NewEnergyNews: SMART MONEY MOVING TO SMART APPLIANCES

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    Friday, September 28, 2012

    SMART MONEY MOVING TO SMART APPLIANCES

    Smart Appliances; Intelligent Control, Power Management, and Networking Technologies for Household Appliances on the Smart Grid: Global Market Analysis and Forecasts

    3Q 2012 (Pike Research/Navigant)

    “…[D]espite significant improvements in energy efficiency across the household appliance industry, energy consumption is on the rise. Manufacturers of appliances, particularly major appliances, see this as an opportunity to bring additional value by connecting appliances to the grid, thus enabling them to react to price and demand response signals…

    “…As smart grid initiatives around the world aim at improving load management, increasing reliability, and raising consumer awareness, smart appliances have a significant role to play in realizing this vision as they provide the all-important link to large residential energy loads.”

    “…[S]mart appliance market availability and types of products [are limited] at the present time, and will likely remain so for the next 2 to 3 years…[but] intelligent power management technologies will start to make their way into mainstream appliances in greater numbers after 2015…

    “…Continuing investment in smart grid initiatives, declining selling prices, and clearer value propositions will make smart appliances more appealing for end users in the coming years. Pike Research expects worldwide smart appliance sales to reach nearly $35 billion by 2020.”

    1 Comments:

    At 1:01 AM, Anonymous Market Analysis said...

    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.

     

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