DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smart Appliances Market - Forecasts from 2016 to 2021" report to their offering.
Smart Appliances Market is projected to grow to US$34.523 billion by 2021 from US$11.528 billion in 2015 at a CAGR of 20.06%.
Increasing global energy demand has facilitated the higher adoption of smart home appliances, as they enable real-time communication to shift the operations time to off-peak periods or to operate the device at low frequencies. Conversely, the major restraining factor limiting the growth of the market is the lack of awareness regarding these products. However, industry players have adopted promotional campaigns and advertising programs in an attempt to create awareness and foster the growth of this market.
Smart appliances are equipped with next generation technology that enables them to communicate with the tablets or smartphones and allow users to control these appliances remotely, providing enhanced convenience, security, and efficiency. One of the main advantages of switching to Smart Appliances is the advantage of optimal energy consumption. Government regulations regarding energy consumption, advancement in electronics and communication technologies and increasing purchasing power of consumers and changing lifestyle are some of the factors propelling the demand for these solutions over the forecast period.
Key industry players profiled as part of this section are General Electric, LG Electronics, Panasonic Corporation, Samsung, and Whirlpool Corporation among others.
- Smart Home Appliances
- Smart Kitchen Appliances
By End User:
- Electrolux AB
- General Electric
- LG Electronics
- Panasonic Corporation
- Samsung Electronics
- Whirlpool Corporation
For more information about this report visit http://www.researchandmarkets.com/research/2kkc7s/smart_appliances