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Home / Videos / 2019 Market Trends: Insane Growth in Smart Appliances

2019 Market Trends: Insane Growth in Smart Appliances

  • March 4, 2019
  • 6:41 pm
  • Picture of Dylan Rodgers Dylan Rodgers

It seems that it started with doorbells and Amazon Alexas and spread throughout the home. Now, nearly everyday appliances commonly boast some “smart” option.

In September, Amazon even unveiled a smart microwave, which comes with full Alexa voice control and the company’s Dash service to conveniently replenish your pantry.

With smart appliances invading the home, we’re taking a look at the statistics that reveal just how prevalent this market has become and which devices are dominating the pack.

 

[embedyt] https://www.youtube.com/watch?v=7hT6TfTWJ0A[/embedyt]

 

Key Points from the Smart Appliance Market

Here’s a breakdown of the key data:

  1. Smart appliance revenue has grown every year since 2016 and is expected to jump over 30% from now until 2022.
  2. By 2020, the smart appliance shares will be as follows: air conditioners 37%, refrigerators 28%, washing machines 27%, dishwashers 4%, clothes dryers 2%, and large cooking appliances 2%.
  3. Top concerns about owning smart appliances include price, data privacy, internet reliance, hacking.
  4. Smart appliance market worth to hit $37.2 billion by 2020.

 

Want more Restech videos? You can access them all here.

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Picture of Dylan Rodgers

Dylan Rodgers

Dylan is Managing Editor of Residential Tech Today. While Dylan spent the majority of his career in education technology, he's an avid backyard scientist who's passion for biology, physics, and other nerdy obsessions overshadows even his intense love for peanut butter.
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