Market revenue in 2022 | USD 3,105.6 million |
Market revenue in 2030 | USD 7,197.6 million |
Growth rate | 11.1% (CAGR from 2022 to 2030) |
Largest segment | Smart washing machines |
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 |
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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 35.68% in 2022. Horizon Databook has segmented the India 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 increasing digitalization and smart city initiatives in the country and the rising rate of developing infrastructure are expected to drive the market demand in India. Additionally, the increase in the number of smartphone users and rise in internet penetration are also contributing to the smart home appliances market growth in India.
Moreover, factors such as a large consumer base in India, improving standards of living, and rising disposable income of consumers have been attracting players in the smart home appliance market to leverage the growth opportunities presented by the Indian market and introduce their products in the country.
The rising penetration of online retailers is also positively influencing this market. In September 2020, Flipkart and Motorola strengthened their partnership to mark Motorola’s entry into the smart home appliances category ahead of the festive season in India.
Horizon Databook provides a detailed overview of country-level data and insights on the India smart home appliances market , including forecasts for subscribers. This country databook contains high-level insights into India smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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