Smart Appliances

Smart Appliances

Global Smart Appliances Market to Reach $99.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Smart Appliances estimated at US$34.3 Billion in the year 2022, is projected to reach a revised size of US$99.2 Billion by 2030, growing at aCAGR of 14.2% over the period 2022-2030. Smart Home Appliances, one of the segments analyzed in the report, is projected to record 13.8% CAGR and reach US$81.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Kitchen Appliances segment is readjusted to a revised 16.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 13.6% CAGR
The Smart Appliances market in the U.S. is estimated at US$10.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 12.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Select Competitors (Total 12 Featured) -

• BSH Hausgerate GmbH
• Electrolux AB
• General Electric Company
• Koninklijke Philips NV
• LG Electronics Inc.
• Miele & CIE, KG
• Panasonic Corporation
• Qingdao Haier Co., Ltd.
• Samsung Electronics Co., Ltd.
• Whirlpool Corporation

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