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New York, May 19, 2023 (GLOBE NEWSWIRE) — As per the research report “Global Residential Washing Machines Market” published by Consegic Business Intelligence, the market was worth USD 27,067.21 Million in 2022 and is anticipated to reach over USD 50,467.09 Million by the year 2030, growing at a CAGR of 8.4%.
A washing machine is a home appliance that is deployed in households to wash daily clothes and laundry. Residential washing machines aid in reducing the manual labor and are highly convenient to use and time-saving. The washing machines in the market are available as fully automatic, semi-automatic and dryers. Fully-automatic washing machines are gaining popularity among consumers due to its ability to wash clothes without human intervention.
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Global Residential Washing Machines Market Size, Share & Trends Analysis, By Operation (Fully-Automatic and Semi-Automatic), Product Type (Front Loading, Top Loading, Dryers, and Washer Dryer), Technology (Smart Connected and Conventional), Capacity (Up to 6 Kg, 6.1-8Kg, and Above 8Kg), Pricing (Low, Medium, and Premium), Sales Channel (Online and Offline), and By Region, Forecast Period 2023 – 2030.
The changing lifestyle of consumers is driving the growth of global residential washing machines market. Consumers are increasingly preferring fully-automatic washing machines in order to save time and effort. Moreover, technological advancements in washing machines such as remote control and voice control features is accelerating the growth of the market. For instance, in March 2023, Haier Inc. introduced a new line-up of anti–scaling top load washing machines for 8 kg and 9 kg capacity featuring anti-scaling technology to provide efficient, simple, and effortless washing experience. Thus, continuous advancements in technology have resulted in the growth of residential washing machines market.
The incorporation of advanced technologies such as the Internet of Things (IoT) in washing machines is providing significant growth opportunities for the growth of residential washing machines market. The growing adoption of smart home devices is expected to drive the demand for residential washing machines that are easily connected to smartphones or other home appliances. Consequently, the market for residential washing machines is expected to grow during the forecast period. However, the presence of on-demand laundry services is restraining the growth of the market.
|Report Attributes||Report Details|
|Market Size By 2030||USD 50,467.09 Million|
|Key Players||Electrolux AB, Whirlpool Corporation, Godrej Industries Ltd, Haier Group Corp, IFB Industries Ltd., LG Electronics Inc., Mirc Electronics Limited, Panasonic Corporation, Samsung Electronics Co. Ltd., Whirlpool Corporation|
|By Operation||Fully-Automatic and Semi-Automatic|
|By Product Type||Front Loading, Top Loading, Dryers, and Washer Dryer|
|By Technology||Smart Connected and Conventional|
|By Capacity||Up to 6 Kg, 6.1-8 Kg, and Above 8 Kg|
|By Pricing||Low, Medium, and Premium|
|By Sales Channel||Online and Offline|
|Report Coverage||Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more|
|By Region||North America, Europe, Asia-Pacific, Latin America, Middle East & Africa|
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Key Market Highlights
- The global residential washing machines market size is estimated to reach USD 50,467.09 Million by 2030 and grow at a CAGR of 8.4% during the forecast period (2023-2030).
- Globally, residential washing machines are divided based on the operation into fully-automatic and semi-automatic.
- In the context of product type, the market is separated into front loading, top loading, dryers, and washer dryer.
- Based on the technology, the market is segregated into smart connected and conventional.
- In the context of capacity, the market is separated into Up to 6 Kg, 6.1-8Kg, and above 8Kg.
- Based on the pricing, the market is segregated into low, medium, and premium.
- Based on the sales channel, the market is divided into online and offline.
- The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
- Asia Pacific and North America are estimated to support the market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in residential washing machines market.
Residential Washing Machines Market Growth Drivers:
- Rising demand for washing machines as a result of changing consumer lifestyles is driving the market growth.
- The increasing government initiatives to promote the adoption of energy-efficient home appliances is propelling the growth of the market.
- Environmental concerns associated with washing machines restrain the market growth.
- The implementation of tariffs on international consumer goods including washing machines impedes the domestic market growth.
- The integration of advanced technologies such as Artificial Intelligence (AI) in washing machines is expected to present potential opportunities for the growth of residential washing machines market.
Global Residential washing machines Market Segmentation Details:
Based on Operation, the fully-automatic segment contributed the largest shares to the market growth in 2022. The ability of fully-automatic washing machines to wash clothes without any supervision by the user is driving the growth of the market. Fully-automatic washing machines are have the ability to perform washing and drying procedures in the same drum, thereby proving convenience to the user.
Based on Product Type, top-loading washing machine segment offered substantial shares to the global residential washing machines market in the year 2022. The ability of top-load washing machines to provide faster cycle times for washing clothes is driving the growth of the market. Top-load washing machines allow consumers to add or remove clothes in the middle of the washing cycle, thereby contributing to the growth of the market.
Based on Technology, the conventional washing machines segment contributed the largest shares to the market growth in 2022. The ability of conventional washing machines to perform basic cleaning tasks is driving the growth of residential washing machines market. Conventional washing machines provide high load capacity suitable for majority of homeowners. Moreover, customers lacking technical knowledge prefer conventional washing machines that further results in the market growth.
Based on Capacity, the 6.1-8kg segment contributed the largest shares to the market growth in 2022. Washing machines with capacity 6.1-8kg is well-suited for majority of middle-class households based on the strength, capacity, and power requirements of the users. Moreover, the washing machines are available in front-load and top-load options that further attracts a large number of customers towards this segment.
Based on Pricing, medium priced washing machines segment offered substantial shares to the global residential washing machines market in the year 2022. The growing affordability of washing machines is accelerating the growth of the market. Middle-class population prefer washing machines that provides effective and efficient cleaning of clothes rather than washing-machines equipped with advanced functionalities and features. Consequently, medium-priced washing machines contributes the largest shares to the residential washing machines market.
Based on Sales Channel, the offline segment contributed the largest shares to the market growth in 2022. Customers have a tendency to purchase expensive home appliances such as washing machines from offline stores as they prefer to test the product physically before purchasing. Moreover, the salesperson in specialty stores, hypermarkets and supermarkets provide accurate guidance to the customers according to their interests and choices.
Based on region, The Asia-Pacific region has been a major contributor to the growth of residential washing machines market. The changing consumers’ lifestyle due to hectic schedules has resulted in the increased demand for residential washing machines that provide ease and convenience to the customers. Moreover, continuous advancements in technology such as remote control is further attracting a large section of population towards this segment.
- In July 2022, Samsung delivers smart and sustainable solutions by launching AI Washer and Dryer that saves users energy, resources and costs.
- In November 2022, Godrej Appliances expanded its premium range of fully automatic top-load washing machines with the 5-Star rated Eon Velvet range to wash all kinds of clothes and stains.
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List of Major Global Residential Washing Machines Market Players
The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —
- Electrolux AB
- Whirlpool Corporation
- Godrej Industries Ltd.
- Haier Group Corp
- IFB Industries Ltd.
- LG Electronics Inc.
- Mirc Electronics Limited
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
Global Residential Washing Machines Market Segmentation:
- By Operation
- By Product Type
- Front Loading
- Top Loading
- Washer Dryer
- By Technology
- Smart Connected
- By Capacity
- Up to 6 Kg
- 6.1-8 Kg
- Above 8 Kg
- By Pricing
- By Sales Channel
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Key Questions Covered in the Residential Washing Machines Market Report
- What is residential washing machine?
– Residential washing machines are the appliances used to wash various types of clothes without applying any physical efforts. Washing machines are used to remove stains from the clothes by applying a centrifugal force. Thus, residential washing machines provide ease and convenience to the customers for washing clothes.
- What will be the potential market valuation for the industrial food processing machines market industry by 2030?
– The market for global industrial food processing machines is expected to reach USD 50,467.09 Million in 2030 growing at a CAGR of 8.4% due to increasing demand for washing machines in households as a result of changing consumer lifestyle.
- What specific segmentation details are covered in the residential washing machines market report, and how is the fastest segment anticipated to impact the market growth?
– The report consists of segments including Operation, Product Type, Technology, Capacity, Pricing, and Sales Channel. Each segment is projected to have the fastest-growing sub-segment being fueled by industry trends and drivers. For instance, by operation segment has witnessed fully-automatic washing machines as the fastest-growing segment due to its ability to wash clothes automatically without any human supervision.
- Which region contributes the largest shares to the residential washing machines market?
– The Asia-Pacific region accounted for the largest revenue share in the year 2022 due to ease and convenience offered by residential washing machines to customers. Moreover, the increasing government initiatives to promote the adoption of energy-efficient home appliances is accelerating the growth of the regional market.
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About Consegic Business Intelligence Pvt Ltd
Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.
Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.
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Cisco Doubles Down on Network Assurance with AWS
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research
The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
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The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers
WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.
Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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- Cisco Doubles Down on Network Assurance with AWS
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