Smart appliances are an important element in realizing the benefits of smart grid technologies. They have the potential to significantly improve the stability and operational efficiency of the electrical grid with limited impact on the lives of energy users. Because they can manage discrete device components to reduce energy consumption at a moment in time, smart appliances connected to the grid offer extensive load management options. Whether it be the use of renewable sources or load management, smart appliances allow energy consumers to contribute to more efficient management of energy resources while at the same time reducing carbon emissions.
The smart appliance market is on the cusp of transitioning from the development state to commercialization and growth. Appliance manufacturers have been working with utilities and other technology vendors to test and pilot various capabilities enabled by smart appliances. From a technology perspective, market players have demonstrated that it is relatively easy to produce a home appliance that can utilize two-way communications to interact with energy management systems. Yet the market is still grappling with business model issues, questions of user privacy and control, technology standards development, and consumer acceptance.
This Pike Research report examines the current state of the global smart appliance market including an analysis of market drivers and challenges, enabling technologies, regulatory factors, and key industry players. The study features detailed market forecasts of smart appliance unit shipments, revenues, and penetration rates, segmented by appliance product category and key world regions. View full Table of Contents
Key questions addressed:
- What is the global growth outlook for smart appliances over the next 10 years?
- What are some of the key drivers of market growth?
- What challenges are faced by the industry, and how might these be overcome?
- Who are the key industry players, and what are their go-to-market strategies?
- What are the key technologies and standards involved in the development of the smart appliances market?
- How will the smart appliance market differ by country and world region?
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