Press release
Smart Dishwashers Market Poised for 9.4% Growth, Set to Hit $274.13 Billion by 2029
Smart Dishwashers Market Size
In recent times, there has been a swift expansion in the smart dishwashers market size. The market which is projected to be worth $6.55 billion in 2024 is estimated to increase to $7.23 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.4%. Factors such as convenience and time-saving, energy efficiency, integration with smart home technology, environmental sustainability, and wi-fi connectivity have significantly contributed to the growth during the historical period.
In the coming years, the market for smart dishwashers is projected to witness robust expansion, rising to $10.36 billion in 2029 with a 9.4% Compound Annual Growth Rate (CAGR). The projected growth over the given period can be traced back to the incorporation of advanced sensors and AI, water quality monitoring, voice and gesture controls, smart grid integration, and personalized wash cycles. Key trends for this period encompass multi-zone cleaning, dish recognition technology, improvements in drying, hygiene and sanitization aspects, and application integration.
What Are the Key Drivers Behind the Growth of the Smart Dishwashers Market?
The rise in significance of kitchen refurbishments or redesigns is a primary factor propelling the expansion of the smart dishwasher market. Swift urbanization is causing alterations in consumer lifestyles and preferences, leading to kitchen improvements or redesigns. The desire to establish a modular kitchen ignites the swift expansion of ingenious kitchen devices such as cooking equipment, cookware, and dishwashers. To illustrate, a nationwide survey carried out by Consumer Reports, a nonprofit consumer organization in the US, in October 2022 of 2,084 U.S. adults revealed that 21% of Americans owned at least one large smart appliance, including dishwashers. Consequently, the escalating significance of kitchen refurbishments or redesigns is anticipated to fuel the growth of the smart dishwasher market.
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Who Are the Major Industry Players Fueling Smart Dishwashers Market Expansion?
Major companies operating in the smart dishwashers market include Samsung Electronics Co Ltd., BSH Hausgeräte GmbH, GE Appliances, Whirlpool Corporation, LG Electronics Inc., Electrolux AB, Miele & Cie. KG, Robert Bosch GmbH, Panasonic Corporation, Haier Group Corporation, Aga Rangemaster Group, Asko Appliances AB, Dacor Inc., Fagor America Inc., Hoover Candy Group, SR Brands LLC, SMEG SpA, VESTEL Group, Xiaomi Corporation, Maytag Corporation, Café Appliances, KitchenAid, Frigidaire Appliances, Inter IKEA Systems BV, Kenmore, Thermador, JennAir, Fisher & Paykel Appliances Holdings Ltd., Blomberg Appliances, Hisense
Which Key Developments Are Influencing the Smart Dishwashers Market?
Leading enterprises operating in the smart dishwasher sector are ramping up efforts to introduce cutting-edge technology, such as TrueSteam technology, which offers a more sanitary and soft cleaning process for delicate items. Residing in dishwashers, the TrueSteam technology applies high-heat steam to intimately cleanse and sterilize, breaking down stubborn food residues and diminishing bacteria and water marking. For example, in November 2022, LG Corp., a consumer electronics firm originated in South Korea, debuted the QuadWash Steam dishwasher. It employs high-temperature steam to scrupulously cleanse dishes and lessen water marks. With its four multi-action spray arms, the QuadWash system makes sure that dishes are washed from various angles. This hybrid solution pioneers avant-garde dishwashing efficiency and effectiveness.
How Is the Segmentation of the Smart Dishwashers Market Defined?
The smart dishwashers market covered in this report is segmented -
1) By Type: Small Size Freestyle Smart Dishwashers, Large-Scale Freestyle Smart Dishwashers
2) By Distribution Channel: Offline, Online
3) By Applications: Household, Commercial
Subsegments:
1) By Small Size Freestyle Smart Dishwashers: Compact Countertop Dishwashers, Portable Smart Dishwashers
2) By Large-Scale Freestyle Smart Dishwashers: Full-sized Freestanding Smart Dishwashers, High-capacity Smart Dishwashers
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What Is the Leading Region in the Smart Dishwashers Market?
Asia-Pacific was the largest region in the smart dishwashers market in 2023. Western Europe was the second-largest region in the smart dishwashers market. The regions covered in the smart dishwashers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Smart Dishwashers Global Market Report?
- Market Size Analysis: Analyze the Smart Dishwashers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Dishwashers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Dishwashers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Dishwashers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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