Global Smart Washing Machines Market Forecast 2023-2032: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Smart Washing Machines Global Market Report 2023, the global market is set to increase from $15.93 billion in 2022 to $17.06 billion in 2023, with a 7.1% CAGR. Expected growth is a 6.9% CAGR, reaching $22.26 billion by 2027.
Asia-Pacific was the largest region in the smart washing machines market in 2022. Western Europe was the second-largest region in the global smart washing machines market analysis.
Smart Washing Machines Market Driver
The smart washing machines market will thrive as energy-efficient models gain importance. Manufacturers focus on reducing carbon footprint and enabling energy savings. Stringent government regulations and technological advancements drive energy-efficient washing machines. Global energy demand is projected to rise by 37% by 2035, making energy-efficient appliances crucial. Currently, 80+ countries have standards for such machines. Consequently, smart washing machines will fuel market growth.
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Key Smart Washing Machines Market Segments
The global smart washing machines market is segmented –
1) By Type: Top Load, Front Load
2) By Application: Residential, Commercial
3) By Connectivity: Wi-Fi, Bluetooth, Near-Field-Communication (NFC), Other Connectivities
Smart Washing Machines Market Prominent Players
Major players in the smart washing machines market are General Electric Co., LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corp., Robert Bosch GmbH, Haier Consumer Electronics Group Co. Ltd., Panasonic Corp., Siemens AG, AB Electrolux, and Whirlpool.
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Prominent Smart Washing Machines Market Trend
AI is set to trend in the smart washing machine market, simulating human intelligence in machines. LG’s new LG Think and Samsung’s Grande AI washer and dryer exemplify this trend by using AI to analyze wash loads and suggest settings, streamlining laundry. AI-equipped smart washing machines promise simplified laundry routines.
The Smart Washing Machines Global Market Report 2023 provides comprehensive insights on the smart washing machines market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the smart washing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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