The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The smart washing machines market size has grown rapidly in recent years. It will grow from  $20.21 billion in 2023 to $23.6 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%.  The growth in the historic period can be attributed to rise in disposable income, a rise in merger and acquisition activity, rapid urbanization and strong economic growth in emerging markets. The smart washing machines market size is expected to see rapid growth in the next few years. It will grow to  $39.32 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.  The growth in the forecast period can be attributed to increasing smart homes, adoption of the internet of things (iot), increasing demand for energy efficient products, rapid growth in ecommerce, increasing adoption of 5g networks, increasing adoption of smart appliances and increased internet penetration. Major trends in the forecast period include focus on artificial intelligence (ai)-powered washing machines, focus on wi-fi enabled washing machines, focus on voice-enabled washing machines, focus on product innovations and focus on iot technology.

The smart washing machines market is poised for growth in the forecast period, primarily fueled by the escalating demand for energy-efficient appliances. These innovative washing machines are increasingly designed to minimize energy consumption, aligning with global efforts to reduce carbon footprint and promote energy savings for consumers. The surge in energy-efficient washing machines can be attributed to stringent government regulations on electric home appliances and technological advancements. As per the U.S. Energy Information Administration (EIA), global energy demand is anticipated to rise by 37% by 2035, driven by increased energy needs per household. Notably, smart washing machines, conforming to over 80 countries’ standards and labels for energy efficiency, are set to drive market growth in 2023, 2024, and beyond.

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What Are The Key Trends That Influence Smart Washing Machines Market Share Analysis?

Artificial Intelligence (AI) is anticipated to be a significant trend in the smart washing machine market. AI involves embedding human-like intelligence into machines, enabling them to think and operate similarly to humans. For instance, LG Electronics recently launched the LG Think smart washing machine, which uses AI to analyze laundry loads and recommend optimal wash settings. AI-driven smart washing machines are expected to streamline the laundry process, making it more efficient.

Which Market Players Are Driving Growth In The Smart Washing Machines Market?

Major companies operating in the market are Haier Smart Home Co., Ltd., LG Electronics, Whirlpool Corporation, AB Electrolux, Panasonic Corporation, Samsung Electronics Co Ltd, Arcelik A.S., Xiaomi Corporation, Robert Bosch GmbH, Miele and Cie KG, IFB, Onida, Godrej, BPL, Little Swan, TCL Corporation, Sanyo Electric, Siemens AG, Landuwasco B.V., Hotpoint Ariston, Bsh Hausgeräte Gmbh, Kohlhoff Hygienetechnik Gmbh & Co. Kg, Tps Industriewaschmaschinen- Und Anlagenbau Gmbh, Pulse Monitor, Rusolut Sp. Z O.O, SECTRON, General Electric (GE), Speed Queen, Amana Corporation, Kenmore, Maytag, Miele, Frigidaire, Asko Appliances, Ariston, Brandt Appliance, Crosley Company, Dyson, Fisher and Paykel, Hoover Limited, Magic Chef, H-Buster, Philco, Pioneer, Sony, AOC, Philips, Hisense, Advanced Electronics Company, Leap Technologies FZC, SMARTECH AV, CZ Electronics (Pty) Ltd., Avnet South Africa, TOSHIBA, 3M South Africa, Electrocomp (PTY) Ltd

How Is The Global Smart Washing Machines Market Segmented?

The smart washing machines market covered in this report is segmented –

1) By Type: Top Load, Front Load
2) By Connectivity: Wi-Fi, Bluetooth, Near-Field-Communication (NFC), Other Connectivities
3) By Application: Residential, Commercial

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The Smart Washing Machines Global Market Report 2024 provides an overview of the smart washing machinesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart washing machines market forecast analyzes smart washing machines market size, smart washing machines market share, leading competitor and their market positions.

The Table Of Content For The Smart Washing Machines Market Include

1. Smart Washing Machines Market Executive Summary
2. Smart Washing Machines Market Segments
3. Smart Washing Machines Market Size And Template Market Growth Rate
4.  Key Smart Washing Machines Market Trends
5. Major Smart Washing Machines Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Washing Machines Market
26. Top Smart Washing Machines Companies
27. Smart Washing Machines Market Opportunities And Strategies
28. Smart Washing Machines Market, Conclusions And Recommendations
29. Appendix

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