Smart Appliances - Mozambique | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$8.9m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.39%, resulting in a projected market volume of US$15.2m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 201.7k users by 2029.
Household penetration will be 1.3% in 2024 and is expected to hit 2.5% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$93.89.

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 Mozambique is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances. Customer preferences in Mozambique are shifting towards smart appliances that offer convenience, efficiency, and connectivity.

Consumers are increasingly seeking appliances that can be controlled remotely through smartphone apps or voice commands. This allows them to monitor and control their appliances even when they are not at home, providing them with a greater sense of control and convenience. Additionally, energy efficiency is a key consideration for customers in Mozambique, as it helps to reduce electricity bills and minimize environmental impact.

Therefore, smart appliances that are designed to be energy-efficient are in high demand in the market. Trends in the Smart Appliances market in Mozambique are aligned with global trends, but with some local variations. One of the major trends is the integration of smart appliances with smart home systems.

This allows consumers to create a connected ecosystem within their homes, where different appliances and devices can communicate with each other and be controlled from a central hub. This trend is driven by the increasing popularity of smart home automation systems, which offer convenience, security, and energy efficiency. Another trend is the adoption of artificial intelligence (AI) and machine learning in smart appliances.

AI-powered appliances can learn from user behavior and adjust their settings accordingly, providing a personalized and optimized user experience. This trend is particularly relevant in Mozambique, where consumers are looking for appliances that can adapt to their specific needs and preferences. Local special circumstances in Mozambique also contribute to the development of the Smart Appliances market.

Mozambique is experiencing rapid urbanization, with a growing number of people moving to cities. This urban population is more likely to adopt smart appliances, as they offer convenience and efficiency in smaller living spaces. Additionally, Mozambique has a high reliance on renewable energy sources, such as solar power.

This presents an opportunity for the development of smart appliances that can be powered by solar energy, further enhancing their energy efficiency and sustainability. Underlying macroeconomic factors also play a role in the development of the Smart Appliances market in Mozambique. The country has been experiencing steady economic growth, which has led to an increase in disposable incomes.

As a result, consumers have more purchasing power and are willing to invest in smart appliances that offer added value and convenience. Furthermore, the government of Mozambique has been focusing on promoting digitalization and technological advancements in various sectors, including the household appliances industry. This creates a favorable business environment for manufacturers and retailers of smart appliances, as they can benefit from government support and incentives.

In conclusion, the Smart Appliances market in Mozambique is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Consumers in Mozambique are increasingly seeking smart appliances that offer convenience, efficiency, and connectivity. The integration of smart appliances with smart home systems and the adoption of AI and machine learning are key trends in the market.

Local special circumstances, such as rapid urbanization and a high reliance on renewable energy, further contribute to the growth of the market. The steady economic growth and government support for technological advancements also create a favorable business environment for the Smart Appliances market in Mozambique.

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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