Press release
Connected Home Appliance Market In The US to grow at a CAGR of 39.47% during 2016-2020
About Connected Home AppliancesSmart 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.
Technavios analysts forecast the connected home appliance market in the US to grow at a CAGR of 39.47% during the period 2016-2020.
Covered in this report
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
Market trend
Increased adoption of cloud-based technologies
For a full, detailed list, view our report
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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