The global connected home appliance market size is calculated at USD 37,985 million in 2024 and is predicted to attain around USD 89,103 million by 2034, expanding at a CAGR of 8.9% from 2024 to 2034.
The connected home appliances market growth is attributed to the introduction of a single open-source interoperability platform, including Matter. Consumers are getting enhanced user experience under their fingertips, with the addition of more appliances such as espresso machines, toasters, pressure cookers, microwaves and dishwashers, which is driving the market growth. In addition, the increasing ongoing health-conscious trend in the general population further enhances the market growth.
Additionally, the increasing adoption of connected home appliances, rising disposable income, increasing brand collaboration, increasing gaming culture, increasing interoperability initiative to enhance energy efficiency and connectivity and increasing mergers and acquisitions are anticipated to drive the growth of the connected home appliances market.
Published by Yogesh Kulkarni
