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Smart Washing Machines Global Market Report 2022

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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.

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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.

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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.

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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.

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North American grocery retailer digitizes stores with Pricer Plaza in 90 MSEK order

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STOCKHOLM, June 28, 2024 /PRNewswire/ — Pricer’s partner JRTech Solutions has signed an agreement with a large Tier 1 North American grocery retailer for the cloud-based platform Pricer Plaza, which allows for in-store automation and communication, within an initial 50 of their stores.

The value of the contract is approximately 90 MSEK. The rollout of Pricer Plaza and electronic shelf labels within the initial 50 stores is expected to be completed by the end of 2024. This installation by one of the largest grocery chains in North America with over 1500 grocery and pharmacy stores, is the first large-scale full-store deployment of four-color labels in North America.
“After one year of thorough testing with a pilot installation, we are thrilled by the trust from this leading retailer. It underscores our commitment to transforming the retail experience through cutting-edge technology, enhancing both operational efficiency and customer satisfaction. We look forward to supporting them with our in-store solutions in their digital transformation journey,” says Mats Arnehall, Chief Commercial Officer at Pricer.
“JRTech Solutions has worked extensively with our client over the last year to prove the value, capability and scalability of both our Pricer technology and our suite of deployment solutions. Doing so not only involved digitally transforming our client’s promotional business rules through the use of our latest SmartTAG four-color labels but providing the capability of utilizing our labels in a way that will allow for both ongoing and future operational efficiencies,” says Diego Mazzone, President & CEO at JRTech Solutions.
The order value of approximately 90 MSEK does not include Pricer Plaza and technical support, and will be included in Pricer’s order intake for the second quarter of 2024.
For further information, please contact:Mats Arnehall, Chief Commercial Officer, +46 70-8108084Magnus Larsson, President and CEO, +46 704 [email protected]
This information constitutes inside information that Pricer AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in Sweden in 1991 and is listed on Nasdaq Stockholm. For further information, please visit www.pricer.com.
About JRTech Solutions Inc.
JRTech Solutions Inc. is a privately held corporation headquartered in Montreal, Québec. JRTech Solutions Inc. is the leading Canadian Electronic Shelf Label (ESL) provider and the largest distributor of Pricer Electronic Shelf Labels in North America, involved in over 1,300 store installations since 2008. For further information, visit http://www.jrtechsolutions.com.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/pricer/r/north-american-grocery-retailer-digitizes-stores-with-pricer-plaza-in-90-msek-order,c4008573
The following files are available for download:
https://mb.cision.com/Main/715/4008573/2891329.pdf
2024-06-28_Pricer_North American Grocery_ENG
 

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Dahua Technology leads the front lines of ESG

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MAIDENHEAD, England, June 28, 2024 /PRNewswire/ — Dahua Technology, a world leader in video surveillance, has released its 2023 ESG report, showcasing its leadership and commitment to building a green, environment-friendly and safe intelligent world.

Last year, the company, a global video-centric AIoT solution and service provider, made substantial strides by focusing on maximising economic, climate-conscious and social values.
At the forefront of corporate social responsibility, Dahua actively engaged in a fundraising event for UK charity Breast Cancer Now, raising awareness and funds to help those affected by the illness. In addition, the company successfully joined the United Nations Global Compact demonstrating its ongoing dedication to responsible business action in support of broader societal goals.
Adopting a green development strategy, Dahua also implemented an extensive environmental management system, contributing to waste reduction and environmental preservation by enhancing energy efficiency and resource utilisation. In 2023 alone, this included recycling 1,663 tonnes of production materials, ensuring 100% lawful disposal of hazardous waste and achieving an overall recovery rate of 80% for WEEE products.
Championing ESG best practices, Dahua has a well-established governance framework that adheres to compliance operations and business ethics thanks to its Integrity Compliance Committee. Thanks to this body, it continuously improves privacy protection systems, actively carries out external audits and conducts emergency drills and training to ensure the highest level of security for its end users.
Alvin Qian, General Manager UK & Ireland, commented recognising the company’s ESG accomplishments: “In 2023 we witnessed Dahua’s steadfast dedication to social responsibility while seamlessly integrating digital intelligence into our sustainable initiatives and practices. I am proud of our achievements and confident about the progress we have made as we strive to meet our ambitious ESG goals. Looking ahead, we remain committed to driving further advancements in line with our company’s sustainable vision.”
With its mission of enabling a safer society and smarter living, Dahua vows to continue creating value beyond safety through technology, contributing to the world’s harmonious coexistence with nature.
Dahua Technology is a world leader in video surveillance manufacturing, creating advanced electronic security solutions for transportation, education, city surveillance, retail and commercial markets worldwide. Dahua Technology UK & Ireland works with distribution partners to serve an ever-growing network of system integrators and installers, offering complete system solutions that encompass cameras, control equipment, recording, video walls, software, accessories and more.
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Subex Recognized in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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BENGALURU, India, June 28, 2024 /PRNewswire/ — Subex, a leading global provider of AI-powered solutions for the telecommunications industry, today, announced its inclusion in the 2024 Gartner Magic Quadrant for AI in CSP Customer and Business Operations report. Subex believes that this recognition marks a significant milestone for the company, highlighting its commitment to delivering innovative AI solutions that empower Communication Service Providers (CSPs) to thrive in the digital age.

According to Gartner, “This Magic Quadrant helps communications service providers identify and evaluate AI vendors for their customer and business operations. It will guide CSP CIOs and technology leaders toward the right AI vendor choices, in a rapidly evolving market.” 
According to Subex, their inclusion in the Magic Quadrant underscores its position as a key player in the AI landscape for CSPs. For many years, Subex has been at the forefront of AI innovation in the telecommunications industry, providing cutting-edge solutions that address complex challenges, such as fraud detection, customer churn prediction, network optimization, and revenue assurance. Leveraging machine learning and automation, Subex empowers CSPs to make data-driven decisions, streamline operations, and achieve significant improvements in overall business performance.
“We are thrilled to be recognized in the Gartner Magic Quadrant for AI in CSP Customer and Business Operations Report,” said Nisha Dutt, CEO of Subex. “We think that being recognized as one of the key players validates our relentless focus on developing AI-driven solutions that address the unique challenges and opportunities faced by CSPs, globally. This is a significant milestone in Subex’s journey, and we are committed to further solidifying our market position through continuous innovation and delivering exceptional value to our CSP customers.”
Subex’s team of experts is dedicated to pushing the boundaries of AI innovation within the CSP domain. By continuously developing new solutions and enhancing existing ones, Subex ensures that CSPs have access to the most advanced AI tools and technologies, to navigate the evolving landscape and achieve sustainable growth.
For more information about Subex and its AI-driven solutions for CSPs, visit www.subex.com.
Gartner, Magic Quadrant for AI in CSP Customer and Business Operations, By Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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