Published on : Oct 25, 2016
ALBANY, NY, Oct 25, 2016: The vendor patents of the smart home appliances market have been studied from three main perspectives – patent distribution by field, sector, and country. It also studies key technologies used and applications of smart home appliances. This report looks into the important patents related to smart home appliance technologies. The study makes use of tables, graphics, and charts so that readers get an enhanced reading experience.
The growth of the smart home appliances market is credited to factors such as substantial advancements in the IoT field, the growing demand for convenience by consumers, and a need for safety and security. The rising need to save energy and make use of green or low carbon emission-oriented appliances at home are together expected to fuel the demand for smart home appliances. Players in the home appliances market are thus, expanding their product portfolio to include appliances that have offer optimal energy management.
Smart home appliances enable consumers to focus their energy consumption to off-peak periods and optimize the use of energy. The growing prices of energy have compelled consumers to opt for energy-efficient smart home appliances. In addition to this, various government regulations across the globe regarding the consumption of energy will drive the global smart home appliances market. Moreover, the promise of added convenience when using these appliances, the amount of time saved as compared to operating them manually, and the reduction in power and energy consumed are factors propelling the popularity of smart home appliances on a global scale.
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The Asia Pacific smart home appliances market is anticipated to witness significant growth in the coming years owing to a surge in the infrastructural activities and new residential projects. There exists high demand for smart home appliances from emerging economies such as South Korea, China, and India. The demand for various home appliances such as lighting systems, household robots, smart refrigerators, vacuum cleaners, smart HVAC, microwave ovens, smart TV, air conditioners, hot water systems, and smart washing machines will be high. The expanding network of high-speed internet and advancements in sensors, microchips, hardware products, and connectivity mediums are aiding the growth of the global smart home appliances market.
On the other hand, the high prices of smart home appliances as opposed to the conventional non-smart home appliances will hamper their adoption. This is especially true for cost-sensitive countries. The report profiles some of the key manufacturers operating in the smart home appliances market such as Samsung, GE Appliances, Whirlpool, Electrolux, and LG. The business and financial overview of the companies and their growth strategies are included in the report.
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