Smart Appliances - Niger | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$2.3m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.09%, resulting in a projected market volume of US$4.7m by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 63.7k users by 2029.
Household penetration will be 0.6% in 2024 and is expected to hit 1.1% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$87.03.

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 Niger is experiencing steady growth due to increasing customer preferences for convenient and efficient household appliances.

Customer preferences: Customers in Niger are increasingly seeking smart appliances that offer convenience, energy efficiency, and connectivity. With the rise of smart homes and the Internet of Things (IoT), consumers are looking for appliances that can be controlled remotely through their smartphones or other devices. This allows them to monitor and manage their appliances even when they are not at home. Additionally, customers are becoming more conscious of energy consumption and are opting for appliances that are energy-efficient and environmentally friendly.

Trends in the market: One of the key trends in the Smart Appliances market in Niger is the growing demand for smart kitchen appliances. With the changing lifestyle and busy schedules, consumers are looking for appliances that can make their cooking experience easier and more efficient. Smart kitchen appliances such as smart refrigerators, ovens, and dishwashers offer features like remote control, recipe suggestions, and energy monitoring, which are highly appealing to customers. Another emerging trend is the adoption of smart home security systems, including smart locks, doorbells, and surveillance cameras. These appliances provide enhanced security and peace of mind for homeowners.

Local special circumstances: Niger is a developing country with a rapidly expanding middle class. As incomes rise, consumers are willing to invest in smart appliances that offer convenience and improve their quality of life. The increasing urbanization in Niger also plays a role in the growth of the Smart Appliances market. Urban dwellers are more likely to have access to reliable internet connections and are more open to adopting smart home technologies. Additionally, the government of Niger has been promoting the use of renewable energy sources, which has led to an increased interest in energy-efficient appliances among consumers.

Underlying macroeconomic factors: The growing Smart Appliances market in Niger can be attributed to several underlying macroeconomic factors. Firstly, the increasing availability and affordability of smartphones and internet connectivity have made it easier for consumers to connect and control their smart appliances. Additionally, the government of Niger has been investing in improving the country's infrastructure, including electricity supply and internet connectivity, which has facilitated the adoption of smart appliances. Lastly, the rising awareness about environmental sustainability and energy conservation has encouraged consumers to opt for energy-efficient appliances, driving the demand for smart appliances in the market. In conclusion, the Smart Appliances market in Niger is witnessing growth due to the increasing customer preferences for convenience, energy efficiency, and connectivity. The demand for smart kitchen appliances and home security systems is on the rise, driven by the changing lifestyle and the desire for enhanced convenience and security. The local special circumstances, such as the expanding middle class and government initiatives promoting renewable energy, are also contributing to the growth of the market. The underlying macroeconomic factors, including the availability of smartphones and internet connectivity, infrastructure development, and environmental awareness, are further fueling the growth of the Smart Appliances market in Niger.

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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