Latin America Smart Home Appliances Market Size & Outlook
Latin America smart home appliances market, 2017-2030 (US$M)
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Latin America smart home appliances market highlights
- The Latin America smart home appliances market generated a revenue of USD 987.8 million in 2022.
- The market is expected to grow at a CAGR of 7.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 987.8 million |
| Market revenue in 2030 | USD 1,741.8 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Smart air purifiers |
| 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, Latin America region accounted for 3.4% 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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Latin America 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 Latin America 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 Central & South America region is characterized by growing urbanization and the increasing demand for housing units. Moreover, according to World Bank data, more than 81% of the population of the region lives in urban areas, making it a tremendously urbanized region in the world.
Additionally, the region is home to fast-developing economies such as Brazil, Peru, the Caribbean, Colombia, Uruguay, and Chile. Traditionally, Central & South America has been burdened with unorganized housing areas in rural areas, with limited access to consumer markets.
Moreover, UN-Habitat, an international organization, is progressively demanding local as well as city based initiatives, and acknowledgment of cities as flexible, innovative, and advanced places for policymaking in order to attain sustainable development goals.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart home appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart home appliances market size, by country, 2017-2030 (US$M)
Latin America Smart Home Appliances Market Outlook Share, 2022 & 2030 (US$M)
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