Connect with us

Technology

Smart Home Appliances Market to Reach $62.8 Billion, Globally, by 2034 at 5.9% CAGR: Allied Market Research

Published

on

The global growth of smart home appliances is driven by an increase in urbanization in emerging markets, where rise in middle-class incomes and expansion of digital infrastructure propel demand for connected living solutions. In addition, advancements in artificial intelligence and IoT technologies have enabled appliances to offer personalized experiences and energy-efficient operations, appealing to environmentally conscious consumers. These factors combine to drive a dynamic market landscape characterized by innovation and integration of smart technologies into everyday home environments.

PORTLAND, Ore., Aug. 26, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Smart Home Appliances Market by Product Type (Washing Machine, Refrigerator, Dishwasher, Air Conditioner and Others), and Technology (Wi-Fi, Radio Frequency Identification, Cellular Technology, ZigBee, Bluetooth and Others): Global Opportunity Analysis and Industry Forecast, 2024-2034″. According to the report, the smart home appliances market was valued at $33.8 billion in 2023, and is estimated to reach $62.8 billion by 2034, growing at a CAGR of 5.9% from 2024 to 2034.

Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/738 

Prime determinants of growth 

The global growth of smart home appliances is driven by several key factors tailored to modern consumer needs. The increase in trend toward sustainable living and energy efficiency prompts consumers to opt for appliances that offer smart energy-saving features, such as adaptive temperature control and intelligent power management systems. The rise in urbanization and smaller living spaces in urban areas has boosted demand for compact yet multifunctional smart appliances that maximize utility without compromising on performance. Moreover, advancements in artificial intelligence and machine learning enable appliances to learn user habits, personalize experiences, and autonomously optimize functions, appealing to tech-savvy consumers seeking convenience and efficiency. The integration of smart home ecosystems with voice assistants and mobile applications enhances accessibility and control, offering seamless connectivity and enhancing the overall smart home experience. These factors collectively drive the global smart home appliances market toward substantial growth and innovation.

Report coverage & details:

 

Report Coverage  

 

Details   

 

Forecast Period

 

2024–2034                                  

 

Base Year

2023

 

Market Size in 2023

 

$33.8 billion                    

 

Market Size in 2034

 

$62.8 billion                    

 

CAGR

 

5.9 %

 

No. of Pages in Report

 

298

 

Segments Covered

 

Product Type, Technology, And Region.                       

 

Drivers

 

•  Increase in consumer demand for convenience and automation          

 

•  Growth in adoption of IoT technology              

 

•  Rise in awareness of energy efficiency and sustainability

 

•  Enhanced connectivity through advanced wireless technologies         

 

•  Integration with voice assistants and smart home ecosystems

 

 

Opportunities

 

 

•  Expansion in developing markets

 

•  Advancements in AI and machine learning for smarter functionalities

 

•  Development of eco-friendly and energy-efficient smart appliances

 

 

Restraint

 

•  High initial cost of smart home appliances

 

•  Privacy and security concerns

 

•  Compatibility issues with existing home systems

 

The refrigerator segment held the highest market share in 2023   

By product type, the refrigerator segment held the highest market share in 2023 owing to its essential role in households and continuous advancements in smart technology. Smart refrigerators from brands such as Samsung’s Family Hub series and LG’s InstaView ThinQ incorporate innovative features such as touchscreen displays, cameras for interior monitoring, and Wi-Fi connectivity. These appliances enable users to view their refrigerator’s contents remotely, receive expiry notifications, and even place grocery orders directly from the fridge. Such functionalities not only enhance convenience but also promote efficient food management and reduce energy consumption. In addition, integration with voice assistants such as Amazon Alexa and Google Assistant further streamlines interaction and control, which has made smart refrigerators a preferred choice for tech-savvy consumers seeking modern kitchen solutions that optimize everyday tasks while offering connectivity and sustainability benefits.

Procure Complete Report (298 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/8718231f0f82e32cd53bc2f0def3b533 

The Wi-Fi segment held the highest market share in 2023  

By technology, the Wi-Fi segment held the highest market share in 2023. Wi-Fi technology is widely adopted in smart home appliances primarily for its high data transfer rates and global availability in homes and public spaces. Wi-Fi enables appliances to connect seamlessly to home networks and the internet, facilitating remote control, monitoring, and interaction through smartphone apps or voice assistants. For instance, smart refrigerators such as Samsung’s Family Hub series use Wi-Fi to allow users to view contents, track expiration dates, and manage grocery lists from their smartphones. Similarly, smart thermostats such as Ecobee SmartThermostat leverage Wi-Fi connectivity for energy management and remote temperature control. Wi-Fi’s reliability and bandwidth effectively support the increase in demand for interconnected smart devices in modern homes, offering users convenience, efficiency, and enhanced control over their appliances and overall home environment.

North America led the market share in 2023

By region, North America held the highest market share in terms of revenue in 2023. The dominance is primarily driven by high consumer adoption of smart home technologies, strong purchasing power, and robust infrastructure supporting IoT connectivity. In North America, countries such as the U.S. and Canada have a significant number of tech-savvy consumers who value convenience, energy efficiency, and connected living solutions offered by smart home appliances. Major tech companies based in North America, such as Amazon, Google, and Apple, play pivotal roles in driving innovation and setting industry standards for smart home ecosystems. These factors contribute to North America leading in both market size and technological advancements within the global smart home appliances market.

Players: –

Koninklijke Philips N.V.General Electric CompanySamsung Electronics Co., Ltd.BSH Hausgerate GmbHHaier Electronics Group Co., Ltd.Electrolux ABLG Electronics Inc.Miele & Cie. KGWhirlpool CorporationApple Inc.Panasonic Corporation

The report provides a detailed analysis of these key players in the smart home appliances market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/738 

Recent Industry Dev

In March 2024, Ecobee introduced the SmartThermostat Premium, an upgraded version of its popular smart thermostat to provide more precise climate control and energy savings for smart homes. The new model features a sleek design with a larger display, improved voice control with built-in Alexa, and enhanced sensors for better temperature and occupancy detection.In January 2024, Xiaomi launched the Mi Smart Home Hub, a central control unit for its ecosystem of smart home products to strengthen the product portfolio with smart appliances products. The Mi Smart Home Hub supports Zigbee, Wi-Fi, and Bluetooth connectivity, which allows it to connect with a wide range of smart devices.In July 2023, Signify, the company behind Philips Hue, launched Philips Hue Secure, a line of smart home security products to expand the business into the home security market. The product line includes security cameras, motion sensors, and secure integration with the Philips Hue app.In June 2022, Amazon introduced the Echo Show 15, a smart display designed for the kitchen, which features a 15.6-inch screen that can be mounted on the wall or placed on a counter. It supports Alexa voice assistant, that allows users to control other smart home devices, display recipes, manage calendars, and stream content. The device also includes a visual ID feature that personalizes the experience based on the user.

Related Reports:

Small Domestic Appliances Market https://www.alliedmarketresearch.com/small-domestic-appliances-market-A14266 

Household Appliances Market https://www.alliedmarketresearch.com/household-appliances-market

Smart Ovens Market https://www.alliedmarketresearch.com/smart-ovens-market-A06011 

Smart TV Market https://www.alliedmarketresearch.com/smart-tv-market-A06562 

Commercial Dryer Market https://www.alliedmarketresearch.com/commercial-dryer-market-A06763

 Household Cleaners Market https://www.alliedmarketresearch.com/household-cleaners-market-A06808 

Microwave Oven Market https://www.alliedmarketresearch.com/microwave-oven-market 

Water purifier Market https://www.alliedmarketresearch.com/water-purifier-market 

Hand Dryer Market https://www.alliedmarketresearch.com/hand-dryer-market 

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/smart-home-appliances-market-to-reach-62-8-billion-globally-by-2034-at-5-9-cagr-allied-market-research-302230246.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

Published

on

By

SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

Continue Reading

Technology

Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

Published

on

By

SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

Continue Reading

Technology

Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

Published

on

By

New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/news-releases/air-products-to-expand-industrial-gas-supply-for-samsung-electronics-next-generation-semiconductor-fab-in-south-korea-302757497.html

SOURCE Air Products

Continue Reading

Trending