Smart Appliances Market

The smart appliances market is valued at USD 42.35 billion in 2025 and is projected to reach USD 71.28 billion by 2030, registering a CAGR of 11.0% during the forecast period. In the smart appliances market, operating within a diverse and continuously advancing environment, manufacturers and technology providers deliver a broad spectrum of connected solutions to improve functionality, energy management, and user convenience across residential and commercial spaces. Companies are focusing on enabling interoperability, efficient power usage, and remote accessibility through IoT-based platforms. Increasing adoption of AI-driven automation, voice-enabled controls, and cloud-based analytics is reshaping product capabilities and enhancing performance. Additionally, customized solutions are being developed to meet specific needs across households, retail spaces, and business facilities. Market players are also utilizing usage data and advanced analytics to provide predictive maintenance, personalized recommendations, and improved after-sales services, supporting better decision-making for consumers.

Some of the major players in the smart appliances market with significant global presence include SAMSUNG (South Korea), LG Electronics (South Korea), Panasonic Corporation (Japan), Whirlpool (US), GE Appliances, a Haier company (US), Midea (China), BSH Hausgeräte GmbH (Germany), and Xiaomi (China).
These companies offer various smart appliance products tailored to residential and commercial sectors. To expand their product lines, boost their market share, and grow their presence, participants adopted key strategies such as launching new products, forming collaborations, expanding operations, and acquiring other companies. Additionally, many of these players are increasingly focusing on integrating advanced technologies like AI-powered automation, edge computing, and IoT-enabled connectivity to enhance the functionality, interoperability, and overall efficiency of smart appliances, enabling seamless integration within connected environments and ecosystems.  

To know about the assumptions considered for the study download the pdf brochure

Major Smart Appliances Companies Include:

• SAMSUNG (South Korea)
• LG Electronics (South Korea)
• Panasonic Corporation (Japan)
• Whirlpool (US)
• GE Appliances, a Haier company (US)
• AB Electrolux (Sweden)
• Midea (China)
• BSH Hausgeräte GmbH (Germany)
• Xiaomi (China)
• Miele & Cie. KG (Germany)
• Hangzhou Robam Appliances Co., Ltd. (China)
• Havells India Ltd. (India)
• Godrej Enterprises (India)
• Bajaj Electricals Limited (India)

In June 2025, Samsung launched the 2025 Bespoke AI appliance range in India, expanding the AI Home experience across refrigerators, washers, and air conditioners, reflecting the brand's 'Screens Everywhere' vision. In March 2025, Samsung introduced its new smart fridge lineup, featuring 9" AI Home and enhanced Family Hub screens on 4-Door, 4-Door French Door, and Side-by-Side models. Along with AI Vision Inside and AI Hybrid Cooling technologies, Samsung advanced food management and reinforced its 'Screens Everywhere' vision.

In February 2025, LG Electronics introduced a series of new smart home appliances aimed at improving convenience, efficiency, and user experience. The company launched the SKS 36-inch Cook-zone-free Induction Pro Range, designed to offer greater flexibility and precision for home chefs through advanced induction technology. Alongside this, LG unveiled its new line of slim-door refrigerators equipped with smart control features, a Dual Ice Solution, and redesigned drawers to enhance storage capacity and accessibility. Additionally, the company introduced a smart-enabled dishwasher incorporating QuadWash Pro, Dynamic Heat Dry, and AutoVentDry technologies, enabling faster, more efficient, and energy-conscious cleaning performance.

SAMSUNG is a global technology leader active in four main business areas: DX, DS, SDC, and Harman. The DX sector includes TVs, smartphones, digital appliances, and network systems. Meanwhile, DS focuses on memory and logic semiconductors, SDC specializes in OLED panels, and Harman develops automotive electronics and audio solutions. The company offers smart appliances through the DX segment, incorporating AI, automation, and energy-efficient technologies into products such as refrigerators, washers, dryers, and air conditioners. SAMSUNG maintains a strong global footprint across the Americas, Europe, Asia, Africa, China, and Korea, supported by manufacturing plants and sales facilities.

LG Electronics is a global electronics company specializing in consumer electronics, home appliances, and business solutions. The company operates through key segments: H&A, HE, VS, BS, Innotek, and Other. Smart appliances are offered under the H&A segment, including products like refrigerators, washing machines, air conditioners, and vacuum cleaners that feature AI, connectivity, and energy-efficient technologies. The HE segment focuses on home entertainment, the VS segment on vehicle components, the BS segment on IT solutions, and Innotek on camera modules and materials. LG Electronics has a strong global presence across Korea, the Americas, Europe, Asia, and Africa, supported by production sites, R&D centers, and sales network offices.

Market Ranking

The smart appliances market is expanding rapidly, with major companies like SAMSUNG (South Korea), LG Electronics (South Korea), Panasonic Corporation (Japan), Whirlpool (US), GE Appliances, a Haier company (US), Midea (China), BSH Hausgeräte GmbH (Germany), and Xiaomi (China) actively driving its growth. These companies offer a wide range of smart home products, including refrigerators, washing machines, air conditioners, ovens, and vacuum cleaners, which incorporate technologies like AI, IoT, and automation to improve energy efficiency, connectivity, and user convenience. Through ongoing investments in R&D, digital innovation, and strategic alliances, these players aim to expand their product lines and strengthen their global presence to meet increasing consumer demand for advanced, connected home solutions.

Related Reports:

Smart Appliances Market by Product (Refrigerator, Washing Machine & Dryer, Dishwasher, Oven & Cooktop, AC, Water Heater, Microwave, Coffee Maker, Air Purifier, Cooker, Vacuum Cleaning Robot), Connectivity Type, Sales Channel - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com