Smart Home Appliances Market

Smart Home Appliances Market

Smart Home Appliances Market Forecasts to 2030 - Global Analysis By Product (Smart Washing Machines, Smart Refrigerators, Smart Air Purifiers, Smart Air Conditioners and Other Products), Technology (Bluetooth, Wi-Fi, Cellular technology and Other Technologies), Distribution Channel, End User and By Geography

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Published: 2023 ID: SMRC23467

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $46.07 BN

Projected Year Value (2030)

US $139.10 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Smart Home Appliances Market is accounted for $46.07 billion in 2023 and is expected to reach $139.10 billion by 2030 growing at a CAGR of 17.1% during the forecast period. The class of next-generation connected appliances known as "smart home appliances" is designed to be managed with the help of orders from a central system or interact with other appliances in a network and make particular decisions on behalf of the owner. The idea of interconnected gadgets that allow users to control common household equipment like refrigerators, ovens, air conditioners, stoves, washing machines, hoover cleaners and so on.

According to models from the Organization for Economic Cooperation and Development (OECD), by 2060, China and India's per-person incomes might have climbed by a factor of seven. One of the top nations investing in smart home appliance products is Japan.

Market Dynamics:


Expansion of wireless connectivity options

Wireless solutions provide end users flexibility by reducing the need for cables while also preventing the need to rebuild existing residences. To enhance the functionality of smart appliances, several new wireless protocols have been created. Wireless solutions enable customers to monitor and operate smart home appliances from any location at any time, saving both money and time while reducing energy use.


High cost associated with installation of smart home appliances

When compared to traditional appliances, smart appliances are more costly. All of the home's equipment must be linked together via a single communication interface. Even if it will be advantageous in the long term, it might be difficult for businesses to draw in customers at these prices. Currently, the majority of houses in America and Europe have smart appliances installed. However, a sizable portion of the populace in these areas still believes that high-end smart home gadgets with cutting-edge technology are beyond of reach.


Increasing consumer focus on home security and energy-efficient appliances

The industry is being driven primarily by rising customer interest in energy-efficient appliances and home security, including smart speakers, smart security cameras, and smart locks. These sophisticated security tools detect and monitor activity and, in an emergency, further activate the security system. With the deployment of smart security systems, these figures showed a sharp decrease of 12–13% from projections from 2015. It is anticipated that the demand for high-end items, such as smart speakers, washers/dryers, air conditioners, refrigerators, etc., would drive the worldwide market for smart home appliances.


Lack of awareness among consumers

Lack of knowledge about the smart technology appliances and items is limiting the market for smart home appliances. The primary issue impeding market expansion is a lack of understanding regarding the utilisation of advanced technologies and appliances. To sell these items, however, industry participants have evolved techniques including advertising campaigns and promotional activities. Future market expansion for smart home appliances would be aided by these factors.

Covid-19 Impact

The COVID-19 outbreak briefly restricted the production capacity of the Chinese home appliance sector, but the market regained its vigour in the second half. Online retail channels had a significant surge in demand as a result of individuals remaining at home because of quarantine, and they contributed more than 70% of total sales in the first quarter. A focused period of renewal for the Chinese home appliance industry was also forecasted by the Research Institute of the Ministry of Commerce of China, with benefits for both smart and healthy home appliances.

The smart microwave ovens segment is expected to be the largest during the forecast period

The smart microwave ovens segment is estimated to have a lucrative growth, due to the term smart oven refers to an electric oven that uses Wi-Fi or Bluetooth to connect to a companion app for remote access. The software is designed to offer several automated oven functions. It is believed that the fundamental operation of smart ovens is the same as that of traditional ovens. Presently, the majority of oven manufacturers, including AEG, Bosch, and Samsung, offer a variety of smart ovens with matching applications to handle particular aspects of cooking. The idea behind it is to keep up with home automation market trends, which, as with other household items, encourage home-cooked food with minimum time and effort.

The online retail segment is expected to have the highest CAGR during the forecast period

The online retail segment is anticipated to witness the highest CAGR growth during the forecast period, due to the rapid rise of e-commerce and emerging digitalization, particularly in developing nations like China and India, the online category is predicted to increase at the quickest rate throughout the projection period. Additionally, the global online sales of smart home appliances are increasing due to the increased popularity of online shopping and smart, connected gadgets among millennials and the younger population. The selling of smart home equipment online is also being driven by elements like the convenience of online transactions, a busy lifestyle, and the freedom to purchase whenever and whenever.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to Chinese customers now have access to AI-based smart home devices like robotic vacuum cleaners and smart refrigerators because of reasons including rising disposable income, dual-income households, and changing lifestyles. China is a favourable destination for smart home appliances since it is one of the largest markets for home appliance products. In China, the household appliance business has grown to become a multibillion dollar sector. China has increased its per capita spending on high-tech consumer goods during the previous 10 years, thus propelling the growth of the market in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to rising internet usage and technological improvements in emerging economies like the U.S. and Canada, North America is anticipated to have the most sophisticated smart home market worldwide. The industry-wide use of wireless connection technology and new product advancements are enabling a greater uptake of smart appliances. The number of smart gadgets in the U.S. market has consistently increased year over year, and this trend is expected to continue in the years to come.

Key players in the market

Some of the key players profiled in the Smart Home Appliances Market include LG Electronics, Haier Group, Whirlpool Corporation, Samsung Electronics Co. Ltd, Electrolux AB, GE Appliances, Koninklijke Philips N.V, Xiaomi Corporation, BSH Hausgeräte GmbH, Panasonic Corporation, Breville Group Limited, IRobot India, Legrand, Siemens, Emerson Electric Co, Robert Bosch GmbH, ABB, ECOVACS, Neato Robotics, Inc and Midea Group

Key Developments:

In 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.

In 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.

Products Covered:
• Smart Washing Machines
• Smart Refrigerators
• Smart Air Purifiers
• Smart Air Conditioners
• Smart Vacuum Cleaners
• Smart Lighting Systems
• Smart Microwave Ovens
• Smart Sound Systems
• Smart Garage Doors
• Smart Coffee Makers
• Smart TV
• Smart Dish Washers
• Other Products

Technologies Covered:
• Bluetooth
• Wi-Fi
• Cellular technology
• Radio Frequency Identification (RFID)
• Near-Field Communication (NFC)
• Zigbee
• Other Technologies

Distribution Channels Covered:
• Online Retail
• Offline
• Other Distribution Channels

End Users Covered:
• Residential
• Commercial
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Smart Home Appliances Market, By Product
5.1 Introduction
5.2 Smart Washing Machines
5.3 Smart Refrigerators
5.4 Smart Air Purifiers
5.5 Smart Air Conditioners
5.6 Smart Vacuum Cleaners
5.7 Smart Lighting Systems
5.8 Smart Microwave Ovens
5.9 Smart Sound Systems
5.10 Smart Garage Doors
5.11 Smart Coffee Makers
5.12 Smart TV
5.13 Smart Dish Washers
5.14 Other Products

6 Global Smart Home Appliances Market, By Technology
6.1 Introduction
6.2 Bluetooth
6.3 Wi-Fi
6.4 Cellular technology
6.5 Radio Frequency Identification (RFID)
6.6 Near-Field Communication (NFC)
6.7 Zigbee
6.8 Other Technologies

7 Global Smart Home Appliances Market, By Distribution Channel
7.1 Introduction
7.2 Online Retail
7.2.1 E-Commerce Websites
7.2.2 Company Owned Websites
7.3 Offline
7.3.1 Hypermarket/Supermarket
7.3.2 Specialty Stores
7.3.3 Factory Outlets
7.4 Other Distribution Channels

8 Global Smart Home Appliances Market, By End User
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Other End Users

9 Global Smart Home Appliances Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 LG Electronics
11.2 Haier Group
11.3 Whirlpool Corporation
11.4 Samsung Electronics Co. Ltd
11.5 Electrolux AB
11.6 GE Appliances
11.7 Koninklijke Philips N.V
11.8 Xiaomi Corporation
11.9 BSH Hausgeräte GmbH
11.10 Panasonic Corporation
11.11 Breville Group Limited
11.12 IRobot India
11.13 Legrand
11.14 Siemens
11.15 Emerson Electric Co
11.16 Robert Bosch GmbH
11.17 ABB
11.19 Neato Robotics, Inc
11.20 Midea Group

List of Tables
1 Global Smart Home Appliances Market Outlook, By Region (2021-2030) ($MN)
2 Global Smart Home Appliances Market Outlook, By Product (2021-2030) ($MN)
3 Global Smart Home Appliances Market Outlook, By Smart Washing Machines (2021-2030) ($MN)
4 Global Smart Home Appliances Market Outlook, By Smart Refrigerators (2021-2030) ($MN)
5 Global Smart Home Appliances Market Outlook, By Smart Air Purifiers (2021-2030) ($MN)
6 Global Smart Home Appliances Market Outlook, By Smart Air Conditioners (2021-2030) ($MN)
7 Global Smart Home Appliances Market Outlook, By Smart Vacuum Cleaners (2021-2030) ($MN)
8 Global Smart Home Appliances Market Outlook, By Smart Lighting Systems (2021-2030) ($MN)
9 Global Smart Home Appliances Market Outlook, By Smart Microwave Ovens (2021-2030) ($MN)
10 Global Smart Home Appliances Market Outlook, By Smart Sound Systems (2021-2030) ($MN)
11 Global Smart Home Appliances Market Outlook, By Smart Garage Doors (2021-2030) ($MN)
12 Global Smart Home Appliances Market Outlook, By Smart Coffee Makers (2021-2030) ($MN)
13 Global Smart Home Appliances Market Outlook, By Smart TV (2021-2030) ($MN)
14 Global Smart Home Appliances Market Outlook, By Smart Dish Washers (2021-2030) ($MN)
15 Global Smart Home Appliances Market Outlook, By Other Products (2021-2030) ($MN)
16 Global Smart Home Appliances Market Outlook, By Technology (2021-2030) ($MN)
17 Global Smart Home Appliances Market Outlook, By Bluetooth (2021-2030) ($MN)
18 Global Smart Home Appliances Market Outlook, By Wi-Fi (2021-2030) ($MN)
19 Global Smart Home Appliances Market Outlook, By Cellular technology (2021-2030) ($MN)
20 Global Smart Home Appliances Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
21 Global Smart Home Appliances Market Outlook, By Near-Field Communication (NFC) (2021-2030) ($MN)
22 Global Smart Home Appliances Market Outlook, By Zigbee (2021-2030) ($MN)
23 Global Smart Home Appliances Market Outlook, By Other Technologies (2021-2030) ($MN)
24 Global Smart Home Appliances Market Outlook, By Distribution Channel
(2021-2030) ($MN)
25 Global Smart Home Appliances Market Outlook, By Online Retail (2021-2030) ($MN)
26 Global Smart Home Appliances Market Outlook, By E-Commerce Websites (2021-2030) ($MN)
27 Global Smart Home Appliances Market Outlook, By Company Owned Websites (2021-2030) ($MN)
28 Global Smart Home Appliances Market Outlook, By Offline (2021-2030) ($MN)
29 Global Smart Home Appliances Market Outlook, By Hypermarket/Supermarket (2021-2030) ($MN)
30 Global Smart Home Appliances Market Outlook, By Specialty Stores (2021-2030) ($MN)
31 Global Smart Home Appliances Market Outlook, By Factory Outlets (2021-2030) ($MN)
32 Global Smart Home Appliances Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
33 Global Smart Home Appliances Market Outlook, By End User (2021-2030) ($MN)
34 Global Smart Home Appliances Market Outlook, By Residential (2021-2030) ($MN)
35 Global Smart Home Appliances Market Outlook, By Commercial (2021-2030) ($MN)
36 Global Smart Home Appliances Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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