importance of a healthy lifestyle among the consumers in light of increased awareness regarding wellness nutrition through social media and satellite television channels is expected to expand the market scope. Furthermore, growing concerns related to adverse effects associated with synthetic ingredients in packaged food and beverages are expected to compel the buyers to increase spending on consuming organic tea as a key alternative to conventional drinks.

Product launches have been playing a crucial role in shaping the industry dynamics. For instance, in October 2019, Celestial Seasonings launched TeaWell, a product line that includes organic wellness tea, which provides a vigorous combination of health benefits, along with pleasant flavors. The line offers a large number of flavors formed using a blend of herbs and botanicals that improve the shape of both mind and body. These products contain “Daily Wellness Core”, which is a combination of four essential ingredients, including panax ginseng, dandelion root, elderberry, and green rooibos.

It is claimed that panax ginseng improves mental vitality, dandelion root enhances digestion, elderberry boosts immunity, and green rooibos acts as antioxidants. Some of the popular products being offered under the product line are Organic Green Tea with Grapefruit, Organic Moringa Lemon Ginger, and Organic Hibiscus with Lime. These products are available for USD 4.99.

Full Research Report On Organic Tea Market Visit Here: https://www.grandviewresearch.com/industry-analysis/organic-tea-market

Organic Tea Market Report Highlights

• The herbal product segment is expected to witness the fastest growth during forecast years with a CAGR of 17.1% from 2020 to 2027. The rising importance of herbal tea as a daily drink for maintaining a healthy lifestyle is expected to have a positive impact on the segment growth over the next few years
• Based on taste, the flavored segment accounted for the largest share of more than 80.0% in 2019. This is attributed to the increased preference for these products due to the easy access of such products to the consumers through offline as well as online channels
• By form, the leaf and powder segment accounted for the largest share of more than 45.0% in 2019. The growth of the segment is attributed to the first-mover advantage associated with leaf as well as powder forms
• Asia Pacific dominated the market with more than 35.0% share in 2019. Extensive customer base in countries, including China, India, Japan, Thailand, and Vietnam, is expected to fuel the regional market growth in the near future.

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Organic Tea Market Segmentation 

Grand View Research has segmented the global organic tea market on the basis of product, taste, form, distribution channel, and region:

Organic Tea Product Outlook (Revenue, USD Thousand, 2016 - 2027)

• Camelia Sinesis-Based
• White
• Black
• Green
• Oolong
• Others
• Herbal

Organic Tea Taste Outlook (Revenue, USD Thousand, 2016 - 2027)

• Flavored
• Plain

Organic Tea Form Outlook (Revenue, USD Thousand, 2016 - 2027)

• Tea Bag
• Leaf & Powder
• Liquid

Organic Tea Distribution Channel Outlook (Revenue, USD Thousand, 2016 - 2027)

• Hypermarkets & Supermarkets
• Convenience Stores
• Online Stores & D2C
• Others

Organic Tea Regional Outlook (Revenue, USD Thousand, 2016 - 2027)

• North America
• The U.S.
• Europe
• The U.K.
• Germany
• Asia Pacific
• China
• Japan
• India
• Indonesia
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Organic Tea Market

• Compass Tea Company
• Davidson's Organics
• Little Red Cup Tea Co.
• Numi, Inc.
• Pepsico
• The Coca-Cola Company
• The Hain Celestial Group, Inc.
• Tielka
• Unilever
• Wessanen

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Neckwear Market Size Is Projected To Reach $4.2 Billion By 2025

The global neckwear market size is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 2.1% during the forecast period. Demand for neckwear for formal as causal occasions is anticipated to drive the market. Major manufacturers focus on innovation to produce boutique-branded products to attract more consumers. This factor is anticipated to further drive the market growth.

Consumers prefer wearing ties as they project professionalism, confidence, authority, power, and exclusivity. Rising use of neckwear, especially neckties in professional settings is expected to drive the market growth. Media executives, bankers, business school students, and hospitality professionals are some of the major consumers.

Neckwear manufacturers focus on attracting consumers looking to pair neckwear with casual clothing. Innovations such as trendy designs, soft touch fabric, bright and funky colors, and occasion-specific neckties to attract millennials are projected to create growth opportunities for the market. Along with traditional silk, they focus on using materials such as microfibers, polyester, and cotton to enhance the product offerings.

Key market players focus on experimenting with their product offering and widening the portfolio. For instance, in 2017, Korbata, a Guatemalan manufacturer of men’s fashion accessories launched a new collection called Nawales, inspired by the Mayan worldview and their sacred calendar representing an element of nature and energy.

Neckties product segment is expected to continue holding the largest market share in the forthcoming years, High demand for neckties due to the common acceptance of the product as a part of regular business attire is anticipated to bode well for the segment growth. Consumers choose different designs, patterns, and colors for different occasions. Bow tie is projected to be the fastest growing segment over the forecasted period owing to its growing adoption among millennials as a casual wear accessory.

Key players in the neckwear industry focus on product innovation, brand endorsement, and social media marketing. For instance, in 2017, The Tie Bar, a Chicago-based menswear company, launched subscription model for the U.S. based consumers to improve its customer retention ratio. The company delivers three brand new bow ties or neckties to the consumers depending on their product preference in two intervals—either in six months or a year.

Asia Pacific is expected to continue holding the largest market share and register the fastest CAGR over the forecast period. The growth is majorly driven by rising demand from countries such as China, India, Japan, and Korea. Factors such as growing population, fashion consciousness, and booming commercial sector are projected to drive the regional market growth.

Full Research Report On Neckwear Market Visit Here: https://www.grandviewresearch.com/industry-analysis/neckwear-market

Further key findings from the report suggest:

• Pre-tied neckwear is estimated to expand at the fastest CAGR of 2.7% during the forecast period, due to convenience and user-friendliness
• Asia Pacific is estimated to expand at the fastest a CAGR of 2.6% over the forecast period owing to growing disposable income, number of private schools and colleges, and number of working population
• Some of the major players operating in the neckwear market are Brooks Brothers Group, Inc.; Giorgio Armani S.p.A.; Ralph Lauren Corporation; PVH Corp.; LVHM; Brackish Brand; Vineyard Vines; THE TIE BAR; Turnbull & Asser; and Battistoni

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Grand View Research has segmented the global neckwear market on the basis of product, wearing type, and region:

Neckwear Product Outlook (Revenue, USD Million, 2015 - 2025)

• Neckties
• Bowties
• Others

Neckwear Wearing Type Outlook (Revenue, USD Million, 2015 - 2025)

• Self-tied
• Pre-tied

Neckwear Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• Nigeria

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Smart Toilet Market Size Is Estimated To Reach $12.7 Billion By 2025

The global smart toilet market size is expected to reach USD 12.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.3% over the forecast period. Rising consumer awareness regarding cleanliness and maintaining proper hygiene at the global level is expected to promote the utility of smart toilet. Additionally, shifting preference towards smart homes in the urban cities due to increasing importance of proper sanitation and offering convenience to the buyers is expected to increase spending on the installation of new smart toilets in the residential and commercial sectors.

The governments of different countries including U.S., Germany, France, China, and India have been implementing numerous initiatives to increase awareness regarding the importance of saving water at the global level. As a result, smart toilets are expected to optimize the water flow and thus, likely to gain importance over the next few years.

The commercial segment generated a revenue of USD 4.6 billion in 2018. These types of smart products are majorly installed in hotels, restaurants, shopping malls, and bars as consumers perceive them as the luxury products. Furthermore, increasing spending on real estate investment in the commercial sector of countries including China, India, Brazil, and Mexico is a key factor driving the segment. Supportive government policies aimed at infrastructure development are expected to expand the scope for smart toilet vanities as luxury products over the next few years.

The offline channels generated a revenue of USD 5.3 billion in 2018. Consumers prefer these channels as they provide a choice of physical verification, prior to any purchasing decision. Additionally, these brick and mortar stores offer installation as well as aftersales services, which encourage the buyers to use these channels.

Asia Pacific is expected to be the fastest growing region with a CAGR of 12.8% from 2019 to 2025. Key countries contributing to the growth of the smart toilet market are China, Japan, India, Australia, and Singapore. It has been observed that sale of the smart toilet is increasing due to factors including rise in disposable income of the middle class population and increasing number of smart houses in the urban cities of the aforementioned countries. Furthermore, growing consumer spending on bathroom hygiene and sanitation is expected to expand the market scope in the upcoming years.

Some of the key smart toilet manufacturers are Kohler Co.; Toto Ltd.; Roca Sanitario SA; LIXIL Group Corporation; Duravit AG; Wellis; Masco Corporation; Bradley Corporation; Fortune Brands; and Villeroy & Boch AG. Companies are investing in product innovations to expand their customer base. For instance, in December 2016, “Somany Ceramics Ltd.” has launched a range of smart toilets with automatic flash system.

Full Research Report On Smart Toilet Market Visit Here: https://www.grandviewresearch.com/industry-analysis/smart-toilet-market

Further key findings from the report suggest:

• The residential application segment is expected to expand at the fastest CAGR of 10.7% from 2019 to 2025 as a result of increasing number of smart homes in the urban cities of key markets including U.S. and China
• The offline segment generated a revenue of USD 5.3 billion in 2018. Online channel is the fastest growing segment with a CAGR of 10.8% from 2019 to 2025 due to its doorstep delivery services
• Europe was the largest regional market with a revenue of USD 2.4 billion in 2018
• New product launch is expected to remain a key strategy among the market participants over the next few years.

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Grand View Research has segmented the global smart toilet market on the basis of application, distribution channel, and region:

Smart Toilet Application Outlook (Revenue, USD Million, 2015 - 2025)

• Residential
• Commercial

Smart Toilet Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Online
• Offline

Smart Toilet Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Smart Faucets Market Size Is Estimated To Reach $667.3 Million By 2025

The global smart faucets market size is expected to reach USD 667.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% over the forecast period. Rising spending on smart home technology on account of increasing living standards and luxury among middle-class household population is expected to be a key factor for the market growth. Moreover, increasing number of luxury hotels as a result of growth of the tourism sector in countries including Germany, France, China, and India is projected to expand the scope of smart bathroom accessories, such as faucets.

Growth of the hospitality industry in the developed economies including U.S., France, and Germany is expected to have a positive impact on the market growth. According to the Department of Commerce, U.S. projections, the foreign travel in U.S. would witness an annual growth rate of 2.7% from 2017 to 2020. This substantial growth in travel and tourism will propel the hotel industry of the country, which, in turn, will fuel the demand for smart faucets.

For instance, in June 2018, Rosewood Hotels & Resorts announced plans to open a new luxury hotel in Houston, U.S. Moreover, the company is going to open its 150-room hotel in Texas, U.S. by the end of 2023. Such type of construction by prominent players will surge the demand for smart faucets in the country in the forecast period.

North America was the largest market, accounting for a share of more than 30.0% in 2018. Over the past few years, adoption of internet of things (IoT) in U.S. has fueled the smart home technologies. Major manufacturers are adopting various strategies including product innovation and expansion of distribution channels.

For instance, in July 2017, Kohler Co. redefined the scope of exclusive stores and showrooms with the introduction of KOHLER ‘Experience Centres’. These centers help in the enhancement of product experience when displayed in front of the design professionals and consumers. These experience centers held in creating a more intimate understanding of products and services provided by the company. The company is focused on targeting the top ten lucrative markets including New York, Los Angeles, London, Shanghai, Hong Kong, Singapore, New Delhi, Bangkok, Taipei, and Dubai.

Full Research Report On Smart Faucets Market Visit Here: https://www.grandviewresearch.com/industry-analysis/smart-faucets-market

Smart Faucets Market Report Highlights

• North America was the largest smart faucets market, accounting for a share of more than 30.0% in 2018 owing to increasing smart homes and growing hospitality sector
• The commercial application segment accounted for exceeding 60.0% share of the global revenue in 2018. Positive outlook towards global hospitality sector is expected to open new avenues
• Brick and mortar was the largest distribution channel with a share of more than 70.0% in 2018
• Key players include LIXIL Group Corporation, CERA Sanitaryware Limited, Roca Sanitario, S.A., Kohler Co., TOTO LTD., Masco Corporation, Villeroy & Boch, Hansgrohe, and DELTA FAUCET COMPANY
• Product innovation is expected to remain a critical success factor among the industry participants.

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Smart Faucets Market Segmentation

Grand View Research has segmented the global smart faucets market on the basis of application, distribution channel, and region:

Smart Faucets Application Outlook (Revenue, USD Million, 2015 - 2025)

• Commercial
• Residential

Smart Faucets Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Brick & Mortar
• Online

Smart Faucets Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Tahini Market Future Growth & Latest Demand

The global tahini market size is expected to reach USD 1.77 billion by 2025 registering a CAGR of 5.2%, according to a new report by Grand View Research, Inc. Growing popularity of tahini products with ethnic Arabic flavors in developed countries, such as U.S., Germany, U.K., France, and Italy, is expected to spur the market growth. Moreover, increasing awareness about consuming healthy, nutritious, and organic food has propelled the product demand. Sauces & dips is expected to be the fastest-growing product segment at a CAGR of 5.6% from 2019 to 2025.

Changing dietary preferences owing to hectic lifestyle has fueled the demand for dips and sauces. Tahini dips and sauces add flavor as well as nutrition to the food products. Manufacturers are launching innovative products to cater to the increasing demand from the global food industry. For instance, in March 2018, Soom Foods, LLC launched two innovative spreading squeeze packets. The product is available in two flavors, original and chocolate sweet tahini halva spread.

Middle East & Africa generated the largest revenue share in 2018.Over the past few years, major companies in the region are adopting several marketing strategies, such as product launches, product portfolio and distribution channel expansion, and merger and acquisition, to cater to the rising demand for vegan, gluten-free, non-GMO, Kosher products. For instance, in April 2017, El-Raey Sweetness Halva Company launched a new product line in Badr City, Egypt with a production capacity of 900 tons per day.

Full Research Report On Tahini Market Visit Here: https://www.grandviewresearch.com/industry-analysis/tahini-market

Tahini Market Report Highlights

• North America is projected to be the fastest-growing regional market at a CAGR of 6.8% from 2019 to 2025
• The sauces & dips product segment is expected to witness the fastest growth at a CAGR of 5.6% from 2019 to 2025
• Key companies in the market include Al Wadi Al Akhdar, El Rashidi El Mizan, Prince Tahina Ltd., Haitoglou Bros, Halwani Bros. Co., Ltd., Carwari International Pty. Ltd., Dipasa USA Inc., Kevala, Mounir Bissat Factories, and SESAJAL S.A. de C.V.
• New product launches and production capacity expansion are expected to remain key marketing strategies for these companies

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Tahini Market Segmentation

Grand View Research has segmented the global tahini market on the basis of product, distribution channel, and region:

Tahini Product Outlook (Revenue, USD Million, 2015 - 2025)

• Paste & Spreads
• Halva & Other Sweets
• Sauces & Dips

Tahini Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Tahini Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• U.K.
• Germany
• Turkey
• Asia Pacific
• China
• Central & South America
• Brazil
• Middle East & Africa
• Israel
• Saudi Arabia

bout Grand View Research           

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com