Major players in the smart washing machine market are General Electric Co. , LG Electronics Inc. , Samsung Electronics Co. Ltd. , Whirlpool Corp. , Robert Bosch GmbH, Haier Consumer Electronics Group Co. Ltd.
New York, March 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Smart Washing Machines Global Market Report 2022" - https://www.reportlinker.com/p06247529/?utm_source=GNW , Panasonic Corp., Siemens AG, AB Electrolux, and Whirlpool. The global smart washing machines market is expected grow from $14.87 billion in 2021 to $15.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.83 billion in 2026 at a CAGR of 6.9%. The smart washing machine market consists of sales of smart washing machines and related services.The sales comprise of revenues generated by establishments that are primarily engaged in the manufacturing and selling of smart front load, Inclined Load and top load smart washing machines. Smart washing machine is defined as the machine which helps the user to control the washing process remotely.Smart washing machines are connected to the internet and to smart phone, or other smart devices through the cloud or app. The connectivity gives more control on the machine, and user can decide its activity through the commands on the app or through other means like voice. The main type of smart washing machine are top load, front load that are applied in both residential, commercial use.The top load smart washing machine allow loading the washing machine with clothes from the top. Smart washing machine use different kinds of connectivity such as Wi-Fi, Bluetooth, near-field communication and other connections. Asia Pacific was the largest region in the smart washing machines market in 2021.Western Europe was the second-largest region in the smart washing machines market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The increasing need for energy-efficient washing machines will drive the growth of the smart washing machines market in the forecast period.Smart washing machines increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient washing machines can be attributed to the stringent government regulations on electric home machines and advances in technology. According to the U.S. Energy Information Administration (EIA), the demand for global energy will grow by 37% due to a rise in energy requirements per household by 2035. Energy-efficient machines are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient machines. Thus, smart washing machines will drive the market in the forecast period. Smart washing machine utilizes wireless technology (such as WiFi, 3G, Bluetooth, etc.) to communicate and interact with other devices or networks. Therefore, the cost of smart washing machine is high compared to conventional washing machine. The smart washing machine cost ranges from $650 to $2500 compared to conventional ones which ranges from $100 to $1000. The cost will also depend on the size of the washing machine, with larger units fetching higher prices, such as a Samsung 16kg front load washing machine, which retails for around $3,000. Although the higher expense of smart washing machine with a comparable build quality to a regular washing machine is not unreasonable, the high cost of these washing machines would hinder the demand and growth of the smart washing machine market. Artificial Intelligence is expected to be a trend in smart washing machine market.AI uses a simulation of human intelligence into machine. These machines are programmed with AI technology to think and function like humans.For instance, LG electronics newly released smart washing machine LG thinkQ which uses Artificial Intelligence and analyses the wash load and suggests the wash settings accordingly. Similarly, Samsung released Samsung Grande AI washer and drier in January 2020 which uses Artificial Intelligence for effective ways to laundry and connect with drier to ease the process of laundry. AI-programmed smart washing machines are expected to ease the process of laundry. The countries covered in the smart washing machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. Read the full report: https://www.reportlinker.com/p06247529/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
U.S. gas producers like Coterra Energy, EQT, and Southwestern Energy, and those that process and transport the gas, like Cheniere and Energy Transfer, stand to gain.
Warren Buffett is undeniably the most closely watched, highest-profile investor in modern history. Not surprisingly, investors relentlessly clamor to match his success by analyzing his portfolio, hoping to absorb even a tiny morsel of Buffett's investment genius. Despite his unparalleled success, Buffett's investment model has always been transparent, straightforward, and consistent.
(Bloomberg) -- Commodities markets have a well-worn saying that “the cure for high prices is high prices.” According to JPMorgan Chase & Co., the process may just be starting to happen in oil.Most Read from BloombergPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaChina Plane Crash Update: Search Continues for Second Black BoxRussia Central Banker Wanted Out Over Ukraine, Putin Said NoNATO Boosts Forces in East Amid Chemical Incidents WarningWall Street Is Scrambling For the Exits in M
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West Texas Intermediate (WTI), the benchmark crude oil for North America, remains over $100 per barrel as the world continues to economically isolate Russia in response to the invasion of Ukraine.
Crypto miners and crypto mining-related stocks have seen impressive interest over the past week. Since last week's close, Riot Blockchain (NASDAQ: RIOT), SOS Limited (NYSE: SOS), and Canaan (NASDAQ: CAN) appreciated 5.8%, 14.7%, and 7.4%, respectively, as of 11:30 a.m. ET Friday. Crypto mining companies' valuations tend to reflect the moves in the price of Bitcoin, for various reasons.
Some 59% of the energy firms that responded said investors were pressuring them to maintain capital discipline.
The move reflects airlines’ continuing efforts in recent years to carve their offerings into ever narrower niches, embracing an a-la-carte pricing model to get customers to spend more.
The Australian dollar has rallied rather significantly during the trading week, to reach as high as the 0.75 handle.
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New Delhi has faced criticism for its longstanding ties with Moscow. But at least for now, a big shift toward Russian-oil imports looks unlikely.
Berkshire Hathaway CEO Warren Buffett has said that his company's "favorite holding period is forever." The famously successful moneyman's ability to identify businesses worth holding for the long haul has helped his company benefit from winners that kept on winning, translating into portfolio performance that has absolutely crushed the broader market. With Buffett's incredible success in mind, taking some inspiration from the Oracle of Omaha could help take your portfolio to the next level.
Oil futures settle higher on Friday, giving up earlier declines and boosting their weekly gain, after reports of an attack on an oil facility in Saudi Arabia renews concerns over global crude supplies.
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Durable economic trends are generating strong demand for the company's products. Here's what's in play.
"High-frequency data suggest that consumers are beginning to react,” notes Natasha Kaneva, head of commodities research at J.P. Morgan.
Baker Hughes , the oilfield services company, has emerged from a large base pattern and looks poised for further gains. Let's check out the charts and indicators. In this daily bar chart of BKR, below, we can see that a rally began back in July but turned even stronger in recent months.
Natural gas prices jumped, breaking above former resistance.