The Smart Home Appliances Market Report is Segmented by Product Type (Smart Refrigerators, Smart Ovens, Smart Dishwashers, and More), Connectivity Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, Thread, Other Technologies), Distribution Channel (Online, Offline), End-User Industry (Residential, Commercial), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global smart home appliances market size is projected to grow from USD 42.51 billion in 2025 to USD 81.05 billion by 2033, exhibiting a CAGR of 8.4%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 39.22 Billion
Market Size in 2025	USD 42.51 Billion
Market Size in 2033	USD 81.05 Billion
CAGR	8.4% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Product,By Distribution Channel,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The market is projected to be valued at USD 44,136.3 million in 2025 and is anticipated to grow to USD 97,066.3 million by 2035, reflecting a compound annual growth rate (CAGR) of 8.2% throughout the forecast period.

Metric	Value
Industry Size (2025E)	USD 44,136.3 million
Industry Value (2035F)	USD 97,066.3 million
CAGR (2025 to 2035)	8.2%

Country wise Outlook

Country	CAGR (2025 to 2035)
USA	8.0%

Country	CAGR (2025 to 2035)
UK	7.9%

Country	CAGR (2025 to 2035)
European Union	8.5%

Country	CAGR (2025 to 2035)
Japan	8.3%

Country	CAGR (2025 to 2035)
South Korea	8.4%

Competitive Outlook

Company Name	Estimated Market Share (%)
Whirlpool Corp	18-22%
LG Electronics	15-19%
Haier Group	12-16%
Samsung Electronics Co. Ltd.	10-14%
Panasonic Corp.	7-11%
Other Companies (combined)	30-40%

Global Smart Home Appliances Market was valued at USD 48.12 Billion in 2024 and is expected to grow to USD 91.72 Billion by 2030 with a CAGR of 11.35%.

Pages	188
Market Size	2024: USD 48.12 Billion
Forecast Market Size	2030: USD 91.72 Billion
CAGR	2025-2030: 11.35%
Fastest Growing Segment	Online
Largest Market	North America
Key Players	1. LG Electronics Inc. 2. Haier Smart Home Co., Ltd. 3. Whirlpool Corporation 4. Samsung Electronics Co. Ltd. 5. Electrolux AB 6. Panasonic Corporation 7. BSH Hausgeräte GmbH 8. Koninklijke Philips N.V. 9. Xiaomi Corporation 10. Voltas Limited

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.

The global smart home appliances market size was valued at USD 45.51 Billion in 2024. The industry is expected to grow at a CAGR of 17.30% during the forecast period of 2025-2034 to reach a value of USD 224.43 Billion by 2034. The growth of the market is essentially supported by the changes to the cross-platform interoperability and AI-enabled features. Both these factors greatly contribute the way customers perceive convenience, automation and connectivity in their homes.

Users can operate the appliances in a more effortless, tailor-made, and environment-friendly manner as appliance manufacturers are heavily investing in on-device intelligence and open communication standards. The South Korean tech giant Samsung has, in fact, ushered this change by launching its 2024 Bespoke AI home appliance range in April 2024, equipped with SmartThings interconnection and super AI that makes appliances like refrigerators and washing machines not only able to comprehend user habits but also to adjust energy consumption accordingly.

Moreover, Bosch Smart Home has adopted Matter support in 2024 by upgrading its Smart Home Controller II and starting the [+M] product line with a view to securing compatibility with numerous smart-home ecosystems. Collectively, these breakthroughs are a clear indication that artificial intelligence and interoperability are two key trends that are coming closer and closer to each other to increase the efficiency of a smart home function, thus, expanding the global smart home appliances market scope and setting higher standards for unified, intelligent living environments globally.

The revenue is forecast to experience significant growth in all segments in 2028. The trend observed from 2020 to 2028 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Smart Appliances segment achieves the highest value of **** billion U.S. dollars at 2028. Find other insights concerning similar markets and segments, such as a comparison of number of users in Poland and a comparison of average revenue per unit (ARPU) in Europe. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Smart Home Appliances Market Size 2025-2029

The smart home appliances market size is forecast to increase by USD 109.7 billion, at a CAGR of 24.6% between 2024 and 2029.

The market is witnessing significant growth, driven by the continuous product innovation in technology, performance, features, and design. Smart home appliances are increasingly becoming an integral part of modern living, offering convenience, energy efficiency, and enhanced user experience. The introduction of additional features, such as voice control, remote monitoring, and smart home automation, is further fueling market growth. However, the high cost of these advanced appliances remains a significant challenge for mass adoption. Despite this, companies can capitalize on the market opportunities by focusing on cost reduction strategies, collaborations, and partnerships to make smart home appliances more affordable and accessible to a wider consumer base.
The ongoing trend towards IoT integration and the increasing demand for connected devices are also expected to provide significant growth prospects for market players. In summary, the market is poised for robust growth, driven by product innovation and the increasing demand for smart, connected devices, while the high cost remains a key challenge for market penetration. Companies must navigate these dynamics effectively to capitalize on market opportunities and maintain a competitive edge.

What will be the Size of the Smart Home Appliances Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with innovative technologies and applications unfolding across various sectors. Smart switches and ovens, for instance, are no longer mere conveniences but integral components of energy management systems. User interface design plays a crucial role in optimizing the user experience, enabling seamless interaction with these devices. Artificial intelligence and machine learning are revolutionizing energy efficiency, with smart refrigerators and air conditioners adapting to user behavior and preferences. Commercial applications of smart home technology are gaining traction, with powerline communication and cloud connectivity enabling remote monitoring and management of large-scale installations. Mesh networks and IoT hubs facilitate seamless integration of various smart devices, creating smart home ecosystems.

Energy management systems, user experience, and cost savings are key drivers in the residential sector. Smart home integrators are at the forefront of this dynamic market, ensuring compliance with standards and providing installation, maintenance, and customer support services. User privacy and data security are increasingly important considerations, with data analytics playing a vital role in enhancing the value proposition of these systems. Smart sensors and actuator technology are enabling new applications, from smart curtains and blinds to smart locks and security systems. Remote access and home automation systems are transforming the way we live, offering convenience, energy savings, and improved comfort and security. The ongoing evolution of this market is a testament to its potential to reshape the way we manage our homes and businesses.

How is this Smart Home Appliances Industry segmented?

The smart home appliances industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  SWMD
  Smart air conditioners
  Smart refrigerators
  Smart microwave ovens
  Smart dishwashers


Distribution Channel

  Offline
  Online


Connectivity

  Wi-Fi
  Bluetooth
  Zigbee
  Z-Wave


End-User

  Residential
  Commercial (Hotels, Apartments)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The swmd segment is estimated to witness significant growth during the forecast period.

Smart home appliances, including washing machines, are integrating advanced technologies such as voice assistants, IoT hubs, and app integration to enhance user experience and energy efficiency. Smart washing machines utilize connectivity options like Bluetooth, NFC, and Wi-Fi to link with home automation systems and energy management platforms. These appliances offer remote access and control, enabling consumers to manage their laundry cycles from anywhere. However, the manual loading process remains a limitation, preventing heavy investment. Players in the market, like Whirlpool and LG Electronics, are leveraging technologi

The Smart Kitchen Appliances Market Report is Segmented by Product (Large Kitchen Appliances, Small Kitchen Appliances), End User (Residential, Commercial), Distribution Channel (B2C/Retail, B2B), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

USD 38430.01 Million in 2024; projected USD 78368.5 Million by 2033; CAGR 8.2%.

The size of the Smart Home Appliances Market was valued at USD 31.11 billion in 2023 and is projected to reach USD 57.60 billion by 2032, with an expected CAGR of 9.2 % during the forecast period. Smart home appliances are very innovative devices which are designed for the convenience, efficiency, and automation of daily tasks in a house. These home appliances include a smart refrigerator, washing machine, thermostat, or lighting system which are connected through the internet for remote control with smartphones, tablets, or even voice commands via virtual assistants, such as Amazon Alexa or Google Assistant. One of the salient features of smart home appliances is that they can learn about user preferences and adapt to those, providing energy savings, enhanced security, and improved comfort. For instance, a smart thermostat may adjust the temperature based on when the house is occupied, while a smart refrigerator may monitor inventory and suggest recipes. The seamless automation of smart home appliances by integrating them with other devices ensures that, for example, when leaving the house, lights go off and the thermostat adjusts according to your desire. Smart home appliances are being developed to ensure that, through new technologies, a better home life is experienced with efficiency. Recent developments include: In June 2023, GE Profile™ launched the UltraFast Combo, an all-in-one laundry solution that utilizes ventless heat pump technology. The new combination of washer and dryer eliminates the laborious task of transferring the load from the washer to the dryer. , In June 2023, SmartThings announced new features for SmartThings Energy. The upgrades encourage individuals to take action on their energy consumption, save money, and gain incentives while contributing to a more sustainable future. , In April 2023, Samsung Electronics Co., Ltd. announced SmartThings Station, an affordable smart home hub and fast charging pad. It offers users to automate different aspects of their home environment with quick setup and compatibility with a wide range of smart home products. , In January 2023, the Home Connectivity Alliance (HCA) announced the HCA 1.0 interface specification at the Consumer Electronics Show in Las Vegas. Through this specification, consumers will be able to connect any device with any app and pave the path for more energy-efficient solutions. .

Smart Home Appliances market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.

ATTRIBUTES	DETAILS
STUDY PERIOD	2018-2031
BASE YEAR	2024
FORECAST PERIOD	2025-2031
HISTORICAL PERIOD	2018-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Samsung, BSH, GE, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, iRobot, Ecovacs, Neato, Haier, Midea, Hisense
SEGMENTS COVERED	By Product Type - Smart Air-Con and Heater, Smart Washing and Drying, Smart Fridges, Smart Large Cookers, Smart Dishwashers, Smart Vaccum Cleaners, Others By Application - Cooking, Food Storage, Cleaning, House Maintenance By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Smart Appliances Market by Product Type (Kitchen, Laundry, HVAC, Entertainment, Security), Technology (Wi-Fi, Bluetooth, Zigbee, Matter), Distribution Channel (Online, Offline, Direct), End User (Residential, Commercial), and Geography - Global Forecast to 2032

Indonesia smart home appliances market is valued at USD 340 million, driven by urbanization, rising incomes, and IoT adoption for energy-efficient solutions.

Introduction

The Global Smart Kitchen Appliances Market is projected to reach USD 32.7 billion by 2034, up from USD 10.9 billion in 2024, growing at a CAGR of 11.6% during the forecast period from 2025 to 2034.

The Smart Kitchen Appliances Market refers to the sector focused on innovative home appliances integrated with advanced technologies such as IoT (Internet of Things), artificial intelligence, and machine learning, designed to improve kitchen efficiency, convenience, and energy consumption. These appliances include smart refrigerators, ovens, dishwashers, and coffee makers that can be controlled remotely via smartphones or voice assistants, enabling users to monitor and manage kitchen tasks seamlessly.

The market is witnessing significant growth, driven by rising consumer demand for convenience, energy efficiency, and the adoption of smart home ecosystems. As urbanization increases and disposable incomes rise, consumers are increasingly investing in technologically advanced kitchen solutions. Key growth factors include the increasing trend toward smart homes, the proliferation of IoT devices, and heightened awareness about energy conservation. The growing demand for connected and automated home environments presents opportunities for manufacturers to innovate and capture a share of this rapidly expanding market.

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The number of smart homes in the 'Smart Appliances' segment of the smart home market worldwide was modeled to be ************** users in 2024. Following a continuous upward trend, the number of smart homes has risen by ************** users since 2018. Between 2024 and 2029, the number of smart homes will rise by ************** users, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Smart Appliances.

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.

Attributes	Details
Market Value for 2024	US$ 37,980.4 million
Projected Market Value for 2034	US$ 88,030.6 million
Value-based CAGR of the Market for 2024 to 2034	8.80%

Category-wise Insights

Attributes	Details
Appliance Type	Kitchen
Market Share (2024)	31.40%

Attributes	Details
Technology Type	NFC-powered
Market Share (2024)	42.40%

Country-wise Insights

Countries	CAGR (2024 to 2034)
Australia	12.30%
China	9.30%
United States	5.60%
Germany	4.20%
Japan	3.50%

In 2024, Market Research Intellect valued the Smart Home Appliances Market Report at USD 100 billion, with expectations to reach USD 200 billion by 2033 at a CAGR of 8.5%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

As of the third quarter of 2020, the electronics manufacturer Xiaomi had a market share of over ** percent among smart home electronic brands in China. Compared to Midea and Haier, Xiaomi has a broader product range, including smartphones and other consumer electronics.

The size of the Smart Home Appliances Market in the UK was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3% during the forecast period. Recent developments include: On Feb 2nd, 2022, LG Electronics (LG) showcased its robust 2022 lineup of commercial, light commercial, and residential HVAC solutions - including industry-leading Variable Refrigerant Flow (VRF) technology, latest energy-efficient heat pump systems, indoor air quality solutions, and flexible building automation and connectivity products - at the 2022 AHR Expo in Las Vegas., In March 2021, Samsung introduced new kitchen appliances range under the Baker Series microwaves. The new microwaves series comes with steaming, grilling, and frying features with convection features.. Key drivers for this market are: Advancements in Materials or Designs that Enhance Durability Which Led to Increase the Drum Liner Market. Potential restraints include: Higher Production Costs or Expensive Raw Materials can Limit Market Accessibility. Notable trends are: Rising Urbanization Augmenting Demand for Small Appliances in United Kingdom.