Market Research Report
Smart Appliances Expand Smart Home IoT Opportunity for Energy Customers
|Published by||Navigant Research||Product code||608806|
|Published||Content info||11 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
|Smart Appliances Expand Smart Home IoT Opportunity for Energy Customers|
|Published: February 27, 2018||Content info: 11 Pages; 3 Tables, Charts & Figures||
A wave of adoption of smart home and Internet of Things (IoT) products and technologies has risen among consumers seeking greater automation, energy savings, and convenience in their homes. Products like smart thermostats, connected lights controlled by voice activation, and smart locks have gained a foothold among a growing number of consumers. Yet, smart appliances still lag behind the rest of this market, despite years of assurances from appliance manufacturers and other stakeholders that these products are ready for mainstream buyers. Most consumers just do not buy the hype surrounding this category.
Although significant barriers remain, the market shows signs of trending upward. It appears the smart appliances market is finally poised for the growth that has been so elusive. Stakeholders in this market segment should be able to ride the IoT smart home wave. Given proper focus by these stakeholders, smart appliances should become a much more robust market segment that benefits both buyers and sellers. However, if major players do not execute on key strategies outlined in this report, the market could flounder.
This Navigant Research report analyzes the shift in the smart appliances market as a subset of the smart home IoT trend and what this shift means for the many stakeholders, which include manufacturers, retailers, utilities, home builders, regulators, and insurers. The study examines the market growth cycle in different regions, as well as the drivers and barriers related to smart appliances. It also provides recommendations on how the key stakeholders can spur smart appliance adoption around the world.