Market revenue in 2022 | USD 4,688.4 million |
Market revenue in 2030 | USD 8,975.3 million |
Growth rate | 8.5% (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 35.76% in 2022. Horizon Databook has segmented the UK 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 number of millennials and their preference for online shopping, smart gadgets/devices, and connected experiences are likely to drive the use of smart home appliances in the country.
Moreover, the rising number of internet service providers that offer enhanced smart home services in the country is also expected to drive the adoption of smart home appliances in the U.K. For instance, according to an online survey conducted by YouGov, in July 2021, approximately 18% of the survey respondents from the U.K. stated that they operate devices via mobile applications.
Horizon Databook provides a detailed overview of country-level data and insights on the UK smart home appliances market , including forecasts for subscribers. This country databook contains high-level insights into UK smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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