Smart Appliances Market Outlook, Cost Structure & Forecast to 2020

(EstateNewsWire.com, November 23, 2017 ) The global household appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, increase in labor costs, busier lifestyles, and the availability of a range of home appliances at competitive prices. With increasing digitalization, consumers have become tech-savvy and have strong knowledge regarding the use and benefits of all modern appliances. Also, the influence of social media on the Gen Y and the millennial population is further encouraging them to purchase appliances that can provide convenience and comfort.

Analysts forecast the global smart appliances market to grow at a CAGR of 23.48% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart appliances market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of smart appliances worldwide.

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The market is divided into the following segments based on geography:
-Americas
-APAC
-EMEA

Key vendors
-Electrolux
-Haier
-LG
-Samsung
-Whirlpool

Other prominent vendors
-Dacor
-Friedrich
-FUJITSU GENERAL
-Midea
-Mitsubishi Electric
-Panasonic
-Robert Bosch
- Videocon
-Voltas

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Market driver
-Increased convenience and functional value of easily communicating with appliances remotely driving market
-Use of connectivity as a differentiating feature by manufacturers
-Energy efficiency as a motivating factor for consumers

Market challenge
-Security concerns associated with smart air conditioners and IoT concept
-Lack of technological exposure and awareness hindering mass adoption of smart connected appliances
-Problems in standardization of communication protocol
-High initial cost of smart appliances and low consumer base

Market trend
-Connectivity and other attractive features in smart connected appliances
-Players collaborating with popular online retailer Amazon

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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