Smart Appliances Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 41.30 Billion
CAGR (2026-2031)	12.47%
Fastest Growing Segment	Online
Largest Market	North America
Market Size (2031)	USD 83.59 Billion

Market Overview

The Global Smart Appliances Market will grow from USD 41.30 Billion in 2025 to USD 83.59 Billion by 2031 at a 12.47% CAGR. Smart appliances are interconnected household devices equipped with wireless communication capabilities and sensors that allow for remote monitoring, automation, and data exchange with other systems. The primary drivers supporting the growth of this market include the rising global emphasis on energy efficiency to reduce utility costs and the increasing consumer demand for convenience through remote home management. These factors compel manufacturers to integrate connectivity into standard household products and foster widespread adoption across residential sectors.

According to the 'Association of Home Appliance Manufacturers', in '2025', 'domestic shipments of major home appliances in the United States totaled 76.2 million units in 2024 which represented a 2.6% increase from the previous year'. Despite this positive trajectory, one significant challenge that could impede market expansion is the lack of seamless interoperability between devices from different brands. This fragmentation often frustrates consumers and limits the creation of a fully integrated smart home ecosystem which potentially stalls broader market penetration.

Key Market Drivers

Increasing Integration of Internet of Things (IoT) Technology is fundamentally reshaping the global smart appliances market by transforming standard devices into intelligent, interconnected systems that offer enhanced convenience and remote management. This technological convergence enables manufacturers to offer value-added subscription services and ecosystem interoperability, which are becoming primary purchase determinants. According to LG Electronics, January 2025, in the 'Fourth-Quarter and Full-Year 2024 Financial Results', revenue from home appliance subscriptions surged by over 75% compared to the previous year, underscoring the rapid consumer adoption of connected, service-oriented models. This trend significantly bolsters overall market performance; for instance, according to Haier Smart Home, April 2025, in the '2024 Annual Report', the company achieved global revenue of RMB 285.98 billion in 2024, representing a year-on-year increase of 4.3% driven by their smart home strategies.

Simultaneously, the Rising Demand for Energy-Efficient and Sustainable Solutions acts as a critical catalyst, compelled by stringent government regulations and heightened consumer awareness regarding environmental impact and utility costs. Manufacturers are responding by engineering appliances that minimize resource consumption without compromising performance, thereby aligning product portfolios with global sustainability targets. According to Whirlpool Corporation, March 2025, in the '2024 Sustainability Report', the company achieved a reduction of over 65% in emissions from products in use from 2005 to 2024, reflecting the substantial industry-wide pivot towards delivering high-performance, eco-friendly technologies that appeal to environmentally conscious consumers.

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Key Market Challenges

The lack of seamless interoperability between devices from different brands creates a significant barrier to the expansion of the "Global Smart Appliances Market". This fragmentation results in a disjointed user experience where consumers are forced to navigate multiple proprietary applications to manage their household products, effectively negating the convenience that smart technology promises. Instead of a cohesive ecosystem, users frequently encounter a restrictive environment where an appliance from one manufacturer cannot communicate with a system from another. This complexity deters mass-market adoption, as the average consumer finds the setup and daily management of incompatible devices to be overly cumbersome and inefficient.

According to the 'Consumer Technology Association', in '2024', '59% of U.S. households have adopted at least one smart home device'. However, this adoption figure largely reflects the purchase of standalone units rather than the deployment of fully integrated systems. The inability to easily connect these disparately branded devices limits the overall value proposition of a smart home, causing potential buyers to hesitate before investing in additional products. Consequently, the market struggles to transition from early adopters to a broader consumer base, directly stalling the comprehensive growth of the smart appliances sector.

Key Market Trends

Integration of Generative AI for Hyper-Personalized User Experiences is fundamentally upgrading the market by shifting devices from passive execution to proactive, context-aware assistance. Unlike traditional automation, this trend leverages on-device learning and advanced sensing to recognize distinct user behaviors—such as specific cooking habits or laundry routines—and autonomously configures settings to optimize results without manual input. This capability drives accelerated replacement cycles as consumers increasingly prioritize appliances that reduce cognitive load through intuitive reasoning. According to KED Global, August 2024, in the article 'Samsung's AI home appliances hit 1.5 mn units sold', cumulative sales of Samsung's AI-integrated home appliances surpassed 1.5 million units between January and July 2024, validating the strong commercial demand for these intelligent, behavior-adaptive systems.

Simultaneously, the Adoption of the Matter Connectivity Standard to Enhance Interoperability is actively dismantling the proprietary barriers that have historically fragmented the smart home ecosystem. By establishing a universal, open-source communication protocol, this standard ensures that devices from competing manufacturers can operate cohesively within a single network, thereby resolving the consumer hesitation associated with vendor lock-in. This industry-wide unification significantly expands the addressable market, allowing users to confidently mix and match brands without sacrificing functionality. According to the Connectivity Standards Alliance, March 2024, in the 'Alliance Annual Report 2023', the organization finalized 2,156 Matter certifications, a figure that underscores the massive industrial mobilization required to standardize connectivity and streamline the infrastructure for mass-market scalability.

Segmental Insights

The Online distribution channel represents the fastest-growing segment within the Global Smart Appliances Market. This expansion is primarily driven by increasing global internet penetration and the widespread adoption of smartphones, which facilitate seamless access to digital marketplaces. Consumers increasingly favor e-commerce platforms due to the convenience of home delivery and the ability to compare technical specifications and prices across multiple brands instantly. Furthermore, major manufacturers are actively strengthening their direct-to-consumer digital strategies to enhance market reach. These factors collectively accelerate the consumer shift toward purchasing smart home devices through internet-based retailers.

Regional Insights

North America maintains a dominant position in the global smart appliances market, driven by high consumer adoption of connected home technologies and widespread internet infrastructure. The region benefits from a strong focus on energy management solutions, supported by initiatives from the U.S. Department of Energy and the Environmental Protection Agency. These organizations promote energy-efficient standards that encourage the integration of smart monitoring features in household devices. Consequently, the combination of favorable regulatory frameworks and high disposable income levels fosters a robust environment for the expansion of smart kitchen and laundry appliances across the region.

Recent Developments

In September 2024, Bosch showcased its newest generation of intelligent laundry and cooking appliances at the IFA trade show in Berlin. The launch featured energy-efficient washing machines equipped with microplastic filters and advanced ovens that integrate artificial intelligence for automatic dish recognition. These smart ovens utilize a built-in camera and proprietary algorithms to identify specific meals, automatically adjusting heating modes, temperatures, and cooking times for optimal results. This development highlights the manufacturer's commitment to leveraging digital innovations and AI to improve user convenience and sustainability standards within the competitive global smart appliances industry.
In April 2024, Samsung Electronics executed the global launch of its latest AI-powered home appliance lineup through simultaneous events in Seoul, Paris, and New York. The new collection includes smart refrigerators, induction ranges, and laundry machines that feature integrated touchscreens and advanced connectivity via the SmartThings ecosystem. A key innovation, AI Vision Inside, utilizes internal cameras and machine learning to identify fresh food items and track expiration dates to prevent waste. This strategic release emphasizes the company's focus on hyper-connected living, enabling users to manage their entire smart home environment directly from the displays of their kitchen appliances.
In February 2024, GE Appliances introduced the EcoBalance Smart Home Energy Management System, a platform designed to enhance residential energy efficiency through connected technology. This system integrates with the manufacturer's smart products, including refrigerators and water heaters, to optimize power usage based on real-time grid data and renewable energy availability. By facilitating communication between appliances and energy storage solutions, the initiative allows homeowners to reduce costs and lower their carbon footprint. The launch also featured new smart indoor smoking appliances with active filtration, signaling a significant expansion of the company's portfolio in the sustainable connected living sector.
In January 2024, LG Electronics unveiled a novel smart home artificial intelligence agent at the CES exhibition in Las Vegas. This autonomous, two-legged robot functions as a mobile smart home hub, allowing users to control connected household devices and IoT ecosystems seamlessly. Equipped with multi-modal technologies, the device can navigate residential environments independently, recognize user voices and facial expressions, and engage in natural conversations to assist with daily tasks. The company designed this innovation to monitor environmental factors such as temperature and humidity, ultimately advancing its strategic vision of a "Zero Labor Home" within the global smart appliances market.

Key Market Players

Electrolux Group
Whirlpool Corporation
General Electric Company
Samsung Electronics Co. Ltd
LG Electronics Inc.
Koninklijke Philips N.V.
BSH Hausgerate GmbH
Panasonic Corporation
Haier Inc.
Breville Pty Ltd

By Product Type	By End-User	By Sales Channel	By Region
Smart Home Appliances Smart Kitchen Appliances	Residential Commercial	Supermarkets/Hypermarkets Exclusive Stores Online Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Smart Appliances Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Smart Appliances Market, By Product Type:

Smart Home Appliances
Smart Kitchen Appliances

Smart Appliances Market, By End-User:

Residential
Commercial

Smart Appliances Market, By Sales Channel:

Supermarkets/Hypermarkets
Exclusive Stores
Online
Others

Smart Appliances Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Smart Appliances Market.

Available Customizations:

Global Smart Appliances Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Smart Appliances Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Smart Appliances Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Smart Home Appliances, Smart Kitchen Appliances)

5.2.2. By End-User (Residential, Commercial)

5.2.3. By Sales Channel (Supermarkets/Hypermarkets, Exclusive Stores, Online, Others)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Smart Appliances Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type

6.2.2. By End-User

6.2.3. By Sales Channel

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Smart Appliances Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By End-User

6.3.1.2.3. By Sales Channel

6.3.2. Canada Smart Appliances Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By End-User

6.3.2.2.3. By Sales Channel

6.3.3. Mexico Smart Appliances Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By End-User

6.3.3.2.3. By Sales Channel

7. Europe Smart Appliances Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By End-User

7.2.3. By Sales Channel

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Smart Appliances Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By End-User

7.3.1.2.3. By Sales Channel

7.3.2. France Smart Appliances Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By End-User

7.3.2.2.3. By Sales Channel

7.3.3. United Kingdom Smart Appliances Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By End-User

7.3.3.2.3. By Sales Channel

7.3.4. Italy Smart Appliances Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By End-User

7.3.4.2.3. By Sales Channel

7.3.5. Spain Smart Appliances Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By End-User

7.3.5.2.3. By Sales Channel

8. Asia Pacific Smart Appliances Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By End-User

8.2.3. By Sales Channel

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Smart Appliances Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By End-User

8.3.1.2.3. By Sales Channel

8.3.2. India Smart Appliances Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By End-User

8.3.2.2.3. By Sales Channel

8.3.3. Japan Smart Appliances Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By End-User

8.3.3.2.3. By Sales Channel

8.3.4. South Korea Smart Appliances Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By End-User

8.3.4.2.3. By Sales Channel

8.3.5. Australia Smart Appliances Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By End-User

8.3.5.2.3. By Sales Channel

9. Middle East & Africa Smart Appliances Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By End-User

9.2.3. By Sales Channel

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Smart Appliances Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By End-User

9.3.1.2.3. By Sales Channel

9.3.2. UAE Smart Appliances Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By End-User

9.3.2.2.3. By Sales Channel

9.3.3. South Africa Smart Appliances Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By End-User

9.3.3.2.3. By Sales Channel

10. South America Smart Appliances Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By End-User

10.2.3. By Sales Channel

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Smart Appliances Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By End-User

10.3.1.2.3. By Sales Channel

10.3.2. Colombia Smart Appliances Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By End-User

10.3.2.2.3. By Sales Channel

10.3.3. Argentina Smart Appliances Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By End-User

10.3.3.2.3. By Sales Channel

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Smart Appliances Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Electrolux Group

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Whirlpool Corporation

15.3. General Electric Company

15.4. Samsung Electronics Co. Ltd

15.5. LG Electronics Inc.

15.6. Koninklijke Philips N.V.

15.7. BSH Hausgerate GmbH

15.8. Panasonic Corporation

15.9. Haier Inc.

15.10. Breville Pty Ltd

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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