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
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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
3. Gree Electric Appliances, Inc. of Zhuhai
6. LG Electronics
8. Robert Bosch GmbH
9. Samsung Electronics
10. Sharp Electronics Corporation USA
12. Tiger Corporation
13. Toshiba Corporation
15. Walton Group
16. Whirlpool Corporation
Electric Household Appliances Market, By Product
• Refrigerators & Freezers
• Washers & Dryers
• 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.
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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.
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