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Smart Kitchen Appliances Market To Reach US$ 3.21 Bn By 2022

According to a new market research report published by Credence Research 鈥淪mart Kitchen Appliances Market聽(Smart Refrigerators, Smart Dishwashers, Smart Ovens and Others (Kettles, Smart Cooktops, Scales etc.) – Growth, Share nike air max scontate , Opportunities, Competitive Analysis, and Forecast 2015 – 2022鈥?the global smart kitchen appliances market was valued at US$ 526.9 Mn in 2014 and is estimated to expand with a CAGR of 23.4% from 2015 to 2022.

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Market Insights

Smart kitchen appliances are the subset of the overall smart appliances industry. These are premium kitchen appliances designed for optimum efficiency and high performance. Smart kitchen appliances are equipped with different sensing devices and remote connectivity. Thus, these devices can also be operated from remote location using smartphones. Users鈥?smartphones are installed with the relative application so as to enable the appliance and smartphone communication.

The most significant factor fueling the smart kitchen appliances market growth is the increasing advancements in the home appliances sector. With growing sensor technology, more intelligent and energy efficient appliances are flourishing in the market. Thus, the smart kitchen appliances is a highly technology driven market. Apart from advancing technology scarpe nike ingrossi , the market is also complemented by the growing smart grids market. Smart kitchen appliances is among the most important components of the smart grid ecosystem since it enables two-way communication.

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Another major factor fueling the market growth is the rising discretionary income of the consumers worldwide. Due to availability of the high-tech appliances coupled with increased discretionary income, consumers are now increasing shifting towards high-end appliances. Thus, the market is expected to witness strong growth especially in regions having high discretionary income of the people.

Competitive Insights:

The global smart kitchen appliances market is largely technology driven. Thus, the market is highly competitive in nature. Major players operating in the market include Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. nike air max ingrosso , Ltd., LG Electronics, Inc. and others. These players compete on the basis of new product development incorporating more advanced features. Thus, companies having larger and sophisticated product line gain a competitive advantage over other players in the market. Further, the market comprises large number of regional players competing to develop innovative products. Consequently, global players face significant competition from the regional players across the globe.

Key Trends:

Development of more sophisticated connected smart appliances Expansion through partnerships ingrosso nike italia , joint ventures and acquisition Targeting emerging and promising market such as India and China having huge consumer base Providing a complete product line of smart appliances

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About Us:

Credence Research聽is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we鈥檝e manufactured a firm extraordinarily prepared to this task.

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DAMASCUS, Nov. 7 (Xinhua) -- Syria is mapping out several ambitious projects of lavish tourist resorts in a bid to revive the country's tourism amid the ongoing crisis Nike Air Max 90 Bianche Scontate , Minister of Tourism Besher Yazji said on Thursday.

Yazji made the remark while meeting with Chinese ambassador Zhang Xun on cooperation between the two countries' tourism industries.

During the meeting, Yazji proposed some training program for Syrians, and invited potential investments from China to help develop tourist resorts.

According to the Ministry of Tourism, Syria is planning to develop a raft of resorts in the coastal province of Latakia and one resort near the Palmyra ruins.

The projects, including five-star hotels, golf courses Nike Air Max 90 Blu Scontate , and yacht clubs, cost up to nearly 5 billion Syrian pounds, or 34 million U.S. dollars, clearly targeting the high-end tourism market.

Yazji said the chosen locations are safe and are well protected by the government military.

For his part, Zhang said that China is looking forward to cooperating with Syria in all sectors, including tourism Nike Air Max 90 Donne Scontate , to promote the friendship and mutual understanding of the two peoples.

However, the most important issue at present is to find a political solution to solve the Syrian crisis, Zhang added.

As the cradle of many ancient civilizations, Syria has abundant tourist attractions, including six world heritage sites.

However, many of the attractions have been destroyed or are facing grave threats in the long-standing civil conflict Nike Air Max 90 Essential Scontate , and UNESCO has listed all six of Syria's world heritage sites as endangered in June.

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