Smart Appliances Market Worth USD 37.2 Billion by 2020

News provided by

Sep 09, 2015, 01:30 ET

PUNE, India, September 9, 2015 /PRNewswire/ --

According to the new market research report "Smart Appliances Market by Smart Home Appliances (Washer, Dryer, Air Conditioner, Vacuum Cleaner), Smart Kitchen Appliances (Refrigerator, Dishwasher, Freezer), Technology (Wi-Fi, NFC, Bluetooth), End User, and Region - Global Forecast to 2020", published by MarketsandMarkets, the smart appliances market is estimated to reach USD 37.2 Billion by 2020, at a CAGR of 15.4% between 2015 and 2020.

Browse 86 tables and 74 figures spread through 168 Pages and in-depth TOC on "Smart Appliances Market"

http://www.marketsandmarkets.com/Market-Reports/smart-appliances-market-8228252.html
Early buyers will receive 10% customization On this report.

The Smart Appliances Market is expected to grow at a CAGR of 15.4% between 2015 and 2020. With the help of smart appliances, consumers are able to shift their energy consumption to off-peak periods and can optimize their energy use. Consumers nowadays prefer energy-efficient smart appliances due to rising energy prices. Increased government regulations regarding energy consumption is also one of the factors driving the growth of the smart appliances market.

The smart appliances market has been segmented based on the type, technology, end user, and geography. Smart home appliances are expected to lead the market during the forecast period; they accounted for ~48% of share in 2014. This market is expected to grow at a CAGR of 16.8% between 2015 and 2020. However, due to growing advancements in kitchen appliances, the market for the same is expected to grow at a high CAGR of 14.6% between 2015 and 2020.

This report describes the drivers, restraints, opportunities, and challenges with respect to the smart appliances market. The factors which are driving the smart appliances market include the rising energy prices, availability of wireless solutions, and changing lifestyles and preferences of consumers. The restraining factors affecting the market include privacy concerns among end users and the lack of awareness about the benefits of smart appliances. Machine to machine (M2M) communication and large scale digitization are expected to provide new growth opportunities to players in the smart appliances market. High capital investments followed by a significant maintenance cost and linking disparate systems are the key challenges for the growth of this market.

Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=8228252

Some of the key players operational in this market include Eaton Corporation Plc (U.S.), Parker Hannifin Corporation (U.S.), Woodward, Inc. (U.S.), Honeywell International, Inc. (U.S.), Triumph Group, Inc. (U.S.), Meggitt PLC (U.K.), United Technologies Corporation (U.S.), GKN PLC (U.K.), and Zodiac Aerospace (France).

Browse Related Reports

Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, Others), and by Geography - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/machine-to-machine-market-732.html

Internet of Things Technology and Application Market by Communication Technology (ZigBee, Z-Wave, Bluetooth, Wi-Fi, NFC, RFID), Application Vertical (Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, Agriculture) & Geography - Global Trends & Forecasts to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/iot-application-technology-market-258239167.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets