Smart Appliances - United Kingdom
United Kingdom- The projected revenue for the Smart Appliances market in the United Kingdom is expected to reach US$3.1bn in 2024.
- This represents a significant growth potential for the market.
- With an annual growth rate of 12.52% (CAGR 2024-2028), the market volume is projected to reach US$5.0bn by 2028.
- Looking at the number of active households in the Smart Appliances market, it is expected to reach 13.5m users by 2028.
- This indicates a strong and growing demand for smart appliances among UK households.
- Household penetration, which currently stands at 18.0% in 2024, is expected to rise to 44.9% by 2028.
- This suggests that a significant portion of households will adopt smart appliances in the coming years.
- In terms of revenue per installed Smart_Home, the average is projected to be US$581.90.
- This indicates the potential value and profitability of the smart appliances market in the UK.
- It showcases the willingness of consumers to invest in these technologically advanced products.
- When comparing the global market, it is worth noting that China leads in terms of revenue generation.
- In 2024, China is projected to generate US$17.0bn in revenue in the Smart Appliances market.
- This highlights the strong market presence and demand for smart appliances China.
- Overall, the Smart Appliances market in the United Kingdom is expected to experience substantial growth, both in terms of revenue and household adoption.
- This presents an opportunity for businesses operating in this market to capitalize on the growing demand for smart appliances among UK consumers.
- The United Kingdom is experiencing a surge in demand for smart appliances, driven by the growing trend of connected homes and emphasis on energy efficiency.
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)
