Megatrends
The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn MoreEuromonitor 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.
For further information, please contact Roshni Wani Thapa, Economies and Consumers Analyst; roshni.thapa@euromonitor.com and connect with her on LinkedIn.