“Samsung and LG Electronics (066570:KS) aim to parlay their leadership in products such as cell phones, TVs, and personal computers into development of household items that can be remotely turned on and off, connect with repair staff, display recipes, or play music. The market for these connected appliances may expand to $6.2 billion by 2015, up from $40 million last year, according to Pike Research in Boulder, Colo. "The next year or two will determine which company leads," says Mark Ishac, a managing director at Zpryme Research & Consulting in Austin, Tex. "Samsung could take share from the more traditional companies. They could certainly make waves."
Whirlpool has 41.5 percent of U.S. appliance sales, while Samsung holds less than 1 percent of the market and LG has 8.7 percent, according to researcher IBISWorld in Santa Monica, Calif. It and peers including Electrolux (ELUXY) and General Electric (GE) are also developing connected appliances.”
Photo of Samsung’s planned refrigerator which features a Wi-Fi-enabled, 8-inch, liquid crystal display screen that provides access to a series of applications such as recipes, weather information, and a calendar.