Household appliance manufacturing industry consists of
establishments engaged in manufacturing of appliances used for various purposes
at home such as household-type small electric appliances, electric and
non-electric cooking appliances, refrigerators and home freezers, laundry
equipment and other major household appliances.
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The global household appliances
manufacturing market has been growing in the past years with a CAGR of almost 6%.
The year 2017 recorded high growth in this market with a net market value more
than 20% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the
global household appliances manufacturing market to grow at a higher CAGR by
2021 as compared to 2017, along with geographies best suited for investments
with highest return rate.
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report:
Household appliance manufacturers are
embedding LED lights in electronic products to minimize power consumption. LED
lights require lesser wattage as compared to CFL or incandescent light bulbs
due to which many kitchen designers suggest the use of LED lighting. Cooking
electric appliance manufacturers are more focused on introducing products with
LED lighting for minimal power consumption and improved visual appearance. For
instance, GE’s LED refrigerator lighting systems minimizes power consumption by
80% compared to halogen lamps. The company has introduced products such as
café’s French door refrigerators and profile wall ovens with this lighting.
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Companies included in the report are Samsung
Electronics, Panasonic Corporation and Whirlpool Corp.
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