Brazil Smart Home Appliances Market Size & Outlook
- Consumer Goods
- Consumer Electronics & Appliances
- Smart Home Appliances Market Outlook
- Consumer Electronics & Appliances
Brazil Smart Home Appliances Market, 2017-2030 (US$M)
Global Market
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Brazil smart home appliances market highlights
- The Brazil smart home appliances market generated a revenue of USD 686.3 million in 2022 and is expected to reach USD 1,207.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, smart air purifiers was the largest revenue generating product in 2022.
- Smart Air Purifiers is the most lucrative product segment registering the fastest growth during the forecast period.
Smart home appliances market data book summary
| Market revenue in 2022 | USD 686.3 million |
| Market revenue in 2030 | USD 1,207.6 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Smart air purifiers |
| Fastest growing segment | Smart Air Purifiers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Washing Machines, Smart Air Purifiers, Smart TV |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Haier Smart Home Co Ltd ADR, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Robert Bosch Engineering & Business Solutions, Electrolux AB ADR, Koninklijke Philips NV, GE Aerospace, Xiaomi Corp Class B |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.4% of the global smart home appliances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart home appliances market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,207.6 million by 2030.
Urbanization and tourism-oriented commercial real estate development in the country are expected to drive the demand for smart home appliances. Over the past few years, mobile networks have acted as an important enabler to bring connectivity across the country via a government program to promote the universalization of the internet in the country.
Mobile broadband is facilitating connections, specifically in distant areas. It allows for much faster and cost-effective broadband connection deployments. Additionally, in Brazil, the initiative for the development of 5G networks was first taken in February 2017.
The same year, the Ministry of Science, Innovations, Technology, and Communications signed a Memorandum of Understanding (MoU) with the Chinese telecommunications equipment company Huawei for strengthening Brazilian Research & Development (R&D) and technical cooperation in IT & telecommunications.
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Smart Home Appliances Market Scope
Smart Home Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Xiaomi Corp Class B | View profile | 33,627 | Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, China, People's Republic of | www.mi.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Haier Smart Home Co Ltd ADR | View profile | 112,458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | smart-home.haier.com/cn |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | www.bosch-india-software.com |
Brazil Smart Home Appliances Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Home Appliances Market Outlook will help companies and investors design strategic landscapes.
Smart Air Purifiers was the largest segment with a revenue share of 35.32% in 2022.
Horizon Databook has segmented the Brazil smart home appliances market based on smart washing machines, smart air purifiers, smart tv covering the revenue growth of each sub-segment from 2017 to 2030.
Urbanization and tourism-oriented commercial real estate development in the country are expected to drive the demand for smart home appliances. Over the past few years, mobile networks have acted as an important enabler to bring connectivity across the country via a government program to promote the universalization of the internet in the country.
Mobile broadband is facilitating connections, specifically in distant areas. It allows for much faster and cost-effective broadband connection deployments. Additionally, in Brazil, the initiative for the development of 5G networks was first taken in February 2017.
The same year, the Ministry of Science, Innovations, Technology, and Communications signed a Memorandum of Understanding (MoU) with the Chinese telecommunications equipment company Huawei for strengthening Brazilian Research & Development (R&D) and technical cooperation in IT & telecommunications.
- Brazil Smart Home Appliances Market Product Outlook (Revenue, USD Million , 2017-2030)
- Smart Washing Machines
- Smart Air Purifiers
- Smart TV
- Others
- Brazil Smart Home Appliances Market Distribution Channel Outlook (Revenue, USD Million , 2017-2030)
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- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Smart Home Appliances Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Smart Home Appliances Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Smart Home Appliances Market, 2017-2030 (US$M)
Brazil smart home appliances market statistics, by product, 2017-2030 (US$M)
