Smart Washing Machine Market Seeking Excellent Growth | Americair, Blueair, Dyson
A smart washing machine is defined as the machine which helps the user to control the washing process remotely. The various benefit of using a smart connected machine such as using less energy and water, saving time, easy to use & operates and other benefits. It is widely used in the residential industry, due to enhanced energy efficiency, a higher value for money as compared to laundry washing and prefect laundry washing capabilities for the most residential user. In June 2019, according to an article by the India Brand Equity Foundation, in India, the real estate sector is anticipated to reach a market size of more than USD 1 trillion by 2030 from USD 120 billion in 2017 and contribute more than 13% of the country’s gross domestic product by 2025. Hence, rising number of a residential building such as India & China and increasing awareness regarding the benefit of the smart machine are likely to be a major driver for the global smart washing machine breakers market over the forecast period.
Key Players in This Report Include:
Samsung Group (South Korea), LG Electronics Inc. (South Korea), Americair Corporation (Canada), Blueair (Sweden), COWAYCO. LTD. (South Korea), Dyson (Singapore), Honeywell International Inc. (United States), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (United States), Robert Bosch GmbH (Germany), Techtronic Industries (United States), Panasonic Corporation (Japan), GE Appliances (United States)
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According to HTF Market Intelligence, the Global Smart Washing Machine market to witness a CAGR of 16.5% during forecast period of 2023-2029. The market is segmented by Application (Residential, Commercial) by Type (Top Load, Front Load) by By Capacity (6.5kg or less, 7kg - 7.5kg, 8kg - 8.5kg, 9kg - 9.5kg, 10kg - 12kg, 18kg or more) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Market Trends:
· One of the Latest Trend is Fully Automatic Washing Machines Are Gaining Market Attraction and Rapid Technological Advancements to Make Product More User-Friendly
Market Drivers:
· Increasing usage of Wireless Connecting Devices and the Internet of Things in Smart Washing Products
· Growing Disposable Income of People and Rise in Efficiency of Smart Connected Washing Machine Products
· Growing Number of Working Women and Increasing Purchasing Capabilities owing to High Disposable Income among Middle-Class Families
Market Opportunities:
· Rising Investments by Various Manufacturers to Increase Efficiency of Smart Washing Machine Product
· Rising Demand from Emerging Economics Market Such as China, India, Brazil, Among Others
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Major Highlights of the Smart Washing Machine Market report released by HTF MI
Market Breakdown by Applications: Residential, Commercial
Market Breakdown by Types: Top Load, Front Load
Global Smart Washing Machine market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
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Objectives of the Report
· -To carefully analyze and forecast the size of the Smart Washing Machine market by value and volume.
· -To estimate the market shares of major segments of the Smart Washing Machine market.
· -To showcase the development of the Smart Washing Machine market in different parts of the world.
· -To analyze and study micro-markets in terms of their contributions to the Smart Washing Machine market, their prospects, and individual growth trends.
· -To offer precise and useful details about factors affecting the growth of the Smart Washing Machine market.
· -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Smart Washing Machine market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Points Covered in Table of Content of Global Smart Washing Machine Market:
Chapter 01 – Smart Washing Machine Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Smart Washing Machine Market – Pricing Analysis
Chapter 05 – Global Smart Washing Machine Market Background
Chapter 06 — Global Smart Washing Machine Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Smart Washing Machine Market
Chapter 08 – Global Smart Washing Machine Market Structure Analysis
Chapter 09 – Global Smart Washing Machine Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Smart Washing Machine Market Research Methodology
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