SIASUN(SZ:300024) Xin Lang Cai Jing·2025-05-22 10:42Core Insights - The pool cleaning robot market is experiencing rapid growth, driven by an increase in global pool numbers and demand for automated cleaning solutions [1][2] Market Growth - The global number of pools is projected to grow from 28.88 million in 2021 to 36.92 million by 2026, representing a compound annual growth rate (CAGR) of 5% [1] - By 2026, the global penetration rate of pool cleaning robots is expected to reach 28%, with the demand estimated at approximately 10.34 million units and a market size of $3.1 billion, assuming an average product price of $300 [2] Competitive Landscape - The pool cleaning robot market is highly concentrated, with the top 10 brands holding over 80% market share as of 2023, primarily dominated by a few established brands [3] - Chinese brands have gained significant market share, increasing from 15.9% in 2022 to 31% in 2023, indicating a breakthrough in the North American and European markets [3] Product Challenges - Current market products face high levels of homogeneity and common issues such as a lack of sensors and low intelligence, which presents opportunities for innovation [4] - The difficulty in applying effective sensors underwater limits the technological advancement of pool cleaning robots, creating a gap for potential disruptors [4] Investment Recommendations - Recommended companies include major appliance manufacturers such as Gree Electric, Midea Group, Hisense, and Haier, as well as small appliance brands like Ecovacs and Roborock [5]