Electric Household Appliances Market Present Scenario and Growth Prospects from 2017 to 2024

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Electric Household Appliances Industry Business Development
and Future Challenges by 2024: Global Market Insights Inc.
The report “Electric Household Appliances Market Size By Product
(Refrigerators & Freezers, Washers & Dryers, Dis hwashers, Air Conditioners,
Cooking Appliances), Industry Analysis Report, Regional Outlook (U.S.,
Canada, Germany, UK, France, Italy, Spain, Switzerland, Poland, Ukraine,
Belarus, Russia, China, Japan, India, South Korea, Taiwan, Malaysia, Indonesia,
Thailand, Singapore, Australia, Brazil, Mexico, Argentina, Chile, Saudi Arabia,
UAE, Qatar, Egypt, Nigeria, South Africa, Kenya, Israel), Application Potential,
Price Trends, Competitive Market Share & Forecast, 2017 2024”, by Global
Market Insights, Inc., says that electric household appliances market size is set to
exceed USD 600 billion by 2024 according to a new research report by Global Market
Insights, Inc. The global industry shipments are anticipated to cross 1 billion units by
The electric household appliances market is anticipated to exhibit considerable growth
in the coming years owing to the rise in disposable incomes in developing countries,
which has led to an enhanced consumer spending. Consumers are willing to spend
more on appliances, which can be used for an extended period. Moreover, they are
progressively seeking value -added products owing to advanced specifications such
as ease of cleaning and reduced cooking times. The presence of these products is
making everyday life easier, thereby driving the sales in the 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.
Environmental changes globally could affect the consumer demand significantly for
energy in housing areas as changing temperatures are altering heating and cooling
loads. 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
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a significant demand due to the ease-of-installation, higher energy efficiency, and varying
building infrastructures.
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, m any 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
The key players operating in the electric household appliances market are AB
Electrolux, Toshiba, Pan asonic Corporation, Haier Group, V-Guard Samsung
Electronics Co., Ltd., Whirlpool Corporation, etc. The industry is demanding
modernization with manufacturers focusing on developing smart and autonomous
equipment by integrating machine programming concepts, intelligent electronic
control, and sensors.
India Electric Household Appliances Market Size, By Product, 2016 & 2024
(USD Million)
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Browse key industry insights spread across 164 pages with 98 market data tables &
19 figures & charts from the report, “Electric Household Appliances Market in detail
along with the table of contents:
Electric household appliances m arket research report includes in-depth coverage of
the industry with estimates & forecast in terms of revenue in USD and volume in units
from 2013 to 2024, for the following segments:
Electric Household Appliances Market, By Product
o Refrigerators & Freezers
o Washers & Dryers
o Dishwashers
o Room Air-Conditioners
o Cooking Appliances
The above information is provided on a regional and country basis for the following:
North America
o U.S.
o Canada
o Germany
o UK
o France
o Italy
o Spain
o Switzerland
o Poland
o Ukraine
o Belarus
o Russia
Asia Pacific
o China
o India
o Japan
o Taiwan
o Thailand
o Malaysia
o Indonesia
Segmentation of Electric Household Appliances Market: