Connected Home Appliance Market in the US 2015-2019

Dec 31, 2015, 09:54 ET from Reportlinker

NEW YORK, Dec. 31, 2015 /PRNewswire/ -- About connected home applianceSmart home appliance or connected home appliance allows home dwellers to monitor and control the activities necessary to carry out at home on a regular basis from a remote location. This helps convenient lifestyle for consumer and enhances the quality of life. Adoption of smart home appliance helps reduce energy bills through energy conservation. Connected home appliance providers have to focus on the untapped potential consumer segment to boost the market revenue. This market is expected to witness rapid growth in the coming years due to the growing awareness of the connected devices among users.

Technavio's analysts forecast the connected home appliance market in the US to grow at a CAGR of 98.36% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the connected home appliance market in the US for the period of 2015-2019. To calculate the market size, the report considers the following:

- Revenue generated from home appliance services provided by telecom operators, internet service providers, managed service providers, and equipment providers

- Service revenue from three categories: kitchen and laundry equipment, air conditioners, and smart TVs. In kitchen and laundry equipment includes refrigerators, dishwashers, cooktops and induction stoves, and washing machine

- It doesn't include revenue generated from the sales of the above-mentioned devices

Technavio's report, Connected Home Appliance Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the connected home appliance market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

- Arris Group

- Comcast

- iControl Networks

- Samsung

Other prominent vendors

- AT&T- Bosch- Dacor- Electrolux- Frigidaire- GE- Haier- Ingersoll-Rand- Sprint- Thermador- Whirlpool Corporation

Key market driver

- Growing smartphone penetration

- For a full, detailed list, view our report

Key market challenge- Lack of standardization and interoperability of devices- For a full, detailed list, view our report

Key market trend

- Cloud-enabled technologies

- For a full, detailed list, view our report

Key questions answered in this report

- What will the market size be in 2019 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?

Read the full report:

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