Smart Appliances - G7
G7- The Smart Appliances market is anticipated to generate a revenue of US$24.2bn in 2024.
- It is projected to experience a compound annual growth rate (CAGR 2024-2028) of 11.00%, resulting in a market volume of US$36.7bn by 2028.
- In the G7 country, the number of active households in this segment is expected to reach 140.7m users by 2028.
- The household penetration rate is predicted to be 15.3% in 2024 and is projected to increase to 40.9% by 2028.
- The average revenue per installed Smart_Home is currently estimated to be US$470.40.
- When comparing revenue globally, China stands as the top revenue generator, with US$17.0bn in 2024.
- In Japan, the market for smart appliances is booming, with innovative features and high-tech designs appealing to tech-savvy consumers.
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)
