Smart Appliances Market Size 2023-2032

Oct 19, 2023

The global Smart Appliances market was valued at US$ 19420 million in 2022 and is projected to reach US$ 41070 million by 2029, at a CAGR of 11.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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Smart appliances are modern household or industrial appliances that come equipped with advanced technology, usually in the form of embedded systems, sensors, and connectivity features. Their primary purpose is to make our lives more convenient, efficient, and functional. By incorporating automation, data analysis, and remote control capabilities, these appliances offer enhanced user experiences.

Through their connectivity, smart appliances can interact with the internet and other devices, allowing users to control and monitor them remotely using smartphones, tablets, or computers. This feature enables users to manage their appliances from anywhere, providing a greater level of flexibility and convenience.

Smart appliances are growing in value within the wider smart home as OEMs leverage network connectivity to provide a wide range of smart functions such as: remote control, monitoring, and maintenance to the consumer, in turn providing opportunity for OEMs to improve internal and customer relationship management as well as support the development and integration of new revenue streams.

Total Market by Segment:

Global Smart Appliances Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Appliances Market Segment Percentages, by Type, 2022 (%)

Washing Machines
Dryers
Dishwashers
Refrigerators
Air Conditioners
Ovens and Cookers
Others

key players include:

Remote Technologies Inc
Samsung
Interface, Inc.
Haier Group Inc
Visual Group
Bosch
Via Technologies
Dyson
Midea
GREE
Meiling
Hisense
TCL
Robam
Changhong
Fotile

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