Smart Appliances - Suriname | Statista Market Forecast

Revenue in the Smart Appliances market is projected to reach US$106.6k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.69%, resulting in a projected market volume of US$169.2k by 2029.
In the Smart Appliances market, the number of active households is expected to amount to 2.6k users by 2029.
Household penetration will be 0.9% in 2024 and is expected to hit 1.8% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$78.46.

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)

Suriname, a small country located on the northeastern coast of South America, is experiencing a growing trend in the Smart Appliances market. As technology continues to advance and become more accessible, consumers in Suriname are increasingly adopting smart appliances in their homes.

Customer preferences in Suriname are shifting towards convenience, efficiency, and sustainability. Smart appliances offer a range of features that cater to these preferences, such as remote control and monitoring capabilities, energy efficiency, and integration with other smart devices. With the ability to control appliances from their smartphones or tablets, consumers in Suriname are finding it more convenient to manage their household tasks and save time.

Additionally, the energy-saving features of smart appliances align with the growing awareness of sustainability and environmental concerns among consumers in Suriname. One of the key trends in the Smart Appliances market in Suriname is the increasing demand for smart home systems. These systems integrate multiple smart appliances and devices, allowing homeowners to control and automate various aspects of their homes.

This trend is driven by the desire for a seamless and interconnected living environment, where appliances can communicate with each other and adapt to the needs and preferences of the users. Suriname's market is witnessing a rise in the adoption of smart home systems, as consumers recognize the benefits of a more efficient and convenient lifestyle. Another trend in the Smart Appliances market in Suriname is the growing popularity of voice-controlled devices.

Virtual assistants, such as Amazon Alexa and Google Assistant, are becoming increasingly common in Surinamese households. These devices allow users to control their smart appliances through voice commands, providing a hands-free and intuitive user experience. The convenience and ease of use offered by voice-controlled devices are driving their adoption in Suriname.

In addition to customer preferences, there are local special circumstances that are contributing to the development of the Smart Appliances market in Suriname. As a small country with a relatively high population density, space is a constraint for many households in Suriname. Smart appliances, with their compact designs and multi-functionality, offer a solution to this issue by maximizing the efficient use of limited space.

The compact size of smart appliances makes them suitable for small apartments and houses in Suriname. The underlying macroeconomic factors in Suriname, such as the steady economic growth and increasing disposable income, are also driving the development of the Smart Appliances market. As the economy continues to improve, consumers in Suriname have more purchasing power and are willing to invest in smart appliances that offer convenience and efficiency.

Additionally, the government of Suriname has been actively promoting the adoption of smart technologies, including smart appliances, as part of its efforts to modernize the country's infrastructure and improve the quality of life for its citizens. Overall, the Smart Appliances market in Suriname is experiencing growth due to customer preferences for convenience, efficiency, and sustainability, as well as the local special circumstances and underlying macroeconomic factors. As technology continues to advance and become more affordable, the adoption of smart appliances is expected to increase in Suriname, further driving the growth of the market.

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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