With rising disposable income, it is often observed that the general populace is ready to spend a substantial amount of their income on comfort and convenience. Since, the number of devices per person, in today’s day and age, is surging rapidly, every device people use in homes, offices, gyms, and even schools, will likely be connected to each other.
The appliances are not new to consumers as many industry giants’ products have successfully made their way into people’s hearts. This is one of the main reasons why this industry is slated to grow at a CAGR of 8.80% through 2034. Companies like Samsung, LG, Google, and Apple are revolutionizing the way consumers see home appliances and have taken the market valuation to a staggering USD 37,980.4 million in 2024.
Billions of dollars have been invested by these companies in making these appliances more energy-efficient, interactive, and responsive. Smart fans, washing machines, refrigerators, cleaning robots, alarms, thermostats, etc. are all programmed to work in cohesion with each other to make the lives of households super comfortable while saving energy and hence capital. These additions to already existing capabilities of connected home appliances are seen as factors to take the market to a valuation of USD 88,030.6 million by 2034.
Attributes | Details |
---|---|
Market Value for 2024 | USD 37,980.4 million |
Projected Market Value for 2034 | USD 88,030.6 million |
Value-based CAGR of the Market for 2024 to 2034 | 8.80% |
In smart home ecosystems, connected home appliances are used for various purposes like laundry, kitchen, water treatment, air purifying, etc. Among these, the kitchen segment is penned in to hold a market share of 31.40% in 2024.
Attributes | Details |
---|---|
Appliance Type | Kitchen |
Market Share (2024) | 31.40% |
People’s reliance on technology is rising day by day. Connected home appliances have long made their way into the kitchen. Smart refrigerators, dishwashers, ovens, toasters, etc. have bolstered the market growth in the past few years.
The market is also growing as consumers are increasingly being put off by high electricity bills and the cost of fuel consumption. Connected home appliances, especially those operating in the kitchen, are designed to consume less electricity without compromising on performance or functionality.
Connected home appliances operate on various technologies, such as NFC, Wi-Fi, and Bluetooth. On the basis of technology, the near field communication segment is in line to take the majority share of 42.40% of the market in 2024.
Attributes | Details |
---|---|
Technology Type | NFC-powered |
Market Share (2024) | 42.40% |
Connected home appliances that use near-field communication are in great demand, especially in countries with cheap internet and affluent populations as they offer convenience, efficiency, and automation in everyday tasks. These appliances allow users to control and monitor various devices from their smartphones or other NFC-enabled devices, that too, without the need for complex setups or configurations.
Countries | CAGR (2024 to 2034) |
---|---|
Australia | 12.30% |
China | 9.30% |
United States | 5.60% |
Germany | 4.20% |
Japan | 3.50% |
The market in Australia is slated to grow at a CAGR of 12.30% for the forecasted period of 2024 to 2034.
China is a lucrative country in this market. The market is expected to grow at a CAGR of 9.30% through the forecast period in the country.
The market in the United States is a promising one. It is slated to grow at a CAGR of 5.60% through 2034.
The Germany connected home appliance market is likely to flourish in the coming years. It is slated to grow at a CAGR of 4.20% through 2034.
The future of the Japanese connected home appliance market looks bright. The market is slated to grow at a CAGR of 3.50% through 2034 in the country.
The market is evolving day by day with the influx of new technologies and market players. Industry giants like Apple, Samsung, LG, Google, etc., are pouring billions of dollars into curating products that are not only affordable but also easy to operate. They are also bringing in technologies that use AI to optimize user experience and make home automation more intuitive and efficient.
Mergers and acquisitions are a common strategy used by companies to leverage each other's strong points. For instance, in August 2023, Samsung and LG collaborated to develop a unified smart home system, allowing users to control appliances through either brand's app. The interoperability initiative aimed to enhance connectivity and energy efficiency, with plans to include other global brands.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Appliance Type, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Appliance Type, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Technology, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Technology, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 16: Global Market Attractiveness by Appliance Type, 2024 to 2034
Figure 17: Global Market Attractiveness by Technology, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 34: North America Market Attractiveness by Appliance Type, 2024 to 2034
Figure 35: North America Market Attractiveness by Technology, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Appliance Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Technology, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Appliance Type, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Technology, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Appliance Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Technology, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Technology, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Appliance Type, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Technology, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Technology, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Appliance Type, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Technology, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Appliance Type, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Technology, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Appliance Type, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Appliance Type, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Appliance Type, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Appliance Type, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Appliance Type, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Technology, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The connected home appliance market is expected to be worth USD 37,980.4 million by 2024.
The connected home appliance market is expected to reach a valuation of USD 88,030.6 million by 2034.
The connected home appliance market is in line to grow at a CAGR of 8.80% from 2024 to 2034.
Samsung Group, LG, Apple, Whirlpool, etc., are some of the major players in the market.
The valuation for the connected home appliance market in 2023 was USD 35,434.2 million.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.