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Connected appliances

Euromonitor reports, that out of all the countries in the world, six markets – the US, South Korea, Japan, China, the United Arab Emirates and Saudi Arabia – are highlighted as particular growth areas for connected appliances.

Connected appliances not only offer consumers convenience, environmentally-friendly features and cost savings, but also have significant cross-industry effects for manufacturers and retailers in home care, insurance and other industries. For example, detergent manufacturers and retailers will be able to purchase the usage data of connected washing machines to improve the product mix and supply services of detergents. Healthcare insurance companies can get connected fridge freezer users’ consumption data to adjust insurance premiums.

From the category growth opportunities perspective, the categories with major potential for connected appliances, including split air conditioners, automatic washing machines and robotic vacuum cleaners, based on cases of usage.

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Length of the part 11.08