Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 31.7 Billion | USD 70.6 Billion | 9.3% | 2023 |
FrequentlyAsked Questions
Smart Home Appliances are household equipment that utilizes internet connectivity, artificial intelligence (AI), and automation technologies to enhance efficiency, convenience, and user experience. These appliances can be remotely controlled using smartphones, voice assistants (such as Alexa, Google Assistant, or Siri), or home automation systems.
The smart home appliances market is fast expanding in response to growing consumer demand for convenience, energy economy, and automation.
According to the report, the global smart home appliances market size was worth around USD 31.7 billion in 2023 and is predicted to grow to around USD 70.6 billion by 2032.
The global smart home appliances market is expected to grow at a CAGR of 9.3% during the forecast period.
The global smart home appliances market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the fast urbanization and increasing disposable income of the population.
The global smart home appliances market is dominated by players like Whirlpool Corporation, LG Electronics, Haier Group, Samsung Electronics Co. Ltd, Panasonic Corporation, BSH Hausgeräte GmbH, Electrolux AB, Koninklijke Philips N.V, GE Appliances and Xiaomi Corporation among others.
The smart home appliances market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed