The increase in consumer disposable income, high standard of living and the need for convenience are driving many consumers to purchase smart home appliances.
Home appliances, also referred to as domestic appliances, electric appliances or household appliances are part of smart home automation networks. Due to rising economies and evolving consumer lifestyles, the home appliances market is expected to register a CAGR of more than 4% during the forecast period. The increase in consumer disposable income, high standard of living and the need for convenience are driving many consumers to purchase smart home appliances. These devices offer advanced features, promise greater convenience, reduce labor and can even save energy. And the market will continue to grow, driven significantly by trends such as effectiveness, variety, sustainability, stylish design and smart functionality of home appliances.