BOULDER, Colo.–(BUSINESS WIRE–
Smart appliances will likely start to make their way into households in
greater numbers after 2015. Defined as major household appliances that
use intelligent power management technology to help optimize electrical
load on the power distribution grid, these appliances offer consumers
the benefits of reduced energy usage, lower energy costs, lower carbon
emissions, and advanced features such as remote control. To utilities,
they offer increased visibility and peak demand management. According to
a new report from Pike
Research, a part of Navigant's Energy Practice, worldwide sales of
smart appliances will climb rapidly over the remainder of this decade,
reaching just under 45 million units per year in 2020.
"Positive growth around the world in the overall household appliance
market presents opportunities for the smart appliance submarket,
especially with the continuing investment in smart grid initiatives,"
says research director Carol Stimmel. "However, consumers will only be
motivated to move to smart appliances prior to their 10-year average
replacement cycle if the appliances have the right price and enable them
to save on energy costs. Economies of scale, better technical
integration, and the emergence of dynamic pricing are critical elements
to realizing the potential of the smart appliance market."
Several key players in the general appliance market, including Bosch,
Electrolux, GE, Indesit, and Whirlpool, have pilot programs underway. On
the other hand, some manufacturers have taken a wait-and-see approach to
the smart grid. These appliance makers are concerned with the size and
scope of projects relative to the number of meters being installed. With
millions of meters deployed, manufacturers would like to see more
efforts toward understanding consumer responses to smart appliances and
to the overall smart grid. As with many smart grid initiatives,
utilities and service providers are learning that positive customer
engagement is vital to success.
The report's analysis indicates that the highest-volume segments in the
smart appliance market will be clothes dryers, clothes washers,
dishwashers, and refrigerators/freezers. Other smaller market segments,
according to the report, will include water heaters, window air
conditioning units, and ranges/hobs/ovens.
The report, "Smart
Appliances", examines the current state of the global smart
appliance market, including an analysis of barriers and drivers,
enabling technologies, regulatory factors, and key industry players. The
study features detailed market forecasts of smart appliance unit
shipments, revenues, and penetration rates, segmented by appliance
product category and key world regions, through 2020. Key industry
players are also profiled in detail. An Executive Summary of the report
is available for free download on the Pike
Research website.
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NCI is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Smart Appliances," is a summary and reflects Pike
Research's current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report's conclusions and
the methodologies used to create the report. Neither Pike Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
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