Smart appliances are a category of smart devices connected to a wider network, for example, via WiFi or a mobile connection. Smart appliances are usually part of a broader set of technologies and devices used in a smart home. They can help with lowering water and electricity usage, as well as helping to make device usage easier and more comfortable.
Any traditional small or major home appliance, like washing machines, refrigerators, coffee machines, and food thermometers, can be a smart appliance as a connected device in the Internet of Things network.
Smart appliances market size
Smart appliances made up around only seven percent of the overall global home appliances market in 2020, as traditional household appliances are still the category of choice for most consumers. Smart appliances, however, is the most dynamically growing segment in the market with projected revenues of more than 37 billion U.S. dollars in 2021, an increase of 30 percent compared to the previous year.
In 2019 alone, around 70 million smart appliances were sold worldwide, with China accounting for more than 50 percent of units sold. China is the world’s largest market for smart appliances ahead of the United States, a trend that is expected to continue in the future.
In terms of segments, one of the largest in smart appliances market is smart washing machines , with a projected market size of more than 10 billion U.S. dollars over the next few years.
Consumption & household penetration
As the market for smart appliances continues to grow, household penetration is naturally rising as well. While around 3.4 percent of households worldwide owned a smart appliance in 2020, this share is forecast to more than triple over the next five years.
The adoption of smart appliances varies though from country to country. According to Statista’s Global Consumer Survey, the ownership rate of smart appliances in India, China, and South Africa is significantly higher than in European countries like France, Germany, and the United Kingdom.
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In the following 5 chapters, you will quickly find the 24 most important statistics relating to "Smart appliances".