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The consumer appliance market is experiencing significant changes driven by technological innovation, shifting consumer preferences, and environmental considerations.
According to Statista, the industry was expected to generate $670 billion in 2024 and over $800 billion by 2028 in global revenue. In North America, the market is valued at $86.77 billion in 2025 and is estimated to grow to $99 billion by 2029.
As we enter 2025, businesses must monitor and remain on top of these shifts to ensure their viability.
This blog post highlights four critical consumer appliance market trends that can shape business strategies in the coming year.
#1. Smart Refrigeration
Smart refrigerators are no longer a futuristic concept. They’re becoming steadily popular, offering a range of features that can enhance your daily life. From digital displays to automatic inventory management and AI energy management, these appliances are designed to make your life easier.
In October 2024, the Korea Institute of Energy Research (KIER) demonstrated its new refrigeration technology. According to TechXplore, the institute replaced conventional coolants, which cause global warming, with air. They implemented the reverse-Brayton cycle to cool the surroundings to -60 degrees Celsius. Scientists are now working on maximizing the system’s performance to help achieve the goal of -100 degrees Celsius.
Moreover, a Research and Markets report reveals the international smart refrigerator segment was valued at $634.20 million in 2022. They expect the market to expand at a compound annual growth rate (CAGR) of over 7 from 2022 to 2028. Meaning, it will exceed $939 million in valuation in 2028. Various factors are supplementing this surge.
Major reasons include increasing consumer demand for convenience and connectivity, improved food management and waste elimination, energy efficiency and sustainability, and technological advancements. This data helps businesses plan their distribution strategies.
As a business, you can capitalize on this trend by developing innovative features, improving energy efficiency, and enhancing the user experience of smart refrigerators. By staying ahead of the curve, you can position your brand as a smart home appliance leader.
#2. Multi-Tasking Cooking Appliances
Modern consumers are drawn to appliances that save time and simplify cooking. According to Forbes, over 85% of the population agrees. Multi-tasking cooking appliances, such as air fryer ovens and pressure cooker-air fryer hybrids, are gaining popularity. Over 70% want these products to reduce cooking time and provide precision control.
Moreover, about 50% of domestic chefs wish to use smartphones to operate their ovens or ranges. Nearly 40% of respondents want programmable cooking settings for delayed starts, while 21% prefer voice-controlled gadgets. These products could offer versatility and are ideal for busy families seeking to simplify meal preparation.
While this trend is promising, it comes with challenges. Businesses must prioritize safety and user-friendliness when designing these products. Failing to remedy these variables can pose grave issues. For instance, several people often ask, ‘Can a pressure cooker explode?’ Although rare, pressure cooker explosions can occur, often due to manufacturing defects.
Malfunctioning gaskets, faulty lid seals and locks, poor air distribution, defective pressure release valves, bad wiring, and inaccurate digital markings increase the risk. According to TorHoerman Law, Best Buy recalled about a million pressure cooker units in October 2023 because they posed a severe burn hazard. The recalled units had flawed volume indicators on their inner containers.
Such episodes can harm consumers and a brand’s reputation. To stay competitive, businesses should focus on rigorous testing and incorporating advanced safety mechanisms in multitasking appliances. This approach improves trust and reduces potential liabilities.
#3. Microwave Alternatives
Microwaves have been a necessity in kitchens for ages. According to Precedence Research, the North American microwave oven economy was valued at $16.22 billion in 2024. It’ll exceed $16.5 billion in 2025, cross $20.5 billion in 2030, and reach $244 billion in 2034.
However, traditional microwaves are losing appeal as consumers become more health-conscious and environmentally aware. The potential health risks associated with microwave radiation and microwaves’ environmental impact are driving the demand for alternative cooking methods. Steam and speed ovens, convection microwaves, and smart induction cooktops are emerging as popular replacements.
These alternatives appeal to health-conscious individuals seeking better cooking results without compromising convenience. Steam ovens, for instance, retain more nutrients in food than traditional microwaves. Convection microwaves offer faster cooking times and evenly cooked meals.
Businesses should recognize this growing demand and expand their offerings to include these innovative appliances. By investing in microwave alternatives, brands can target a niche market of tech-savvy and health-oriented consumers. This serves as a compelling selling point in a tight economy.
#4. Sustainable Appliances
Sustainability is becoming a central theme in consumer buying preferences. Consumers seek energy-efficient appliances that reduce their carbon footprint and lower utility bills. The appliance industry is responding with energy-efficient designs, recyclables, and reduced carbon footprints. These specs are steadily emerging as a dominant attribute for buyers.
The push for sustainability is not just a consumer-driven trend but also aligns with regulatory requirements and financial incentives. For instance, energy-efficient appliances often qualify for tax rebates, providing additional value to consumers.
For businesses, investing in sustainable practices can cause long-term benefits. This includes stronger brand loyalty and access to a growing market segment prioritizing green products. Highlighting these efforts in marketing strategies can further enhance a brand’s appeal, especially in competitive markets.
Commonly Asked Questions
Q1. What features should businesses prioritize in smart home appliances?
Businesses should focus on energy efficiency, AI integration, and user-friendly designs in smart home appliances. Features like remote control, automated alerts, and sustainability certifications are highly valued. Prioritizing these functions ensures products meet consumer demand and align with emerging market trends.
Q2. How do sustainable appliances benefit manufacturers?
Sustainable appliances enhance brand reputation, attract eco-conscious buyers, and meet regulatory standards. Manufacturers also benefit from cost savings through energy-efficient designs and potential tax rebates. This long-term approach drives loyalty while differentiating brands in competitive markets.
Q3. How can kitchens be made more energy-efficient?
Kitchens can be made more energy-efficient by using energy-efficient appliances, such as induction cooktops and energy-saving refrigerators. Opt for LED lighting, seal gaps to prevent heat loss, and utilize programmable thermostats. Using pressure cookers, slow cookers, and convection ovens can also help reduce energy consumption while cooking.
All in all, the consumer appliance market is undergoing significant transformation. It is characterized by innovation, efficiency, and sustainability. By staying informed about key trends, businesses can position themselves for success in the years to come.
Update your inventory and marketing strategies to match these consumer preferences. Track regional differences in adoption rates. This helps in planning stock levels and promotional activities. Stay informed about new technologies to maintain competitive advantage in this growing market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
