Revenue in the Smart Appliances segment is projected to reach US$8.80bn in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 12.21%, resulting in a projected market volume of US$13.95bn by 2026.
In the Smart Appliances segment, the number of active households is expected to amount to 30.9m users by 2026.
Household penetration will be 10.8% in 2022 and is expected to hit 22.9% by 2026.
The average revenue per installed Smart Home currently is expected to amount to US$0.62k.
A global comparison reveals that most revenue is generated in China (US$12,260.00m in 2022).
In the year 2021 a share of 54.2% of users is in the high income group.
In the year 2021 a share of 32.4% of users is 25-34 years old.
The Smart Home segment 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.
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
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)