Market Research Logo

Smart Appliances

Smart appliances will play a critical role in the transformation to Smart Grid infrastructure adoption. Smart appliances are products that use electricity and have the ability to receive, interpret, and act on a signal received from a utility and then automatically adjust their operation to save energy or perform other functions. The growth and development of smart appliances represents a substantial component of the residential demand response capabilities of the Smart Grid. Smart appliances are sold as standalone products and marketed as highly energy-efficient machines that operate independently with minimal user maintenance. Despite this sales approach, SBI Energy finds that the growth trend of the global market for smart appliances is dependent upon the successful development of the larger electric Smart Grid.

Although it is not a requirement for smart appliance use, consumers can optimize the benefits of smart appliances by connecting them to a Home Energy Management System (HEMS) that maximizes the use of home electricity and is capable of trimming an estimated 15% off annual electric bills. Utilities, meanwhile, are looking at the much broader picture of Smart Grid infrastructure development and the consumer households that they serve. The utilities say the Holy Grail of the electric future depends on the successful overhaul of the grid, combined with the effective use of HEMS connected to smart appliances and smart meters at the home. Utilities and smart appliance manufacturers together agree that growth also highly depends on the willingness of consumers to adopt appliances and connect them to HEMS.

There are two main reasons why consumers will adopt smart appliances: either to gain an economic benefit from reduced energy costs or for the added conveniences some smart appliances bring to their daily lives. Consumers clearly expect an economic benefit to use smart appliances and are not prepared to change their behavior without the proper incentives from utility companies and appliance manufacturers. This report, “Global Market for Smart Appliances,” examines the market drivers for smart appliance adoption, including unit costs, manufacturing demand, regional and environmental factors, and consumer acceptance.

The global smart appliances market is comprised of sales associated with the following products: washing machines, tumble dryers, freezers, ovens, electric water heaters, air conditioners, refrigerators, and dishwashers. This chapter analyzes the trend in sales between 2006 and 2012 and forecasts revenue potential in the industry through 2021. The market size and forecasts are calculated via a “bottom-up,” approach in which we estimate total production and revenue trends by analyzing the unit cost trend of each product type and then projecting overall sales based on the demand curve by region. Segment forecasts are provided for country by continent as well as individual product categories.


  • Executive Summary
    • Demand Response Fuels Smart Appliance Success
    • The North American Smart Appliance Market
    • Asia Market Trend
    • Market Size
      • Table Global Market Value (in $ millions) of Smart Appliances by Type of Appliance, 2006 to 2011
      • Table Average Global Unit Costs of Smart Appliance Manufacturing by Type of Appliance, 2011 to 2016
    • HEMS Installations Grow
      • Table Estimated Global Annual Percentage Savings on Per Household Electricity Costs With HEMS, Smart Appliances and Combined, 2012, 2016 and 2021.
    • Future Spending
      • Table U.S. Spending (in Millions) by Type of Appliance, 2012, 2016 and 2021
    • Consumer and Government Factors
  • Introduction
    • Scope of This Report
    • Methodology
    • The Need for Smart Appliances
    • Smart Appliances, AMIs and Smart Meters
    • Smart Appliance Enable Demand Response
    • HEMS Defined
    • The Smart Grid Defined
      • The Need for a Smart Grid
    • Home Energy Management Technology
      • In-Home Energy Displays
      • Demand Response and Dynamic Pricing
      • Home Area Networks
      • Types of Smart Appliances
    • Washing Machines
    • Tumble Dryers
    • Smart Dishwasher
    • Ovens
    • Smart Refrigerator
    • Air Conditioners
    • Water Heaters
  • Market Trends
    • Demand Response Fuels Smart Appliance Success
    • Peak Load-Shift Fraction
      • Table Typical Freezer Operating Hours and Costs
    • Europe's Smart Appliance Market
    • Europe Looks to Reap Economic Benefits of Smart Appliances
      • SmartHouse Project
    • The North American Smart Appliance Market
    • Asia Market Trend
  • Market Size
    • Table Global Market Value (in $ millions) of Smart Appliances by Type of Appliance, 2006 to 2011
    • Table Global Market Value (in $ millions) of Smart Appliances by Type of Appliance, 2011 to 2016
    • Table North America Market Value (in $ millions) of Smart Appliance Manufacturing by Region, 2006 to 2012
    • Table Average Global Unit Costs of Smart Appliance Manufacturing by Type of Appliance, 2011 to 2016
    • Table Average Global Unit Costs to Manufacture Smart Appliances by Type of Appliance, 2017 to 2021
    • Table Market Value (in $ millions) of Smart Appliance Manufacturing by Region, 2006 to 2011
    • Table Europe Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2006 to 2011
    • Table Asia Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2006 to 2011
    • Table U.S. Spending (in $ millions) on Smart Appliances by Type of Appliance, 2012, 2016 and 2021
    • Table Europe Spending (in $ millions) on Smart Appliances by Type of Appliance, 2012, 2016 and 2021
    • Table Europe Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2012 to 2016
    • Table Europe Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2017 to 2021
    • Table Asia Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2012 to 2016
    • Table Asia Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2017 to 2021
    • Table Asia Spending (in $ millions) on Smart Appliances by Type of Appliance, 2012, 2016 and 2021
    • Table Market Value (in $ millions) of Smart Appliance Manufacturing by Country, 2006, 2011, 2012, 2016 and 2021
    • HEMS Installations Grow
      • Table Estimated Global Annual Percentage Savings on Per Household Electricity Costs With HEMS, Smart Appliances and Combined, 2012, 2016 and 2021.
    • Future Spending
      • Table U.S. Market Value (in $ millions) of Smart Appliance Manufacturing by Type of Appliance, 2006, 2012, 2016 and 2021
      • Table Korea Market Value (in $ millions) of Smart Appliance Manufacturing by Type of Appliance, 2006, 2012, 2016 and 2021
      • Table Japan Market Value (in $ millions) of Smart Appliance Manufacturing by Type of Appliance, 2006, 2012, 2016 and 2021
      • Table Sweden Market Value (in $ millions) of Smart Appliance Manufacturing by Type of Appliance, 2006, 2012, 2016 and 2021
      • Table U.S. Spending (in Millions) by Type of Appliance, 2012, 2016 and 2021
      • Table Europe Spending (in Millions) by Type of Appliance, 2012, 2016 and 2021
      • Table Asia Spending (in Millions) by Type of Appliance, 2012, 2016 and 2021
      • Table Global Market Size (in $ Millions) of Smart Appliance Manufacturing by Region, 2017 to 2021
  • Company Profiles
    • Table LG Electronics
    • Table Panasonic
    • Table Panasonic Total Sales (in $ billions) and Home Appliance Sales, 2009 to 2011
    • Table Indesit
    • Table Electrolux
    • Table General Electric
    • Table General Electric Sales (in $ billions) by Business Unit, 2009 to 2011
    • Table Whirlpool
    • Table Samsung
    • Table Miele
    • Table Bosch
  • Market Factors
    • Risks and Issues
    • Consumer Perception of HEMS
      • Table European Households Using a Smart Appliance (% of Survey Respondents)
    • Positive Consumer Attitudes
    • Appliances and Security Concerns

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report