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Commercial Washing Machines Market to Grow $5.08 Billion by 2031, Driven by Increasing Demand and Technological Innovations: Market Research Intellect

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LEWES, Del., Oct. 18, 2024 /PRNewswire/ — The Commercial Washing Machines Market is driven by increasing demand from the hospitality, healthcare, and laundry service industries for efficient, high-capacity cleaning solutions. Technological advancements, such as energy-efficient models and smart washing machines with automation features, enhance operational efficiency and reduce water and energy consumption. Additionally, the growing emphasis on hygiene and cleanliness, particularly post-pandemic, is further fueling the need for commercial washing machines, leading to sustained market growth.

The Commercial Washing Machines Market Size was valued at USD 3.63 Billion in 2023 and is expected to reach USD 5.08 Billion by 2031, growing at a 3.5% CAGR from 2024 to 2031. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Whirlpool Corporation, Electrolux AB, LG Electronics, Miele & Cie. KG, Siemens AG, Dexter Laundry, Inc., Rinnai Corporation, Speed Queen, Maytag Commercial Laundry, and Panasonic Corporation.

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Commercial Washing Machines Market Overview

Market Size and Growth Potential
The Commercial Washing Machines Market was valued at USD 3.63 billion in 2023 and is projected to reach USD 5.08 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. This growth is driven by increasing demand for efficient laundry solutions across various sectors, including hospitality, healthcare, and industrial laundry services. As businesses prioritize cleanliness and hygiene, the need for high-capacity, energy-efficient washing machines has surged. The market’s potential is further amplified by technological advancements that improve washing machine performance and reduce operational costs. Additionally, the rising trend of commercial laundry outsourcing among businesses is expected to contribute significantly to market growth. With a favorable economic outlook and increasing investments in laundry infrastructure, the commercial washing machines sector is poised for robust growth in the coming years.Technological Advancements
Technological advancements are revolutionizing the Commercial Washing Machines Market, enabling manufacturers to develop innovative solutions that cater to evolving customer needs. Features such as smart technology, IoT connectivity, and automation are enhancing operational efficiency and user experience. Smart washing machines allow users to remotely monitor and control laundry cycles, optimize energy consumption, and track maintenance schedules, resulting in reduced operational costs. Additionally, energy-efficient models are designed to minimize water and energy usage without compromising cleaning performance. These advancements not only address environmental concerns but also help businesses save on utility bills. Moreover, advancements in washing machine designs, such as improved drum technology and higher spin speeds, are contributing to faster drying times and superior cleaning results. As these technologies continue to evolve, they will play a crucial role in shaping the future of the commercial washing machines market.Segment Analysis
The Commercial Washing Machines Market is segmented into various categories based on type, capacity, and end-use industry. Key segments include front-loading and top-loading washing machines, with front-loading models gaining popularity due to their efficiency and lower water consumption. Capacity segmentation ranges from small to large machines, catering to diverse operational needs across industries. The end-use segment encompasses hospitality (hotels and restaurants), healthcare (hospitals and clinics), and industrial laundry services. Each segment exhibits unique growth drivers; for instance, the healthcare sector demands stringent hygiene standards, leading to increased investments in commercial washing machines. The hospitality industry prioritizes efficient, high-capacity solutions to handle large volumes of laundry. Understanding these segments allows manufacturers to tailor their products and marketing strategies to meet the specific demands of each industry, enhancing their competitive positioning within the market.Regional Insights
Geographically, the Commercial Washing Machines Market is experiencing diverse growth patterns. North America holds a significant market share, driven by established hospitality and healthcare sectors that prioritize efficient laundry solutions. The U.S. is a key player, with high investments in commercial washing machine infrastructure. Europe follows closely, with countries like Germany and the U.K. focusing on energy-efficient and technologically advanced washing solutions. In contrast, the Asia-Pacific region is witnessing rapid growth, fueled by increasing urbanization, rising disposable incomes, and expanding laundry service industries in countries like China and India. Latin America and the Middle East are also emerging markets, driven by improving economic conditions and increasing demand for hygiene in various sectors. As businesses across these regions invest in modern laundry solutions, the commercial washing machines market is poised for substantial growth on a global scale.
Download Sample Report Now: https://www.marketresearchintellect.com/download-sample/?rid=154000Market Drivers
Several factors are driving the growth of the Commercial Washing Machines Market. The increasing focus on hygiene and cleanliness, particularly in the post-pandemic world, has heightened demand for efficient and reliable laundry solutions across various sectors. Additionally, the growing hospitality and healthcare industries are major contributors, as these sectors require high-capacity washing machines to manage large volumes of laundry. Technological advancements, including smart washing machines that optimize energy and water usage, further drive market demand. Furthermore, the trend of outsourcing laundry services is gaining traction among businesses, creating additional opportunities for commercial washing machine manufacturers. Rising environmental concerns also push businesses toward energy-efficient machines that reduce their carbon footprint. Collectively, these drivers are expected to shape the market’s trajectory in the coming years.Challenges and Restraints
Despite the promising growth outlook, the Commercial Washing Machines Market faces several challenges. One significant concern is the high initial investment required for advanced washing machines, which may deter smaller businesses from upgrading their equipment. Additionally, the ongoing supply chain disruptions and rising raw material costs can impact manufacturing and pricing strategies. Another challenge lies in the rapid technological advancements; manufacturers must continuously innovate to stay competitive, which can strain resources. Furthermore, the market is characterized by a high level of competition, leading to price wars that may affect profit margins. Lastly, differing regulations across regions regarding energy efficiency and waste management can complicate market entry for manufacturers looking to expand globally. Addressing these challenges is essential for sustained growth and profitability in the commercial washing machines sector.Future Trends
The future of the Commercial Washing Machines Market is poised for exciting developments driven by ongoing trends and innovations. The rise of smart washing machines equipped with IoT technology will enhance connectivity, allowing users to monitor and control their machines remotely. This trend will facilitate better energy management and predictive maintenance, reducing downtime and operational costs. Additionally, sustainability will become increasingly important, with manufacturers focusing on eco-friendly materials and energy-efficient designs to meet regulatory standards and consumer preferences. The demand for multi-functional machines capable of handling various fabrics and washing requirements is also expected to grow. Furthermore, the market may see a rise in subscription-based laundry services as businesses seek convenience and efficiency. As these trends evolve, they will shape the landscape of the commercial washing machines market, offering new opportunities for innovation and growth.Competitive Landscape
The competitive landscape of the Commercial Washing Machines Market is characterized by a mix of established players and emerging companies striving to capture market share. Key players include Whirlpool Corporation, Electrolux AB, LG Electronics, and Miele & Cie. KG, which dominate the market with their innovative product offerings and strong distribution networks. These companies invest heavily in research and development to introduce advanced washing machines that cater to evolving customer needs. Additionally, smaller and regional manufacturers are gaining traction by providing cost-effective solutions tailored to local markets. Strategic partnerships, collaborations, and mergers and acquisitions are common strategies employed by companies to enhance their product portfolios and expand their geographic reach. As competition intensifies, firms are focusing on sustainability, energy efficiency, and smart technology integration to differentiate themselves and capture a larger share of the growing commercial washing machines market.

Geographic Dominance:

The Commercial Washing Machines Market exhibits significant geographic dominance, with North America and Europe leading in market share due to established industrial and commercial sectors. In North America, the United States stands out as the primary market, driven by a robust hospitality industry, healthcare facilities, and the demand for efficient laundry solutions. The focus on cleanliness and hygiene, particularly in the post-pandemic landscape, has further accelerated growth in this region. Europe follows closely, with countries like Germany, France, and the United Kingdom investing heavily in advanced commercial washing technology. The European market emphasizes energy efficiency and sustainability, leading to a demand for eco-friendly washing machines that comply with stringent regulations. The Asia-Pacific region is emerging as a key growth area, fueled by rising urbanization, increased disposable income, and a booming laundry service industry in countries such as China and India. As businesses and consumers alike seek convenient and efficient laundry solutions, the region is expected to see substantial market expansion.

Commercial Washing Machines Market Key Players Shaping the Future

Key players shaping the future of the Commercial Washing Machines Market include Whirlpool Corporation, Electrolux AB, LG Electronics, Miele & Cie. KG, Siemens AG, Dexter Laundry, Inc., Rinnai Corporation, Speed Queen, Maytag Commercial Laundry, and Panasonic Corporation.

Commercial Washing Machines Market Segment Analysis

The Commercial Washing Machines market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

1. By Type

Front-Loading Washing Machines: Known for their energy efficiency and superior cleaning capabilities, these machines are widely used in commercial settings.Top-Loading Washing Machines: Generally easier to load and unload, these machines are favored in some commercial applications for their convenience.Stackable Washing Machines: Designed to save space, stackable models are ideal for establishments with limited floor space.Washer-Dryer Combos: These units provide both washing and drying functions, offering versatility in laundry operations.

2. By Application

Hospitality: Hotels and restaurants require high-capacity machines to handle large volumes of linens and uniforms.Healthcare: Hospitals and clinics need efficient washing solutions to maintain hygiene standards for medical linens and garments.Industrial Laundries: These facilities serve multiple clients, demanding robust machines for high-volume operations.Residential Laundromats: Self-service laundromats rely on commercial machines to provide effective laundry solutions for the public.

3. By Geography

North America: Dominated by the U.S. and Canada, with significant investments in laundry infrastructure.Europe: Features strong markets in Germany, the U.K., and France, focusing on energy-efficient solutions.Asia-Pacific: Rapid growth driven by urbanization and rising disposable incomes, especially in China and India.Latin America: Emerging markets are witnessing steady growth due to improving economic conditions.Middle East and Africa: Growing demand for hygiene in hospitality and healthcare sectors is boosting market expansion.         

Manufacturing and Construction:

The Manufacturing and Construction segment of the Commercial Washing Machines market plays a crucial role in driving production efficiencies and enhancing product quality. Manufacturers are increasingly adopting advanced technologies and methodologies to produce high-capacity, energy-efficient washing machines tailored for commercial use. The integration of automation and robotics in the manufacturing process not only improves operational efficiency but also reduces production costs, enabling companies to deliver competitive pricing to end-users. In the construction sector, commercial washing machines are becoming essential in facilities that require rigorous cleaning standards, such as hotels, hospitals, and industrial laundries. These environments demand machines that can handle heavy loads while ensuring thorough sanitation. The focus on sustainable construction practices is also influencing the market, as manufacturers are incorporating eco-friendly materials and energy-efficient designs to align with regulatory standards and consumer preferences. Additionally, as commercial laundry operations expand globally, there is an increased emphasis on building robust supply chains to ensure timely availability of parts and maintenance services. Manufacturers are investing in R&D to innovate products that address specific needs in the construction and manufacturing sectors, including durability, ease of use, and low maintenance requirements.   

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About Us: Market Research Intellect

Welcome to Market Research Intellect, where we lead the way in global research and consulting, proudly serving over 5,000 esteemed clients worldwide. Our mission is to empower your business with cutting-edge analytical research solutions, delivering comprehensive, information-rich studies that are pivotal for strategic growth and critical revenue decisions.

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Halcyon Financial Technology, L.P. Earns Great Place To Work Certification™ Two Years Running

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For the second year in a row, Halcyon Financial Technology, L.P. (“HalcyonFT”) has earned Great Place To Work® certification. The prestigious award is based entirely on what current employees say about their experience working at the company. As in the previous year, 100% of HalcyonFT employees said the company is a great place to work, compared to just 57% at a typical U.S. company.

SAN FRANCISCO, Oct. 18, 2024 /PRNewswire-PRWeb/ — Founded in 2010, HalcyonFT provides IT solutions to private equity, family office, and investment management firms, serving firms with a collective AUM of more than $550 billion. The company’s name, which describes an idyllically happy and peaceful time, represents the firm’s commitment to fostering a positive workplace culture and building strong relationships with clients and partners.

“Employees are key to HalcyonFT’s success, so we work hard to build a corporate culture that values and empowers our team members,” said Rodric O’Connor, Founder and Managing Partner.

“Employees are key to HalcyonFT’s success, so we work hard to build a corporate culture that values and empowers our team members,” said Rodric O’Connor, Founder and Managing Partner. “Earning the Great Place to Work certification two years in a row validates these efforts and confirms that we’re on the right track.”

Steffany Hofmeister, Director of People & Culture, points to HalcyonFT’s intentionally collaborative environment, where “every team member is important, equal, and valued.” Under her direction, the company organizes events, team meetings, dinners, and philanthropic events to boost morale and build the team. She notes this work is particularly important, given that much of the team’s work is performed remotely.

For details about HalcyonFT’s Great Place To Work Certification™, visit https://www.greatplacetowork.com/certified-company/7056246.

About Halcyon Financial Technology

Halcyon Financial Technology, L.P. (“HalcyonFT”), is an information technology services firm founded in 2010 by industry veteran Rodric O’Connor. Focused exclusively on serving financial services firms, HalcyonFT delivers outsourced IT solutions with a comprehensive understanding of industry trends, challenges, and expectations. HalcyonFT offers an unparalleled degree of professional IT service encompassing top-level strategic leadership from an award-winning CTO, along with the deep knowledge and focus of all staff in the specific requirements of the financial services industry. For more information, please visit http://www.halcyonft.com.

About Great Place to Work Certification™

Great Place To Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike.

About Great Place To Work®

As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Learn more at greatplacetowork.com.

Media Contact

Steffany Hofmeister, Halcyon Financial Technology, L.P., 1 628-226-8158, steffany.hofmeister@halcyonft.comhttps://www.halcyonft.com/

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SOURCE Halcyon Financial Technology, L.P.

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Artera Announces New AI Products and Harmony Platform Enhancements

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Two New AI Co-Pilots for Staff and Insights Offered Alongside 
Multiple Artera Harmony Platform Updates

SANTA BARBARA, Calif., Oct. 18, 2024 /PRNewswire/ — Artera, the leader in patient communications and trusted partner to more than 800 healthcare organizations, unveiled its latest AI products at the Artera Heartbeat Annual Customer Conference. With a mission to make healthcare number one in customer service, Artera announced two new AI-powered products — Artera Staff AI Co-Pilot and Artera Insights AI Co-Pilots — and significant updates to its award-winning patient communications platform, Artera Harmony.

These advancements aim to enhance patient experience, streamline healthcare operations and reduce administrative burden.

Artera Staff AI Co-Pilot: 
The Artera Staff AI Co-Pilot is designed using healthcare conversational data to assist administrative staff in managing patient communications faster and more accurately. The Staff AI Co-Pilot includes four skills to improve patient communications, increase response time and reduce administrative staff burden:

Translation: Provides culturally-relevant, real-time translation for inbound patient messages and outbound staff responses using the patient’s preferred language, ensuring the language is never a barrier to care.Predictive Text: Offers real-time text suggestions to help staff respond faster and more accurately to patient inquiries.Message Shortening: Helps rewrite longer messages, optimizing the messages for brevity and clarity, and reduces the number of overall messages sent to patients.Conversation Summaries: Summarizes patient conversations, making it easier for staff to summarize and document conversation history, including saving in Electronic Health Record (EHR) systems.Available now with Artera Harmony.

Artera Insights AI Co-Pilot:
Designed to help healthcare organizations make data-driven decisions, the Artera Insights AI Co-Pilot analyzes patient engagement data to provide actionable insights and timely recommendations. Currently available are:

Smart No-Show Reports: Using predictive analytics, Smart No-Show Reports identify patients at risk for missing appointments, offering healthcare providers the opportunity to intervene, engage and ideally improve care. Available now with Artera Harmony.

Coming in Q1 2025:

Smart No-Show Inbox: Expands on the Smart No-Show Reports by visually tagging within the Inbox anyone at risk for no-shows.Smart No-Show Trigger: Automate outreach to your at-risk patient appointments leveraging Artera Triggers.Next Best Actions: Provides a dashboard inside the Staff Console to surface key insights and suggested follow-up actions.

Artera Harmony Enhancements
Artera continues to enhance Artera Harmony, the award-winning patient communications SaaS platform, leveraged by today’s leading healthcare organizations. At Artera Heartbeat’24, several new Harmony features were unveiled: 

Flows: Enables multi-step conversation sequences while leveraging Natural Language Understanding (NLU) to automate patient engagement. New reusable Message Blocks, a Template Library and Flows reporting are now natively available within Harmony.Homepage with Next Best Actions: Artera homepage with clear “action items” for users, highlighting conversations needing attention and/or general insights from engagement data.Message Categorization: Uses Machine Learning models to categorize patient communications, powering new reports, new inbox filters and new home page insights.Native Value Reports: Analytics infrastructure built directly into Artera’s product, putting performance benchmarking, ROI reporting and greater reporting capabilities at the fingertips of staff users.Available now with Harmony.

Coming in Q1 2025:

Smart Inbox: An enhanced inbox UI/UX that allows staff to manage larger patient populations.

About Artera Heartbeat 
Artera Heartbeat is Artera’s premier customer conference for healthcare leaders seeking to transform patient communication. The event brings together industry experts, thought leaders and Artera customers to discuss the future of healthcare communication and showcase the latest innovations from Artera, Artera customers and Artera Marketplace Partners. Attendees benefit from hands-on workshops, visionary keynote sessions, affinity sessions with like-minded leaders and exclusive access to the latest product updates from Artera.

About Artera 
Artera is a SaaS digital health leader redefining patient communications. Artera is trusted by 800+ healthcare systems and federal agencies to facilitate approximately 2 billion communications annually, reaching 100+ million patients. The Artera platform integrates across a healthcare organization’s tech stack, EHRs and third-party vendors to unify, simplify and orchestrate digital communications into the patient’s preferred channel (texting, email, IVR, and webchat), in 109+ languages. The Artera impact: more efficient staff, more profitable organizations and a more harmonious patient experience.

Founded in 2015, Artera is based in Santa Barbara, California and has been named a Deloitte Technology Fast 500 company (2021, 2022, 2023), and ranked on the Inc. 5000 list of fastest-growing private companies for five consecutive years. Artera is a two-time Best in KLAS winner in Patient Outreach.

For more information, visit www.artera.io.

Forward-looking statements: These statements are based on current information and are subject to change without notice. They may not be accurate or reliable, and actual events may differ from those projected.

Disclaimer of responsibility: The company is not responsible for the correctness, completeness, or accuracy of the statements. The company also excludes claims for damages based on the press release.

Right to make changes: Artera reserves the right to make changes without notice in design, specifications, and models. The only warranty Artera makes is the express written warranty extended on the sale of its service(s) and/or product(s).

View original content to download multimedia:https://www.prnewswire.com/news-releases/artera-announces-new-ai-products-and-harmony-platform-enhancements-302280616.html

SOURCE Artera

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Isabelle Delisle Takes Over as Scientific Director at INRS

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After an interim period, the manager and biologist has officially assumed the role

QUEBEC CITY, Oct. 18, 2024 /CNW/ – The Institut national de la recherche scientifique (INRS) is announcing the appointment of its new Scientific Director, Isabelle Delisle. She begins today.

Her appointment is excellent news for the continuity of INRS’s strategic and scientific objectives. Isabelle Delisle’s vision will contribute to INRS’s growth and transformation while maintaining its position as a unique academic institution and a key partner in Quebec’s scientific ecosystem.

“To achieve INRS’s lofty ambitions, we need someone who can bring teams together and encourage collaboration. Her vigour and creativity will be indispensable assets for carrying out our new strategic plan,” enthuses INRS Chief Executive Officer Luc-Alain Giraldeau.

A key role at INRS

Now officially at the helm of INRS’s Scientific Direction after a rigorous selection process, Isabelle Delisle will lead a team of 75 people dedicated to supporting the internal community in conducting research and training. Her team will spearhead the development of strategic alliances with private and public partners. Her duties will also include overseeing the National Experimental Biology Laboratory; faculty and international affairs; sustainable development; and activities related to equity, diversity, and inclusion.

A career dedicated to management in higher education

Isabelle Delisle holds a Ph.D. in biology with a specialization in systematics and evolution. She was a professor and researcher at the University of Alberta before shifting focus to Quebec’s academic milieu. After working in an advisory capacity for six years, she then served as a dean at Vanier College from 2017 to 2021.

Isabelle Delisle joined INRS in 2021 as Associate Scientific Director. She has been working as Interim Scientific Director since July 2023. During the transitional period, she and her team were responsible for negotiating and signing the collective agreement for the INRS professors’ union, creating the Bureau de l’international, and INRS earning a STARS Gold rating. She also oversaw the full deployment of the Service des partenariats stratégiques, which led to the creation of two partnership chairs, as well as the appointment of the first municipal scientific advisor from INRS and the signing of 13 new institutional partnership agreements.

Isabelle Delisle’s extensive experience has given her solid expertise in higher education management, particularly in planning and governance, professional and faculty human resources management, program development, and innovation management.

Since joining INRS, Isabelle Delisle has demonstrated outstanding leadership, earning her a management excellence award in 2023. She also sits on a number of institutional bodies, boards, and management committees, sharing her expertise with the community.

About INRS 

INRS is an academic institution dedicated exclusively to graduate research and training in strategic sectors in Quebec. For the past 55 years, it has actively contributed to Quebec’s economic, social, and cultural development. INRS is first in Canada in research intensity. It is made up of four interdisciplinary research and training centres located in Quebec City, Montreal, Laval, and Varennes, which focus their efforts on strategic sectors: water, earth, and environment (Eau Terre Environnement Research Centre); energy, materials, and telecommunications (Énergie Matériaux Télécommunications Research Centre); urbanization, culture, and society (Urbanisation Culture Société Research Centre); and health and biotechnology (Armand-Frappier Santé Biotechnologie Research Centre). The INRS community includes over 1,500 students, postdoctoral fellows, and faculty and staff members.  

SOURCE Institut National de la recherche scientifique (INRS)

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