The Smart Home Appliance Market Report is Segmented by Product Type (Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers), and Geography (North America, Europe, Asia Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The smart kitchen appliance market is forecast to grow between 2020 and 2028. In 2020, the size of this market amounted to around 13.79 billion U.S. dollars, and it is forecast to reach a revenue of over 47 billion U.S. dollars by 2028, grow8ing at a CAGR of 19.2 percent.

Smart kitchen – a growing segment in household appliances

Smart appliances are forecast to make up a more significant share of the overall household appliances market across all product categories in the future. Smart kitchen appliances include appliances and products such as smart refrigerators, smart dishwashers, smart cooking ranges, smart microwaves and ovens, and smart coffee machines. Some forecasts show that the overall global smart kitchen market will pass the 20 billion dollar mark during the 2020s. The growth in the market is driven by increasing smart city funding, leading to an increasing deman for smart kitchen appliances. The need for energy efficient appliances is another growth driver for the segment. Despite the forecasted growth of the smart appliances market, the segment is still relatively small in relation to the overall household appliances market, which will grow to around 450 billion U.S. dollars by 2023.

Smart Appliances Market size was valued at USD 46.23 Billion in 2024 and is projected to reach USD 115.66 Billion by 2031, growing at a CAGR of 13.40% during the forecast period 2024-2031.

The market drivers for the Smart Appliances Market include:

Increasing Internet penetration and connectivity: The market for smart appliances has expanded thanks to the expansion of high-speed internet and the general acceptance of connected gadgets. With the use of voice assistants or smartphone apps, consumers can now monitor and operate their appliances remotely, increasing efficiency and convenience.

Demand for Smart Appliances is Rising: The market for smart appliances is being driven by consumers’ growing interest in home automation and smart home technology. Customers look for integrated solutions that provide smooth connectivity and automation features to make domestic chores easier and enhance their quality of life in general.

Energy Efficiency and Sustainability: Energy-efficient features and cutting-edge technology that optimize energy consumption and lower utility costs are frequently found in smart appliances. The market for energy-efficient smart appliances is still growing as consumers’ awareness of environmental sustainability rises.

Time-saving and Convenience Features: Voice control, automated scheduling, and remote monitoring are just a few of the time-saving and convenient features that smart appliances have to offer. Users can experience more flexibility in handling home activities, save time, and streamline everyday routines with these capabilities.

Technological Developments: As artificial intelligence (AI), machine learning (ML), sensor technology, and the Internet of Things (IoT) continue to progress, smart appliances will be able to provide novel features and customized experiences. Consumers find smart appliances appealing because of features like personalized settings, adaptive cooking algorithms, and predictive maintenance.

Development of Smart Home Ecosystems: The adoption of smart appliances is aided by the growth of interoperability standards and smart home ecosystems. Compatibility with other linked devices and integration with current smart home systems allow for smooth automation and interaction, which increases customer acceptance.

Changing Urbanization, Demographic Trends, and Consumer Lifestyles: These factors all have an impact on the demand for smart appliances. An elderly population looking for assisted living options, busy lives, and dual-income homes all add to the demand for smart appliances that provide accessibility, safety, and convenience.

Government Initiatives and Incentives: Consumers are encouraged to purchase smart appliances by government policies, rules, and incentive programs that support energy efficiency and sustainable living. Energy efficiency regulations, tax breaks, and rebates encourage the use of smart appliances, which propels industry expansion.

Growing Affordability and Disposable Income: As disposable income rises, particularly in emerging nations, customers will be able to purchase smart appliances. Declining costs for smart home equipment, along with improvements in production and delivery methods, open up the market to a wider range of consumers.

The revenue in the 'Smart Appliances' segment of the smart home market in Indonesia was forecast to continuously increase between 2024 and 2028 by in total 157 million U.S. dollars (+57.41 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 430.49 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Smart Appliances' segment of the smart home market was continuously increasing over the past years. The Statista Market Insights cover a broad range of additional markets.

The global smart home appliances market was valued at USD 33.66 billion in 2021 and is expected to grow at a CAGR of 17.1% during the forecast period.

Recent developments include: June 2022: South Korean electronics company Samsung Electronics announced the global launch of SmartThings Home Life, which will give consumers worldwide a more complete smart home experience. With the help of this service, customers of the SmartThings app may control all of their Samsung appliances from one spot. SmartThings Home Life improves home life and gives users control from their smartphone., April 2021: With Amazon Smart Reorders, South Korean-based electronics manufacturer LG Electronics extended benefits to owners of smart appliances. The company established a partnership with Amazon smart reorders to give customers a smarter way to reorder products like laundry detergent, water filters, and other items based on their particular use and preferences. This service is the newest addition to LG's ThinQ capabilities, which include simple automation and shopping and proactive customer support.. Key drivers for this market are: AVAILABILITY OF WIRELESS SOLUTIONS 29, GROWING ADOPTION OF ENERGY-SAVING PRODUCTS IN SMART HOMES 29; DRIVER IMPACT ANALYSIS 30. Potential restraints include: SECURITY AND PRIVACY CONCERNS AMONG END USERS 30, RESTRAINT IMPACT ANALYSIS 31. Notable trends are: Rising Popularity of Online/E-Commerce Sales to boost market growth.

Global smart appliances market was valued at US$ 33.46 billion in 2021 and is set to reach around US$ 77.14 billion by 2028 at a CAGR of about 17.85% from 2022 to 2028.

The Global Smart Kitchen Appliances Market Report is Segmented Into by Product Type (smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers, And Other Product Types), Distribution Channel (multi-Branded Stores, Exclusive Stores, Online, And Other Distribution Channels), End Users (residential and Commercial), And by Geography (North America, Europe, Asia-pacific, South America, And Middle East & Africa). The Report Offers Market Size and Forecasts for the Smart Kitchen Appliances Market in Value (USD) for all the Above Segments.

The global smart home appliances market is expected to be valued at US$ 37.73 billion in 2023. Product demand is being driven by factors, such as the growing penetration of smart homes, rising home improvement projects, and rapid developments in IT and wireless communication.

The global revenue in the 'Smart Appliances' segment of the smart home market was forecast to continuously increase between 2023 and 2028 by in total 39.6 billion U.S. dollars (+75.43 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 92.2 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Smart Appliances' segment of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and user penetration. The Statista Market Insights cover a broad range of additional markets.

The smart kitchen appliances market is poised to reach a valuation of US$ 1,450.8 million in 2023. In 2022, the market's valuation was reached around US$ 1,326.1 million.

Historical Comparison of the Market From 2018 to 2022

Category-wise Outlook

Country-wise Analysis

The Smart Small Home Appliances Market is Segmented by Product Type (Smart Tea/Coffee Maker, Smart Vacuum Cleaner, Smart Air Purifier, Smart Humidifier, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report offers Market size and forecasts for Small Smart Home Appliances in value (USD Million) for all the above segments.

This statistic shows the revenues generated by the smart appliances market in the United States from 2011 to 2018. In 2018, the U.S. smart appliances market was estimated to generate 7.48 billion U.S. dollars in revenue.

Smart Kitchen Appliances Market is projected to reach USD 32.7 Bn by 2034, from USD 10.9 Bn in 2024, growing at a CAGR of 11.6%.

The global smart home appliances market size is expected to reach USD 131.90 billion by 2030 according to a new study by Polaris Market Research.

The global smart homes market size reached USD 137.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 347.5 Billion by 2033, exhibiting a growth rate (CAGR) of 10.33% during 2025-2033. The market is experiencing steady growth driven by the rising adoption of smartphones, along with the wide availability of high-speed internet, increasing focus on energy efficiency, and technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI).

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on component and application.

Global smart kitchen appliances market size was Valued at USD 18.75 Bn in 2023 & is predicted to grow USD 82.53 Bn by 2032 at 17.9% CAGR from 2024 - 2032

The size and share of the market is categorized based on Type (Smart Kitchen Appliances, Smart Laundry Appliances, Other) and Application (Specialty Retailers, Department Stores, Hypermarkets and Supermarkets, Online Stores) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size of the Europe Smart Kitchen Appliances Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 7.00% during the forecast period. Technological advancement and changes in preference in the consumption chain are boosting the European market of smart kitchen appliances at an extremely high rate. Smart kitchen appliances include some internet connectivity, apart from many advanced features that allow them to communicate with users as well as with other appliances. Devices are also often loaded with AI, voice control, and a facility for remote monitoring. Some of the better-known smart kitchen appliances include refrigerators that show you recipes and inventory through a touchscreen, an oven that automatically begins by preheating itself, or coffee makers that could be programmed to brew coffee at a particular time. These devices represent comfort, effectiveness, and a better experience for customers. For instance, a smart refrigerator will give you recipes that contain ingredients in the refrigerator, while a smart oven may monitor cooking or set the temperature up when cooking is required. The extent to which we believe technology will advance leaves us with much to conjure about how radical and advanced smart kitchen appliances will be in the European market. Recent developments include: April 2023: Europe's biggest home appliances maker Electrolux AB was the top gainer on the index, jumping 6.0%., January 2023: Samsung is offering Bespoke customization to the built-in cooking category and also introducing new refrigerator models. With the new additions, Samsung aims to continue to help make energy savings a seamless part of everyday life, enhance Smart Things connected services in more ways, and empower more personalized experiences in 2023.. Key drivers for this market are: Changing Lifestyles and Food Habits, Energy Efficiency and Sustainability. Potential restraints include: High Manufacturing Costs, Dependence on Raw Materials. Notable trends are: Smart Appliance are providing Opportunities for Customization and Personalization.

The revenue in the 'Smart Appliances' segment of the smart home market in Hungary was forecast to continuously increase between 2023 and 2028 by in total 81.7 million U.S. dollars (+81.79 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 181.6 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Smart Appliances' segment of the smart home market was continuously increasing over the past years.Find more information concerning Germany and China. The Statista Market Insights cover a broad range of additional markets.