openPR Logo
Press release

Electric Household Appliances Market in Cooking Appliances Segment is Expected Grow at High Rate By 2024

11-15-2019 07:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

electric household appliances market

electric household appliances market

electric household appliances market for cooking appliances segment are designed for countertops and will witness high growth in several regions. These appliances are less expensive and are being used for several purposes. They are gaining popularity owing to lifestyles changes of consumers and technological advancements in appliances which has catalyzed the growth of electric household appliance market. In the electric household appliances market, consumers are valuing high quality, design and convenience rather than prices.

Government administrations are introducing stringent regulations to raise awareness amongst consumers regarding CO2 emissions and healthy eating which will trigger the demand for electric household appliances market. Several regulatory and government authorities are inclined towards adoption of energy-efficient appliances, and have set minimum energy standards for energy labeling of appliances. They are pushing the consumers to incorporate smart devices which is contributing to the overall revenue growth.

Get sample copy of this research report @

Electric Household Appliances Market is expected to exceed USD 600 billion by 2024. The industry growth can be credited to the rise in disposable incomes in several countries, which has enhanced the consumer's spending capacity. Presence of these appliances is making consumers everyday life easier owing to which they are willing to spend more, thereby propelling the electric household appliances market revenue.

Growing investments in R&D activities to deliver energy efficient and technologically advanced appliances is making the consumers more inclined towards such appliances. Moreoever, rising urbanization and residential events in several countries will the surge the electric household appliances market demand. The demand for low cost appliances with more functionality is the criteria used by the consumers while buying an appliance.

Make an Inquiry for purchasing this Report @

Built-in electric appliances are expensive than the freestanding units and can fit into limited spaces. However, with rising disposable income, the overall shipment volume is anticipated to grow. An increase in the total households of single and two-person will be an important factor driving the growth of electric household appliances market. High demand for the replacement of obsolete appliances will provide widespread array of prospects for the industry.

Rising urbanization, demand for energy-efficient appliances, and high capita income are characterizing the U.S. electric household appliances market. There is also an inclination toward connected appliances to deliver more convenience and user-friendly experiences for the consumers in the region. In addition, increasing awareness about home automation will escalate the industry demand.

Table of Content:

Chapter 3 Electric Household Appliances Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Policies affecting the ecosystem
3.4 Raw material trends
3.4.1 Stainless steel
3.4.2 Plastics
3.4.3 Aluminum
3.5 Pricing trends
3.6 Technological & innovation landscape
3.7 Regulatory landscape Consumer Product Safety Act Federal Hazardous Substances Act (FHSA) EMC Directive Ecodesign Directive EU 517/2014 Electricity act of 1994 Waste Electrical and Electronic Equipment Directive (2002/96/EC)
3.8 Industry impact forces
3.8.1 Growth drivers Rise in disposable incomes and growth of organized retail sector Technological advancements Advertising and promotions by players Energy efficiency measures in North America Replacement of obsolete products and government initiatives in Europe Need for modernized appliances across APAC Rising disposable income levels in Latin America
3.8.2 Industry pitfalls and challenges High unemployment rates

Browse complete Table of Contents (ToC) of this research report @

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Household Appliances Market in Cooking Appliances Segment is Expected Grow at High Rate By 2024 here

News-ID: 1868189 • Views: 151

More Releases from Global Market Research

Pneumatic Conveying Systems Market in Asia Pacific Region is Expected to Exhibit …
Taking into consideration the regional trends, Asia Pacific pneumatic conveying systems market is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit
Embedded System Market in North America Region is Expected to Grow at CAGR of 5. …
North America embedded system market size is projected to be worth 84 billion at a growing CAGR of 5.7% in the near future. Europe is anticipated to pick up the pace during the projected period and surpass USD 62 billion over the predicted time frame. Asia Pacific market is likely to register USD 81 billion by 2024 owing to the largely available skillful professionals in software development. Internet of things,
Integrated Systems Market By Regional Statistics & Growth Forecast 2022
Depending upon the service, global integrated systems market is divided into maintenance & support, consulting and integration & installation. The integration & installation section is predicted to experience high growth in future owing to heavy demand for integrated systems across many small sized, medium sized and large sized business firms. Information technology & telecommunications section and BFSI section are predicted to evolve as dominating sections due to large acceptance rates of
Digital Signage Market in Asia Pacific Region is Projected to Register a CAGR of …
Digital Signage market size accounted for USD 15 billion in 2015 and is witnessing a significant growth worldwide. The Asia Pacific market is anticipated to register a CAGR of 6.5% from 2016-2023, owing to factors like infrastructural development, growth in educational and government sectors, and enhanced user experience. Also, increasing demand across various application industries is likely to favor the US market growth over the coming years. North America in digital

All 5 Releases

More Releases for Industry

Global Trauma Product Industry
Global Trauma Product Industry Market Insights:  The Global Trauma Products market is expected to grow at a CAGR of 7.2% during 2017-2022. The products that are used for the physical injuries and wounds caused by the external sources are known as trauma products. Traumatic injuries sometimes lead to long term complications such as long-term disability, chronic pain and infections and so on. It includes the injuries causing severe damage to the body
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports. This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers
Global Sport Jackets Industry
Global Sport Jackets Industry Latest Report on Sport Jackets Market Global Analysis & 2022 Forecast Research Study In this report, the global Sport Jackets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Global Sport Jackets market competition by top manufacturers, with production, price, revenue (value) and market share for
Dish Washer Industry
In our aim to bring the best and complete information to our clients, we at Orbis Research present the 2017 Global Dish Washer Market market professional survey. The well curated survey by the leading research experts and domain knowledge professionals provides clients with the true picture of the Global Dish Washer Market. The survey is expected to push the understanding of the market and its trends for the clients and
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Global Table Lamps Industry
In our aim to provide our erudite clients with the best research material with absolute in-depth information of the market, our new report on Global Table Lamps Market is confident in meeting their needs and expectations. The 2017 market research report on Global Table Lamps Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge. The report will shed light on many