DUBLIN--(BUSINESS WIRE)--The "Smart Appliances Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
Smart appliances market is projected to grow to US$36.846 billion by 2022 from US$17.324 billion in 2017 at a CAGR of 16.29% over the forecast period.
Smart appliances are equipped with next-generation technology that enables them to communicate with the tablets or smartphones and allow users to control these appliances remotely, providing enhanced convenience, security, and efficiency. One of the main advantages of switching to Smart Appliances is the advantage of optimal energy consumption.
Government regulations regarding energy consumption, advancement in electronics and communication technologies and increasing purchasing power of consumers and changing lifestyle are some of the factors propelling the demand for these solutions over the forecast period. Increasing global energy demand has facilitated the higher adoption of smart home appliances, as they enable real-time communication to shift the operations time to off-peak periods or to operate the device at low frequencies. Conversely, the major restraining factor limiting the growth of the market is the lack of awareness regarding these products. However, industry players have adopted several new marketing strategies such as promotional campaigns and advertising programs in an attempt to create awareness and foster the growth of this market.
- General Electric
- LG Electronics
- Panasonic Corporation
- Samsung Electronics
- Whirlpool Corporation
- Electrolux AB
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Smart Appliances Market Forecast by Type (US$ billion)
6. Smart Appliances Market Forecast by Technology (US$ billion)
7. Smart Appliances Market Forecast by End User (US$ billion)
8. Smart Appliances Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/h2sck9/smart_appliances