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
Saltwater-powered lamp lights up areas with no electricity
July 29, 2015
An LED lamp powered by salt and tap water is being offered as a safer and more efficient means of lighting in areas with ...
Audi to demo OLED exterior lighting at IAA
First color-tunable graphene-based LED is demonstrated
Mobile security report shows malware impacting Android market
Qualcomm enables wireless charging for mobile devices with metal cases
Intel, Micron launch "bulk-switching" ReRAM
July 28, 2015
Intel Corp. and Micron Technology Inc. have launched a new class of non-volatile memory that they have called 3D Xpoint and ...
Demand for radar systems boosts Infineonís chip production
'Test city' opens for autonomous cars
AMS buys environmental sensor business from NXP
- Dual Phase Buck Controller Drives High Density 1.2V/60A Supply with Submilliohm DCR Sensing
- Test environment for the positioning elements of wearable devices
- Automotive Circuit Protection using Littelfuse Automotive TVS Diodes
- Top 5 Challenges for testing Today's Consumer Electronics
InterviewGlobalfoundries' CEO on why FD-SOI and why now
With its latest news Globalfoundries Inc. has not only confirmed itself as a supporter of the fully-depleted silicon-on-insulator (FD-SOI) approach to IC manufacturing but that it also thinks sufficiently ...
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, Novelda is giving away two full XeThru Inspiration kits worth 1499 US Dollars each, for EETimes Europe's readers to experiment first hand with its XeThru technology.Based on the use of radio waves, rather than infrared, ultrasound or light, the company's X2M1000 Inspiration modules can detect presence just from the chest movement while breathing, and measure both the rate and... 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.