Artificial Intelligence
The Global Vacuum Cleaner Market size is expected to reach $20.6 billion by 2028, rising at a market growth of 9.6% CAGR during the forecast period
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New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Vacuum Cleaner Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Application, By Product, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06422764/?utm_source=GNW
The pressure within the machine is decreased by a fan powered by an electric motor, which is frequently a universal motor. The dust is then effectively sucked into the bag as a result of atmospheric pressure forcing air across the surrounding objects like the carpet and through the nozzle.
According to tests, vacuuming may eliminate 96% of mature and 100% of baby fleas. High-efficiency particulate arrestor (HEPA) filters are increasingly becoming a common feature in many household vacuum cleaners. These filters are clean as well as work well against many dangerous bacteria, dust mites, and other impurities. In vacuum cleaners utilizing HEPA filters, UV disinfection technology is also provided. These filters are also easy to clean and maintain as they can be cleaned with water.
One of the main factors influencing the demand for them in the residential sector is the reduction in the time left for conducting home tasks as a result of the Work from Home (WFH) paradigm. Other important drivers responsible for the market’s expansion include changing lifestyles, high disposable incomes, the rising purchasing power of the middle class, an increasing working population, and the need for equipment and appliances that are convenient to use.
Additionally, the development of robotic vacuum cleaners that are able to clean an area without the assistance of a human is also anticipated to benefit the market and fuel market expansion. For instance, Xiaomi introduced the Mijia sweeping robotic vacuum. This device aids in deep cleaning and gets rid of tough stains without the help of a person. The Mijia app can be used to control the gadget. The user can link the robot vacuum to additional smart home gadgets with the aid of this software.
COVID-19 Impact Analysis
Due to COVID-19, an increase in vacuum cleaner adoption has been noted. Vacuum cleaners are being used and preferred in a variety of locations to clean the area and lessen the risk of spreading dangerous illnesses to people. The COVID-19 outbreak established a number of limitations and requirements. As a result, it increased the need for cleaning personnel and contributed to a growth in the use of vacuum cleaners. This technology has been shown to be highly effective for thorough Cleaning and disinfection. Additionally, more hospitals were using robotic vacuum cleaners as it ensures hassle-free, automatic Cleaning of any living or working environment. The emergence of COVID-19 altered consumer preferences and opened up new market prospects. While initially seeing a decline in output, the vacuum cleaners market has been seen to rise steadily overall.
Market Growth Factors
Growing awareness of indoor health as well as lung diseases and allergies
According to one definition, allergic diseases are immune system hypersensitivity disorders brought on by allergic inflammation induced by an allergen. Globally, respiratory allergies are one of the most prevalent types of allergies, and their incidence is rising. Numerous epidemiological studies have determined that the prevalence of these allergies ranges from 10 to 30%, with metropolitan regions often having a higher incidence of these allergies than rural ones. Therefore, the prevalence of allergies and lung diseases is pushing people to invest in vacuum cleaners, which in turn is boosting the growth of the market.
Rising adoption of independent, technologically advanced, and economical vacuum cleaners
The development of eco-friendly vacuum cleaners is a major priority for manufacturers. The biggest opportunity for vacuum cleaner market players appears to be investing in integrated IoT technology, artificial intelligence, robots, and improvements in vacuum cleaners, including air filter technology, UV sterilization, and video surveillance by suppliers. Additionally, there is a growing market for autonomous home vacuum cleaners as a result of the general desire to cut down on cleaning time, particularly in households with several working members. Hence, the incorporation of innovative technologies in autonomous vacuum cleaners is significantly aiding in the expansion of the market in the coming years.
Market Restraining Factors
High cost of vacuum cleaners and associated high electricity bills
There is a huge affordability problem with many high-end vacuum cleaners. In developing nations, the middle class cannot afford advanced and highly efficient vacuum cleaners owing to their high prices. For instance, an advanced vacuum cleaner can cost between US$ 1,300 and 1,700, which is pricey when compared to other cleaning supplies for the home. Additionally, expensive maintenance costs are a major hindrance for household vacuum cleaners. Hence, these factors might force users to not buy vacuum cleaners and thus hamper the growth of the market.
Product Outlook
Based on product, the vacuum cleaner market is categorized into canister, central, drum, robotic, upright, wet & dry, and others. The upright segment acquired a promising growth rate in the vacuum cleaner market in 2021. Large surface areas covered by upright vacuum cleaners make them helpful in large homes. Traditional upright vacuum cleaners have been used from earlier times. A greater standard of cleaning precision is being introduced to household tasks, and health standards are both being improved by the rising popularity of upright vacuum cleaners.
Distribution Channel Outlook
On the basis of distribution channel, the vacuum cleaner market is divided into online and offline. The online segment recorded the largest revenue share in the vacuum cleaner market in 2021. The expansion can be linked to the worldwide application of lockdown measures with varied degrees of rigor to prevent the transmission of COVID-19. Since cleaning has become a necessary component of daily life across all application domains, businesses have shifted to selling their goods online. The process of selling and demonstrating products virtually made a significant contribution to the segment’s growth.
Application Outlook
Based on application, the vacuum cleaner market is segmented into industrial, residential, and commercial.
Regional Outlook
On the basis of region, the vacuum cleaner market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the vacuum cleaner market in 2021. Some of the main variables influencing demand for vacuum cleaners in the Asia Pacific region include the substantial presence of local businesses, the accessibility of inexpensive goods, and customers’ high purchasing power. In addition, in emerging nations like India, Vietnam, Thailand, etc., the demand for vacuums is being aided by the growing electrification of remote regions and the widespread usage of online sales platforms.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Panasonic Holdings Corporation, Neato Robotics, Inc., Haier Group Corporation, and Emerson Electric Co. are the forerunners in the Vacuum Cleaner Market. Companies such as Ecovacs Robotics Co., Ltd., Alfred Karcher SE & Co. KG, BISSELL, Inc., and iRobot Corporation are some of the key innovators in Vacuum Cleaner Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alfred Karcher SE & Co. KG, Dyson Limited, Ecovacs Robotics Co., Ltd., Emerson Electric Co., Haier Group Corporation, iRobot Corporation (Amazon.com, Inc.), Neato Robotics, Inc. (Vorwerk & Co. KG), Nilfisk Holding A/S, Panasonic Holdings Corporation, and BISSELL, Inc.
Recent Strategies Deployed in Vacuum Cleaner Market
Product Launches and Expansions:
Oct-2022: Neato Robotics globally launched Neato Fragrance Pods and filters meant for Neato D-Series intelligent robot vacuums. The new supplement products join the already existing portfolio of accessories allowing customers to have a more personalized cleaning experience based on their requirements.
Jul-2022: Emerson introduced ProTeam GoFit Series. The new product is available in multiple versions, 3-qt, 6-qt, 6-qt PLUS, and 10-qt, and is equipped with interchangeable lower and upper velcro pads.
Jun-2022: Haier launched the 2-in-1 dry & wet mop Robot Vacuum Cleaner in India. The new product comes with Google Home Assistant, 2.4 GHz WI-Fi, can be controlled through a remote and has 2600 mAh battery. The new product launch strengthens Haier’s smart home solutions product offerings.
May-2022: Haier launched Smart Robot Vacuum Cleaner TH27U1, Haier’s first robotic cleaner in India. The new product is equipped with a 2600mAh battery, has a run time of up to 90 minutes, and comes with a 600ml storage tank. The product also features voice commands and scheduling cleaning tasks.
Apr-2022: Panasonic India unveiled MC-YL633, a premium dry vacuum cleaner. The new product is equipped with a 2000W motor and an 18L dust tank. The new vacuum cleaner caters to the needs of multiple industries including households, the F&B industry, the carpet industry, etc.
Mar-2022: Panasonic introduced MC-SB85KH047 in Malaysia. The new tangle-free hair cordless stick vacuum cleaner is available in three versions and is best suited for homes with pets and kids.
Feb-2022: Kärcher launched two new vacuum cleaners, VC 4 Cordless myHome and VC 6 Cordless ourFamily, both the devices are battery-powered and cordless. The vacuum cleaners are available in yellow standard and white premium colors. The two new products expand Kärcher’s cordless devices portfolio.
Jan-2022: ECOVACS unveiled DEEBOT X1, a range of cleaning robots. The new series features fully automated and supreme robotic mop and vacuum cleaning systems.
Jul-2021: ECOVACS ROBOTICS unveiled a series of floor-cleaning robots in India. The series includes the following models, DEEBOT 500, DEEBOT U2 PRO, DEEBOT OZMO 950, and DEEBOT OZMO T8.
Jun-2021: Dyson introduced the Omni-glide vacuum cleaner. Omni-glid is a cord-free vacuum cleaner engineered to clean hard floors. The new product launch broadens Dyson’s vacuum cleaner product portfolio.
Mar-2021: Dyson introduced Dyson V15 Detect. V15 Detect is a cord-free vacuum cleaner, designed to locate hidden dust, and also comes with an acoustic piezo sensor.
Sep-2020: Neato Robotics introduced D10, D9, and D8, range of premium intelligent robot vacuums. The D10 comes with a true HEPA filter, a runtime of up to 150 minutes, and is based on the recent LaserSmartTM LIDAR-based technology. Neato D9 is equipped with Neato’s flagship LaserSmartTM technology and comes with an Ultra-Performance HEPA-style filter. The Neato D8 is also equipped with LaserSmartTM technology and has a runtime of up to 90 minutes. The product launch demonstrates Neato’s devotion to making life easy and effortless by using robotics.
Feb-2020: Panasonic unveiled the Panasonic Extreme Series Vacuum Cleaners across the Middle East. The new series is the industry’s first detachable drum vacuum cleaner and is available in five models, MC-YL999, MC-YL989, MC-YL798, MC-YL788, and MC-YL778. The series is engineered keeping into consideration the needs of customers in the Middle East.
Partnerships, Collaborations and Agreements:
Jan-2020: iRobot came into partnership with IFTTT, a US-based developer of an open-ended connectivity platform. The partnership involves jointly working to enable customers to integrate their devices with more ease. The partnership further improves iRobot’s connected product base.
Geographical Expansions:
May-2021: Kärcher expanded its global footprint by establishing a new manufacturing plant in Romania. The new plant would manufacture vacuum cleaners, and would also provide towards Kärcher’s aim of doubling its business in Romania.
Scope of the Study
Market Segments covered in the Report:
By Distribution Channel
• Online
• Offline
By Application
• Residential
• Industrial
o Manufacturing
o Food & Beverages
o Construction
o Pharmaceuticals
o Others
• Commercial
o Hospital
o Hospitality
o Retail Stores
o Shopping Malls
o Others
By Product
• Canister
• Robotic
• Drum
• Wet & Dry
• Upright
• Central
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Alfred Karcher SE & Co. KG
• Dyson Limited
• Ecovacs Robotics Co., Ltd.
• Emerson Electric Co.
• Haier Group Corporation
• iRobot Corporation (Amazon.com, Inc.)
• Neato Robotics, Inc. (Vorwerk & Co. KG)
• Nilfisk Holding A/S
• Panasonic Holdings Corporation
• BISSELL, Inc.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06422764/?utm_source=GNW
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Artificial Intelligence
World Top-Performing Incubator Conference 2024 Held in Lingang Shanghai, China
SHANGHAI, Oct. 1 2024 /PRNewswire/ — The World Top-Performing Incubator Conference 2024 (WTIF 2024), one of the series activities of Pujiang Innovation Forum, themed “Boundless Innovation, Collaborative Synergy”, was held in Lin-gang Special Area, Shanghai from September 26th to 28th, 2024.
During the opening ceremony, Zhao Chaofan, Director General, the Department of Science and Technology, Ministry of Industry and Information Technology (MIIT), Wang Dehua, Director of Incubation System Construction Division of Torch High Technology Industry Development Center Ministry of Science and Technology, Zhai Jinguo, Deputy Director of the Science and Technology Commission of Shanghai Municipality, and Peng Shiquan, Deputy Director of Lin-gang Special Area Management Committee attended and delivered welcome speeches. Li Youping, Deputy Director of the Torch Technology Industry Development Center, MIIT, Chen Xin, Vice President of Shanghai Association for Science and Technology, Sun Meng, Vice President of Shanghai Lingang Economic Development, and Huang Lihong, Director of Shanghai Technology Innovation Center, collectively launched WTIF 2024.
DMZ, The Drivery GmbH, London & Partners, UtrechtInc Startup Incubator, ITU Çekirdek Incubation Center,Startups House, 22 On Sloane, Caohejing Humanoid Robots Innovation Incubator, G60 Satellite Internet Incubator, Lingang Pujiang Entrepreneurship and Innovation Park, Lingang Medical Device Innovation Center and HCH Ventures officially joined “International Innovation Synergy and Incubation Alliance”.
Joint incubation contracts have been signed by several top-tier incubators: Startups House and Step Innovation, Peking University International S&T Innovation Center at Lingang and Lingang Science and Technology Investment, ITU Çekirdek Incubation Center and Shanghai Lingang United Development, 22 on Sloane and Lingang Pujiang Entrepreneurship and Innovation Park, USP Innovation Agency and Shanghai Pudong Software Park Incubator. Several letters of intent for project implementation have been signed, covering Nine Dimension Turing Technology and Caohejing Hi-Tech Park, Beijing Haibaichuan Technology and Shanghai Lingang United Development, and Paragraf Ltd and Shanghai Lingang Economic Development Group Technology Investment.
During the keynote speech, Dr. Frederico Lourenco, Vice President of Portfolio Strategy and Operations, Flagship Pioneering, and Prof. Kwang-Geun (James) Lee, Chairman of Asian Association of Business Incubation (AABI) delivered thematic sharing. Mi Lei, Founding Partner of CASSTAR, had in-depth dialogue with Tian Mochen, Founder and CEO of Kiwimoore. Profound dialogues were also created between Dr Tony Raven, Former Chief Executive, Cambridge Enterprise, and Dr Simon Thomas FREng, Fellow of the Royal Academy of Engineering,CEO and Co-Founder, Paragraf Ltd.
In the roundtable discussion on Innovation Models and Cooperation Opportunities for Global Incubation, UBI Global, DMZ, Startups House, Lingang SYNLINX Life Science Professional Incubator, The Drivery GmbH and Xnode discussed on innovation models for global technology incubation.
The Conference was guided by the Torch High Technology Industry Development Center Ministry of Science and Technology, Science and Technology Commission of Shanghai Municipality and Technology Committee, Lin-gang Special Area Administration of China (Shanghai) Pilot Free Trade Zone, and Shanghai Association for Science and Technology, organized by Shanghai Lingang Economic Development and Shanghai Technology Innovation Center, and co-organized by Shanghai Lingang Economic Development Group Technology Investment, Shanghai Technology Business Incubator Association and Step Innovation.
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Artificial Intelligence
MiTAC Computing Technology Achieves Brand Consolidation, Expands Server Business
TAOYUAN, Oct. 1, 2024 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (hereinafter referred to as MiTAC; stock symbol: 3706), has announced that the server brand TYAN® will be integrated with the MiTAC brand. Starting from October 1, 2024, all products will be branded under MiTAC, with the release of a new logo and updated official website. MiTAC Computing Technology Corporation website: http://www.mitaccomputing.com/
MiTAC entered the server ODM industry in 1999 as one of Taiwan’s pioneers in the server market. In 2007, it expanded its presence by acquiring Tyan Computer, building a reputation for designing high-performance motherboards and barebone systems targeting the high-end server market. Following the spinoff of MiTAC’s cloud computing business in 2014, MiTAC Computing Technology was established as a subsidiary of Mitac Holdings under the MiTAC-Synnex Group.
With over two decades of experience in server research, development, manufacturing, and sales, MiTAC Computing Technology has consistently pushed the boundaries of innovation by leveraging top talent and operational efficiency. Committed to earning customer trust and fostering mutual success, MiTAC designs and manufactures high-quality server products for OEMs and Cloud Service Providers (CSPs). Through its leading server brand of TYAN, MiTAC has garnered significant industry appreciations for its extensive expertise and success. Additionally, since July 2023, MiTAC Computing Technology has taken on Intel’s Datacenter Solutions Group (DSG) server business, further expanding its influence in the server market under the MiTAC brand.
Rick Hwang, President of MiTAC Computing Technology, explained that although MiTAC and TYAN serve distinct market segments, their integration under a single brand will streamline distribution strategies, create brand management synergies, and strengthen MiTAC’s overall market presence.
The brand integration process is fully completed by October 1, 2024, consolidating all products under the MiTAC brand. As the demand for generative AI continues to grow, MiTAC Computing Technology is committed to advancing its AI server product line by leveraging its R&D strengths. “Our commitment to delivering superior solutions and service to our customers remains unwavering,” said Rick Hwang. “By unifying our brand, we aim to enhance the value of MiTAC’s offerings, providing a seamless and consistent customer experience across all customers.”
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corp. (TSE:3706), specializes in cloud, AI/HPC and edge computing solutions and has over 30 years of design and manufacturing expertise. With a strong focus on large-scale data centers, MiTAC offers flexible and customized solutions for various systems and applications. Our product lineup includes TYAN servers, ORAN servers, high-performance AI servers, and other data center products.
Originally, MiTAC operated the server channel business under the TYAN brand and began selling Intel DSG server products under the MiTAC brand in July 2023. As of October 2024, we have integrated the TYAN and MiTAC brands to streamline our operations and enhance brand management. MiTAC now serves as the sole brand name for all our products.
MiTAC Computing Technology Corporation website:http://www.mitaccomputing.com/
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Artificial Intelligence
Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit
FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.
“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere.
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
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