Smart Appliances Market worth $76.4 billion by 2026 | at a CAGR of 17.7%

Smart Appliances Market is expected to grow from USD 33.8 billion in 2021 to USD 76.4 billion by 2026; it is expected to grow at a CAGR of 17.7% during the forecast period. The major driving factors for the growth of the smart appliances market include rising energy prices, changing lifestyles of consumers, increasing use of wireless connectivity, and increased government regulations to save energy. However, the COVID-19 outbreak has resulted in a decline in the growth rate of the smart appliance market, especially in 2020 and 2021.

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