Technology

Smart Appliances Market to Reach $93.03 Billion by 2032, Growing at a CAGR of 11.5% from 2025–Exclusive Report by Meticulous Research®

Published

1 month ago

April 10, 2025

Market Growth Driven by Rising Demand for Energy-Efficient Solutions and Integration of AI & IoT in Home Appliances

REDDING, Calif., April 10, 2025 /PRNewswire/ — According to a new market research report titled “Smart Appliances Market by Product Type (Kitchen, Laundry, HVAC, Entertainment, Security), Technology (Wi-Fi, Bluetooth, Zigbee, Matter), Distribution Channel (Online, Offline, Direct), End User (Residential, Commercial), and Geography – Global Forecast to 2032”, published by Meticulous Research®, the smart appliances market is projected to reach $93.03 billion by 2032, up from an estimated $43.55 billion in 2025, reflecting a CAGR of 11.5% during the forecast period. The growth of this market is driven by increasing smart home penetration, technological advancements, and rising consumer demand for connected, intelligent home solutions.

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358 – Tables
32 – Figures
360 – Pages

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KEY MARKET DRIVERS AND TRENDS

The smart appliances market is experiencing rapid growth due to increasing consumer demand for connected, energy-efficient, and AI-powered home solutions. The rise of smart homes, coupled with advancements in IoT (Internet of Things) and voice-assisted technologies, is fueling adoption. Consumers are prioritizing appliances that offer remote monitoring, automation, and energy savings, driving manufacturers to innovate.

Government initiatives promoting sustainable energy use and smart city developments are further accelerating market expansion. Additionally, the integration of machine learning for predictive maintenance and personalized user experiences is transforming the industry. The growing popularity of smart kitchens and laundry solutions, along with increasing disposable incomes in emerging economies, is also contributing to market growth.

GROWTH OPPORTUNITIES

The evolution of AI-driven appliances is revolutionizing the way consumers interact with home devices. Modern smart appliances now feature self-learning capabilities, voice control (via Alexa, Google Assistant, etc.), and seamless connectivity with other smart home ecosystems. 5G and edge computing are expected to enhance real-time data processing, enabling faster and more efficient appliance performance. Moreover, the increasing focus on sustainability is pushing manufacturers to develop energy-star-rated smart appliances that reduce carbon footprints.

Emerging markets in Asia-Pacific (China, India, Southeast Asia) and Latin America present significant growth opportunities due to urbanization, rising middle-class populations, and increasing tech adoption.

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MARKET CHALLENGES

Despite strong growth prospects, the high cost of smart appliances compared to conventional ones remains a barrier, particularly in price-sensitive regions. Cybersecurity risks associated with IoT-enabled devices and interoperability issues between different smart home platforms also pose challenges. Additionally, lack of awareness in developing regions and data privacy concerns may slow adoption rates.

SEGMENT INSIGHTS

The global smart appliances market is segmented by product type (smart kitchen appliances, smart laundry appliances, smart HVAC appliances, smart entertainment appliances, smart security appliances, and other product types), by technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, Matter, and other communication technologies), by distribution channel (online, offline, and direct), by end user (residential and commercial), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Market by Product Type

The smart kitchen appliances are expected to dominate the market in terms of revenue share in 2025. This dominance is primarily driven due to the increasing adoption of appliances like smart refrigerators, ovens, dishwashers, and coffee makers. The convenience offered by remote control, energy efficiency, and integration with voice assistants like Alexa and Google Assistant has fueled strong demand in this segment.

However, smart security appliances, which include smart door locks, video doorbells, and surveillance systems—are anticipated to witness the fastest growth during the forecast period. This surge is attributed to the rising emphasis on home safety, the growing availability of affordable smart security solutions, and the integration of AI and real-time alerts into home monitoring systems. Increased smart home penetration, particularly in urban areas, further boosts this segment’s rapid expansion.

Market by Technology

The Wi-Fi technology is expected to dominate the smart appliances market in 2025. Its widespread availability, ease of integration with home networks, and compatibility with most smart home ecosystems contribute to its dominant position. Consumers prefer Wi-Fi-enabled appliances for features like remote control, real-time notifications, and seamless updates, making it the most adopted technology across smart kitchen, HVAC, and entertainment appliances.

On the other hand, the Matter protocol is expected to witness the fastest growth during the forecast period. As a relatively new universal standard developed by the Connectivity Standards Alliance (CSA), Matter promises enhanced interoperability, reliability, and security across brands and platforms. Its rapid adoption is being driven by strong support from major tech giants (e.g., Apple, Google, Amazon, Samsung) and increasing consumer demand for streamlined and brand-agnostic smart home experiences. As more smart appliances become Matter-compatible, its adoption rate is set to accelerate significantly.

Market by Distribution Channel

In 2025, offline distribution channel is expected to dominate the smart appliances market due to the tangible, hands-on experience they provide. Consumers prefer seeing and testing products in person, especially for high-value items. In-store expert assistance, immediate product availability, and easy access to after-sales support further strengthen the appeal of physical retail. Additionally, in many regions, limited internet penetration and strong consumer trust in traditional shopping methods contribute to the continued dominance of offline channels.

However, online distribution channel is expected to witness a rapid growth during the forecast period. The rapid growth is primarily attributed to the increasing penetration of e-commerce platforms, convenience of home delivery, access to a wide range of product options, and growing consumer preference for comparing features and prices online. Major online retailers and brand-owned digital storefronts have made it easier for consumers to purchase smart appliances from the comfort of their homes. Also, the factors such as rising adoption of smartphones, increasing internet access, growth of digital payment methods, and aggressive digital marketing strategies by key brands are further accelerating the expansion of this channel over traditional offline and direct sales routes.

Market by End User

The residential segment is expected to dominate the smart appliances market in 2025. The large share of this segment is primarily due to the rising adoption of smart home technologies, increased consumer preference for convenience, and the growing integration of connected appliances like smart refrigerators, washing machines, and air conditioners into everyday home life. The demand is further driven by increased smartphone penetration, rising disposable incomes, and heightened awareness about energy efficiency.

However, the commercial segment is projected to witness the fastest growth during the forecast period. This growth is fueled by increasing adoption of smart solutions in hospitality, healthcare, and corporate sectors to optimize energy use, enhance security, and improve operational efficiency. Smart HVAC systems, automated lighting, and smart security solutions are increasingly being deployed in commercial buildings as part of broader smart building initiatives.

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GEOGRAPHIC MARKET INSIGHTS

In 2025, North America is expected to dominate the global smart appliances market, accounting for the largest market share. This leadership is primarily driven by the region’s high consumer purchasing power, early adoption of advanced technologies, and widespread availability of smart home infrastructure. Consumers in countries like the U.S. and Canada are increasingly investing in connected appliances that offer convenience, energy efficiency, and seamless integration with smart home ecosystems. Additionally, strong presence of major industry players, supportive government initiatives for energy-efficient solutions, and high awareness about smart home innovations continue to reinforce the region’s market dominance.

However, the Asia-Pacific region is projected to register the highest growth rate over the forecast period from 2025 to 2032. This rapid expansion is fueled by a combination of demographic and technological factors. Rapid urbanization, a booming middle-class population with rising disposable incomes, and increasing adoption of smartphones and internet services are driving demand for smart home appliances across countries like China, India, Japan, and South Korea. Moreover, government programs promoting digital transformation, smart city development, and energy conservation are further accelerating the adoption of smart appliances. The growing local manufacturing base and expansion of global players into emerging markets in Asia-Pacific are also expected to contribute significantly to the region’s market growth.

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COMPETITIVE LANDSCAPE

The global smart appliances market is characterized by intense competition, rapid technological advancements, and continuous product innovation. Major players in the industry are focusing on expanding their market share through strategic initiatives such as new product launches, partnerships, acquisitions, and investments in research and development. Companies are also increasingly integrating advanced technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and voice assistant compatibility (e.g., Alexa, Google Assistant, Siri) into their product lines to offer enhanced functionality and a superior user experience.

Some of the prominent players that are at the forefront of the smart appliance space, leveraging their strong brand presence and global distribution networks are Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Whirlpool Corporation (U.S.), Haier Group Corporation (China), Electrolux AB (Sweden), BSH Hausgeräte GmbH (Germany), Miele & Cie. KG (Germany), Panasonic Corporation (Japan), Midea Group Co., Ltd. (China), Hitachi, Ltd. (Japan), Philips (Netherlands), Xiaomi Corporation (China), Sharp Corporation (Japan), and Arçelik A.Ş. (Beko) (Turkey).

Moreover, new entrants and startups are disrupting the market by offering cost-effective, innovative solutions tailored to specific regional needs. Local players in emerging markets, particularly in Asia-Pacific, are also gaining momentum by tapping into the rising demand for affordable smart appliances.

As competition intensifies, customer experience, seamless connectivity, smart home integration, and after-sales service are emerging as key differentiators. Companies that can effectively combine innovation, affordability, and user-centric design are expected to thrive in this dynamic and fast-evolving market landscape.

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About Meticulous Research

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.

With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.

To find out more, visit www.meticulousresearch.com or follow us on LinkedIn

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Technology

Stagwell (STGW) Appoints Connie Chan as Chief Growth Officer for Asia Pacific

Published

8 hours ago

May 18, 2025

A catalyst for growth and innovation, Chan brings decades of cross-market expertise to power Stagwell’s next phase of growth in APAC

SINGAPORE, May 18, 2025 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of Connie Chan as Chief Growth Officer, Asia Pacific, effective July 2025. Based in Singapore, Chan will be responsible for leading Stagwell’s growth strategy and operations across APAC markets, with a focus on accelerating transformation, scaling integrated capabilities, and deepening relationships in local markets.

This appointment builds on Stagwell’s growth momentum across APAC on the heels of acquiring ADK GLOBAL earlier this year. Stagwell APAC now encompasses 2,500 employees across 34 APAC offices.

Chan will report to Ryan Linder, EVP, Global Chief Marketing Officer. “As the global marketing landscape continues to shift, Asia Pacific stands out as a region of extraordinary opportunity. Connie’s leadership will be instrumental as we build a network that not only responds to the complexity of today, but sets the pace for what’s next,” said Linder.

“Connie doesn’t just drive growth. She builds momentum that breaks the sound barrier,” said Randy Duax, Stagwell’s Managing Director, Asia Pacific. “We’ve spent the last three years building the kind of platform the holding companies said couldn’t be done—media, creative, strategy and PR moving as one, built for speed, wired for scale. Connie isn’t here to learn the playbook. She’s here to call the next play.”

Chan brings a track record of transformative leadership spanning decades in media, marketing, and strategic communications. Most recently, she served as CEO of OMD China, where she oversaw the agency’s operations in Shanghai, Beijing, and Guangzhou, with a focus on driving growth and creativity, and inspiring teams with a strong focus on culture. Prior to that, Chan held leadership roles at WPP, including Executive Director of the Government & Public Sector Practice in Singapore, and Chief Client Officer for APAC at MEC (now Wavemaker), focusing on strategic client partnerships.

Upon her appointment, Chan reflected, “I’ve always believed in the power of strategic clarity and bold ideas. At Stagwell, we have the talent, the ambition, and the platform to build work that matters – and impact that endures.”

Stagwell

Stagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 45+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.

Media Contact:

PR@Stagwellglobal.com

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SOURCE Stagwell Inc.

Technology

Das Marketing Shares Concerns Over Corporate Service Experience in Singapore

Published

8 hours ago

May 18, 2025

Das Marketing International reports serious issues with a Singapore service provider, urging businesses to exercise due diligence and know their legal rights.

SINGAPORE, May 18, 2025 /PRNewswire-PRWeb/ — Das Marketing International Group Pte. Ltd. would like to share important information about its experience with an external corporate secretarial provider in Singapore – Investbanq Corporate Services Pte. Ltd.

During our cooperation, we encountered a number of serious operational and management issues that significantly impacted our business, including:

Refusal to carry out key corporate transactions, which caused significant delays in our business, instead requested for unreasonable compliance inquiry including source of fund of the transactions.

Requesting excessive and confidential information and documentation, without clear justification, including reason for transactions, original agreements, source of capital and tax information.

Refusal to arrange a meeting with a compliance specialist despite verbal requests and demands for direct interaction on regulatory matters.

Demanding unreasonably high budget of USD 20k for legal counsel despite low risk situations.

Refusal to perform actions despite clear instructions given as a client.

Overall a horrible client experience.

Fortunately, the current Singapore legislation allowed us to promptly change the nominee director and corporate secretary, restoring control over the management of the company without the involvement of the previous provider.

We strongly recommend that companies operating in Singapore carefully select corporate service providers, enter into written contracts in a timely manner and be well aware of their rights under the Companies Act and other regulations.

Das Marketing International Group Pte. Ltd. remains committed to the principles of transparency, professionalism and strict compliance with Singapore laws.

Media Contact

Director, Das Marketing International Pte. Ltd., 1 3152803039, shgdasm@proton.me

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SOURCE Das Marketing International Pte. Ltd.

Technology

Club Offers Released on May 18, 2025

Published

9 hours ago

May 18, 2025

NEW YORK, May 18, 2025 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces the release of Club Offers for Club Members.

Rigorously vetted and negotiated for us travel enthusiasts in the U.S.:

$499—A CASTLE IN TUSCANY: 6 NIGHTS WITH FLIGHTS
Explore Tuscany for 6 nights with a 12th-century castle as your home base. Flights from the U.S. and a rental car are included.$399—ALL-INCLUSIVE BEACH VACATION WITH FLIGHTS
Escape to Cancun and spend 5 nights at an all-inclusive resort with direct beach access (flights included). Club Members save 56% when compared to what everyone else pays.$99—HOTEL STAYS NATIONWIDE WITH NO RESORT FEES
We’ve negotiated savings of up to 75% off regular rates at 10 well-reviewed hotels in major cities across the country, including Boston, Chicago, Miami, San Francisco. Even better, all resort fees are waived.$1999—ALL-INCLUSIVE MALDIVES OVERWATER VILLA FOR 2
Enjoy ocean views while relaxing in your 5-star overwater villa for 5 nights. All meals and drinks are included.$299—NORTHERN LIGHTS TRIP WITH FLIGHTS
Watch the skies come alive in Iceland on this 3-night adventure. Includes flights, hotel, breakfast and northern lights tour. You save $650.HALF PRICE—TREATMENTS AT 500+ SPAS
Spend $75 and get a $150 gift card valid for treatments at hundreds of spas nationwide. You won’t find this offer anywhere else.

Some offers have limited inventory and are subject to availability.

Are you a travel enthusiast? Join the club today: https://travelzoo.com.

About Travelzoo

We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with thousands of top travel suppliers—our long-standing relationships give us access to irresistible deals.

Travelzoo is a registered trademark of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Media contact:
Paige Cram – Los Angeles
+1 609 668 0645
pcram@travelzoo.com

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SOURCE Travelzoo