According to the latest 2011 Appliance Industry Forecast report issued last week, future appliances will be smarter and greener. This report is structured to provide professionals working in or servicing the appliance industry insight with an understanding or the short-term and long-term impact of the economic recession, market challenges and opportunities, as well as valuable consumer buying trends.
Snapshots from the report:
• Samsung Electronics is betting on smart appliance technology in its bid to become the biggest global producer of refrigerators by next year.
• LG Electronics plans to leverage its extensive library of consumer electronics technology currently used in its cell phone and PC business to make its major appliances SmartGrid compatible.
• Haier Group plans to bring its Smart Life connected-appliance technology, already marketed in China, to the U.S. Smart Life-integrated refrigerators, air-conditioners, and wine cellars use the Internet, mobile communication, and fixed phone networks to let users control home appliances remotely.
• Whirlpool Corp. said it will remain focused on getting the highest return on every unit, introducing higher-margin appliances while achieving better efficiencies through the addition of green technologies, and to promote growth in emerging markets.
• Electrolux also is focusing much of its developmental efforts on the growing, high-margin built-in appliance segment, and in making its appliances more energy and water efficient.