Market Trends of Oman Major Home Appliances Industry
This section covers the major market trends shaping the Oman Major Home Appliances Market according to our research experts:
Smart Homes are Driving the Market
A smart home is a suitable home arrangement in which appliances and gadgets may be remotely and automatically controlled using a mobile or other networked device from any internet-connected location in the world. The number of smart homes in Oman has increased significantly year over year, and this trend is projected to continue in the future years.
Smart home and smart kitchen appliances are essential components of the ecosystem for smart appliances. Self-learning capabilities built into smart home appliances enable the system to be automatically adjusted to the homeowner's schedules. Broadband and internet penetration have increased due to network infrastructure improvements, and consumers are increasingly choosing wireless and technologically advanced items to provide their families with greater protection.
Refrigerator Segment is Dominating the Market
In Oman major home appliances market, the refrigerator is the key revenue-generating segment. The market is driven by factors such as a growing number of households, an increasing number of expatriates in the country, surging disposal income, and declining prices. In Oman, the market for double door refrigerators has captured the majority of the share and would lead through the forecast period. In the coming years, the demand for energy-efficient refrigerators is exhibited to increase owing to rising electricity consumption.
The development of modern refrigerators with smart technology is projected to propel the industry forward in the future. Refrigerator demand is mostly driven by the household sector, and rising living standards have resulted in increased demand for major home appliances in Oman.
The Oman smart connected refrigerator business is growing due to an increase in the use of the Internet of things (IoT) and increased urbanisation. Furthermore, the increase in people's disposable income and the efficiency of smart linked refrigerators, such as the use of less electricity, were predicted to propel the industry forward.
