China Smart Home Appliances Market Size & Outlook
China smart home appliances market, 2017-2030 (US$M)
Related Markets
China smart home appliances market highlights
- The China smart home appliances market generated a revenue of USD 3,877.0 million in 2022 and is expected to reach USD 8,970.2 million by 2030.
- The China market is expected to grow at a CAGR of 11.1% from 2023 to 2030.
- In terms of segment, smart air purifiers 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.
Smart home appliances market data book summary
| Market revenue in 2022 | USD 3,877.0 million |
| Market revenue in 2030 | USD 8,970.2 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Smart air purifiers |
| Fastest growing segment | Smart Air Purifiers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 13.4% of the global smart home appliances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart home appliances market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,970.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Home Appliances Market Scope
Smart Home Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 air purifiers was the largest segment with a revenue share of 34.95% in 2022. Horizon Databook has segmented the China 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.
Owing to the COVID-19 pandemic, the home appliances industry in China confronted an insufficient production capacity; however, as the influence of the virus receded, the industry started gaining momentum again and, eventually, came back to its pre-COVID-19 routine.
In addition, as information published in April 2020, China’s Research Institute of the Ministry of Commerce informed that the market for home appliances in the country is projected to go through a concentrated period of renewal; hence, it is expected to benefit smart home appliances as well as healthy home appliances market in the upcoming years.
Moreover, continuous product launches have also been driving the smart home appliances market in China. For instance, in March 2021, at the Appliance & Electronics World Expo (AWE) held in Shanghai, a China-based home appliance company, Haier, announced the launch of a smart refrigerator.
Reasons to subscribe to China smart home appliances market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China smart home appliances market databook
-
Our clientele includes a mix of smart home appliances market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the China smart home appliances market , including forecasts for subscribers. This country databook contains high-level insights into China smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China smart home appliances market size, by product, 2017-2030 (US$M)
China Smart Home Appliances Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
