Smart Appliances - Central Africa

Revenue in the Smart Appliances market is projected to reach US$18.8m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.90%, resulting in a projected market volume of US$31.6m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 378.8k users by 2029.
Household penetration will be 0.9% in 2024 and is expected to hit 1.7% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$108.30.

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 Central Africa is experiencing significant growth and development due to several factors. Customer preferences in Central Africa have shifted towards more efficient and convenient household appliances.

With the increasing urbanization and rising middle class in the region, consumers are looking for smart appliances that can save time, energy, and money. Smart appliances offer features such as remote control, energy monitoring, and automation, which align with the growing demand for convenience and sustainability. Trends in the market show that consumers in Central Africa are increasingly adopting smart appliances such as smart refrigerators, washing machines, and air conditioners.

These appliances are equipped with advanced technologies such as IoT connectivity, artificial intelligence, and machine learning, which enable them to optimize performance based on user preferences and usage patterns. This trend is driven by the desire for more efficient and personalized home appliances that can enhance the overall living experience. Local special circumstances in Central Africa also contribute to the development of the Smart Appliances market.

The region faces challenges such as frequent power outages and high energy costs. Smart appliances with energy-saving features and power management capabilities are in high demand as they can help consumers mitigate these challenges. Additionally, the increasing awareness and concern for environmental sustainability in the region further drive the adoption of smart appliances that promote energy efficiency.

Underlying macroeconomic factors in Central Africa also play a role in the growth of the Smart Appliances market. The region is experiencing economic growth and urbanization, which leads to an increase in disposable income and consumer spending. As consumers become more affluent, they are willing to invest in high-quality and technologically advanced appliances, including smart appliances.

Furthermore, government initiatives and policies that promote energy efficiency and sustainability also contribute to the growth of the market. In conclusion, the Smart Appliances market in Central Africa is developing rapidly due to customer preferences for efficient and convenient appliances, trends towards smart and connected devices, local special circumstances such as power outages and high energy costs, and underlying macroeconomic factors such as economic growth and government initiatives. This market presents significant opportunities for manufacturers and retailers to cater to the evolving needs and preferences of consumers in the region.

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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