PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1811759
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1811759
The smart appliances market is valued at USD 39.38 billion in 2025 and is projected to reach USD 71.28 billion by 2030, registering a CAGR of 11.0% during the forecast period. The smart appliances market is experiencing significant growth as consumers increasingly adopt connected and automated home solutions. Core appliances such as refrigerators, washing machines & dryers, dishwashers, ovens & cooktops, and air conditioners are integrating advanced features like Wi-Fi connectivity, AI-driven automation, and remote control to improve convenience, energy efficiency, and operational management.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Product, Connectivity Type, Sales Channel and Region |
Regions covered | North America, Europe, APAC, RoW |
Water heaters, microwaves, coffee makers, vacuum cleaning robots, air purifiers, and cooking robots are also gaining popularity by offering personalized settings, predictive maintenance alerts, and seamless interoperability with other smart devices. The combined adoption of these appliances is driving market expansion, fueled by rising consumer demand for intelligent, energy-efficient, and smart home solutions.
"The online sales channel segment is expected to grow at the highest CAGR during the forecast period."
The online sales channel segment in the smart appliances market is projected to grow at the highest CAGR during the forecast period due to technological advances, changing consumer behavior, and improved digital infrastructure. Rising internet access and widespread smartphone use are enabling more consumers to explore and buy smart appliances easily from e-commerce sites, brand websites, and digital marketplaces like Amazon and Flipkart. Innovative features such as AI-based personalized recommendations, virtual product demos, and augmented reality tools help customers visualize appliance arrangement and functions before purchasing, boosting confidence and reducing hesitation. Moreover, the growing preference for contactless shopping has shifted consumer reliance toward online channels. Attractive offers, including flexible financing, subscription services, same-day delivery, and loyalty programs, further motivate online buying. These factors, along with ongoing investments by manufacturers and retailers in digital marketing and omnichannel strategies, are fueling the rapid growth of online sales segment.
"Air Conditioners are expected to hold the largest market share in the smart appliances market during the study period."
The air conditioner segment is expected to dominate the smart appliances market during the forecast period due to increasing demand for energy-efficient and connected climate control solutions in both residential and commercial spaces. Growing urbanization and rising disposable incomes are pushing consumers to adopt smart air conditioning systems that offer remote control, programmable scheduling, and integration with voice assistants and home automation platforms. Additionally, technological advancements such as IoT-enabled sensors, adaptive cooling, and AI-powered energy management improve user comfort while decreasing electricity use, making these appliances more appealing. Seasonal temperature changes, along with the need to maintain optimal indoor air quality, further boost their popularity. Major manufacturers like Samsung (South Korea), LG Electronics (South Korea), and Panasonic Corporation (Japan) are actively launching smart, feature-rich air conditioners, boosting market penetration. The combination of convenience, energy efficiency, and advanced features makes air conditioners a key revenue-generating segment within the smart appliances market.
"Germany to dominate European smart appliances market in 2024."
Germany leads the smart appliances market in Europe during the forecast period, driven by strong domestic innovation, supportive government policies, and a tech-savvy consumer base. In February 2025, BSH Home Appliances launched advanced Bosch and Siemens dishwashers featuring Steam Treatment, Self-Cleaning Filters, and Extra Clean Zones, meeting the rising demand for energy-efficient and high-performance appliances. Additionally, Vorwerk introduced the Thermomix(R) TM7 in Berlin, a multifunctional cooking robot with AI-assisted recipes and voice control, highlighting the trend toward multifunctional kitchen devices in premium households. At CES 2025, BSH showcased its Matter-enabled smart appliances, including connected refrigerators and dishwashers designed for seamless integration with popular smart home ecosystems, reinforcing Germany's leadership in smart home technology. Government initiatives, such as implementing dynamic electricity tariffs and nationwide smart meter rollouts starting in 2025, further support smart appliance adoption by promoting energy efficiency and sustainability. These developments underline Germany's commitment to integrating advanced technologies into everyday household appliances, positioning it as a leader in the European smart appliances market.
SAMSUNG (South Korea), LG Electronics (South Korea), Panasonic Corporation (Japan), Whirlpool (US), GE Appliances, a Haier company (US), AB Electrolux (Sweden), Midea (China), BSH Hausgerate GmbH (Germany), Xiaomi (China), and Miele & Cie. KG (Germany) are some of the key players in the smart appliances market.
The study includes a detailed competitive analysis of these major smart appliance players, covering their company profiles, recent developments, and key market activities and strategies.
Research Coverage
This research report categorizes the smart appliances market by product (refrigerators, washing machines and dryers, dishwashers, ovens and cooktops, air conditioners, water heaters, microwaves, coffee makers, vacuum cleaning robots, air purifiers, cookers and cooking robots, other smart appliances), by connectivity type (Wi-Fi, Bluetooth), by sales channel (online, offline), by vertical (residential, commercial), and by region (North America, Europe, the Asia Pacific, and the Rest of the World). The report's scope includes detailed information on key factors such as drivers, restraints, challenges, and opportunities that influence the growth of the smart appliances market. A comprehensive analysis of the major industry players offers insights into their business overview, solutions, products, key strategies, contracts, partnerships, agreements, new product launches, mergers and acquisitions, and other recent developments related to the smart appliances market. This report also covers the competitive landscape of the upcoming startups in the smart appliances market.
Reasons to buy this report
The report will assist market leaders and newcomers with information on approximate revenue figures for the overall smart appliances market and its subsegments. It will also help stakeholders understand the competitive landscape and gain better insights to position their businesses more effectively and develop appropriate go-to-market strategies. Additionally, the report helps stakeholders grasp the market pulse and offers details on key market drivers, restraints, challenges, and opportunities.