Small Electrical Appliances Market Mergers, Acquisitions and Expansion 2020 to 2023 | Electrolux AB, Dyson Ltd., Panasonic Corporation

This report on the global Small Electrical Appliances Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.

According to the study, the global small electrical appliance market was worth $40.3 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 5.9% and reach $50.7 billion by 2023.

Get Sample Copy of Small Electrical Appliances Market Report -

https://www.marketinsightsreports.com/reports/05072013745/small-electrical-appliances-global-market-report-2020-including-1-by-product-household-type-fans-household-type-vacuum-cleaners-other-household-type-small-electric-appliances-2-by-application-home-commercial-covering-ab-electrolux-dyson-ltd-panasonic-corp/inquiry/?Source=Openpr&mode=10

Key Players:

Electrolux AB, Dyson Ltd., Panasonic Corporation, Koninklijke Philips NV, Haier Group Corporation, Midea Group Co Ltd, Miele & Cie. KG, Samsung Electronics Co Ltd, LG Electronics Inc., BISSELL, request sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

The small electrical appliance market covered in this report is segmented by product into household type fans, household type vacuum cleaners, and other households type small electric appliances. The small electrical appliance market in this report is segmented by application into the home, and commercial

Increased electrification especially in rural areas has contributed to the growth of the small electrical appliances market in the historic period. Electrification coupled with the rise in disposable income has boosted the demand for household type fans. For example, in India, the percentage of rural population with access to electricity increased from 68.3% in 2010 to 89.3% in 2017. The Percapita net disposable income increased from $1,372.9 in 2013 to $2,018.53 in 2017 at a CAGR of 10.1%. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for small electrical appliances.

Rise in awareness about the adverse effects of high energy consumption, and the carbon footprint associated with the usage of several small electrical appliances is expected to restrain the market in the forecast period. Several factors such as increasing internet penetration led to an increase in awareness about the consumption of energy, the rising cost of energy, and adverse effects associated with the usage of several household appliances such as vacuum cleaners. In 2019, the European Union banned the sale of vacuum cleaners containing motors more powerful than 900W. These factors will limit the growth of small electrical appliances.

Small electrical appliance manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR certified ceiling fans provide cutting edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans.

In July 2017, CDH Fund V, L.P., a private equity fund bought a significant stake in SharkNinja Operating LLC for an undisclosed amount. This partnership is expected to accelerate the growth of the SharkNinja brand of products globally. Shark Ninja is a USA based manufacturer of home and kitchen electrical appliances including vacuum cleaners.

Markets Covered:

1) By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances
2) By Application: Home; Commercial

Market Segment by Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Browse full report:

https://www.marketinsightsreports.com/reports/05072013745/small-electrical-appliances-global-market-report-2020-including-1-by-product-household-type-fans-household-type-vacuum-cleaners-other-household-type-small-electric-appliances-2-by-application-home-commercial-covering-ab-electrolux-dyson-ltd-panasonic-corp?Source=Openpr&mode=10

Frequently Asked Questions about “Small Electrical Appliances market” :

What will the Small Electrical Appliances market size/ forecast be in 2023?
What is the growth rate (CAGR) of the Small Electrical Appliances market?
Who are the key players/top companies in the Small Electrical Appliances market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Small Electrical Appliances market?
What are the challenges to growth and the new opportunities in the Small Electrical Appliances market?
Which is the highest growing region or country for the Small Electrical Appliances market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Address:

Market Insights Reports
4893, Pepper drive, Harrisburg, NC 28075, United States

Contact US :

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on the industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.