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Euromonitor International’s Spain Households Country Briefing focuses on an advanced market, whose households have strong access to prime household utilities and basic facilities. The country offers a unique market for the growth of cost-effective technologies, particularly in terms of the smart home, as crisis-hit consumers look to lower their spend on utilities. Smart thermostats, energy-efficient lighting and affordable security systems all have strong prospects in Spain, if the products can focus on affordability and long-term savings.
Source: Euromonitor International
Demand for energy-efficient appliances on the rise As households try to reduce their energy bills, demand for energy-efficient appliances continues to rise in Spain. Some manufacturers, therefore, have placed emphasis on the energy-efficiency levels of their appliances to gain a competitive advantage. For instance, LG Electronics Espa ñ a launched a savings offer, “Enchufate al Ahorro”, which entailed a reimbursement of € 20.0-100 on the purchase of any LG refrigeration appliance with at least an A+ label.
For detailed analysis on Households Spain, click here.
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