DUBLIN--(BUSINESS WIRE)--The "Smart Connected Washing Machine Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global smart connected washing machine market was valued at $3,712 million in 2016, and is projected to reach $13,631 million by 2023, growing at a CAGR of 22.6% from 2017 to 2023.
Washing machines are used for the laundry washing purpose, thus saving time and energy. Product innovations have led to the development of smart connected washing machines that increase comfort level and convenience for customers. Some other features of smart connected washing machines include efficient use of water and electricity during the washing process. Moreover, the introduction of these machines has enabled users to get real-time information about the various stages of washing along with remote access & control.
By product, the global smart connected washing machine market is divided into top load and front load. The front load smart connected washing machine is expected to register the highest CAGR throughout the analysis period, owing to increase in urbanization and its user-friendliness feature.
Based on end user, the market is bifurcated into commercial and residential. The residential end user is the most lucrative segment, as smart connected washing machines offer enhanced energy efficiency and higher value for money, in terms of laundry washing, which in turn helps people save on electricity bills.
Companies Mentioned:
- Samsung Group
- LG Electronics Inc.
- Siemens AG
- Haier Group Corporation
- AB Electrolux
- Whirlpool Corporation
- Robert Bosch GmbH
- Techtronic Industries
- Panasonic Corporation
- GE Appliances
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Smart Connected Washing Machine Market, By Product
Chapter 5: Smart Connected Washing Machine Market, By End User
Chapter 6: Smart Connected Washing Machine Market, By Geography
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/m2dlj3/global_smart?w=4
