Government Policies to offer Global Smart Cleaning and Hygiene Market with Lucrative Growth Prospects

Inkwood Research estimates that the Global Smart Cleaning and Hygiene Market is evaluated to project a CAGR of 15.11% in terms of revenue during the forecasting years of 2021-2028.

"Browse 41 Market Data Tables and 39 Figures spread over 125 Pages, along with an in-depth TOC on the Global Smart Cleaning and Hygiene Market Forecast 2021-2028."

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Smart cleaning and hygiene encompass a series of products that automatically perform cleaning tasks, otherwise regarded as laborious, repetitive, and monotonous. The products entail pool cleaning robots, robot vacuum cleaners, and window cleaning robots, among others. Smart cleaning products such as automated robots perform numerous cleaning functions, thereby offering a prospective alternative to expensive human labor for window cleaning and floor cleaning activities.

Government Policies to Facilitate Global Market Growth
Governments of developed and developing countries have acknowledged that robotics and automation are crucial in order to remain competitive, and subsequently provide citizens with improved facilities. Moreover, rapid technological developments necessitate government regulations and policies that support economic changes while also being ethical. In this regard, government policies would encourage consumers to purchase smart cleaning products through cost reduction, consumers' data security since smart cleaning robots are connected to mobile phones, and the installation of cleaning robots in the healthcare, industrial, and commercial sectors.
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Residential Held the Highest Market Share in 2020
The increasing demand for smart cleaning robotics in the residential segment is accredited to consumers being charged with the task of raising families, maintaining an active social life, and building a career. In this regard, smart cleaning products play a vital role in saving time without requiring supervision. An added advantage of the use of smart cleaning robotics in houses is the robot's ability to assist the handicapped maneuver, in addition to serving as companions for the older population. Furthermore, low maintenance, WiFi connectivity, and self-charging are some of the key features bolstering the market's growth within the residential sector.

Asia-Pacific to be the Fastest-Growing and Dominating Region by 2028
The significant growth observed in the Asia-Pacific is mainly attributed to key drivers such as the increased investments in AI research, the augmenting industrial robot industry, growing disposable income, as well as the high purchase powers.
However, the developing nations across the Asia-Pacific, such as India, consider the domestic use of robot vacuum cleaners as non-necessary. Moreover, the COVID-19 pandemic also caused a sharp decline in the purchasing power of consumers in 2020. These factors are likely to limit the region's market growth during the forecast period.
The global smart cleaning and hygiene market observes numerous introductions of technologically advanced products and notable upgrades across current product offerings. The demand from end-users for cost-effective and efficient products could also enable start-up firms as well manufacturers to become increasingly competitive. Furthermore, companies also possess well-established distribution channels, which intensifies the competition across the globe. Therefore, the overall degree of competitive rivalry in the market is high.
Distinguished companies operating in the market include IRobot Corporation, Maytronics, Ecovacs Robotics, etc.

Related Reports:
GLOBAL AUTOMOTIVE ROBOTICS MARKET
GLOBAL CLOUD ROBOTICS MARKET
GLOBAL INDUSTRIAL ROBOTICS MARKET
GLOBAL COLLABORATIVE ROBOTS MARKET

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