The global market for Smart Home Appliances is estimated at US$47.5 Billion in 2023 and is projected to reach US$108.5 Billion by 2030, growing at a CAGR of 12.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart home appliances market is driven by several factors. Firstly, the rising consumer demand for convenience and connectivity in everyday life is significantly boosting the adoption of smart appliances. Secondly, the increasing awareness of energy efficiency and environmental sustainability is driving consumers to opt for smart appliances that offer energy-saving features and smart usage analytics. Thirdly, the expansion of smart home ecosystems, facilitated by major tech companies and smart home platforms, is making it easier for consumers to integrate these appliances into their homes.
Additionally, the rapid advancements in AI and IoT technologies are enabling the development of more sophisticated and user-friendly smart appliances. Lastly, the growing trend of home automation and the increasing disposable incomes of consumers in emerging markets are further propelling the demand for smart home appliances, ensuring robust market growth in the coming years.
The growth in the smart home appliances market is driven by several factors. Firstly, the rising consumer demand for convenience and connectivity in everyday life is significantly boosting the adoption of smart appliances. Secondly, the increasing awareness of energy efficiency and environmental sustainability is driving consumers to opt for smart appliances that offer energy-saving features and smart usage analytics. Thirdly, the expansion of smart home ecosystems, facilitated by major tech companies and smart home platforms, is making it easier for consumers to integrate these appliances into their homes.
Additionally, the rapid advancements in AI and IoT technologies are enabling the development of more sophisticated and user-friendly smart appliances. Lastly, the growing trend of home automation and the increasing disposable incomes of consumers in emerging markets are further propelling the demand for smart home appliances, ensuring robust market growth in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smart Washing Machines & Dryers segment, which is expected to reach US$29.1 Billion by 2030 with a CAGR of a 11.5%. The Smart Air Purifiers segment is also set to grow at 14.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $11.0 Billion in 2023, and China, forecasted to grow at an impressive 15.2% CAGR to reach $25.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Home Appliances Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Home Appliances Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Home Appliances Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AB Electrolux, BSH Home Appliances Corporation, Ecovacs Robotics Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 220 Featured):
- AB Electrolux
- BSH Home Appliances Corporation
- Ecovacs Robotics Co., Ltd.
- General Electric Company
- Haier Group Corporation
- Hisense International Co., Ltd.
- Irobot Corporation
- Koninklijke Philips N.V.
- LG Electronics Inc.
- Midea Group
- Miele
- Mitsubishi Electric Corporation
- Neato Robotics, Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Whirlpool Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- AB Electrolux
- BSH Home Appliances Corporation
- Ecovacs Robotics Co., Ltd.
- General Electric Company
- Haier Group Corporation
- Hisense International Co., Ltd.
- Irobot Corporation
- Koninklijke Philips N.V.
- LG Electronics Inc.
- Midea Group
- Miele
- Mitsubishi Electric Corporation
- Neato Robotics, Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Whirlpool Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 566 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 47.5 Billion |
| Forecasted Market Value ( USD | $ 108.5 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
