Connect with us

Technology

Smart Home Appliances Market size is set to grow by USD 75.8 billion from 2024-2028, Product innovation in terms of technology, performance, features, and design boost the market, Technavio

Published

on

NEW YORK, June 7, 2024 /PRNewswire/ — The global smart home appliances market size is estimated to grow by USD 75.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 21.08% during the forecast period. Product innovation in terms of technology, performance, features, and design is driving market growth, with a trend towards introduction of additional features in smart home appliances. However, high cost of smart home appliances poses a challenge. Key market players include Electrolux AB, Apple Inc., BSH Hausgerate GmbH, General Electric Co., Godrej Appliances, Haier Smart Home Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Videocon Industries Ltd., Whirlpool Corp., and Xiaomi Communications Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Home Appliances Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 21.08%

Market growth 2024-2028

USD 75.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.86

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 30%

Key countries

US, China, Germany, Canada, and UK

Key companies profiled

Electrolux AB, Apple Inc., BSH Hausgerate GmbH, General Electric Co., Godrej Appliances, Haier Smart Home Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Videocon Industries Ltd., Whirlpool Corp., and Xiaomi Communications Co. Ltd.

 

Market Driver

The smart home appliances market is experiencing growth due to the integration of connectivity features with sleek designs and attractive additional functions. Companies like LG Electronics and Mitsubishi Electric are focusing on smart air conditioner accessories, while startups are manufacturing smart gadgets.

These devices not only connect to a consumer’s smartphone but also remotely control and automate home climate settings, saving up to 40% on energy bills. Intelligent features such as location-based activation and timer settings are expected to drive market growth during the forecast period. 

The smart home appliances market is experiencing significant growth with the increasing adoption of connected devices. Programmable appliances, such as refrigerators and washing machines, are becoming popular due to their convenience and energy savings. Sensors and voice technology are key trends in this market, enabling devices to learn user behavior and respond accordingly.

Devices like smart thermostats and security systems are also gaining traction, offering homeowners control and peace of mind. The use of apps and connectivity to other smart devices is also driving demand in this sector. Overall, the smart home appliances market is expected to continue its growth trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global smart home appliances market faces growth challenges due to high costs. Consumers are hesitant to upgrade due to premium pricing, especially in price-sensitive markets. Manufacturers aim to create affordable options but complex technology and R&D investments increase costs.Adoption has not reached mass levels, and high-end products cater to a small consumer base. For instance, Samsung’s Family Hub refrigerators cost between USD3,300 and USD4,600, limiting accessibility for many consumers. This pricing barrier may hinder market expansion during the forecast period.The smart home appliances market is experiencing significant growth with various technologies coming into play. However, challenges persist in this sector. Disconnectivity and interoperability issues among different devices are major concerns. Delays in response time and reliability are also areas of improvement.Additionally, security and privacy concerns need to be addressed to gain consumer trust. Furthermore, cost remains a significant challenge as consumers seek affordable yet advanced solutions. Lastly, regulatory compliance and standardization are essential to ensure seamless integration and operation of smart home appliances.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Product 1.1 Smart washing machines and dryers1.2 Smart air conditioners1.3 Smart refrigerators1.4 Smart microwave ovens1.5 Smart dishwashersDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Smart washing machines and dryers- The Smart Home Appliances Market is experiencing significant growth due to increasing consumer demand for convenience and energy efficiency. Key players in this market include Samsung, LG, and Whirlpool, who are continuously innovating to meet these demands. Smart refrigerators, ovens, and dishwashers are becoming increasingly popular, offering features such as remote control and energy management. This market is expected to continue expanding as more households adopt smart technology.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

In the contemporary market, smart home appliances have gained significant traction, particularly in Western countries. Consumers are increasingly focusing on wireless solutions for convenience and energy conservation. Personal area networks enable remote control and automation of various appliances, enhancing user experience. Data monitoring and connectivity are integral features, ensuring energy efficiency and secure home environments.

Home improvement projects and home remodeling have become platforms for integrating these advanced technologies. Social media and online marketing are essential tools for reaching the target audience, showcasing the benefits of smart home appliances. Keywords: Smartphones, Wireless solutions, Consumer focus, Convenience, Energy conservation, Wires, Reconstruction, Personal area networks, remote control, automation, data monitoring, connectivity, user experience, energy efficiency, secure home environments, Smart homes, Home improvement projects, Western countries, Home remodeling, Target audience, Social media, Online marketing.

Market Research Overview

The Smart Home Appliances Market encompasses a range of connected devices designed to enhance convenience and efficiency in residential settings. These appliances include refrigerators, ovens, dishwashers, air conditioners, and more. Advanced features such as voice control, remote monitoring, and energy management are becoming increasingly common. Consumers are seeking solutions that offer convenience, cost savings, and improved functionality.

The market is driven by factors such as growing consumer awareness, technological advancements, and increasing disposable income. Additionally, government initiatives and regulatory policies are also influencing market growth. Overall, the Smart Home Appliances Market is poised for significant growth in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSmart Washing Machines And DryersSmart Air ConditionersSmart RefrigeratorsSmart Microwave OvensSmart DishwashersDistribution ChannelOfflineOnlineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-home-appliances-market-size-is-set-to-grow-by-usd-75-8-billion-from-2024-2028–product-innovation-in-terms-of-technology-performance-features-and-design-boost-the-market-technavio-302166558.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Explore Beyond Expo 2025 Osaka with Agoda’s Day Trip Recommendations

Published

on

By

SINGAPORE, April 11, 2025 /PRNewswire/ — Digital travel platform Agoda is spotlighting five enriching day trips for visitors attending Expo 2025 Osaka in Japan. Taking place on Yumeshima Island near Osaka from April 13 to October 13, 2025, the Expo will showcase innovations across health, design, and connectivity. Agoda’s day-trip recommendations aim to enhance the travel experience by encouraging exploration of nearby destinations beyond perennial favorites Osaka and Kyoto.

Expo 2025 Osaka is set to attract international visitors, eager to explore forward-looking exhibits and cultural showcases. Agoda’s insights revealed that the highest number of accommodation searches for the Kansai region came from South Korea, followed by Taiwan, Hong Kong, Thailand and mainland China.

Beyond the Expo, the Kansai region and surrounding areas offer a variety of experiences, from historical landmarks to culinary delights. Agoda has identified five destinations that are ideal for day trips:

Nara: Known for its historical significance, Nara features attractions such as Todai-ji Temple and Nara Park, where deer roam freely. The city’s serene environment provides a contrast to the dynamic atmosphere of the Expo. Nara is accessible in about an hour via the JR Osaka Loop Line.Kobe: This port city combines modernity with tradition, offering highlights such as the Kitano Ijinkan-gai District and panoramic views from Mount Rokko. Kobe beef and the hot springs of Arima Onsen are also popular draws. The JR Kobe Line Rapid Service connects Osaka to Kobe in approximately 30 minutes.Nagoya: A blend of innovation and tradition, Nagoya features landmarks like Nagoya Castle and the Toyota Commemorative Museum of Industry and Technology. Local cuisine, including miso katsu, adds to the city’s appeal. The Shinkansen from Shin-Osaka Station ensures a quick and convenient journey.Himeji: Himeji Castle, a UNESCO World Heritage Site, is a must-see for its architectural beauty and historical significance. The castle’s white facade and surrounding gardens are particularly striking. The JR Sanyo Shinkansen provides access to Himeji in under an hour.Wakayama: Wakayama offers a mix of spiritual and cultural experiences, including Mount Koya, a center of Shingon Buddhism, and Wakayama Castle. Fresh seafood markets add a culinary dimension to the visit. The JR Wakayama Line connects Osaka to this peaceful destination.

Hiroto Ooka, Associate Vice President, North Asia at Agoda, shared, “Expo 2025 Osaka is not just about innovation; it’s also an opportunity to explore the rich culture and history of the Kansai region and beyond. Agoda is excited to help travelers uncover these destinations and create unforgettable memories with great value deals on accommodation, flights, and activities.”

With over 5 million holiday properties, 130,000 flight routes, and 300,000 activities, Agoda makes it easy to plan your next celestial escape. Visit Agoda.com or download the Agoda mobile app for the best deals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/explore-beyond-expo-2025-osaka-with-agodas-day-trip-recommendations-302426352.html

SOURCE Agoda

Continue Reading

Technology

Lakshmi Finance Center: Jonathan Dale Benton Unveils the Strategic Leap from TradeGenius AI 3.0 to 4.0

Published

on

By

Lakshmi Finance Center announces the next generation of its flagship AI platform, TradeGenius AI 4.0, showcasing advanced learning capabilities, re-engineered infrastructure, and cross-domain scalability under the direction of founder Jonathan Dale Benton.

SAN DIEGO, April 10, 2025 /PRNewswire-PRWeb/ — Lakshmi Finance Center has officially launched TradeGenius AI 4.0, the most significant architectural and functional overhaul of its intelligent automation platform to date. Building on the foundational framework of version 3.0, the new system introduces a series of transformative upgrades designed to meet the demands of increasingly complex and dynamic real-time environments.

The development, led by Founder and CEO Jonathan Dale Benton, reflects the institution’s ongoing investment in modular artificial intelligence systems that prioritize learning adaptability, high-volume data responsiveness, and operational transparency.

“TradeGenius AI 4.0 is not simply a version update—it’s a complete strategic reinvention of the system’s intelligence core,” said Jonathan Dale Benton. “It now thinks in contexts, adapts in cycles, and learns in real time across environments that no static model could survive.”

While TradeGenius AI 3.0 introduced essential advancements such as adaptive learning databases and preliminary decision feedback loops, version 4.0 redefines those foundations by integrating reinforcement learning, temporal abstraction layers, and dynamic task routing engines. These upgrades allow the system to execute multi-stage, variable-output strategies across non-linear data streams—an essential feature for modern AI operations.

One of the key innovations in 4.0 is its event-driven processing model, which replaces sequential logic chains with flexible response modules. This model enables the system to react to new inputs based on weighted probabilities rather than fixed triggers, dramatically reducing latency and enhancing situational awareness.

In parallel, the platform now supports natural language command interpretation through an upgraded NLP parser, allowing users to construct complex operational logic using simple language prompts. These are dynamically translated into structured tasks, enabling broader accessibility across non-technical roles in systems management and automation testing.

The memory module—a critical improvement over 3.0’s short-term feedback structure—has been expanded into a context-aware temporal buffer. This allows TradeGenius AI 4.0 to maintain variable-length memory trails for long-form decision-making, improving continuity in strategy across extended sessions.

Another core advancement is the scalability architecture, which now supports simultaneous deployment across decentralized nodes with real-time synchronization. This enables federated learning experiments and distributed intelligence deployment in simulated or live multi-agent environments.

The engineering teams behind TradeGenius AI worked through 14 months of sprint-based iterations and regression testing to ensure that legacy logic sets could be retained while accommodating the system’s expanded capabilities. Cross-disciplinary contributions from Lakshmi’s internal data scientists, systems theorists, and interface designers ensured a consistent balance between depth, speed, and usability.

In preparation for broader use, Lakshmi Finance Center is releasing a developer sandbox environment for institutions and research labs, including access to API layers, custom training modules, and anonymized datasets for testing. Internal pilot programs have already demonstrated successful applications in automation orchestration, real-time analytics, and process modeling.

Looking ahead, Lakshmi Finance Center plans to integrate real-world knowledge graph structures and symbolic reasoning systems in future iterations of the TradeGenius framework. Version 4.1, currently in prototype, is expected to introduce explainability modules and internal audit trails for transparency in critical system decisions.

TradeGenius AI 4.0 is now available for enterprise deployment, research collaboration, and curriculum integration within Lakshmi’s technical education programs.

With this release, Lakshmi Finance Center not only extends the capabilities of intelligent systems but reinforces its role as a center for continuous innovation in scalable, modular, and explainable AI.

Media Contact

Charlotte Evans, Lakshmi Finance Center, 1 619-379-7337, contact@lakshmifinance.com, https://www.lakshmifinance.com/

View original content:https://www.prweb.com/releases/lakshmi-finance-center-jonathan-dale-benton-unveils-the-strategic-leap-from-tradegenius-ai-3-0-to-4-0–302424230.html

SOURCE Lakshmi Finance Center

Continue Reading

Technology

ROLLER Celebrated on AFR’s Best Places to Work List and Certified as a Great Place to Work

Published

on

By

ROLLER’s purpose is to help create experiences that bring joy and happiness to the world. They achieve this by connecting attraction venues with powerful, easy-to-use technology.

AUSTIN, Texas, April 10, 2025 /PRNewswire/ — ROLLER, the all-in-one venue management platform for the leisure and attractions industry, is proud to announce it has been named a finalist on the Australian Financial Review’s Best Places to Work List for 2025, in the Technology category. Presented in collaboration with Bendelta, the list evaluates hundreds of companies across Australia and New Zealand based on employee experience, policies, and innovation. For the ROLLER team, being recognized among such respected companies is a meaningful acknowledgment of the culture they’re continuing to build as they scale.

“Our people are the heart of everything we do,” says Bee Hepburn, Chief People Officer at ROLLER. “Being included on the AFR’s Best Places to Work List reflects our team’s passion for not only creating joyful guest experiences through our platform but also cultivating a workplace where people love to show up every day.”

ROLLER was also honored to be officially certified as a Great Place to Work® for the third consecutive year in Australia and the second year running in the United States.

“Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is based entirely on real feedback from employees, making it a genuine reflection of how people feel about the company culture. “By successfully earning this recognition, it is evident that ROLLER stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

ROLLER’s employee experience is driven by core values that promote collaboration, trust, innovation, and personal growth. With a global team spanning the Americas, EMEA, and APAC, ROLLER emphasizes flexibility, psychological safety, and opportunities for career progression. Recent initiatives include working with Equidi to close the gender pay gap, a public holiday swap program, and DEI-driven hiring practices.

“We’re intentional about creating an environment where people feel connected to their work, each other, and the impact we’re making,” added Bee Hepburn. “Whether you’re based in Austin, Melbourne, or London, you’ll find the same level of openness, encouragement, and energy that defines ROLLER’s culture.”

As the company continues to grow and evolve, ROLLER remains focused on maintaining a culture-first approach, recognizing that happy, fulfilled teams are the key to delivering world-class products and support to the attractions industry.

About ROLLER

ROLLER is the cloud-based venue management platform for modern attractions, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, Guest Surveys, and more. To learn more, visit roller.software.

View original content to download multimedia:https://www.prnewswire.com/news-releases/roller-celebrated-on-afrs-best-places-to-work-list-and-certified-as-a-great-place-to-work-302426320.html

SOURCE ROLLER

Continue Reading

Trending