Smart Home will grow by 23%

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iotAccording to the “Global Smart Appliances Market” report, realized by Sandler Research, the sector will grow at a CAGR of 23.48% during the period 2016-2020. Among the most interesting developments in the future there could be the use of wireless technologies like Wi-Fi, Bluetooth, and ZigBee in home appliances. As the report underlines the global smart appliances market is characterized by the presence of several large and small vendors so that competition is likely to increase in tandem with investments in R&D. Electrolux, Haier, LG, Samsung, and Whirlpool are the main players but other prominent vendors are entering the market such as Dacor, Friedrich, Fujitsu General, Midea, Mitsubishi Electric, Panasonic, Robert Bosch, Videocon, and Voltas.