Smart Appliances - Luxembourg
Luxembourg- Luxembourg is projected to see a significant increase in revenue within the Smart Appliances market.
- By 2024, revenue is estimated to reach US$2.3m.
- This growth is expected to continue with an annual growth rate of 9.10% (CAGR 2024-2028), resulting in a projected market volume of US$3.3m by 2028.
- In line with this growth, the number of active households in the Smart Appliances market is also projected to increase.
- By 2028, it is expected to reach 17.2k users households.
- This indicates a growing adoption of smart appliances in Luxembourg.
- Furthermore, household penetration, which measures the percentage of households with smart appliances, is anticipated to rise from 3.9% in 2024 to 6.3% by 2028.
- This demonstrates an increasing trend of integrating smart appliances into households throughout the country.
- Currently, the average revenue per installed Smart_Home in Luxembourg is expected to amount to US$224.90.
- This figure highlights the value generated by each smart home in terms of revenue.
- When compared globally, China currently generates the highest revenue in the Smart Appliances market.
- In 2024, China's revenue is estimated to reach US$17.0bn, indicating its dominance in the market.
- In conclusion, the Smart Appliances market in Luxembourg is poised for growth, with projected increases in revenue, household adoption, and household penetration.
- Despite global competition, the country is well-positioned to capitalize on the market potential of smart appliances.
- Luxembourg, known for its high-tech industries, has seen a surge in demand for smart appliances, driven by its affluent population and focus on sustainability.
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)
