Global Smart Washing Machine Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Major players in the smart washing machine 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. The Global Smart Washing Machine Market is expected decline from USD 7.85 billion in 2019 and to USD 7.59 billion in 2020 at a compound annual growth rate (CAGR) of -3.22%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach USD 12.48 billion in 2023 at CAGR of 18.03%. The smart washing machine market consists of sales of smart washing machines and related services. The sales comprises of revenues generated by establishments that are primarily engaged in the manufacturing and selling of smart front load, Inclined Load and top load smart washing machines. Smart washing machine is defined as the machine which helps the user to control the washing process remotely. Smart washing machines are connected to the internet and to smart phone, or other smart devices through the cloud or app. The connectivity gives more control on the machine, and user can decide its activity through the commands on the app or through other means like voice. North America was the largest region in the smart washing machines market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period. Artificial Intelligence is expected to be a trend in smart washing machine market. AI uses a simulation of human intelligence into machine. These machines are programmed with AI technology to think and function like humans. For instance, LG electronics newly released smart washing machine LG thinkQ which uses Artificial Intelligence and analyses the wash load and suggests the wash settings accordingly. Similarly, Samsung released Samsung Grande AI washer and drier in January 2020 which uses Artificial Intelligence for effective ways to laundry and connect with drier to ease the process of laundry. AI-programmed smart washing machines are expected to ease the process of laundry. The smart washing machines market covered in this report is segmented by type into top load, front load and by application into residential, commercial. Smart washing machine utilizes wireless technology (such as WiFi, 3G, Bluetooth, etc.) to communicate and interact with other devices or networks. Therefore, the cost of smart washing machine is high compared to conventional washing machine. The smart washing machine cost ranges from USD 650 to USD 2500 compared to conventional ones which ranges from USD 100 to USD 1000. The cost will also depend on the size of the washing machine, with larger units fetching higher prices, such as a Samsung 16kg front load washing machine, which retails for around USD 3,000. Although the higher expense of smart washing machine with a comparable build quality to a regular washing machine is not unreasonable, the high cost of these washing machines would hinder the demand and growth of the smart washing machine market. In February 2018, Hughes Electrical, a leading player in the UK’s commercial laundry market acquired Armstrong Commercial Laundry Systems for an undisclosed amount. This acquisition allows Hughes to open trade counters to provide domestic equipment to local businesses as well as to Armstrong customers. Armstrong is a UK distributor for American company Alliance Laundry Systems, the worldwide producer of commercial laundry equipment. The increasing need for energy-efficient washing machines will drive the growth of the smart washing machines market in the forecast period. Smart washing machines increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient washing machines can be attributed to the stringent government regulations on electric home machines and advances in technology. According to the U.S. Energy Information Administration (EIA), the demand for global energy will grow by 37% due to a rise in energy requirements per household by 2035. Energy-efficient machines are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient machines. Thus, smart washing machines will drive the market in the forecast period. For More Information, Click on the Link Below:- Global Smart Washing Machine Market Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: China Smart Washing Machines Market, Europe Smart Washing Machines Market, Front Load Washing Machines Market, Global Smart Washing Machines Industry, Global Smart Washing Machines Industry Research Report, Global Smart Washing Machines Market, Global Smart Washing Machines Market Analysis, Global Smart Washing Machines Market Forecast, Global Smart Washing Machines Market Growth, Global Smart Washing Machines Market Outlook, Global Smart Washing Machines Market Overview, Global Smart Washing Machines Market Research Report, Global Smart Washing Machines Market Revenue, Global Smart Washing Machines Market Share, Global Smart Washing Machines Market Trends, India Smart Washing Machines Market, Japan Smart Washing Machines Market, LG Electronics Inc Smart Washing Machines Market Share, Samsung Electronics Co Ltd Smart Washing Machines Market Revenue, Smart Washing Machines Market, Smart Washing Machines Market Competitive Landscape, Smart Washing Machines Market Segmentation, Top Load Washing Machines Market, US Smart Washing Machines Market, Whirlpool Corp Smart Washing Machines Market Share