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The Household Appliances Manufacturing Market To Grow At A Higher Rate

Feb 4th 2019 at 8:56 PM

The Business Research company’s household appliances manufacturing global market report, covers the year-on-year growth of the global Household Appliances Manufacturing market historic and forecast growth. It also includes chapters on the Household Appliances Manufacturing market trends, geographical analysis, and competitive landscape.

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The global household appliances manufacturing market size is expected to reach $500 billion by 2022, significantly growing at a CAGR of around 6% during the forecast period.

Household Appliances Manufacturing Market Trends

The household appliances manufacturing market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances.

Household appliances manufacturers are embedding LED lights in electronic products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs due to which many kitchen designers suggest the use of LED lighting. Cooking electric appliances manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as cafe’s French door refrigerators and profile wall ovens with this lighting.

The global household appliances manufacturing market is primarily driven by increase in disposable income and increasing trend of household appliances.

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The global household appliances manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increase in demand of household appliances and emerging market growth, the global household appliances manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the Household Appliances Manufacturing drivers and restraints in the market.

The global household appliances manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global household appliances manufacturing market report are Samsung Electronics, Panasonic Corporation, Whirlpool Corp, and Bosch Gmbh, LG Electronics Inc.

About The Business Research Company:

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293


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