Press release
Smart Home Appliances Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Smart Home Appliances Market
The market for smart home appliances has seen a significant expansion in recent years. The market is anticipated to increase from $45.36 billion in 2024 to $51.81 billion in 2025, maintaining a compound annual growth rate (CAGR) of 14.2%. The previous growth can be associated with incrementing energy expenses, an increase in connected devices, a rise in disposable income, heightened need for home security, and demand for convenience and automated systems.
Anticipated to experience exponential growth in the coming years, the market size for smart home appliances is projected to reach a valuation of $86.98 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.8%. The surge during this forecast period can be credited to factors such as an increased interest in environmentally friendly appliances, the expansion of 5G networks, higher internet penetration in developing markets, a growing understanding of the advantages of smart homes, and the need for real-time monitoring. The forecast period will also see key trends such as a rise in the application of machine learning in appliances, a growth in home automation systems, integration of smart appliances with home entertainment, application of blockchain for securing data, and the emergence of solar-powered smart appliances.
What Factors Are Propelling the Expansion of the Smart Home Appliances Market?
The anticipated advancement in connectivity infrastructure is projected to catalyze the growth of the smart home appliances market. This enhanced infrastructure encompasses network systems and hardware essential for flawless transmission and interchange of data among devices, systems, and users. The escalation of the Internet of Things (IoT) is a key catalyst for connectivity infrastructure progression, given that an increased number of connected devices necessitate reliable networks for effective functioning. Moreover, this infrastructure equips smart home appliances with the ability to exchange information, operate interactively, and be managed remotely, thereby enhancing user comfort and energy conservation. To illustrate, Ericsson, a telecommunications company based in Sweden, reported in 2023 that the total IoT connections had swelled to 15.7 billion and projected a surge of 16% to 38.8 billion connections by 2029. Consequently, the enhancements in connectivity infrastructure are propelling the expansion of the smart home appliances market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19189&type=smp
Which Businesses Are at the Forefront of Smart Home Appliances Market Development?
Major companies operating in the smart home appliances market are Apple Inc., Google LLC (Alphabet Inc.), Samsung Electronics Co. Ltd., Robert Bosch GmbH, Hitachi Ltd., Sony Corporation, LG Electronics, Panasonic Corporation, Midea Group, Xiaomi Corporation, Haier Group, ABB Group, Whirlpool Corporation, Sharp Corp., Koninklijke Philips N.V., Emerson Electric Co., Electrolux Group, Hisense Electrical Co Ltd., Miele & Cie. KG, Ecovacs Robotics Co Ltd., iRobot Corporation, Neato Robotics Inc.
What Are the Latest Innovations in the Smart Home Appliances Market?
In the smart home appliances market, key players are focusing on creating innovative solutions like AI-driven smart connected appliances. These promote enhanced convenience and efficiency at home and adapt to the individual's preferences and requirements. These appliances can analyze data, learn from user interactions, and collaborate with other intelligent devices to augment and streamline household activities. For example, in April 2024, new AI-powered connected Bespoke Home Appliances were launched by Samsung Electronics Co. Ltd., a company based in South Korea that specializes in semiconductor and electronic products. The range consists of the Bespoke French Door Refrigerator with AI Family Hub+, Bespoke Infinite Induction Line, Bespoke AI Laundry Combo, Bespoke Jet Bot Combo AI, Bespoke Jet AI, and Bespoke Cube Air Infinite Line. Their features include adjustments in AI-driven cycles, food management with interior cameras, and connectivity with SmartThings, all of which significantly enhance home convenience, efficiency, and integration with routine chores.
How Is the Smart Home Appliances Market Segmented?
The smart home appliancesmarket covered in this report is segmented -
1) By Product: Washing Machine, Dishwasher, Refrigerator, Air Conditioner, Security Devices, Lighting Devices, Other Products
2) By Technology: Wi-Fi, Radio Frequency Identification, ZigBee, Cellular Technology, Bluetooth, Other Technologies
3) By Distribution Channel: Online, Offline
4) By Application: Personal, Commercial, Other Applications
Subsegments:
1) By Washing Machine: Front-Load Washing Machines, Top-Load Washing Machines, Washer-Dryer Combos
2) By Dishwasher: Built-In Dishwashers, Portable Dishwashers, Countertop Dishwashers
3) By Refrigerator: French Door Refrigerators, Side-by-Side Refrigerators, Top Freezer Refrigerators, Bottom Freezer Refrigerators
4) By Air Conditioner: Window Air Conditioners, Portable Air Conditioners, Split Air Conditioners, Central Air Conditioners
5) By Security Devices: Smart Locks, Surveillance Cameras, Motion Sensors, Alarm Systems
6) By Lighting Devices: Smart Bulbs, Smart Switches, Smart Light Strips, Smart Fixtures
7) By Other Products: Smart Thermostats, Smart Plugs, Smart Speakers, Smart Home Hubs
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/smart-home-appliances-global-market-report
Where Is the Smart Home Appliances Market Growth Most Prominent?
Asia-Pacific was the largest region in the smart home appliances market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the smart home appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Smart Home Appliances Global Market Report?
- Market Size Analysis: Analyze the Smart Home Appliances Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Home Appliances Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Home Appliances Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Home Appliances Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19189
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home Appliances Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3870996 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
