The US Connected Home Appliance Market to grow at a CAGR of 39.47% during Forecast period 2016-2020

Albany, NY, Jan 18: Smart home appliances allow users to monitor and control household activities from a remote location. These appliances allow for a convenient lifestyle and enhance the quality of life. They conserve energy and, therefore, help reduce electricity bills.

Connected home appliance companies are focusing on the untapped consumer segments to boost market revenue. The market is expected to witness rapid growth in the forecast period due to the increased awareness of connected devices.

The connected home appliance market in the US to grow at a CAGR of 39.47% during the period 2016-2020. The report covers the present scenario and the growth prospects of the connected home appliance market in the US 2016-2020. To calculate the market size, the report considers the revenue generated from the connected services provided by telecom operators, Internet service providers, managed service providers, and equipment providers for smart appliances.

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Key vendors
- ARRIS
- AT&T
- Comcast
- Honeywell
- Samsung

Other prominent vendors
- Bosch
- Control4
- Dacor
- Electrolux
- Frigidaire
- GE
- Haier
- iControl Networks
- Ingersoll-Rand
- LG
- Panasonic
- Sprint
- Thermador
- Vivint
- Whirlpool

Market driver
- High availability of home broadband connectivity
- For a full, detailed list, view our report

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

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Key questions answered in this report
- 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?

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This release was published on openPR.