Home, Kitchen and Large Appliances

Format: 2017-02-22
Format: 2017-02-22
February 09, 2017 | 72 Pages | SKU: IRTNTR11905

Overview of the global ice maker market

Market research analysts at Technavio predict that the global ice maker market will grow steadily during the next four years and post a CAGR of more than 8% by 2021. This market research analysis identifies the increasing demand for ice makers in the healthcare industry as one of the primary growth factors for this market. The healthcare industry increasingly uses ice maker machines for various critical applications such as storing organs and for rehabilitation procedures. Additionally, a number of biochemistry, microbiology, biotechnology, and genetic engineering laboratories also have a constant need for ice to store biological samples and warrant transportation to other facilities. Moreover, the rising popularity cryotherapy that is mainly used in the treatment and healing of various sports injuries, will also increases the demand for ice for ice bath and massage, in turn, fueling the demand for ice making machines.

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the predicted period. The increasing demand for commercial ice makers in the foodservice and healthcare industries and the rise in adoption of innovative technologies by the ice maker manufacturers will be the major factors boosting the growth of the market in this region.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of ice making machine manufacturers. Since all vendors focus on increasing their revenue shares, the market’s competitive environment is intense. Energy efficiency, innovative


February 06, 2017 | 70 Pages | SKU: IRTNTR11849

Overview of the global smart room heater market

The global smart room heater market is anticipated to grow rapidly and will post a CAGR of more than 25% during the forecast period. The development of innovative features and user interfaces will drive the growth prospects for the global smart room heater market until the end of 2021. Since these innovative features of products support Wi-Fi and 3G or 4G connectivity, they can be easily controlled remotely by using mobile apps. As a result, customers can program daily schedules for the heater's functioning that can be maintained throughout the day. Also, one of the major factors responsible for the growing preference for smart room heaters is its ability to reduce energy consumption by detecting the presence or absence of people in the room and switching it on or off accordingly.

With the growing number of room heater manufacturers partnering with IT technology vendors, the global smart room heater market is anticipated to grow during the forecasted period. One of the major factors contributing to the growing number of partnerships is the development of wireless smart room heaters that are more suitable for current multi-storied residential buildings. Also, since wired systems require more maintenance than the wireless automation systems, the demand for wireless smart room heaters is growing in the market.

Competitive landscape and key vendors

The global smart room heaters market has a limited number of players and is moderately competitive. Also, these vendors are increasingly competing against each other


January 30, 2017 | 70 Pages | SKU: IRTNTR11756

Overview of the global solar water heater market

The global solar water heater market is anticipated to grow at a steady rate and post a CAGR of close to 7% during the forecast period. The increasing number of innovations and advancements in terms of technology and durability will drive the growth prospects for the global solar water heater market until the end of 2021. This led to the development of next-generation solar water heaters, revolutionizing the market’s demand. The heat pipe technology used in these solar water heaters possess thermo-physical properties that transfers heat at a much higher rate in comparison with the conventional heat pipes in regular solar water heaters. Also, it has been observed that the manufacturers are increasingly encouraged to develop next-generation solar water heaters because of the increasing demand for high-quality solar water heaters, minimum energy requirements, and less installation space. Furthermore, these heaters are also used in food factories, shopping malls, clinics, and hotels for producing large volumes of hot water because they can withstand extreme weather conditions such as heavy rain and the wind.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market’s growth in the region is the increasing number of solar water heater installations in countries such as China and India.

Competitive landscape and key vendors

The global solar water heater market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Also, new vendors


December 09, 2016 | 77 Pages | SKU: IRTNTR11073

Global outlook of the electric hand dryers market

Technavio’s market research analysts predict the global electric hand dryers market to grow steadily during the forecast period and post a CAGR of more than 13% by 2021. This industry research report identifies benefits such as low cost of ownership and the demand for sophistication to be some of the major factors that will have a positive impact on the growth of this market in the coming years. Though electric hand dryers cost more than paper towel dispensers, they reduce the long-term costs by eliminating the expenses for paper towels, disposal, and waste maintenance. The automatic hand dryers use heated air, which makes them environment-friendly and are energy-efficient since they shut off when not in use. This will further reduce operational costs, in turn, driving market growth. Furthermore, the increasing focus of various end-users towards the adoption of hands-free soap dispensers, faucets, and even toilet paper dispensers to improve sanitation will also aid in the growth the electric hand dryers market.

This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the market throughout the next four years. The growth of the commercial sector in the region and the increasing focus of the European Union towards the development of a sustainable environment with emphasis on energy efficiency and reducing carbon footprint will bolster the market’s growth prospects in the coming years.

Competitive landscape and key vendors

Characterized by the presence of well-established vendors and other players in various geographical regions across the globe, the market appears to be fragmented and is highly competitive. To meet the constantly changing demands of the


December 05, 2016 | 89 Pages | SKU: IRTNTR11020

Overview of the global kegerators market

Technavio’s market research analyst predicts the global kegerators market to grow at a CAGR of around 5% between 2016 and 2020. As kegerators are developed to dispense and brew draft beer and other beverages, they consume more energy. This has prompted several manufacturers to come up with energy-efficient kegerators to cater to the consumers’ demand across countries. Some of the popular energy-efficient kegerators include Cydea’s Kegco K199B-2P Kegerator Two Keg Beer Cooler - Premium Double-faucet D System Kit, and Heineken’s KRUPS and HEINEKEN B100 BeerTender with Heineken draught keg technology.  Also, several manufacturing companies worldwide are competing against each other to manufacture best-in-class beverage coolers with high energy efficiency. They are developing energy-efficient kegerators that consume less power than conventional beverage dispensers. Keeping in mind the various consumer requirements, kegerator manufacturers have launched products with features like built-in capability, frost-free operation, complete tap kit, reversible door, convertible to a refrigerator, multiple-tap system, digital thermostat, LED lighting, and 100% CFC free. Such multi-feature product offerings will ensure the increasing sales of kegerators and subsequently increase the growth prospects for the market in the coming years.

The kegerators market in APAC is expected to experience annual growth during the forecast period owing to the presence of some of the fastest-growing beer markets such as China and India. Countries like China, Japan, Australia, and South Korea occupy more than four-fifth of the kegerators market in APAC. With the introduction of more


November 09, 2016 | 76 Pages | SKU: IRTNTR10738

Overview of the global inverter technology air conditioner market

Technavio’s market research analyst predicts the global inverter technology air conditioner market to grow at a CAGR of close to 13% between 2016 and 2020.  With increasing awareness of the energy-efficiency properties of inverter technology air conditioners, these appliances have the potential to replace popularly used conventional air conditioners. Inverter technology air conditioner compressors can run at various speeds depending on the load required by the air conditioner. Moreover, these advanced technology-equipped air conditioners offer optimal and precise temperature control and better energy conversion efficiency through its electronic variable speed drive motors. Factors such as low noise, energy efficiency, and superior performance of inverter technology air conditioners will positively aid in increasing the sales of these appliances in the coming years.

The high cost of inverter technology air conditioners has propelled several manufacturers to come up with value-added features such as four-way swing option, virus filters, and stylish design elements to increase their sales. They are distinguishing their products by integrating smart connect features, and smart diagnosis enabled through NFC and Wi-Fi connectivity. For instance, Samsung has introduced its new range of smart air conditioners, which provide high energy savings and cooling experience. The product is equipped with the world's first new 8-pole motor in its digital inverter compressor. Vendors are also announcing characteristics like anti-dust and anti-bacterial filters, multi-seasonal options, auto clean mode, multi-flow condenser, sleep mode, and energy-saver modes in their products.

Competitive landscape and key vendors

The global


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