Connected and Smart Washing Machines Market to Grow at 7.68% CAGR to 2020

May 25, 2016, 06:00 ET from ReportsnReports

PUNE, India, May 25, 2016 /PRNewswire/ --

A key driver which will positively impact smart connected washing machine market growth during 2016 to 2020 is the increased use of IoT and wireless connecting devices. The use of and dependence on devices that can be controlled remotely through wireless connection is increasing globally a factor that is one of the key drivers for smart washing machine market. Connectivity has become a necessity in today's day-to-day life, especially because it allows consumers to control essential tasks remotely. Wireless technologies are making interoperability between devices possible. Near field communication is used in a large number of smart washing machines to establish a connection between the washing machine and a smartphone to share data and allow users to operate the washing machine remotely.

Complete report on smart connected washing machine market spread across 76 pages, analyzing 5 major companies and providing 52 data exhibits now available at http://www.reportsnreports.com/reports/543819-global-smart-connected-washing-machine-market-2016-2020.html .

The analysts forecast Global Smart Connected Washing Machine Market to grow at a CAGR of 7.68% during the period 2016-2020.An important trend which is bound to have a huge impact is rapid technological advancement. In today's fast moving and rapidly evolving lifestyles, the need for convenience is one of the most important factors that necessitate the development of products that can reduce manual labor. To cater to this growing demand for convenient products, marketers are focusing on the rapidly advancing technologies to develop smart appliances like smart washing machines. Samsung launched its Add Wash front load washing machine in 2016, which provides an option of adding laundry in the middle of a wash cycle through an access door. Amazon introduced Dash Replenishment in 2015, a program that works with connected devices.

Global Smart Connected Washing Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the smart washing machines market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the Global Smart Connected Washing Machine Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of smart connected washing machines (that come as only washer units or as washer and dryer combined into one unit) to the residential consumer segment.

Key players in the Global Smart Connected Washing Machine Market: Whirlpool, LG Electronics, Robert Bosch, Samsung, and GE Appliances. Order a copy of Global Smart Connected Washing Machine Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=543819 .

Presently, the concept of smart washing machines is more of a value proposition from the technology and manufacturers' perspective. However, from the consumers' perspective, it is still to find applicability. Therefore, at this point, connectivity in a smart washing machine is more of a feature addition and not a technology that has high consumer demand. While one set of consumer finds operating it more complex, another set of consumers do not seek information overload. As such, smart connected washing machines are largely being used by early technology adopters during this growth phase of smart home appliances. Further, smart connected washing machine market report states that one challenge that could restrict market growth is the high cost of smart connected washing machines.

Another related report is Global Smart Microwave Oven Market 2015-2019, that says with improving economic conditions in Europe, vendors in the market are increasingly investing in R&D. The market is witnessing the introduction of many innovative applications and solutions, for instance, advances in video asset management solutions. In addition, the main aim of vendors is to reduce the cost of expansion, storage, and maintenance of security solutions. The analysts forecast Global Smart Microwave Oven Market to grow at a CAGR of 28% during the period 2015-2019. Browse complete report @ http://www.reportsnreports.com/reports/450183-global-smart-microwave-oven-market-2015-2019.html

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