Appliances and Electronic Equipment
Smart appliances are forecast to reach a 5% penetration of the overall global appliance market by 2020 and as much as 18% penetration in the United States.
The energy efficiency of residential appliances and home consumer electronics is rising due to regulations, standards, and consumer preference informed by energy ratings such as the U.S. ENERGY STAR program. Advanced energy technologies are involved in many of these improvements, but the data presented here focuses only on smart appliances leveraging intelligent power management technology to drive better energy use, including potential interaction with the electricity grid – a high bar. This market segment is nascent, estimated to make up less than 1% of the total household appliance market, with 2011 global revenue of only $266 million. The U.S. market is slightly less than half of the global total ($105 million), substantial in global terms. Smart appliances are forecast to reach a 5% penetration of the overall global appliance market by 2020 and as much as 18% penetration in the United States. This would represent a 2012–2020 compound annual growth rate exceeding 65%, both in the United States and worldwide.
gross domestic product
The Appliances and Electric Equipment subsegment contributed $73 million in increased U.S. GDP in 2011.
Advanced Energy Companies
- Building Design
- Building Envelope
- Heating, Ventilation, and Air Conditioning
- District Energy, Combined Heat and Power
- Water Heating
- Appliances and Electronic Equipment
- Enabling Information Technology
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