Electric Household Appliances Market| LG, Samsung, Electrolux, Whirlpool Corporation, Siemens AG, Walton Group, AB Electrolux, General Electric, Haier Corporation, Hitachi, Ltd, Panasonic Corporation

Electric household appliances market is witnessing a substantial influx of high-priced appliances with advanced features that are designed to reduce human work and provide superior home care. The worldwide electric household appliances industry players are emphasizing on developing smart and automatic devices by integrating electronics with intelligent sensors and machine programming.

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Smart electric household appliances have already become a necessity for most of the households and can aptly be termed under the common saying "Home is where the smart is". The global Electric Household Appliances Market is forecast to show strong growth prospects, as consumers have become more affluent and their choice of appliances have also become more sophisticated.

The major players operating in the market-
o AB Electrolux
o GE
o Gree Electric Appliances, Inc. of Zhuhai
o Haier
o Hitachi
o LG Electronics
o Panasonic
o Robert Bosch GmbH
o Samsung Electronics
o Sharp Electronics Corporation USA
o Siemens
o Tiger Corporation
o Toshiba Corporation
o V-Guard
o Walton Group
o Whirlpool Corporation

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Electric household appliances market is witnessing a popular trend of multifunctional homewares, that offers added convenience and occupy a little space in houses. Today busy working schedule and smaller living spaces have created an understandable surge in the demand for automatic and space-conscious goods. For instance, Oxo, a Helen of Troy Ltd brand, launched innovative set of mixing bowls that come with silicon lids, which can also be easily converted into food storage containers.

As per estimates, Asia Pacific electric household appliances market is anticipated to witness huge demand for home appliances due to rising spending capacity and rapid urbanization in the emerging regions. Consumers are progressively seeking value added products that can reduce their efforts & time and are affordable at the same time. This has resulted into a robust demand for appliances including washing machines, air conditioners, and cooking appliances in the region which in turn have accelerated the growth of electric household appliances industry.

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