© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Cleaning Robot Market Trends Growth Forecast Research : Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America cleaning robot market holds the largest share owing to the tendency to adopt advanced technologies and the developed economic conditions of the region. Growing urbane lifestyle of consumers and high disposable incomes are expected to propel the demand for these devices in household applications.  Asia Pacific is anticipated to grow at a significant pace owing to the changing lifestyles of people and increasing awareness about the latest technological developments. Increase in the consumer disposable income in the region is a major factor driving the Asia Pacific cleaning robot market. The growth in the industrialization sector in Asia Pacific is expected to boost the demand for cleaning robots in industrial applications over the forecast timespan.  Rising labor costs in developed economies including the U.S. and Germany are the key factors that fuel the cleaning robot market. Robots save time by performing multiple tasks simultaneously, reducing the time taken to perform a set of tasks. This is one of the major factors boosting the industry growth. These automation machines become a feasible choice than costly housekeeping services for people with disability. They also offer high work precision, which makes them popular for cleaning operations in industries and residential sector. Regional Analysis of Cleaning Robot Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Cleaning Robot Market:  Increased penetration of the technology and automation in household applications and industries is a major factor boosting the cleaning robot market. Changing lifestyle of people in emerging economies has led to a rise in the awareness of the technological advancements and its advantages. Various developing economies are investing in smart homes for enhanced lifestyle. This has led to a rise in the demand for these devices in domestic applications. This equipment is increasingly being used in robust industrial environments, where human involvement can prove to be lethal. These are used for cleaning in nuclear power plants and in the container, engineering & manufacturing, transport, and food industries. These factors are projected to propel the industry growth over the coming years.  The cleaning robot market is segmented into healthcare, residential, commercial, and industrial applications. The residential application segment is expected to grow significantly owing to the increasing demand for automated cleaning systems in developed economies. The compact size of this equipment makes them the right choice for residential applications. Efficient cleaning operation in confined spaces is an advantage offered by these robots, increasing their popularity in the residential sector.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Key players in the cleaning robot market include Intellibot Robotics LLC, LG Electronics, Inc., Koninklijke Philips N.V., Samsung Electronics Co., Ltd., IBC Robotics, Ecovacs Robotics, Inc., Neato Robotics, Inc., iRobot Corporation, Cyberdyne, Inc., Alfred Kärcher GmbH & Co., KG, Bobsweep, and Miele.  Companies are investing in R&D to develop technologically-advanced solutions to provide enhanced services to customers. For instance, in November 2017, Ecovacs Robotics launched new models that autonomously mop and vacuum the floor in one go.  Increasing competition among key players to introduce new robots is expected to fuel the industry growth. Competitive Market Share of Cleaning Robot Market:

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