The report of Global Electrical Appliances market by product (Kitchen Appliances, Refrigeration Appliances, Water Heater Appliances, Entertainment Appliances, Washing Appliances, Cleaning Appliance) Distribution Channel (Supermarket & Hypermarket, Specialty Stores, e-Commerce) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period
Electrical appliances that consume electricity to operate. Most of the electrical appliances are intended for non-industrial purpose like household, office and others. A wide range of such appliances include kitchen, refrigeration, water heater, entertainment, washing, cleaning and entertainment appliances. The average lifespan of an electrical appliance is around 10 years, after which it needs to be replaced.
Entertainment appliances segment is expected to grow at the highest XX% CAGR during the forecast period.
Entertainment appliances include products and systems used in domestic or personal context. The entertainment appliances contains several consumer electronic products like television sets, video players & recorders, audio equipment, and gaming devices. Over the forecast period, there is a significant rise in consumer investments in entertainment appliances mainly owing to the increase in disposable income and development of innovative entertainment solutions from manufacturers.
The Asia Pacific dominated the Global Electrical Appliances Market in 2018
Asia Pacific have been significant growth in electrical appliances market, both in terms of value and volume. The regional market is mainly characterized by the high revenue generated from sale of products, such as refrigerators, dishwashers, washing machines, and stove hoods. Small-scale manufacturers of home appliances are being increasingly taken over by industry giants in the region. Buyers in the region are increasingly preferring low-priced, eco-friendly products. Thus, kitchen appliances segment is projected to witness a steady growth in the near future.
Key players operating the Global electrical appliances market are Haier group, BSH Bosch & Siemens, Midea Group, Whirlpool Corporation, AB Electrolux, Gree Electric Appliances Inc., LG Electronics, Samsung Electronics, Panasonic Corporation, Koninklijke Philips N.V., Godraj group, IFB Industries Limited, Hitachi Limited, Glen Dimplex Group, Amica Wronki S.A., Arcelik A.S., Candy Group, Defy Appliances Ltd, Viking Range, LLC
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global electrical appliances market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global electrical appliances market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global electrical appliances market positioning of competitors.
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