Press release
Smart Washing Machines Market To See Huge Growth 2023| Business Scenario, Industry Booming Segments By Key Players | LG Electronics Inc, Whirlpool Corp, Panasonic Corp
The global smart washing machine market is expected decline from $7.85 billion in 2019 and to $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 $12.48 billion in 2023 at CAGR of 18.03%.
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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 smart washing machines market covered in this report is segmented by type into top load, front load and by application into residential, commercial. 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.
Smart Washing Machines Market Segmentation: -
By Type
1. Top Load
2. Front Load
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Few Points From Table Of Content
1. Executive Summary
2. Smart Washing Machines Market Characteristics
3. Smart Washing Machines Market Size And Growth
4. Smart Washing Machines Market Segmentation
5. Smart Washing Machines Market Regional And Country Analysis
..........
25. Smart Washing Machines Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Washing Machines Market
27. Smart Washing Machines Market Trends And Strategies
28. Smart Washing Machines Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the smart washing machine market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the smart washing machine market are General Electric Co., , LG Electronics Inc., , Samsung Electronics Co. Ltd.,null, Whirlpool Corp., Robert Bosch GmbH, , Haier Consumer Electronics Group Co. Ltd., , Panasonic Corp., , Siemens AG,null, AB Electrolux, Whirlpool
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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