What is driving the strong growth of the smart washing machine market?



The Business Research Company Global Smart Washing Machines Market Report 2021 – COVID 19 Growth and Change

The Business Research Company Global Smart Washing Machines Market Report 2021 – COVID 19 Growth and Change

LONDON, GREATER LONDON, United Kingdom, September 25, 2021 /EINPresswire.com/ – The growing need for energy efficient washing machines will drive the growth of smart washing machine market during the forecast period. The smart washing machine industry is increasingly producing energy efficient products to reduce the carbon footprint and enable consumers to save energy. The rise of energy efficient washing machines can be attributed to strict government regulations on household electrical machines and technological advancements. According to the United States Energy Information Administration (EIA), global energy demand will increase by 37% due to an increase in energy needs per household by 2035. Energy efficient machines are designed to use a minimum energy to accomplish the required task. Currently, more than 80 countries have standards and labels for energy efficient machines.

The global smart washing machine market size is expected to grow from $ 7.18 billion in 2020 to $ 8.64 billion in 2021 at a compound annual growth rate (CAGR) of 20.3%. The growth is primarily driven by businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 14.98 billion in 2025 at a CAGR of 15%.

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The major players in the global smart washing machine industry 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, Whirlpool, Techtronic Industries (USA), Panasonic Corporation, Toshiba Corp, IFB Industries Ltd., Koninklijke Philips NV (Netherlands), BSH Hausgerate GmbH (Germany), Peraso Technologies (Canada), TCL Corp. (China), Bosch (Germany), AEG, Tecnik, IFB, Baumatic, Kenmore Maytag, Zanussi, Sharp Corporation, Candy.

TBRC Global Smart Washing Machines Market report is segmented by Type in Top Load, Front Load, by Application in Residential, Commercial, by Wi-Fi Connectivity, Bluetooth, Near Field Communication (NFC), Others.

Global Smart Washing Machines Market Report 2021 – By type (top load, front load), by application (residential, commercial), by connectivity (Wi-Fi, Bluetooth, near field communication (NFC), others), COVID 19 Growth And Change is part of a series new reports from The Business Research Company which provide an overview of the smart washing machines market, a forecast of the size and growth of the smart washing machines market for the entire market, washing machine market segments smart washing machines and geographies, intelligent washing machine market trends, intelligent washing machine market drivers, restraints, revenue, profiles and market share of major competitors.

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Global Washing Machines Market Report 2021 – By Type (Fully Automatic, Semi-automatic), By Product (Automatic, Semi-automatic, Dryer), By Sales Channel (E-commerce, Retail Chains, direct sales), by technology (top load, front load), by application (residential, commercial), COVID-19 impact and recovery

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