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Smart Home Appliances Market - Insights Industry Outlook, Growth Prospects and Key Opportunities

03-01-2018 02:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Smart home appliances are the class of next-generation connected equipment that are designed to be controlled with the help of commands from a central system or communicate with other appliances in a network and make certain decisions for the owner. The concept of connected devices, which allow the user to manage everyday home appliances, such as ovens, refrigerators, stoves, air conditioners, vacuum cleaners, washing machines, etc. from any corner of the house, with the use of a mobile computing device, a simple app, and some kind of network that connects the user with the devices, is highly fascinating.

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The global market for smart home appliances is driven by factors such as the rising adoption of mobile devices and technologically advanced products worldwide; the expanding network of high-speed Internet; the energy-efficient nature of smart home appliances; technological advancements in the fields of connectivity mediums, sensors, microchips, and hardware products; and the declining prices of connectivity modules.

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As the tech-savvy and connected consumer of the present day becomes more receptive to connected technologies and the new functionalities that the technology is bringing, device manufacturers are also increasingly shifting their focus to the smart appliances segment.

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Though the prices of these products are currently higher than traditional “nonsmart” appliances, the market will soon feature economic products as more device manufactures challenge themselves to include connectivity features in their appliances.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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