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
Teardown: ADI provides force touch controller in iPhone
October 07, 2015
Analog Devices is the provider of the controller IC for the force touch display that is one of the additional features provided ...
Teardown: Knowles wins microphone slots in iPhone 6S
Two-Wheelers will get connected, too
Searchable 4K mobile imaging soon a commodity
Virtual reality: a real driver for GPUs, says ARM
Lossy Adesto preps IPO
October 06, 2015
Fabless nonvolatile memory company Adesto Technologies Corp. (Sunnyvale, Calif.) has plans to raise up to $56.6 million via ...
u-blox and Cohda Wireless partner on V2X
Elon Musk targets high-volume solar panel dominance
Volvo shows user interface for self-driving cars
- Determine Balancing Current for the LTC3305 Lead-Acid Battery Balancer
- 3 Ways to Simplify Medical Device Testing
- Thread Networking Protocol Simplifies Connecting “Things” in the Home and Beyond
- High Voltage CMOS Amplifier Enables High Impedance Sensing with a Single IC
InterviewMEMS platforms are way to go, says Bosch's Finkbeiner
In the two years since we last interviewed Stefan Finkbeiner, CEO of Bosch Sensortec, the company has taken over from STMicroelectronics as the leading global supplier of MEMS components. Here he explains ...
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, LabNation is giving away three of its SmartScope open source USB oscilloscopes, worth 229 Euros each, for EETimes Europe's readers to win.
Successfully funded through Kickstarter last year, the SmartScope is claimed to be the world's first test equipment designed to run on multiple operating systems and platforms such as smartphones, tablets and PCs. It is powered directly from... 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.