Smart Appliances - Baltics
Baltics- The Smart Appliances market in the Baltics is predicted to achieve a revenue of US$134.3m in 2024.
- Furthermore, it is anticipated that this revenue will experience a compound annual growth rate (CAGR 2024-2028) of 11.26%.
- Consequently, the projected market volume is expected to reach US$205.8m by 2028.
- In terms of active households, it is estimated that there will be approximately 271.3k users in the Baltics by 2028.
- The household penetration rate is forecasted to increase from 5.3% in 2024 to 9.4% by 2028.
- Additionally, the average revenue per installed Smart_Home is projected to be US$903.90.
- When comparing global figures, it is worth noting that China generates the highest revenue in the Smart Appliances market, with US$17.0bn in 2024.
- The adoption of smart appliances in the Baltics is rapidly increasing, with consumers in Estonia leading the way in embracing this technology.
The Smart Home market Smart Appliances 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.
In-Scope
- Directly or indirectly internet-controllable household appliances
- Large appliances such as fridges, washing machines, dish washers, ovens
- Small appliances such as coffee machines, vacuum and mowing robots, microwaves
Out-Of-Scope
- 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)
