Smart Appliances - Chad | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$1.8m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.03%, resulting in a projected market volume of US$3.2m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 47.6k users by 2029.
Household penetration will be 0.7% in 2024 and is expected to hit 1.3% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$81.96.

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 Chad is experiencing significant growth due to several factors. Customer preferences are shifting towards more efficient and convenient appliances, and the market is responding to meet these demands. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the development of the Smart Appliances market in Chad.

Customer preferences: In Chad, customers are increasingly seeking appliances that offer energy efficiency and convenience. This is driven by a growing awareness of the need to reduce energy consumption and the desire for appliances that can simplify daily tasks. Smart appliances, such as refrigerators with energy-saving features and washing machines with smart controls, are becoming more popular among consumers. These appliances not only help to reduce energy consumption but also offer added convenience through features like remote control and automated settings.

Trends in the market: The Smart Appliances market in Chad is witnessing a trend towards connected appliances. With the increasing adoption of smartphones and internet connectivity, consumers are looking for appliances that can be controlled and monitored remotely. This allows them to manage their appliances from anywhere, providing convenience and peace of mind. Smart refrigerators, ovens, and air conditioners are among the most sought-after appliances in the market. These appliances offer features such as temperature control, energy monitoring, and remote diagnostics, enhancing the overall user experience.

Local special circumstances: Chad has a rapidly growing urban population, which is driving the demand for smart appliances. As more people move to cities, there is a greater need for efficient and convenient appliances that can accommodate the demands of urban living. Additionally, Chad experiences frequent power outages, which further fuels the demand for energy-efficient appliances. Smart appliances with features like power backup and energy-saving modes are particularly attractive to consumers in Chad.

Underlying macroeconomic factors: The development of the Smart Appliances market in Chad is also influenced by underlying macroeconomic factors. The country has been experiencing economic growth, which has led to an increase in disposable income. As a result, consumers have more purchasing power and are able to invest in higher-end appliances. Furthermore, government initiatives to promote sustainable living and energy conservation have also contributed to the growth of the smart appliances market. Incentives such as tax breaks and subsidies for energy-efficient appliances have encouraged consumers to opt for smart appliances. In conclusion, the Smart Appliances market in Chad is witnessing significant growth due to shifting customer preferences towards energy-efficient and convenient appliances. The trend towards connected appliances is also driving market development. Local special circumstances, such as the growing urban population and frequent power outages, further contribute to the demand for smart appliances. Additionally, underlying macroeconomic factors, including economic growth and government initiatives, play a role in the market's development. Overall, the Smart Appliances market in Chad is poised for continued growth in the coming years.

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.

Smart homes use connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy. They are the ongoing revolution of the humble home appliance mixed with AI, robotics, and improvement in IoT technologies. AI in particular, speeding up response times and working as an automation bridge between homeowner and home is already having an impact.

“Alexa, can you tell me something about smart speakers?” is just one of the many questions smart speakers can answer today, with people using and relying on these devices for a wide range of purposes. Smart speakers are devices powered by a voice-enabled virtual intelligent assistant and can work as central controlling hubs for smart homes. Indeed, capable of performing a vast array of functions, such devices are used not only for entertainment, but also for searching the web, answering questions, and many other activities, such as creating a shopping list and providing you with weather forecast. In line with the rising popularity of smart home technology, the prevalence of smart speakers in households has steadily grown and are today among consumers’ favorite electronic devices.