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Smart Home Appliances Market Is Reaching A Value Worth $92.72 Billion By 2027 | Grand View Research, Inc – Press Release

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, the global smart home appliances market size was valued at USD 32.30 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027.

The global smart home appliances market worth USD 92.72 billion by 2027, at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. Growing urbanization and demand for electrical appliances is likely to propel a huge demand in the upcoming years. In addition, increase in competition for manufacture of production of innovative home appliances is expected to play a pivotal role in shaping the market growth in the forthcoming years.

The demand for smart home appliances such as smart air purifiers, smart lights, smart washing machines, and others is likely to enhance the market growth. Rise

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