Smart Home Appliances Market: A Regional Landscape Overview
The global smart home appliances market continues to show remarkable growth, defying challenges posed by the COVID-19 pandemic. In 2021, the market size reached USD 30.5 billion, and it is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period. Several factors are driving this remarkable growth in the smart home appliances market.
Proliferation of Smart Homes and Increasing Home Improvement Projects
The proliferation of smart homes has become a significant driver of product demand. As more households embrace smart technology, the demand for intelligent home appliances has surged. Moreover, increasing home improvement projects, especially in Western countries, have paved the way for various smart home applications, further boosting product dema...