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Smart Appliances Industry in India 2024-2029

Publisher Netscribes (India) Pvt. Ltd.
Published Dec 01, 2024
Length 53 Pages
SKU # NBS20462223

Description

The market for smart appliances in India consists of internet or local network-enabled household devices, including both big (refrigerators, washing machines, and ovens) and small (microwaves, coffee machines, and robots) devices.

In 2023, the smart appliances industry in India was valued at INR 222.99 Bn and is expected to reach INR 353.40 Bn by FY 2029, expanding at a compound annual growth rate (CAGR) of 8.27% during the 2024 – 2029 period. The Indian smart appliances market incorporates manufacturing, IoT technology integration, and research and development in devices such as ACs, refrigerators, washing machines, TVs, and others.

Advancements in technology, including fast charging, improved connectivity, and easy integration with voice assistants, have made smart appliances more affordable and widely available in India, in turn fueling market expansion.

Market drivers:

Technological progress, especially in IoT, allows smart devices to provide improved user experiences with functions such as remote operation, automation, and voice interaction, increasing their attractiveness to tech-savvy users. The incorporation of IoT in smart devices facilitates effortless connectivity among devices, permitting users to manage and oversee their appliances from any location, enhancing convenience and productivity.

Market Trends:

As environmental awareness rises, Indian consumers are progressively opting for energy-efficient and eco-friendly smart gadgets to minimize their carbon footprint and energy use. The Indian government's promotion of energy-saving products, featuring subsidies and tax incentives for Energy Star-certified appliances, is motivating consumers to purchase environmentally friendly smart devices.

Table of Contents

53 Pages
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Market Definition and Structure
Chapter 4: Market Overview
India MSME sector – An Overview
Distribution of Employment in the MSME Sector – Category-wise Split
Distribution of Workers, by Gender in Rural and Urban Areas
Registered MSMEs in India – Rural vs Urban Split
Registered MSMEs in India in FY24 – Split Based on Types of Enterprises
Distributions of Estimated MSME – Activity-wise Split
Distribution of Employment Provided by Micro, Small, and Medium Enterprises
State-wise Distribution of Enterprises
Share of Udyam Registrations, Including Informal Micro Enterprises on UAP: Manufacturing, Services, and Trading
Distribution of Micro, Small & Medium Enterprises as per Udyam Registration
Top 10 States Based on Total Udyam Registrations
Top 10 States Based on Micro Udyam Registrations
Top 10 States Based on Small Udyam Registrations
Top 10 States Based on Medium Udyam Registrations
Top 10 States Based on Highest Number of Employment and Average Employment Per Firm
Top 10 States with Highest Employment and Average Employment Per Firm: Micro Enterprises
Top 10 States with Highest Employment and Average Employment Per Firm: Small Enterprises
Top 10 States with Highest Employment and Average Employment Per Firm: Medium Enterprises
Chapter 5: Market Influencers
5.1. Market Drivers
5.2. Market Challenges
Chapter 6: Market Trends
Key Market Trends
Chapter 7: Government Initiatives
7.1. Key Government Initiatives
Chapter 8: Competitive Landscape
8.1. Central Bank of India
Company Information
Business Description
Products/services
Key People
Financial Snapshot
Key Ratios
Key Financial Performance Indicators
Key Business Segments
Key Geographic Segments
Note: Financial information has been covered only for public companies
8.2. State Bank of India
8.3. Union Bank of India
8.4. Axis Bank
8.5. Bajaj Finserv Limited
8.6. Bandhan Bank Limited
8.7. Federal Bank Limited
8.8. HDFC Bank Limited
8.9. ICICI Limited
8.10. Kotak Mahindra Bank Limited
Chapter 9: Recent Developments
9.1. Key Recent Developments
Chapter 10: Strategic Recommendations
Chapter 11: Appendix
11.1. About Netscribes
11.2. Research methodology
11.3. Disclaimer

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