Major players in the smart dishwashers market are Samsung, BSH, GE, Whirlpool, LG, Electrolux, Miele & Cie, Robert Bosch GmbH, Panasonic, and Haier Group Corporation.
The global
smart dishwasher market is expected to decline from USD 6.72 billion in
2019 and to USD 6.55 billion in 2020 at a compound annual growth rate (CAGR) of
-2.61%. The decline is mainly due to economic slowdown across countries owing
to the COVID-19 outbreak and the measures to contain it. The market is then
expected to recover and reach USD 8.00 billion in 2023 at CAGR of 6.9%.
The smart dishwashers market consists of sales of smart dishwashers and related services that are used in commercial and household. A smart dishwasher is a linked smart home appliance (such as a smart microwave or smart oven) that gives your regular dishwasher enhanced features, such features can include Wi-Fi access and options for versatility such as voice control from an activated virtual home assistant and mobile controls.
North America was the largest
region in the smart dishwasher market in 2019. Asia Pacific is expected to be
the fastest growing region in the forecast period.
The Wi-Fi enabled smart dishwashers
is a key trend in the smart dishwashers market. The Wi-Fi enabled dish washer
allows owners to manage the cleaning process, enabling them to begin and track
cycles remotely via phone or tablet. For instance, LG Wi-Fi enabled smart
dishwashers come with built-in Smart ThinQ technology that provide mobile
alerts when a process is over. The Smart ThinQ technology is integrated with
Google Assistant and Amazon Alexa, and therefore the status can be checked
through voice commands without the requirement of any manual activities. In
2020, Whirlpool has introduced Whirpool WFC3C24PUK dishwasher with the
company's 6th Sense Technology that uses sensors to detect how dirty the plates
are and change the settings accordingly. The wi-fi enabled smart technology
dishwashers deliver excellent cleaning results with time, energy & water
savings.
The smart dishwashers market covered in this report is segmented by
type into small size freestyle smart dishwashers, large-scale freestyle smart
dishwashers and by applications into household, commercial.
The high repair cost is a key
factor hampering the growth of the smart dishwasher's market. Each brand, for
instance Samsung, Whirlpool, Bosch, among others, has different manufacturing
costs for replacement parts and that can have a drastic effect on repair bill.
The shipping of the required part might be expensive and time-consuming as
well. Also, the repair cost depends on the issues such as faulty codes, faulty
motors, drainage, and worn gasket. Therefore, the high repair cost is expected
to hinder the growth of the smart dishwasher's market.
In June 2018, Whirlpool
Corporation, a USA based company, manufacturers and marketers of major home
appliances in the country, acquired Elica PB India Private Limited for Rs 180
crore in an all-cash deal. Through this acquisition, Whirlpool aims to expand
its portfolio of innovative products with Elica's impressive capabilities in
consumer insights, design, and manufacturing and also broaden its distribution.
Elica PB India Private Limited, an Electrical and Electronic Manufacturing
company located in Maharashtra.
The increasing importance of
kitchen renovation or remodelling is a key factor driving the growth of the
smart dishwasher's market. Changing lifestyles and preferences of consumers due
to rapid urbanization is resulting in kitchen renovation or remodelling. The
interest to create a modular kitchen is leading to the rapid growth of clever
kitchen appliances such as cooking utensils, cookery and dishwasher. According
to Hamerville Media Groupn, the proliferation of smart dishwasher's in U.K and
Germany stood at 43.1% and 54.9% respectively in 2018. Therefore, the
increasing importance of kitchen renovation or remodelling is expected to drive
the growth of the smart dishwasher's market.
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Global
Smart Dishwasher Market
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Ankur Gupta, Head Marketing & Communications
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