Residential Washing Machine Market 2020- Impact of COVID-19, Future Growth Analysis and Challenges | Samsung, LG Electronics, Siemens AG, Haier Group Corporation, AB Electrolux, Whirlpool

Global Residential Washing Machine Market was valued at $36,648 million in 2016, and is projected to reach at $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023.

Make An Enquiry About This Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2451

Residential washing machine is a laundry washing appliance, which is widely used to save time and energy required to do laundry. It is generally viewed as a necessity goods rather than a luxury good, due to increase in urbanization. Economic growth of various countries across the globe has contributed to growth of the residential washing machine market growth, as it increases purchasing power of the customers. Depending on the customer preference and requirement, different types of washing machines are available in the market such as fully automatic, semi-automatic, and dryer. Furthermore, depending on the family size or the amount of laundry to be washed, the residential washing machine industry offers different capacity washing machines, including below 6 kg, between 6 and 8 kg, and 8 kg & above. Rural electrification has witnessed a drastic change over the last couple of years in the Asia-Pacific region, owing to government initiatives to develop rural households, which results in high demand for residential washing machines in the region.

Availability of smart residential washing machine is the emerging trend in the market, as these machines offer a user-friendly interface and are highly efficient. Many washing machine models are also integrated with self-cleaning elements, involving soaking the laundry for longer time and then high-speed spinning to clean them without the use of chemicals. Sixth sense is another innovative technology used in smart washing machines.

For Better Understanding, Download Sample PDF Copy of Residential Washing Machine Market
Research Report @ https://www.alliedmarketresearch.com/request-sample/2451

The global residential washing machine market is segmented on the basis of product, machine capacity, and geography. Based on product, the market is divided into fully automatic, semi-automatic, and dryer. The machine capacity segment includes below 6 kg, between 6 and 8 kg, and 8 kg & above. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Various energy-efficient standards are imposed by various government and environmental regulatory bodies on washing machine manufactures. Thus, manufactures are looking out for smarter ways to make their product energy efficient. Manufactures such as Speed Queen, Maytag, and Whirlpool are focused on developing heat-pump-powered dryers rather than the conventional electricity and gas dryers. Heat-pump dryers are 30% more energy efficient than traditional dryers. Residential washing machine brands such as Whirlpool, LG, Electrolux, and Haier are investing high on water-saving capabilities of washing machine.

Get detailed COVID-19 impact analysis on the Residential Washing Machine Market @ https://www.alliedmarketresearch.com/request-for-customization/2451?reqfor=covid

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.