Washing machines are used for washing purposes, and they save time and energy. Technological innovations resulted in smart connected washing machines being developed which give end-users increased comfort and convenience.
What is driving smart connected washing machines market?
Market size of smart washing machine
The global market size for smart washing machine reached US$ 3 billion in 2018 and is expected to reach around US$ 9 billion by 2025.
Trends and developments in the smart washing machine market
The smart connected washing machine has a number of features such as remote access to the machine control, Wi-Fi access and easy remote washing. The users can easily operate the washing machine remotely through an app.
The increase in the internet of things (IoT) and the rapid deployment in the internet has driven the growth of the global smart washing machine industry. The technological and innovative advances in smart connected washing machines are expected to provide lucrative opportunities for manufacturers. It is expected that increasing the efficiency of smart connected washing machines such as the use of less electricity and water will boost the market growth.
On the contrary, the availability of laundry shops and the increase in online laundry services are impeding the market growth. Moreover, the market growth of the smart washing machine will also be relying heavily on internet penetration.