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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Ankur Gupta, Head Marketing & Communications