Smart appliance shipments to exceed 24 Million units by 2017, but high prices remain a barrier
February 14, 2012 // Julien Happich
Like the closely-linked market for home energy management systems (HEMS), the smart appliances market has, so far, failed to take off as many had expected. Many products are still involved in small pilots and have failed to hit retail outlets in any large number. However, shipments will soon begin to pick up and exceed 24 million units by 2017.
With smart meter deployment growing apace, energy costs following a seemingly upward trajectory, and progress made on improving interoperability of all aspects of the smart grid, it is only a matter of time before shipments gather momentum. However, it is likely that it will take a couple of years for ultra-premium price tags to erode and for dynamic pricing structures to become more widely implemented in order to titillate consumer demand.
The number of major appliance manufacturers that have used recent trade shows as launch pads for new products is a sure sign that the market may soon see substantial growth. “LG Electronics, for example, along with fellow South Korean appliance manufacturer, Samsung Electronics, are two of the first companies to have already brought a comprehensive range of smart appliances to market,” says Craig Foster, senior analyst, home automation and M2M. “Whirlpool, BSH, Miele, and Electrolux are among the other leading players to have unveiled one or more smart products.”
Additionally, the number of households with utility-provided HEMS will increase from an estimated 2.5 million households in 2011 to 36 million households in 2017. Foster says, “In the early stages of the HEMS market, an almost unanimous perception existed that utilities would lead the way in terms of the deployment of these solutions. However, utilities are now widely considered to have acted much slower than many anticipated, allowing many other routes to market to develop.”
ABI Research's two reports, “Smart Appliances” and “Utility-Provided Home Energy Management Services,” provide six-year forecasts for the smart appliance market and the utility-led HEMS market, respectively.
Visit ABI Research at www.abiresearch.com
Google, Silicon Labs mesh for ZigBee-like protocol
October 02, 2014
With industry players all battling to "own" customers and their data, the Internet of Things (IoT) market looks chaotic and ...
Will fault management solution be key to DC switch?
ARM extends into IoT software
Is there a future for the MOST bus?
Beyond programmability: full design observability at runtime
Nikola Tesla's lab could speak to future generations
October 01, 2014
Macronix rolls out European expansion plan
Intel leads non-iPad tablet processor market
Farnell element14 signs global agreement with RECOM Power
- Solutions for Millimeter Wave Wireless Backhaul
- Enter Linduino
- A Novel Approach to Industrial Rectifier Systems
- Putting FPGAs to Work in Software Radio Systems Handbook
InterviewIs there a future for the MOST bus?
In no other domain in the car, the technological evolution is advancing more rapidly than in the infotainment sector. Nevertheless, the MOST data networking technology seems to maintain its position as ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.