The Connected Home Appliance Market is set for a remarkable trajectory of growth over the next decade. In 2024, the market is projected to reach a value of US$ 37,980.4 million, and by 2034, it is anticipated to surpass US$ 88,030.6 million, representing a CAGR of 8.80%. This impressive growth is driven by increasing consumer …
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Connected Home Appliances Market: Surging Demand Drives $78.4 Billion Valuation by 2032
The market for connected home appliances is projected to be worth US$ 33,842.2 million in 2022 and to reach US$ 78,371.7 million in 2032 at a CAGR of 8.8%. The need for home automation is said to be on the rise. In short, any electronic home appliance if provided with internet connectivity would become connected home appliance. Smart home appliances enable users …