Market Overview:
The global inverter washing machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances, rising disposable income, and growing awareness about environment-friendly products. In terms of type, the inverter drum washing machine segment is expected to lead the global inverter washing machines market during the forecast period. This segment is projected to grow at a CAGR of 6% during the forecast period. In terms of application, household use is expected to be the largest segment in terms of revenue contribution in 2018 and it is also projected to grow at a CAGR of 5%.
Product Definition:
An inverter washing machine is a type of washing machine that uses an inverter to convert alternating current (AC) into direct current (DC). This allows the washing machine to run more efficiently and use less energy.
Inverter Drum Washing Machine:
Inverter Drum Washing Machine, it's usage and growth factor in Inverter Washing Machines market? inverter washing machine market size, Share & Trends Analysis Report By Product (Wash-dryer Combination, Top loaders), By Region (North America, Europe), And Segment Forecasts, 2019 - 2025 -> The global inverter drum washing machine market size was valued at USD 2.5 billion in 2018.
Inverter Pulsator ashing Machine:
An inverter pulsator ashing machine is a special type of detergent dispensing machine which uses high frequency sound waves to remove the soil from the clothes. These machines are mostly used in combination with inverter washing machines and they provide better performance as compared to standard mechanical washing equipment.
Application Insights:
The household use segment dominated the global inverter washing machines market in 2017. The growth of this segment can be attributed to increasing consumer preference for energy-efficient products as well as a result of rising disposable income. In addition, high product demand from developing countries such as India and China is expected to drive the industry over the forecast period.
Commercial application is anticipated to witness significant growth over the forecast period owing to an increase in commercial building construction across various regions including North America and Europe. Furthermore, growing awareness regarding cost-effectiveness along with a reduction in water treatment costs by 60% has boosted market penetration across commercial spaces such as hospitals, hotels and restaurants among others. Increasing investments by governments for promoting tourism are likely to contribute significantly towards increased spending on hotel construction which will eventually benefit product demand globally over the coming years.
Regional Analysis:
Asia Pacific dominated the global inverter washing machines market in 2017. The region is expected to continue its dominance over the forecast period as well. Increasing disposable income and growing population have spurred demand for consumer electronics, such as smartphones and tablets among consumers of developing countries including China, India, Bangladesh, Indonesia, Pakistan and Sri Lanka. This has led to a surge in product sales of inverter washing machines with drum type motors across these regions.
The Asia Pacific regional market is characterized by high growth opportunities for premium compact design products owing to increasing awareness regarding energy conservation along with rising government initiatives favoring domestic manufacturing activities within each respective country-level jurisdiction. Moreover North America also presents significant growth opportunities due to strong brand presence of brands like LG Electronics Inc.; Samsung Group; Haier Inc.; Godrej; Electrolux Home Appliances Ltd., Westinghouse Electric Corporation; Carrier Corporation; Honeywell International Inc.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global Inverter Washing Machines market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, especially in developed countries.
- Rising disposable income and changing lifestyle: Another key growth driver for this market is the rising disposable income and changing lifestyle of consumers, especially in developing countries such as China and India. This has led to an increase in the demand for premium washing machines that offer better performance and features.
- Technological advancements: The advancement of technology has also played a major role in driving the growth of this market, with manufacturers launching new products with advanced features such as Wi-Fi connectivity, app control, etc., to cater to consumer needs.
- Growing awareness about environment-friendly appliances: There is also growing awareness among consumers about environment-friendly appliances, which has led them to prefer Inverter Washing Machines over traditional ones due its superior efficiency levels and low power consumption rates
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Washing Machines Market Research Report
By Type
Inverter Drum Washing Machine, Inverter Pulsator ashing Machine
By Application
Household Use, Commercial Use
By Companies
LG, Haier, Whirlpool, Midea, Electrolux, Samsung, Panasonic, BSH, Hitachi, Toshiba, LG, Hisense Kelon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Washing Machines Market Report Segments:
The global Inverter Washing Machines market is segmented on the basis of:
Types
Inverter Drum Washing Machine, Inverter Pulsator ashing Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG
- Haier
- Whirlpool
- Midea
- Electrolux
- Samsung
- Panasonic
- BSH
- Hitachi
- Toshiba
- LG
- Hisense Kelon
Highlights of The Inverter Washing Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inverter Drum Washing Machine
- Inverter Pulsator ashing Machine
- By Application:
- Household Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inverter Washing Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An inverter washing machine is a type of washing machine that uses an electric motor to spin the drum instead of a water pump. This type of washing machine is often more energy-efficient than traditional washers, which can save you money on your utility bills. Inverter washers are also quieter than traditional machines, so they may be a good choice if you're looking for an appliance that will minimize noise levels in your home.
Some of the key players operating in the inverter washing machines market are LG, Haier, Whirlpool, Midea, Electrolux, Samsung, Panasonic, BSH, Hitachi, Toshiba, LG, Hisense Kelon.
The inverter washing machines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inverter Washing Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Inverter Washing Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inverter Washing Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Inverter Washing Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Inverter Washing Machines Market Size & Forecast, 2020-2028
4.5.1 Inverter Washing Machines Market Size and Y-o-Y Growth
4.5.2 Inverter Washing Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Inverter Drum Washing Machine
5.2.2 Inverter Pulsator ashing Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inverter Washing Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inverter Washing Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Inverter Drum Washing Machine
9.6.2 Inverter Pulsator ashing Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Inverter Drum Washing Machine
10.6.2 Inverter Pulsator ashing Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Inverter Drum Washing Machine
11.6.2 Inverter Pulsator ashing Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Inverter Drum Washing Machine
12.6.2 Inverter Pulsator ashing Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Inverter Drum Washing Machine
13.6.2 Inverter Pulsator ashing Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inverter Washing Machines Market: Competitive Dashboard
14.2 Global Inverter Washing Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG
14.3.2 Haier
14.3.3 Whirlpool
14.3.4 Midea
14.3.5 Electrolux
14.3.6 Samsung
14.3.7 Panasonic
14.3.8 BSH
14.3.9 Hitachi
14.3.10 Toshiba
14.3.11 LG
14.3.12 Hisense Kelon
