Research body TechNavio forecasts that the global smart washing machine market to grow at a compound annual growth rate of 12.66% over the period 2013-2018.
The company says that one of the key factors contributing to this market growth is the increasing need for energy-efficient washing machines.
The smart washing machine market has also been witnessing the rapid commercialisation of smart washing machines. However, the high cost of smart washing machines could pose a challenge to the growth of this market along with convincing people that there is an actual need to have such facilities on their next washing machine.
Recent concerns in the media over the security of such products as well as the control that may be gained by power companies have already given rise to critisism of appliances such as washing machines and fridge freezers being connected to the Internet.
TechNavio’s report, the Global Smart Washing Machine Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, the APAC region, Europe, Central and South America, and the MEA region.
The Internet Of Things
Connected appliances, such as smart washing machiens, fridge freezers and so on are a part of a wave of new connected devices that are known as “The Internet Of Things” which is explained well in the video below.
{source}
<iframe width=”560″ height=”315″ src=”//www.youtube.com/embed/LVlT4sX6uVs?rel=0″ frameborder=”0″ allowfullscreen></iframe>
{/source}