The smart home appliance market, defined by products with built-in connectivity, will witness substantial growth over the next five years, reaching nearly US$25 billion by 2018.
The smart home appliance market, defined by products with built-in connectivity, will witness substantial growth over the next five years, reaching nearly US$25 billion by 2018. Currently limited to the top-end luxury models, wireless connectivity will slowly permeate to lower-tier brands and models.
"Smart home appliances have yet to incorporate features that add significant value for their premium price. The true value of these smart grid ready devices, such as use in demand-response energy management programs, is several years away and initially will be primarily US-based” commented Senior analyst Adarsh Krishnan.
These findings are part of ABI Research's smart home service, which examines the market for home automation, monitoring and control technologies in applications such as home energy, environment, security and entertainment control.