Sometimes you are relaxing and you wish to change the thermostat unescorted by getting up. You have been hurrying out the front door and become aware that you forgot to lock the door behind you. There are many tasks in our daily life we want to do without getting up. Now, with the use of smart home appliances by using IoT platforms you can lock your front door remotely and turn up the heat without ever leaving your bed. While these ideas once were noticed as science fiction, they are rapidly escalating to smart household appliances across the world.
These examples hardly mark the surface of what IoT is capable of, but smart household appliances are between the most popular and predominant IoT products presently on the market. Hence by using IoT technology, you can convert your home in “Smart Home”. Then you can call any device that is proficient of doing something autonomously. By taking a look at these smart household accessories, we can better recognize the growing global shift toward connected devices. So there is a huge area of opportunity for IoT developers in the smart household appliances market in the upcoming years because worldwide connected devices are expected to raise triple in number.
Smart innovation in teams of technology, performance, features and design, increased adoption of cloud platform and smart devices, rise in the awareness of fitness and healthy lifestyles are key drivers of the smart household appliances among the others. Also Blockchain technology, partnership with other companies and the benefits of smart household appliances, increase in the need for energy- saving, existence of market players focusing on expanding their smart home product portfolios and reduction in cost of connected devices are the major factors driving the growth of smart household appliances.
Smart appliances provide ease and accessibility. Smart household appliances technology allows appliances to work with the least amount of energy needed. They provide energy efficiency, savings, and overall better quality of life. Also, engineers have been trying to improve the efficiency of these devices. The popular smart household devices have come in the market are controllers and hubs, home security, smart cameras, kitchen appliances, heating and cooling devices, lighting and many more. Flash onward to 2018, where smart home devices like Alexa are becoming a booming industry.
Total global spending on IoT devices and smart household appliances across all environments including work and the home was an estimated $737 billion in 2016 and is projected to reach up to $1.4 trillion by 2021. According to research, the IoT is projected to have an economic influence of somewhere among $4 to $11 trillion on the global economy by 2025, this is attributed by the sectors like manufacturing, health, retail, and the smart home.
As we have seen in this article, smart household appliances and IoT have come a long way from their humble beginnings with automated toasters and coffee machines. Nowadays, we are starting to see their full potential as well as a peak in the smart household market into the coming holds. For those of us elaborate on driving technological development, this should be encouraging and give us suspension to reflect on if we are launching the right best practices.
Moving frontward, IoT and wearables are sure to become as abundant as mobile devices are to us today. Also, integration of IoT with artificial intelligence and machine learning is expected to powering the growth of smart household appliances worldwide. The final notion we will leave you with is how are you going to support drive this technology onward and in the right direction? If we think about these things now, it will soon be too late to make the changes we need to. Gratefully, we are on the right course.