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Electric Household Appliances Market Booming Growth & Trends Worldwide | Top Key Players are GE, Haier, Hitachi, LG Electronics, Panasonic, Robert Bosch GmbH, Samsung Electronics, Sharp Electronics Corporation USA, Siemens and Whirlpool Corporation

11-08-2018 06:54 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Electric Household Appliances Market

Electric Household Appliances Market

Electric household appliances market is playing a vital role in improving the economy of Asia Pacific and offers employment to millions of people. With continued economic advancements, consumers demand modernized equipment and are adopting technologically advanced electronics to enhance the overall quality of life. The low penetration level has led to considerable growth avenues manufacturers in the region. Technological advancements in engineering & design with the low pricing trends have made the products affordable for most of the consumers in Asia Pacific.

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Rapid industrialization, technological advancements, and reducing prices of the air conditioners are anticipated to spur the room air conditioner market size. Split ACs will witness a significant demand due to the ease-of-installation, higher energy efficiency, and varying building infrastructures.

Electric Household Appliances Market size is set to exceed USD 600 billion by 2024. The global industry shipments are anticipated to cross 1 billion units by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AB Electrolux
2. GE
3. Gree Electric Appliances, Inc. of Zhuhai
4. Haier
5. Hitachi
6. LG Electronics
7. Panasonic
8. Robert Bosch GmbH
9. Samsung Electronics
10. Sharp Electronics Corporation USA
11. Siemens
12. Tiger Corporation
13. Toshiba Corporation
14. V-Guard
15. Walton Group
16. Whirlpool Corporation

Electric Household Appliances Market, By Product

• Refrigerators & Freezers
• Washers & Dryers
• Dishwashers
• Room Air-Conditioners
• Cooking Appliances

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It is expected that the online sales of air conditioners will show a rapid growth in the coming years as consumers are feeling comfortable purchasing branded appliances online. In addition, improvements in after-sales services have provided an impetus to the electric household appliances market growth. Manufacturers are working with several other companies to ensure timely delivery and installation after the online sales of the product.

With a rise in environmental and social consciousness, many consumers are looking for steps to diminish the impact on the atmosphere. Driven by the desire to contribute toward the environmental ecosystem, consumers are seeking products, which are energy-efficient and cost-effective, thereby driving the electric household appliances market.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/electric-household-appliances-market

The key players operating in the electric household appliances market are AB Electrolux, GE, Gree Electric Appliances, Inc. of Zhuhai, Haier, Hitachi, LG Electronics, Panasonic, Robert Bosch GmbH, Samsung Electronics, Sharp Electronics Corporation USA, Siemens, Tiger Corporation, Toshiba Corporation, V-Guard, Walton Group, Whirlpool Corporation. The industry is demanding modernization with manufacturers focusing on developing smart and autonomous equipment by integrating machine programming concepts, intelligent electronic control, and sensors.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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