U.S. Smart Home Appliances Market Size & Outlook
U.S. smart home appliances market, 2017-2030 (US$M)
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U.S. smart home appliances market highlights
- The U.S. smart home appliances market generated a revenue of USD 5,786.7 million in 2022 and is expected to reach USD 10,418.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.6% 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.
Smart home appliances market data book summary
| Market revenue in 2022 | USD 5,786.7 million |
| Market revenue in 2030 | USD 10,418.6 million |
| Growth rate | 7.6% (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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 19.9% 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 North America, U.S. smart home appliances market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,418.6 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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U.S. 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 35.32% in 2022. Horizon Databook has segmented the U.S. 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.
Based on this growth, the smart home appliances market in the U.S. is expected to flourish. The increase in the number of residential construction projects will lead to a higher demand for smart home appliances.
Innovative and advanced home appliances offered by major players will propel the country’s smart home appliances market. Replacing conventional and outdated products with technologically enhanced products will offer additional growth opportunities to the U.S. smart home appliances market.
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Target buyers of U.S. smart home appliances market databook
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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 country-level data and insights on the U.S. smart home appliances market , including forecasts for subscribers. This country databook contains high-level insights into U.S. smart home appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. smart home appliances market size, by product, 2017-2030 (US$M)
U.S. Smart Home Appliances Market Outlook Share, 2022 & 2030 (US$M)
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