Smart Appliances - Jordan | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$5.0m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.16%, resulting in a projected market volume of US$7.8m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 75.7k users by 2029.
Household penetration will be 1.8% in 2024 and is expected to hit 3.5% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$133.90.

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 Jordan is experiencing significant growth and development. Customer preferences for smart and connected devices, along with advancements in technology, are driving this trend.

Additionally, local special circumstances and underlying macroeconomic factors are contributing to the market's growth. Customer preferences in Jordan are shifting towards smart appliances due to their convenience and energy efficiency. Consumers are increasingly looking for appliances that can be controlled remotely through smartphone apps or voice assistants.

This allows them to monitor and control their appliances even when they are not at home. Additionally, smart appliances offer features such as energy monitoring and optimization, which help consumers reduce their energy consumption and save on utility bills. As a result, there is a growing demand for smart refrigerators, washing machines, air conditioners, and other appliances in the Jordanian market.

Trends in the market indicate that smart appliances are becoming more affordable and accessible to a wider range of consumers. As technology advances, the costs of producing smart appliances are decreasing, making them more affordable for the average consumer. This has led to an increase in the adoption of smart appliances in Jordan.

Furthermore, manufacturers are introducing a wider variety of smart appliances with different features and functionalities, catering to the diverse needs and preferences of consumers. This has further fueled the growth of the market. Local special circumstances in Jordan, such as the increasing urbanization and the government's focus on promoting energy efficiency, are also contributing to the development of the smart appliances market.

With more people moving to urban areas, there is a greater need for efficient and connected appliances that can optimize space and resources. Additionally, the Jordanian government has implemented initiatives and regulations to promote energy efficiency and reduce carbon emissions. This has created a favorable environment for the adoption of smart appliances, which are known for their energy-saving capabilities.

Underlying macroeconomic factors, such as the growing middle class and increasing disposable income, are driving the demand for smart appliances in Jordan. As the economy grows, more people have the financial means to invest in high-quality and technologically advanced appliances. The rising disposable income allows consumers to afford the premium price tag associated with smart appliances.

Moreover, the perception of smart appliances as a status symbol and a sign of modernity is also influencing consumer behavior and driving the market's growth. In conclusion, the Smart Appliances market in Jordan is experiencing significant growth and development due to customer preferences for convenience and energy efficiency, along with advancements in technology. Local special circumstances, such as urbanization and government initiatives, are also contributing to the market's growth.

Underlying macroeconomic factors, such as the growing middle class and increasing disposable income, are driving the demand for smart appliances in Jordan. As a result, the market is expected to continue expanding 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.

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