The Global Smart Connected Washing Machine Market size is expected to reach $15.8 billion by 2023, rising at a market growth of 22.3% CAGR during the forecast period.
Washing machines are used is washing purposes, therefore, these machines save time and energy. Innovations in technology has led to the development of smart connected washing machines. These machines lead to increased comfort levels, and convenience for the end users.
Rapid adoption of Internet of things (IoT) and rapid urbanization are the factors that drive the growth of the global smart connected washing machine market. Additionally, rising disposable income and efficient smart connected washing machines with features such saving electricity and water would further propel the market growth.
Based on the Product type, the Smart Connected Washing Machine market is segmented into Front Load and Top Load. The end user covered under the report includes Residential and Commercial. Based on Regions, the Smart Connected Washing Machine market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Samsung Group, LG Electronics Inc., Siemens AG, Haier Group Corporation, AB Electrolux, Whirlpool Corporation, Techtronic Industries, Panasonic Corporation, and GE Appliances.