How big is the Smart Home Appliances Market?

The Smart Home Appliances Market size is expected to reach USD 34.98 billion in 2024 and grow at a CAGR of 8.91% to reach USD 53.61 billion by 2029. Read More

What is the current Smart Home Appliances Market size?

In 2024, the Smart Home Appliances Market size is expected to reach USD 34.98 billion. Read More

Who are the key players in Smart Home Appliances Market?

LG Electronics Inc., Electrolux Group, Whirlpool Corporation, Samsung Electronics Co. Ltd and BSH Home Appliances Corporation are the major companies operating in the Smart Home Appliances Market. Read More

Which is the fastest growing region in Smart Home Appliances Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Home Appliances Market?

In 2024, the North America accounts for the largest market share in Smart Home Appliances Market. Read More

What years does this Smart Home Appliances Market cover, and what was the market size in 2023?

In 2023, the Smart Home Appliances Market size was estimated at USD 31.86 billion. The report covers the Smart Home Appliances Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Home Appliances Market - Size, Trends & Share

Smart Home Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Home Appliance Market Report is Segmented by Product Type (Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers), and Geography (North America, Europe, Asia Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Smart Home Appliances Industry Overview

The market for smart home appliances is saturated. Mid-size and smaller businesses are expanding their market presence by gaining new contracts and tapping new markets due to technological improvements and product innovations. The following are a few significant market developments:

October 2021 - Whirlpool Corp. unveiled its new W line of premium 4-door smart refrigerators in India. The Quattro (4-Door) arrangement is made for simplicity and offers enough room for chilled demands, coupled with the sizeable 665L storage area.
October 2021 - Panasonic Corp. announced the release of 24 new washing machine models and 43 new refrigerator models, further increasing its home appliance market. The most recent models give customers more comfort and convenience in their daily lives due to their high-tech features.