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Online On-demand Home Services Market size is set to grow by USD 15.11 trillion from 2024-2028, Advantages of online on-demand home services to boost the market growth, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global online on-demand home services market size is estimated to grow by USD 15.11 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 68.02% during the forecast period. Advantages of online on-demand home services is driving market growth, with a trend towards rising number of advertising and marketing campaigns. However, lack of consumer understanding of on-demand home services poses a challenge. Key market players include Airtasker Pty Ltd., Alfred Club Inc., Amazon.com Inc., Angi Inc., AskforTask Inc., ByNext Inc., Cedar Slate Home Services, Eliza Brazil Cleaning Services, Helpling GmbH and Co. KG, Home Reno Pte. Ltd., HomeServe Plc, Paintzen Inc., Super Home Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, Up Your Home Services Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., Housejoy India Pvt. Ltd., INFERVIZE HOME SERVICES Pvt Ltd., and MyClean Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Service (Home care and design, Repair and maintenance, Health wellness and beauty, and Others), Platform (Mobile application and Website), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Airtasker Pty Ltd., Alfred Club Inc., Amazon.com Inc., Angi Inc., AskforTask Inc., ByNext Inc., Cedar Slate Home Services, Eliza Brazil Cleaning Services, Helpling GmbH and Co. KG, Home Reno Pte. Ltd., HomeServe Plc, Paintzen Inc., Super Home Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, Up Your Home Services Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., Housejoy India Pvt. Ltd., INFERVIZE HOME SERVICES Pvt Ltd., and MyClean Inc.

Key Market Trends Fueling Growth

Vendors in the global online on-demand home services market are utilizing marketing and advertising efforts to expand their customer base and ensure customer satisfaction. Strategies include customizing services to meet individual needs, offering cashback options and gift coupons, and providing discounts for first-time and frequent orders. Amazon Home Services guarantees customer happiness with its Happiness Guarantee, compensating customers if services fail to meet expectations. These marketing tactics, along with new advertisement campaigns, are expected to fuel market growth during the forecast period. 

The Online On-demand Home Services market in Riyadh and Baheya is booming, with companies like Wrench and Oneflare leading the way. Patent-based analysis shows advanced innovations in open innovation, including home automation and contactless service. Emerging players are capitalizing on urbanization trends and tech-savvy consumer lifestyles, offering personalized service through flexible work paradigms. M&A activities continue, with cellular modality and non-cellular modality providers merging for increased efficiency. Home welfare and smartphone penetration drive growth, with AI-driven personalization and remote guidance services becoming increasingly popular. Contactless and safe service, including contactless payment and digital transactions, are key safety protocols. Entrepreneurial opportunities abound in this market, with remote work and personalized recommendations becoming the new norm. 

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Market Challenges

On-demand home services offer convenience and efficiency, but misaligned consumer expectations can hinder market growth. Consumers may not fully grasp the terms of service, pricing models, or the overall process, leading to dissatisfaction. Security concerns and data privacy policies are also important considerations. Lack of awareness about these aspects can prevent consumers from adopting on-demand platforms. Effective communication and marketing are crucial to address these concerns and promote the benefits of on-demand services. Failure to do so may result in resistance from traditional service providers and slow market penetration. Consumers require clear information about the advantages of on-demand home services and how to use these platforms effectively. This understanding is essential to foster seamless adoption and drive growth in the global online on-demand home services market.The Online On-demand Home Services market is experiencing significant growth due to smartphone penetration, urbanization trends, and tech-savvy consumers. Entrepreneurial opportunities abound as homeowners, property managers, and consumers seek convenient, contactless, and safe solutions for plumbing, electrical repairs, landscaping, home improvement, and wellness and beauty services. Service providers can reach a wider audience through digital platforms like Angi Key, Thumbtack, LawnStarter, and Lawn Love. Remote work and flexible pricing structures, including hourly rates, flat fees, and subscription-based models, are driving innovation. Home technologies, such as AI-driven personalization and remote guidance services, enhance the customer experience. Contactless payment and digital transactions ensure safety, while safety protocols prioritize consumer well-being. Industry verticals, including mobile and desktop segments, continue to expand, offering diverse service offerings.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This online on-demand home services market report extensively covers market segmentation by

Service 1.1 Home care and design1.2 Repair and maintenance1.3 Health wellness and beauty1.4 OthersPlatform 2.1 Mobile application2.2 WebsiteGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Home care and design- The home care and design segment of the online on-demand home services market generates revenue through services like interior designing, pest control, cleaning, laundry, deep cleaning, sofa masonry, woodwork, waterproofing, glasswork, and carpentry. This segment is fragmented with numerous small and large players providing a wide array of home care and design services. For instance, TaskRabbit Inc. Offers house cleaning and furniture assembly, Helpling GmbH & Co. KG provides cleaning and furniture assembly services in multiple cities, Cleanly Inc. Specializes in laundry and dry-cleaning, Serviz.com Inc. Offers various cleaning services, and Amazon.com Inc. Provides deep cleaning, carpet cleaning, tile cleaning, grout cleaning, and gutter cleaning. Vendors in this segment are expanding their businesses, such as TaskRabbit’s entry into Jacksonville, Memphis, and New Haven in June 2021. The increasing number of vendors and business expansions will significantly contribute to the growth of the global online on-demand home services market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Southeast Asia online on-demand home services market is rapidly expanding, driven by increasing smartphone penetration and consumer preference for convenience. In the global print-on-demand market demand is soaring due to customization trends and e-commerce growth. This market is projected to grow due to its rising significance in personalized consumer products.

Research Analysis

The Online On-demand Home Services Market is experiencing significant growth due to several factors. Smartphone penetration has made it easier for consumers, homeowners, property managers, and service providers to connect and schedule services in real-time. Urbanization trends and consumer lifestyles have led to an increased demand for convenient and tech-savvy solutions for home repairs and improvements. Entrepreneurial opportunities abound as service offerings expand beyond traditional plumbing, electrical repairs, and landscaping to include home improvement projects. Remote work and the need for contactless and safe services have further accelerated the adoption of online on-demand home services. AI-driven personalization ensures that consumers receive customized recommendations based on their unique needs and preferences. Contactless payment options ensure a seamless and secure transaction process. Overall, the Online On-demand Home Services Market offers a wealth of opportunities for both consumers and service providers.

Market Research Overview

The Online On-demand Home Services market is experiencing exponential growth, driven by smartphone penetration, urbanization trends, and tech-savvy consumers. With the rise of remote work and contactless services, this industry offers significant entrepreneurial opportunities. AI-driven personalization and digital transactions enable contactless and safe service offerings, including plumbing, electrical repairs, landscaping, home improvement, repair and maintenance, wellness and beauty, and more. Service providers cater to homeowners, property managers, and consumers through subscription-based models and flexible pricing structures, such as hourly rates, flat fees, and square footage. Emerging players like Baheya, Riyadh, Wrench, Oneflare, and others are disrupting traditional home services with advanced innovations like patent-based analysis, open innovation, and home technologies. The market is diverse, encompassing various industry verticals, from mobile and desktop segments to home automation and personalized recommendations. Remote guidance services and flexible work paradigms are also gaining popularity, offering consumers convenient and efficient solutions. Safety protocols and contactless payment methods ensure peace of mind during transactions. Overall, the Online On-demand Home Services market is transforming the way we maintain and improve our homes, offering a more personalized, convenient, and safe experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceHome Care And DesignRepair And MaintenanceHealth Wellness And BeautyOthersPlatformMobile ApplicationWebsiteGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Liftoff! NASA’s SpaceX Crew-9 Launches to International Space Station

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WASHINGTON, Sept. 28, 2024 /PRNewswire/ — The two crew members of NASA’s SpaceX Crew-9 mission launched at 1:17 p.m. EDT Saturday, for a science expedition aboard the International Space Station. This is the first human spaceflight mission launched from Space Launch Complex-40 at Cape Canaveral Space Force Station in Florida, and the agency’s ninth commercial crew rotation mission to the space station.

A SpaceX Falcon 9 rocket propelled the Dragon spacecraft into orbit carrying NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The spacecraft will dock autonomously to the forward-facing port of the station’s Harmony module at approximately 5:30 p.m. Sunday, Sept. 29, where Hague and Gorbunov will join Expedition 72 for a five-month stay aboard the orbiting laboratory.

“This mission required a lot of operational and planning flexibility. I congratulate the entire team on a successful launch today, and godspeed to Nick and Aleksandr as they make their way to the space station,” said NASA Administrator Bill Nelson. “Our NASA wizards and our commercial and international partners have shown once again the success that comes from working together and adapting to changing circumstances without sacrificing the safe and professional operations of the International Space Station.”

During Dragon’s flight, SpaceX will monitor a series of automatic spacecraft maneuvers from its mission control center in Hawthorne, California. NASA will monitor space station operations throughout the flight from the Mission Control Center at the agency’s Johnson Space Center in Houston.

NASA will provide live coverage of rendezvous, docking, and hatch opening, beginning at 3:30 p.m., Sept. 29, on NASA+ and the agency’s website. NASA also will broadcast the crew welcome ceremony once Hague and Gorbunov are aboard the orbital outpost. Learn how to stream NASA content through a variety of platforms, including social media.

The duo will join the space station’s Expedition 72 crew of NASA astronauts Michael Barratt, Matthew Dominick, Jeanette Epps, Don Pettit, Butch Wilmore, and Suni Williams, as well as Roscosmos cosmonauts Alexander Grebenkin, Alexey Ovchinin, and Ivan Vagner. The number of crew aboard the space station will increase to 11 for a short time until Crew-8 members Barratt, Dominick, Epps, and Grebenkin depart the space station in early October.

The crewmates will conduct more than 200 scientific investigations, including blood clotting studies, moisture effects on plants grown in space, and vision changes in astronauts during their mission. Following their stay aboard the space station, Hague and Gorbunov will be joined by Williams and Wilmore to return to Earth in February 2025.

With this mission, NASA continues to maximize the use of the orbiting laboratory, where people have lived and worked continuously for more than 23 years, testing technologies, performing science, and developing the skills needed to operate future commercial destinations in low Earth orbit and explore farther from Earth. Research conducted at the space station benefits people on Earth and paves the way for future long-duration missions to the Moon under NASA’s Artemis campaign, and beyond.

More about Crew-9

Hague is the commander of Crew-9 and is making his second trip to the orbital outpost since his selection as an astronaut in 2013. He will serve as a mission specialist during Expedition 72/73 aboard the space station. Follow @AstroHague on X and Instagram.

Roscosmos cosmonaut Aleksandr Gorbunov is flying on his first mission. He will serve as a flight engineer during Expeditions 72/73.

Learn more about NASA’s SpaceX Crew-9 mission and the agency’s Commercial Crew Program at:

https://www.nasa.gov/commercialcrew

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SOURCE NASA

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Global Times: 75 years on, China committed to global common development

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BEIJING, Sept. 28, 2024 /PRNewswire/ — October 1 this year marks the 75th anniversary of the founding of the People’s Republic of China. Over the past 75 years, under the leadership of the Communist Party of China (CPC), the country has undergone tremendous changes, realizing unprecedented development. China has achieved in a few decades what took developed countries several centuries, with its economy now ranking as the second largest in the world. With strenuous efforts, China has realized its first centenary goal – building a moderately prosperous society in all respects.

China’s influence on the world has never been as profound and long-lasting as it is today. Likewise, the world’s attention to China has never been as deep, and focused as it is now.

As globalization deepens, nations are becoming more interdependent, while various global challenges continue to emerge. Humanity faces natural challenges such as climate change and the loss of biodiversity, as well as common global threats like extreme poverty, nuclear proliferation, political extremism, hegemony, and escalating geopolitical conflicts. The need for cooperation has never been more urgent or important than it is today, experts said.

“Where is humanity headed?” has become a significant question concerning the future and destiny for all.

To answer this question, Chinese President Xi Jinping put forward the vision of building a community with a shared future for humanity in 2013. This is seen as China’s solution to addressing global challenges and creating a better future through concerted efforts of the international community. “The common interest of all humankind is in a world united and peaceful rather than divided and volatile,” Xi said, Xinhua News Agency reported.

Building a community with a shared future for humanity is not about replacing one system with another or one civilization with another. Instead, it is about countries with different social systems, ideologies, historical contexts, and levels of development achieving mutual benefits, sharing rights, and jointly bearing responsibilities in international affairs, experts said.

“Unlike the confrontational or competitive approaches that often dominate international relations, this concept advocates for inclusivity and multilateralism,” Hamad Al Hosani, senior researcher at TRENDS Research and Advisory, a think tank of the United Arab Emirates, told the Global Times. “It also reflects a shift from traditional approach to one that embraces a holistic and interconnected global outlook.”

Hosani added that this concept helps address global challenges by focusing on shared responsibilities, such as equitable resource distribution, environmental stewardship, and collective security measures. It encourages countries to promote a sense of global solidarity and cooperation in managing transnational threats.

China’s vision, embodied in initiatives like the Belt and Road Initiative, focuses on infrastructure investment, trade connectivity, and mutual development without imposing political conditions, Hosani told the Global Times, adding that “this reflects a more pragmatic and cooperative approach that respects the individual paths of nations.”

Therefore, the Chinese path offers developing countries an alternative model of engagement, one that values equal partnership and mutual benefit rather than hierarchical or conditional relationships. “This has attracted many countries, particularly in the Global South, to China’s approach, which they see as less intrusive and more respectful of their developmental needs and choices,” Hosani said.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times that China has provided substantial aid to the Global South over the past decade and established various organizations such as the Asian Infrastructure Investment Bank (AIIB), which reflect China’s principles of equality, inclusiveness, cooperation, and sustainability.

For a better world

Over the 11 years since the concept of building a community with a shared future for humanity was proposed, China has been both an advocate and a practitioner. Through joint efforts, the Belt and Road Initiative (BRI) has transformed from a Chinese proposal to an international practice, from an idea to concrete actions. It has not only brought tangible benefits to the participating countries but also contributed positively to promoting healthy globalization, addressing global development challenges, and improving global governance.

Projects such as the China-Pakistan Economic Corridor, China-Europe Railway Express, China-Laos Railway, Jakarta-Bandung High-Speed Railway, Piraeus Port, Kopa wind power project have greatly benefited local people. By the end of June 2023, China had signed over 200 cooperation documents with more than 150 countries across five continents and over 30 international organizations under the BRI framework, creating countless iconic projects as well as smaller, people-centered projects.

Bojan Lalic, director of the Belt and Road Institute in Belgrade, told the Global Times that different from the West’s selective alliances, China has opted for a path of inclusive multilateralism, advocating for broader cooperation and promoting inclusive frameworks such as the BRI to facilitate development across numerous nations.

“As developing countries increasingly engage with China, a shift in global power dynamics may occur, enabling a multipolar world where various development models coexist,” Lalic said.

Under the vision of building a community with a shared future for humanity, President Xi proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative successively from 2021 to 2023. These three initiatives focus on addressing global development challenges, eliminating global security dilemmas, and promoting exchanges and mutual learning among civilizations.

So far, more than 100 countries and international organizations have voiced support for the Global Development Initiative, with over 70 countries joining this “Group of Friends.” More than 200 development cooperation projects have yielded results, according to the People’s Daily Overseas Edition.

UN Secretary-General António Guterres praised the Global Development Initiative as a “valued contribution to addressing common challenges and accelerating the transition to a more sustainable and inclusive future.”

 

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SOURCE Global Times

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Sungrow Liquid-Cooled ESS PowerTitan 2.0 is Set to Unleash the AC Block Era

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LONDON, Sept. 28, 2024 /PRNewswire/ — Recently, 66 sets of Sungrow’s energy storage system, PowerTitan 2.0, arrived in the UK, demonstrating its acceleration of energy storage deployment in Europe. In the Middle East, over 1,500 sets of PowerTitan 2.0 are set for deployment, contributing to one of the world’s largest energy storage projects with a capacity of 7.8 GWh. Similarly, in Asia, multiple PowerTitan 2.0 projects have been successfully commissioned, showcasing impressive performance in cost reduction, safety, grid forming, etc. PowerTitan 2.0 is being rapidly gaining global traction, pioneering the energy storage industry’s transition into the AC Block era.

What is the AC Block?

PowerTitan 2.0 introduces the revolutionary AC Block, which integrates a 5 MWh battery with a 2.5 MW PCS into a standard 20-foot container, a significant departure from the traditional method of separating direct current battery systems and alternating current PCS systems. This integration goes beyond just rearranging components; it involves efficiently combining the battery, PCS, fire suppression systems, and other modules while pushing the boundaries of spatial design. According to a report by S&P Global Commodity Insight, only three companies worldwide, including Sungrow, currently provide authentic AC Block solutions.

Dr. James Li, Sungrow ESS Director for Europe, stated that the success of PowerTitan 2.0 is significantly attributed to Sungrow’s fully self-developed PACK/BMS/PCS/EMS technologies, driving innovation through a foundational logic and holistic design approach. Moreover, PowerTitan 2.0 revolutionizes PACK structures and production processes, reducing the width of each PACK by 40mm for a more compact layout. Additionally, each cabinet houses 12 small standardized PCS units, matching the size specifications of PACKs for efficient space utilization. These benefits and innovations make the AC Block concept feasible.

With a more compact structure, increased heat dissipation challenges arise. PowerTitan 2.0 addresses this with a Fully Liquid-Cooled solution for battery PACKs and PCS units, ensuring rapid heat dissipation and extending system longevity.

The AC Block: An Optimal Choice

“In the operational projects, PowerTitan 2.0 demonstrates its exceptional competitiveness,” said Dr. James Li. It saves 29% on land usage, requiring only 2000 square meters for a hundred-megawatt-hour system, significantly reducing land costs. The all-in-one AC-DC block design streamlines deployment with embedded PCSs, pre-assembled components, MVT, and comprehensive factory testing to reduce installation time onsite.

Thanks to its innovative AC-DC block design, PowerTitan 2.0 increases the system’s round-trip efficiency (RTE) by 2%, boosts the total discharge volume over the entire lifecycle by 8%, and reduces fault losses by 92%. Moreover, standardized short cable connections between batteries and PCS in a fully liquid-cooled cabinet, along with advanced AI-based battery health management and ArcDefender Technology, effectively minimize thermal runaway and arcing risks, ensuring overall cabinet safety.

The system also incorporates the latest Stem Cell Grid Tech, enabling seamless 0ms grid switching, and active harmonic absorption. It has been widely deployed in global projects such as the SPP Hybrid project in Thailand, the Dalia project in the Middle East, and China’s offshore grid-forming energy storage project in Guangxi. The solution plays a vital role in supporting the smooth operation of new power systems. Notably, PowerTitan 2.0 operates with low noise levels below 75 dBA, utilizing carefully selected biodegradable or renewable transformer oil, refrigerants, and fire extinguishing agents, aligning with environmental sustainability.

Looking ahead, with continuous product innovation and further cost reductions, AC Blocks represented by PowerTitan 2.0 will become the optimal choice in the energy storage market and driving the global energy transition.

Contact:
Mina Zhang
mina.zhang@cn.sungrowpower.com

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