Domestic sustainability will be a key part of future home designs. With the work from home trend becoming a permanent part of our lives, our carbon footprint will only increase. Appliance companies are aware of this and have developed innovative solutions to address it. E-waste is also a very near-term issue facing companies. In this report, we highlight six key topics and leading solutions that have been developed to meet these challenges.
This report comes in PPT.
The future will be dominated by resource scarcity and increasing prices. The future home will navigate consumers from a mindset of abundance to one of compromise.
Environmental, social and corporate governance (ESG) has entered the shareholder lexicon and investors are holding CEOs accountable for ESG targets.
Consumers are increasingly leaning towards green brands, in line with the “new consumerism” which sees consumers reassessing their priorities, with conscious consumption increasingly replacing conspicuous consumption.
Sustainability had always been thought of as a business cost. However, CEOs have publicly announced that they now view sustainability as vital to their business and a profitable venture for themselves and consumers.
Traditional sustainable technologies had focused on increasing a product’s energy and water efficiency. However, this has neared the limit of physics. The focus has now shifted to using AI to learn consumer behaviours and reach accordingly.
Prices of commodities such as metals and copper are likely to continue increasing due to competition from more sectors, such as renewable energy. It is likely that appliance companies will need to look at replacement material that not only reduces the amount of material used, but also reduces appliances’ weight.
Repairing an appliance or device has traditionally been impractical due to the cost and availability of spare parts. The right to repair movement seeks to change it and wean consumers off the throwaway culture.
Consumer Appliances is the aggregation of major appliances and small appliances. Major appliances are an aggregate of the following categories: refrigeration appliances, home laundry appliances, dishwashers, large cooking appliances and microwaves. Small appliances are an aggregation of the following categories: food preparation appliances, small cooking appliances, vacuum cleaners, irons, personal care appliances, heating appliances and air treatment appliances.See All of Our Definitions
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