Navigant Research Report Shows the Smart Appliances Market is Finally Poised for Growth

With the right strategy, smart appliances stakeholders can
capitalize on increasing interest in the smart home Internet of Things
market

BOULDER, Colo.–(BUSINESS WIRE)–#Appliances–A new report from Navigant
Research looks at the shift in the smart appliances market as a
subset of the smart home Internet of Things (IoT) trend, examining
factors behind the market growth cycle and providing recommendations to
key stakeholders.

While a variety of smart home products like smart thermostats, connected
lighting, and smart locks are experiencing a wave of adoption, smart
appliances haven’t found the same success. Consumers have mostly avoided
smart appliances due to higher price points and a lack of perceived
value, but this is starting to change. Click
to tweet: According to a new report from @NavigantRSRCH,
the smart appliances market is finally poised for growth.

“The growing smart home IoT market is helping drive new interest in the
typically sluggish smart appliances subsegment,” says Neil Strother,
principal research analyst with Navigant Research. “The smart appliance
market segment is now ready for a healthy growth spurt over the next
decade as appliance manufacturers, retailers, and utilities embrace
smart appliances, and then convince buyers of the benefits that include
enhanced energy efficiency, improved maintenance capabilities, and
greater convenience through connectivity.”

According to the report, with proper focus by industry stakeholders,
smart appliances could become a much more robust market segment that
benefits both buyers and sellers. Stakeholders should be able to ride
the IoT smart home wave, executing on key strategies outlined in the
report.

The report, Smart
Appliances Expand Smart Home IoT Opportunity for Energy Customers,
analyzes the shift in the smart appliances market as a subset of the
smart home IoT trend and what this shift means for the many
stakeholders, which include manufacturers, retailers, utilities, home
builders, regulators, and insurers. The study examines the market growth
cycle in different regions, as well as the drivers and barriers related
to smart appliances. It also provides recommendations on how the key
stakeholders can spur smart appliance adoption around the world. An
Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about 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
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Smart Appliances Expand Smart Home IoT Opportunity for
Energy Customers, is a summary and reflects Navigant 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 Navigant Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]