Modern living revolves around comfort, efficiency, and smart solutions—making home appliances an essential part of everyday life. Whether it's a refrigerator that helps manage groceries or a washing machine you can control from your phone, today’s appliances are redefining convenience at home.
The home appliances market is growing rapidly, fueled by smart home adoption, rising disposable incomes, and a push for energy-efficient, time-saving solutions. Manufacturers are innovating with IoT integration, voice controls, and eco-friendly designs to meet evolving consumer demands. As technology continues to shape how we live, the demand for smarter, more efficient appliances is set to rise, driving strong market growth across the globe. According to Extrapolate, the global home appliances market will hit USD 778 billion by 2032.
The top 10 companies shaping the future of home appliances market
1. Bajaj Electricals Ltd
Bajaj Electricals is one of the well-established players in the Indian consumer appliances sector along with lighting and EPC (engineering, procurement, and construction) services. In the home appliances market, the company offers kitchen appliances, fans, and water heaters under the Bajaj and Morphy Richards brands.
2. Guangdong Galanz Enterprises Co., Ltd.
Galanz is a global manufacturer known for its microwave ovens, refrigerators, and washing machines. It serves the home appliances market with products under the Galanz brand, focusing on affordability and efficiency. The company develops AI-powered inverter technology for its refrigerators and air conditioners, improving energy savings and performance.
3. Haier Inc.
Haier is one of the largest home appliance manufacturers, offering refrigerators, washing machines, air conditioners, and kitchen appliances. It operates under Haier, GE Appliances, and Fisher & Paykel in the home appliances market, ensuring a broad consumer reach. Haier also develops smart washing machines with micro-steam technology, designed for better fabric care and water efficiency.
In February 2025, Haier launched the Kinouchi range of air conditioners in India, featuring colorful designs combined with AI-driven cooling technology. These ACs integrate Haier’s Artful Intelligence for smart performance, along with a unique aesthetic appeal. This launch aims to differentiate Haier in the competitive Indian consumer appliances market by blending technology with design, strengthening its brand presence and appeal to style-conscious consumers.
4. Hitachi Appliances, Inc.
Hitachi specializes in premium home appliances, including refrigerators, air conditioners, and vacuum cleaners. In the home appliances market, it sells products under the Hitachi and Inspire the Next brands, known for high-end durability. The company has integrated eco-thermo sensors and AI cooling technology into its refrigerators, enhancing energy efficiency and food preservation.
5. Koninklijke Philips N.V.
Philips is a key player in health-focused consumer electronics and small home appliances. It contributes to the home appliances market with air purifiers, coffee makers, and kitchen devices under the Philips and Saeco brands. The company also develops AI-powered smart air purifiers that analyze air quality in real time and adjust filtration accordingly.
6. LG Electronics
LG is one of the leading players in home appliances, providing refrigerators, washing machines, dishwashers, and air solutions. In the home appliances market, its products are branded under LG ThinQ and Signature series, focusing on smart home integration. The latest innovation from LG includes AI-based washing machines with direct-drive motor technology, offering optimized wash cycles for different fabric types.
In February 2025, LG Electronics introduced premium refrigerators equipped with the industry’s first integrated auto open door feature and dual ice maker system. These refrigerators include a compartment that produces both cubed and spherical ice, along with ‘Craft Ice’ feature tailored for cold beverages and soups. This product enhances LG’s position in the global premium home appliance market by combining innovation with user convenience, appealing to high-end consumers seeking advanced kitchen solutions.
7. SAMSUNG
Samsung dominates the home appliances market with a range of smart refrigerators, washing machines, and air conditioners under the Samsung and Bespoke brands. It is at the forefront of innovation, having introduced AI-powered smart refrigerators with food tracking and personalized meal planning features.
In March 2025, Samsung introduced AI-powered connected living solutions at its World of Samsung event. The company showcased smart home innovations across entertainment, appliances, and energy management, with AI-driven smart refrigerators and enhanced connectivity.
8. SONY ELECTRONICS INC.
Sony, widely recognized for its consumer electronics, has expanded into select smart home appliances. In the home appliances market, it offers air purifiers and robotic vacuum cleaners under the Sony and Aibo brands. The company develops AI-driven robotic home assistants, enabling automation and voice-controlled device management.
9. Transform SR Brands LLC
Transform SR Brands, formerly Sears Holdings, owns well-known home appliance brands like Kenmore. It competes in the home appliances market with kitchen and laundry appliances designed for performance and longevity. The company also develops smart washers and dryers with water efficiency optimization.
10. Whirlpool
Whirlpool is one of the leading companies in home appliances, offering refrigerators, ovens, washing machines, and dishwashers under Whirlpool, KitchenAid, and Maytag. It has been driving the home appliances market forward with adaptive intelligence technology in refrigerators, ensuring optimal cooling based on user behavior.
In February 2024, Whirlpool launched its FreshFlow Vent System on new smart front load washers in the U.S. This feature circulates fresh air after a wash cycle to prevent odor buildup and maintain freshness inside the washer. The development enhances Whirlpool’s position in the smart appliance sector and caters to growing consumer demand for hygiene-focused and connected home solutions.
Conclusion
The home appliances market is undergoing a smart transformation, driven by innovation, energy efficiency, and evolving consumer needs. Companies like Samsung, Whirlpool, and LG are leading this change with AI-powered, connected solutions that redefine convenience and sustainability at home. As smart homes become the norm, and eco-conscious living gains traction, these top 10 companies are not only meeting demand but also shaping the future of how people live through smarter, faster, and more efficient appliances.
