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(IT-NEWSWIRE.COM, November 23, 2017 ) The global household appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, increase in labor costs, busier lifestyles, and the availability of a range of home appliances at competitive prices. With increasing digitalization, consumers have become tech-savvy and have strong knowledge regarding the use and benefits of all modern appliances. Also, the influence of social media on the Gen Y and the millennial population is further encouraging them to purchase appliances that can provide convenience and comfort.
Analysts forecast the global smart appliances market to grow at a CAGR of 23.48% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global smart appliances market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of smart appliances worldwide.
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The market is divided into the following segments based on geography: -Americas -APAC -EMEA
Key vendors -Electrolux -Haier -LG -Samsung -Whirlpool
Other prominent vendors -Dacor -Friedrich -FUJITSU GENERAL -Midea -Mitsubishi Electric -Panasonic -Robert Bosch - Videocon -Voltas
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Market driver -Increased convenience and functional value of easily communicating with appliances remotely driving market -Use of connectivity as a differentiating feature by manufacturers -Energy efficiency as a motivating factor for consumers
Market challenge -Security concerns associated with smart air conditioners and IoT concept -Lack of technological exposure and awareness hindering mass adoption of smart connected appliances -Problems in standardization of communication protocol -High initial cost of smart appliances and low consumer base
Market trend -Connectivity and other attractive features in smart connected appliances -Players collaborating with popular online retailer Amazon
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Browse complete report @ http://www.reportsweb.com/global-smart-appliances-market-2016-2020
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Source: EmailWire.Com
Source: EmailWire.com
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