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Smart Appliances - Benelux

Benelux
  • The revenue in the Smart Appliances market in Benelux is projected to reach US$1.1bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2028) of 9.39%, resulting in a projected market volume of US$1.5bn by 2028.
  • In Benelux, the number of active households in the Smart Appliances market is expected to amount to 6.1m users by 2028.
  • The household penetration rate is projected to be 16.1% in 2024 and is expected to reach 44.3% by 2028.
  • Currently, the average revenue per installed Smart_Home in Benelux is expected to be US$487.50.
  • When compared globally, it is worth noting that China generates the most revenue in the Smart Appliances market, with US$17.0bn in 2024.
  • The demand for smart appliances in the Benelux region is rapidly increasing due to the tech-savvy and environmentally conscious consumer base.

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)
Smart Appliances: market data & analysis - Cover

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Smart Appliances: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The segment Smart Appliances includes connected versions of all kinds of household appliances. In most cases, smart appliances are incremental innovations which add new features to existing products rather than creating totally new devices. The high amount of revenues are generated mainly by relatively high product prices. Many customers as a first step purchase lower-priced small appliances such as smart coffee machines or vacuum robots, whereas people who already own products from other segments are more likely to purchase large, higher-priced appliances like fridges. We expect devices to be adopted rather moderately in Europe and North America, but more quickly in Asia.

    Smart Homes

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    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 segment. 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 digital products and services 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 twice a year in case market dynamics change.

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    Smart Appliances: market data & analysis - BackgroundSmart Appliances: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Smart home - statistics & facts

    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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