Smart Appliances - Burundi | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$1.7m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.99%, resulting in a projected market volume of US$3.5m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 41.5k users by 2029.
Household penetration will be 0.8% in 2024 and is expected to hit 1.5% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$90.96.

Definition:

Smart Appliances market includes connected versions of all kinds of household appliances. This includes large appliances (fridges, washing machines, ovens etc.) as well as small appliances (microwaves, coffee machines, vacuum and mowing robots etc.), provided they are connected to the internet. An indirect connection via a local network is also possible, as long as the remote access and control of the respective appliances via the connection is given.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Irobot, LG, Samsung, Xiaomi, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

Directly or indirectly internet-controllable household appliances
Large appliances such as fridges, washing machines, dishwashers, ovens (e.g., Samsung Side-by-Side, E, 614 ℓ, LG GSXV90MCDE Side-by-Side )
Small appliances such as coffee machines (e.g., Bosch CTL636EB6), vacuum and mowing robots (e.g., Roborock S8 Pro Ultra Robot Vacuum Cleaner), microwaves (e.g., SARO SAMSUNG MJ2691)

Any other smart home device (partially also referred to as “appliances”)
Any non-connected household appliances
B2B/C2C sales of any kind (e.g., to hotels or office buildings)

The Smart Appliances market in Burundi is experiencing significant growth, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in Burundi are shifting towards more efficient and convenient appliances.

Consumers are increasingly seeking smart appliances that can be controlled remotely, provide real-time data, and offer energy-saving features. This is in line with global trends, as consumers worldwide are becoming more conscious of energy consumption and environmental impact. Additionally, the growing middle class in Burundi is driving demand for higher quality products and advanced technologies, including smart appliances.

Trends in the market indicate a strong growth potential for smart appliances in Burundi. The increasing availability of internet connectivity and the adoption of mobile devices have created a favorable environment for the growth of smart appliances. Consumers are now able to control and monitor their appliances remotely through smartphone apps, which enhances convenience and efficiency.

Furthermore, the integration of artificial intelligence and voice control technologies into smart appliances is gaining popularity in Burundi. This allows consumers to interact with their appliances using voice commands, making their daily tasks easier and more efficient. Local special circumstances in Burundi also contribute to the development of the Smart Appliances market.

The country has been experiencing rapid urbanization, with more people moving to cities and living in smaller spaces. As a result, there is a growing demand for compact and multifunctional appliances that can maximize limited living space. Smart appliances, with their compact designs and innovative features, are well-suited to meet these demands.

Underlying macroeconomic factors also play a role in the growth of the Smart Appliances market in Burundi. The country's improving economic conditions and rising disposable incomes have increased consumer purchasing power. This has led to a higher demand for consumer goods, including smart appliances.

Additionally, government initiatives and incentives to promote energy efficiency and sustainability further drive the adoption of smart appliances in Burundi. In conclusion, the Smart Appliances market in Burundi is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumers in Burundi seek more efficient and convenient appliances, the demand for smart appliances is expected to continue to rise.

The increasing availability of internet connectivity, adoption of mobile devices, and integration of advanced technologies further contribute to the growth of the market. With favorable market conditions and a growing middle class, the Smart Appliances market in Burundi presents opportunities for both local and international manufacturers.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

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