Smart Home Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Smart Home Appliances Market is Segmented by Product Type (Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers), and Geography.

Smart Home Appliances Market Snapshot

smart home appliances market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 17.3 %

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Market Overview

The smart home appliances market was valued at USD 23.54 billion in 2019, and it is projected to be worth USD 57.64 billion by 2025, registering a CAGR of 17.3% during 2020-2025. The Internet of Things has been growing across smart home applications, and it is expected to become more customizable to give more control to users and enhance the appliance operating functions. As per a 2019 survey by the National Kitchen & Bath Association, around 83% of consumers across North America demand for smart appliances. As per a recent Dashbot survey, 75% of respondents said that they use voice assistants at least once a day.

  • Companies in the market studied have been focusing on making food recognition better and extending the same into their kitchen applications, such as full-size ovens and fridges. Majority of the trade shows across mid-2019 to early 2020 observed the presence of Bosch, GE, Samsung, and other emerging players in the smart home segment, launching concepts, such as fridge that labels and tracks food, remote monitoring of a stovetop, ad integrating AI into appliances for recommendations.
  • Similarly, from useful notifications, energy efficient appliances, to Wi-Fi-enabled features, smart home kitchen-based appliances are being upgraded with added functionality. For example, smart microwaves can now scan barcodes on food items and download cooking instructions with a seamless integration, with AI voice assistants, for a complete hands-free experience.
  • This, in turn, has led the voice assistant providers to go one step further by including Cooking APIs on their platforms. This ensures control over selected appliances by giving voice functionality to critical functions, such as specifying temperature to the cook and cook food until it reaches a given internal temperature.
  • With time, the role of a kitchen has been changing. By evolving from a mere space used for food preparation, it has grown to associate with activities, such as entertaining, socializing, dining, and working, among others. Similar changes in lifestyle have been aided by technology. For instance, appliances are being designed to have added functionality to make them easy to use. This is one of the significant drivers for the adoption and development of smart and connectable appliances. Additionally, increased interest in cooking over the years has been contributing toward the growing adoption.
  • Due to the COVID-19 outbreak, the Chinese home appliance industry faced a temporary period of insufficient production capacity in the first half of 2020; however, the market is again regaining its strength in the second half. The online retail channels witnessed a massive surge in demand and contributed more than 70% to overall revenues in the first quarter, as people tend to stay at home to quarantine themselves. In addition, China’s Research Institute of the Ministry of Commerce reported that the home appliance market in China would enter a concentrated period of renewal, and both healthy home appliances and smart home appliances will benefit from this.

Scope of the Report

The study analyzes the current market scenario and key influencers for smart home appliances and devices. The scope of the study includes devices that can be connected over the network and operated from remote devices, such as smartphones and tablets. The scope of the study covers devices, such as ovens, dishwashers, refrigerators, cookware and cooktops, scale and thermometers, and other products. The study covers the market developments pertaining to specific countries in North America, Europe, and Asia-Pacific.

Product Type
Smart Ovens
Smart Dishwashers
Smart Refrigerators
Smart Cookware and Cooktops
Smart Scale and Thermometers
Other Product Types
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Rest of the World

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Key Market Trends

Smart Scale and Thermometers to Drive the Market Growth

  • Shopping for groceries has been made easier than ever, via app integrations the quantity of different items remaining when making purchases. This is done by storing food in jars that have inbuilt scales. Knowing the weight of the food remaining in the jar has been enabling decisions on purchasing more and in how much quantities.
  • Additionally, these scales have been developed to include additional insights/recommendations on type of meals to be made. For instance, the Drop Scale is a connected kitchen scale that has been developed to work with the Drop Recipes app.
  • Tthen the advent of smart thermometer to connected kitchen situations has been catering to active/real-time notification on measuring temperatures of the cook to perfect the dish. As of January 2020, the Yummly Smart Thermometer was showcased at CES 2020, which offered a notification on smartphones to indicate if the dinner is ready. The device is subsequently launched at a USD 129 price point.
  • Additional features, such as monitoring progress and adjusting cooking schedule, have been added. The device is further designed to work with raw, dense meats like poultry and roasts, to ensure the meat is cooked as per individualized preferences.

Asia-Pacific to Witness Highest Growth

  • Factors, such as the increase in rising disposable income, dual-income households, and lifestyle changes, have enabled household customers in China to buy AI-based smart home appliances, like smart refrigerators, robotic cleaning products, etc. China is one of the largest markets for home appliances products, which is also making it an attractive region for smart home appliances.
  • The Chinese household appliance sector has grown into a multi-billion dollar industry. Per capita expenditure of private households on advanced household appliances and consumer electronics in China had skyrocketed in the last decade. According to the Organization for Economic Cooperation and Development (OECD) models, India and China may witness a seven-fold increase in income per capita by 2060.
  • After China, Japan is one of the major investors in smart home appliances products in the region. Increased investment in connected home products and high penetration of smart home appliances, owing to the high awareness, are fueling the studied market’s growth.
  • Voice assistant and AI are causing major disruptions across all smart home products; the smart home appliances segment, too, has witnessed unprecedented growth in the trend in recent years. In Japan, household cleaning robots are steadily becoming a common reality. Moving on from AI-powered voice speakers, consumers have now started to welcome vacuum robots into their homes.
  • Countries, like Singapore, Hong Kong, and Australia, have a high penetration rate but are comparatively small markets compared to South Korea and India. In 2019, Germany-based manufacturer of high-end domestic appliances, Miele, launched its new Generation 7000 built-in smart kitchen appliances with Wi-Fi connectivity with a mobile app interface in Hong Kong.
smart home appliances map.png

Competitive Landscape

The smart home appliances market is consolidated. With technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the key developments in the market are:

  • September 2020 - Samsung released a newly designed Front Control Slide-in Ranges. This lineup of beautifully designed, Wi-Fi connected Slide-in Ranges makes cooking simpler with its fingerprint resistant exterior, smart dial, and Air fry mode for healthy cooking. The Smart Dial learns behavior and creates shortcuts to cooking preferences.
  • March 2020 - Whirlpool Corporation announced to open a new 800,000 sq ft distribution in Tulsa, Oklahoma. The factory distribution is also awarded with LEED Silver certification. It integrates various green building strategies and designs across several categories, including energy usage, water consumption, and indoor air quality.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of Impact of COVID-19 on the Industry

    4. 4.4 Market Drivers

      1. 4.4.1 Growing Household Income Combined with Increased Awareness among Consumers

    5. 4.5 Market Challenges 

      1. 4.5.1 High Product Costs, Product Lifespan, and Security Concerns


    1. 5.1 Product Type

      1. 5.1.1 Smart Ovens

      2. 5.1.2 Smart Dishwashers

      3. 5.1.3 Smart Refrigerators

      4. 5.1.4 Smart Cookware and Cooktops

      5. 5.1.5 Smart Scale and Thermometers

      6. 5.1.6 Other Product Types

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Rest of Europe

      3. 5.2.3 Asia Pacific

        1. China

        2. Japan

        3. Rest of Asia Pacific

      4. 5.2.4 Rest of the World


    1. 6.1 Company Profiles

      1. 6.1.1 AB Electrolux

      2. 6.1.2 Samsung Electronics Co. Ltd

      3. 6.1.3 Whirlpool Corporation

      4. 6.1.4 LG Electronics Inc.

      5. 6.1.5 BSH Home Appliances Corporation

      6. 6.1.6 Panasonic Corporation

      7. 6.1.7 Haier Group

      8. 6.1.8 Breville Group Limited

    2. *List Not Exhaustive


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Frequently Asked Questions

The Smart Home Appliances Market market is studied from 2018 - 2026.

The Smart Home Appliances Market is growing at a CAGR of 17.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

LG Electronics Inc., Electrolux Group, Whirlpool Corporation, Samsung Electronics Co. Ltd , BSH Home Appliances Corporation are the major companies operating in Smart Home Appliances Market.

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