Items Tagged with 'smart appliances'

NEW YORK—Global sales of smart kitchen appliances are expected to reach $43 billion in 2027, growing at a compound annual rate of 19 percent over the next four years, according to a new report from market research firm Business Research Co.

Household refrigerators and freezers market share to reach $78.22 billion by 2025, according to a new research report by Global Market Insights, Inc. Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years.

For the last 100 years, dryers, ovens, refrigerators, washing machines and other household appliances have performed the same basic functions, such as keeping food hot or cold and getting clothes wet and dry. But, a new breed of “smart” appliances is emerging, thanks to advanced sensor technology and the Internet of Things (IoT).