Wi Fi Enabled Appliances Set To Boost Sales, OZ A Leader Claims Research Group

Written by David Richards     12/11/2013 | 08:18 | Category: INDUSTRY

The appliance market is set to get a big boost with several vendors set to show new Wi Fi enabled devices at the 2014 CES show in Las Vegas, among the Countries that are tipped to be early adopters is Australia.

Wi Fi Enabled Appliances Set To Boost Sales, OZ A Leader Claims Research Group

ABI Research claims that appliance vendors along with networking Companies are set to witness substantial growth over the next five years with global sales from Wi Fi enabled appliance devices reaching nearly US$25 billion by 2018.

Currently limited to the top-end luxury models, wireless connectivity will slowly permeate to lower tier vendors and models, according to ABI Research.

Click to enlarge

ABI Research senior analyst Adarsh Krishnan said, "Smart home appliances have yet to incorporate features that add significant value for their premium price. Smart home appliance features are at present limited to remote access through mobile devices. 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."

The research group said that Australia will be one of the Countries that drive growth in the APAC region for smart home appliances at a five year CAGR of 92%.

North America remains the most lucrative market which has seen the fastest growth in the uptake of smart appliances.

Wi-Fi is preferred by appliance manufacturers for wireless connectivity which will see over 21 million Wi-Fi enabled appliances shipped worldwide in 2018, the firm said. High penetration of Wi-Fi networks in residential households and its ability to easily add devices to the home area network without additional bridges or controllers are seen as a key advantage. However, partly due to Wi-Fi's higher energy consumption, other connectivity technologies such as ZigBee, Z-Wave, and Bluetooth will slowly gain share of the smart appliance market, noted ABI Research.

Breaking News

  • Microsoft's Revenues Neutered By Nokia

    Microsoft's Revenues Neutered By Nokia
    Microsoft has taken a massive US $700M hit on operating profits due in part to its $7B acquisition of Nokia, this may explain why Microsoft will soon sack 18,000 staff.

  • Dolby Atmos Now In Denon Products

    Dolby Atmos Now In Denon Products
    Denon has launched two new X Series Network AV Receivers enhanced with Dolby Atmos for the ultimate cinema-quality sound in your own home theatre.

  • Can High-Res Audio Reboot Sony Walkman Sales?

    Can High-Res Audio Reboot Sony Walkman Sales?
    It's 2014 and Sony has bought the Walkman back this time as a 24Bit High Res Audio Player but the big question is this the "killer" portable play for High Res Audio going forward.