Company Overview - Primech Holdings Limited is a leading provider of AI-driven facilities services, primarily serving both public and private sectors in Singapore [4] - The company offers a wide range of services, including advanced facility maintenance, specialized cleaning solutions, and eco-friendly practices integrated with smart technology [4] Expansion into North America - Primech celebrated the opening of its U.S. office in Edwardsville, Illinois, marking its entry into the North American market [1] - The choice of Illinois is strategic due to its central geography, facilitating relationships across major American markets and enabling efficient scaling [2] Market Opportunity - The U.S. cleaning robot market is valued at $3.66 billion for commercial applications in 2025 and is projected to grow at a CAGR of 22.7% through 2030 [2] - This growth is driven by increasing demand for efficient, labor-reducing solutions in sectors such as education, healthcare, hospitality, and retail [2] Strategic Vision - The establishment of a U.S. presence is a pivotal step in Primech's global expansion strategy, aimed at addressing labor dependency challenges and enhancing hygiene standards [3] - The company aims to become the preferred choice for institutional adoption of its AI-powered technology, creating sustainable pathways for long-term growth [3]
Primech Holdings Celebrates North American Expansion, Tapping into Booming $3.66 Billion AI Cleaning Market