DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9wljp9/global_smart) has announced the addition of the "Global Smart Kitchen Market 2016-2020" report to their offering.
This comprehensive report predicts that the global smart kitchen market will grow with a CAGR of 63.53% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: In a smart home, appliances such as kitchen equipment, heating modules, lighting systems, AC units, computers, TV sets, entertainment systems, security devices, and camera systems are connected using electronic communication units such as smartphones and tablets. Home appliances are also making use of artificial intelligence to accurately predict consumer preferences based on past data. A smart home uses advanced sensors, offering the user complete operational control over the appliances.
According to the report, Compared to traditional appliances, smart kitchen appliances consume less energy, as these are capable of providing continuous feedback to the user on energy consumption. Energy saving will be a major factor that will drive growth in this market. It will also lead to governments encouraging adoption of smart kitchen appliances among individual consumers.
Further, the report states that the initial cost of smart kitchen appliances exceeds the price of conventional appliances. Consumers are skeptical about investing in smart kitchen appliances owing to lack of awareness regarding their benefits.
- 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?
- GE Consumer & Industrial
- LG Electronics
- Samsung Electronics
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: About Author
For more information visit http://www.researchandmarkets.com/research/9wljp9/global_smart
Research and Markets
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SOURCE Research and Markets