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.
SAN ANTONIO—The U.S. Department of Energy has awarded a three-year, $5.25 million contract to the Southwest Research Institute to develop connected and automated vehicle technologies to help reduce energy consumption and carbon emissions.
A decade or so from now, you may find yourself traveling along an interstate in a caravan. Your automobile is separated by just a few inches from the vehicle in front of you and the one behind as you speed along at 150 miles per hour.
LOUISVILLE, KY—GE Appliances recently announced that it is the first manufacturer to offer full suites of connected appliances that work directly with the virtual Google Assistant, which is powered by artificial intelligence. This capability helps consumers more easily build and operate a Smart home.
PARIS—The global manufacturing industry could see between $519 billion and $685 billion in value-added revenue by 2020 through smart, connected devices, per a new report by Capgemini’s Digital Transformation Institute. The report, Digital Engineering: The New Growth Engine for Discrete Manufacturers, says that while the potential returns are significant, manufacturers need to invest in digital continuity and digital capabilities to benefit.
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).