Skip to main content
  1. Market Insights
  2. Digital
  3. Smart Home

Smart Appliances - United Kingdom

United Kingdom
  • The projected revenue for the Smart Appliances market in the United Kingdom is expected to reach £2.4bn 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 £3.6bn 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 £457.70.
  • 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 £13.4bn 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)
Smart Appliances: market data & analysis - Cover

Market Insights report

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

    Demographics

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    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.

    Digital

    Access more Market Insights on Digital topics with our featured report

    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

    Explore more high-quality data on related topic

    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.
    More data on the topic

    Explore more high-quality data on related topic

    Smart speakers - statistics & facts

    “Alexa, can you tell me something about smart speakers?” is just one of the many questions smart speakers can answer today, with people using and relying on these devices for a wide range of purposes. Smart speakers are devices powered by a voice-enabled virtual intelligent assistant and can work as central controlling hubs for smart homes. Indeed, capable of performing a vast array of functions, such devices are used not only for entertainment, but also for searching the web, answering questions, and many other activities, such as creating a shopping list and providing you with weather forecast. In line with the rising popularity of smart home technology, the prevalence of smart speakers in households has steadily grown and are today among consumers’ favorite electronic devices.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.