TechNavio recognizes the following companies as the key players in Global Smart Washing Machine Market: General Electric Co., LG Electronics Inc., Samsung Electronics Co. Ltd., and Whirlpool Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the Global Smart Washing Machine market is the rapid technological advancement of washing machines. The continuous technological advancement in the design and development of household and professional appliances has led to the development of smart washing machines that has in turn increased the comfort level of users. For instance, a new intelligent washing machine called SmartChime automatically sets the water temperature, adds the appropriate amount of laundry detergent, and performs other steps. The rapid rate of technological advancements taking place in the Global Smart Washing Machine market will help users experience a better quality of smart washing machines. ”
According to the report, the Global Smart Washing Machine market is driven by many growth factors, one of which is the growing need for energy-efficient washing machines. End-users are adopting smart washing machines because of their low energy consumption feature and high-quality performance. They significantly reduce energy bills and are very popular in countries where the cost of electricity is high.
Further, the report states that the high cost of smart washing machines is a major challenge faced by the market vendors. As the prime target end-users are non-commercial consumers, they find smart washing machines to be unaffordable as they are priced higher than the traditional washing machines.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-smart-washing-machine-market-2014…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Smart Washing Machine Market 2014-2018
