Smart Appliances - Mauritius | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$887.5k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.24%, resulting in a projected market volume of US$1.4m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 12.3k users by 2029.
Household penetration will be 2.1% in 2024 and is expected to hit 4.2% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$149.10.

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 Mauritius is experiencing a steady growth due to the increasing demand for smart home technologies.

Customer preferences: Mauritian consumers are increasingly drawn towards smart appliances due to their convenience and energy-saving features. The ability to control and monitor appliances remotely through smartphone applications is highly valued by consumers, as it provides them with greater flexibility and peace of mind. Additionally, the energy-saving capabilities of smart appliances align with the growing emphasis on sustainability and environmental consciousness among Mauritian consumers.

Trends in the market: One of the key trends in the Smart Appliances market in Mauritius is the integration of artificial intelligence (AI) and machine learning technologies. Smart appliances are becoming more intelligent and capable of learning consumer preferences and adapting their functionality accordingly. This trend is driven by the desire to enhance the user experience and provide personalized solutions. For example, smart refrigerators can learn the consumption patterns of a household and suggest personalized shopping lists or recipes based on the available ingredients. Another trend in the market is the increasing availability of smart home ecosystems. Major players in the industry are developing comprehensive smart home systems that integrate various smart appliances and devices. This allows consumers to control and monitor all aspects of their home through a single platform, providing a seamless and integrated user experience. These ecosystems often include features such as voice control, security systems, and energy management, further enhancing the appeal of smart appliances.

Local special circumstances: The unique circumstances in Mauritius contribute to the growth of the Smart Appliances market. As a small island nation, energy efficiency is a top priority for the government and consumers. Smart appliances offer energy-saving features that align with the country's sustainability goals. Additionally, the relatively high disposable income of Mauritian consumers enables them to invest in smart home technologies.

Underlying macroeconomic factors: The growing middle class in Mauritius, coupled with the increasing urbanization and modernization of the country, are key macroeconomic factors driving the growth of the Smart Appliances market. As more households in Mauritius transition to urban areas, the demand for smart appliances is expected to increase. Additionally, the government's focus on promoting technological advancements and digitalization further supports the growth of the market. In conclusion, the Smart Appliances market in Mauritius is witnessing a steady growth driven by customer preferences for convenience and energy-saving features. The integration of AI and machine learning technologies, the availability of smart home ecosystems, and the unique circumstances in Mauritius contribute to the development of the market. The growing middle class and the government's focus on technological advancements are underlying macroeconomic factors that further propel the growth of the Smart Appliances market in Mauritius.

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.

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