Smart Home Appliances Market Share

Haier Group Corporation, LG Electronics Inc., Samsung Electronics, Hitachi, BSH Hausger

North America market held over 30% revenue share in 2022 and will experience growth in the coming years due to consumer demand for automation, energy efficiency, and convenience in home appliances.

The smart air conditioner segment held around 25% market share in 2022 and will grow further through 2032, attributed to the rising global temperatures and increased awareness of energy efficiency.

Global market for smart home appliances was valued at USD 30.8 billion in 2022 and is projected to register a CAGR of over 11.5% between 2023 and 2032, owing to the growing adoption of Internet of Things (IoT) technology that enables remote control, automation, and data monitoring.