According to IMARC Group’s latest research report, titled “Smart Connected Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” presents a comprehensive analysis of the industry, covering smart connected washing machine market share, opportunity, share, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
How big is the Smart Connected Washing Machine Market?
The global smart connected washing machine market size reached US$ 7.28 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.38 Billion by 2028, exhibiting a growth rate (CAGR) of 17.20% during 2023-2028.
What are Smart Connected Washing Machines?
A smart connected washing machine refers to an advanced household appliance that combines the functionality of a traditional washing machine with the power of internet connectivity and smart technology. It is intended to improve the washing process in terms of convenience, effectiveness, and interaction. These washing machines may be linked to the internet through built-in Wi-Fi or other wireless connectivity options, allowing customers to operate and monitor their washers remotely using a smartphone app or other smart devices. Users can start a load of laundry while they’re at work and have it ready to dry when they return home, saving time and ensuring that their laundry is never left sitting wet in the machine.
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What are the Growth Prospects and Trends in the Smart Connected Washing Machine Market?
The growing environmental consciousness among consumers majorly drives the global market. With a desire to minimize water and energy consumption, more and more individuals are embracing smart connected washing machines, impacting the market. Along with this, the onset of the COVID-19 pandemic has also heightened the awareness of hygiene, leading to increased adoption of these machines is positively influencing the market. In addition, the widespread adoption of smart connected washing machines due to their features, such as the ability to remotely start or stop the machine, receive alerts when the laundry is completed, and monitor the progress of the washing cycle, is contributing to the market. Furthermore, the integration of smart connected washing machines with other devices in the home is creating a positive market outlook.
Who are the key Players Operating in the Industry?
- BSH Home Appliances Group (BSH Hausgeräte GmbH)
- Haier Group Corporation
- LG Electronics Inc.
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd.
- Whirlpool Corporation
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Product Insights:
- Top Load
- Front Load
End User Insights:
- Commercial
- Residential
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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