TechNavio recognizes the following companies as the key players in the Global Smart Appliances Market: Whirlpool Corp., General Electric Co., LG Electronics Co. Ltd., Samsung Electronics Co. Ltd., AB Electrolux, and Indesit Co.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The Global Smart Appliances market is witnessing a trend of increased investment in R and D activities in the design and development of smart appliances. The leading vendors of the market, such as Whirlpool, Electrolux, Samsung, and LG Electronics, have increased their investment in the R and D of smart appliances. These vendors have discovered a huge potential in this market and this is a driving factor for them to increase the investment in the R and D team. Furthermore, vendors are also developing a proper set of technology standards using effective R and D processes. Also, the increased investment in the R and D team has improved the efficiency and performance of smart appliances.”
According to the report, the main driver in this market is the increasing need for efficient appliances. Users adopt smart appliances as they are specifically designed and developed to consume less power and provide high quality of service.
Further, the report states that a major challenge for the market is the high cost of smart appliances. As the prime target end-users are individual consumers, the cost of smart appliances for them is higher than that of normal appliances.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-smart-appliances-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Smart Appliances Market 2012-2016
