Taiwan Smart Home Market Research Report

 

Growth opportunities in the Taiwan Smart Home Market look promising over the next six years. This is mainly due to the increasing disposable income, numerous initiatives and strategies by the government, and the growing emphasis on the development of smart cities.

Request for a FREE Sample Report on Taiwan Smart Home Market

Taiwan Smart Home Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

One of the prominent drivers contributing to the growth of the smart home market includes suitable government plans. The government is largely emphasizing on improving the lifestyle by initiating several initiatives and policies. For example, The Digital Nation & Innovation Economic Development Program (DIGI+) introduced in 2017 to improve digital infrastructure, re-construct service-based digital government and encourage the smart city concept across cities and rural areas. Therefore, the surging focus on the expansion of smart cities will stimulate market growth. Moreover, the growing disposable income of consumers has accelerated them to chose such solutions resulting in rising demand for home and kitchen utensils. Products that include refrigerators, smart washers, and dishwashers are experiencing robust growth. Additionally, the continuous enlargement of products by key players will further strengthen the market size. For instance, LG Corporation imparts Wi-Fi enabled all-in-one washer and dryer, which permits complete control over the appliance and uses the LG Smart ThinQ app to work.

However, the risk of cyber-attacks associated with these devices as they are connected to the internet and the life of many people rely on the services or safety provided by such devices. Thus, producers require to maintain cybersecurity as a crucial intent while designing the devices.

Product Type Drivers

Based on the product type, the smart kitchen are projected to dominate the market over the forecast period. This is because of the increasing significance of kitchen modernization or transformation to build modular kitchens. Individuals these days seek smart kitchen appliances including cooktops, cookware, and dishwashers, which can be regulated by devices such as Amazon Echo or Google Home. Moreover, the developments by the leading players in the Taiwan market are further promoting the market growth. LG Electronics, in 2017 started a series of IoT smart home appliances in Taipei, which includes cleaning robots, washing machines, refrigerators, and air conditioners.

Taiwan Smart Home Market Segmentation:

Segmentation by Product Type:

·        Lighting Control

·        Security and Access Control

·        HVAC Control

·        Smart Speaker

·        Entertainment and Other Controls

·        Home Healthcare

·        Smart Kitchen

·        Home Appliances

Segmentation by Offering:

·        Hardware

·        Software and Solutions

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia Water Recycling Market - Opportunities & Forecast, 2020-2027

  This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the markets along with major players in the country. The report offers detailed profile and data information analysis of the leading companies in the Saudi Arabia Water Recycling Market: ·          ENEXIO MANAGEMENT GmbH ·          Q.E.D. Environmental Systems Ltd. ·          Flottweg SE ·          Sierra Instruments Inc. ·          Veolia Environment S.A. ·          Enduro Composites Inc. ·          Endress Hauser AG ·          Servomex – Spectris ·          Experts Water Technologies Co. Ltd. (EWTCO) The key drivers of the Saudi Arabia Water Recycling Market are as follows: The growing number of recycling programs and favorable government initiatives on water and sanitatio
Read more

3D Projector Market Research Report

 Growth opportunities in the 3D projector market look promising over the next six years. This is mainly due to the increasing adoption of 3D projectors in home theatres and cinema halls, the growing usage of the 3D projector for large venues and events, and advancements in 3D projector technology. Request for a FREE Sample Report on 3D Projector Market. 3D Projector Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting adoption of the 3D projectors in cinema halls, smart classrooms, and home theatres is a key factor stimulating the growth of the global 3D projector market. The projectors' ongoing technological innovations and easy accessibility will attract consumers to choose 3D projector solutions with better image quality and several connectivity features like Bluetooth & Wi-Fi connectivity. Also, the growing prominence of 3D movies because of the authentic experience imparted by the 3D proje
Read more

Artificial Intelligence in Agriculture Market Research Report

  Growth opportunities in the Artificial Intelligence in Agriculture Market look promising over the next six years. This is mainly due to the ongoing government initiatives, reduction in labor expenses, and help to overcome the traditional challenges in every field. Request for a FREE Sample Report on Artificial Intelligence in Agriculture Market Artificial Intelligence in Agriculture Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The stimulating demand for agriculture production led by the accelerating population rate, increasing incorporation of information management systems and sophisticated technologies, including deep learning and machine learning techniques to enhance the crop productivity along with the surging favorable initiatives by the government are some of the most prominent drivers supplementing the growth of the global AI in the agriculture market. Also, these devices allow controlling of p
Read more