Consumer demand for smart appliances is growing. Sales for major home appliances such as fridges, ovens and washers/dryers increased by 140% last year. One in three U.S. online adults are likely to buy a smart appliance, according to our latest survey completed January 2016.
Consumers are highly satisfied with their smart home appliance products overall but are demanding much better software solutions.
Within the next five years, there will be nearly 100 million Internet-connected smart appliances installed worldwide. By 2020, smart appliance annual shipments will make up 16% of energy-efficient home appliance shipments. The majority of products will be major home appliances but opportunities are growing for network connected smaller appliances such as slow-cookers, vacuums and coffee makers that make up over half of the total potential market.
Market analysis for this report includes surveys and phone interviews with 2,000+ individuals, an evaluation of 169 products with 20,000 consumer reviews, 300 mobile apps with 220,000 app ratings and an analysis of 50+ companies, industry groups and technology standards.
It covers the global smart home appliances market opportunities and threats for utilities/energy retailers, home service providers, hardware manufacturers, software developers and chipset suppliers. Global 5-year market size forecasts (2014-2020) include breakdowns by product type, equipment and services, geography and technology.
This report is part of a series of reports on the smart home that may be purchased separately or as part of a report set.
Home Appliance Manufacturers
BSH Home Appliances
Miele & Cie. KG
Software & Control Systems
Iris by Lowe’s
Robert Bosch Smart Home
Silver Spring Networks