Asia Pacific Smart Home Appliances Market Size & Outlook
Asia Pacific smart home appliances market, 2017-2030 (US$M)
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Asia Pacific smart home appliances market highlights
- The Asia Pacific smart home appliances market generated a revenue of USD 12,794.5 million in 2022.
- The market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- In terms of segment, smart washing machines was the largest revenue generating product in 2022.
- Smart Air Purifiers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 12,794.5 million |
| Market revenue in 2030 | USD 28,466.9 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Smart washing machines |
| Fastest growing segment | Smart Air Purifiers |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Washing Machines, Smart Air Purifiers, Smart TV |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Haier Smart Home Co Ltd ADR, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Robert Bosch Engineering & Business Solutions, Electrolux AB ADR, Koninklijke Philips NV, GE Aerospace, Xiaomi Corp Class B |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.1% of the global smart home appliances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,466.9 million by 2030.
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Smart Home Appliances Market Scope
Smart Home Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smart home appliances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart home appliances market will help companies and investors design strategic landscapes.
Smart washing machines was the largest segment with a revenue share of 35.31% in 2022. Horizon Databook has segmented the Asia Pacific smart home appliances market based on smart washing machines, smart air purifiers, smart tv covering the revenue growth of each sub-segment from 2017 to 2030.
The region is estimated to be one of the major markets for the growth of the IoT and smart devices market. In addition, the ongoing smart city initiatives across countries like India, China, and Japan are also contributing to the major adoption of smart home devices in the region.
For instance, the top 10 smart cities in the ASEAN region include Jakarta, Kuala Lumpur, Mandalay, Hanoi, Singapore, Phuket, Bangkok, Makassar, Da Nang, and New Clark City. The Asia Pacific region dominated the smart home appliances market in 2020 and is estimated to be the fastest-growing region over the forecast period.
This is attributed to the growing implementation of cloud-based services, increasing internet penetration, rising per capita income of the regional population, escalating adoption of smartphones, changing lifestyles, surging awareness about personal health, and continuous launch of government policies encouraging digitalization.
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Our clientele includes a mix of smart home appliances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart home appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart home appliances market size, by country, 2017-2030 (US$M)
Asia Pacific Smart Home Appliances Market Outlook Share, 2022 & 2030 (US$M)
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