Electric Household Appliances Market was valued at USD 202 Billion in 2022 and is projected to reach USD 300 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The global electric household appliances market was valued at approximately USD 690 billion in 2022 and is projected to reach around USD 920 billion by 2027. This growth reflects a compound annual growth rate (CAGR) of about 6.0% during the forecast period. Key factors driving this expansion include increased urbanization, rising disposable incomes, and growing consumer demand for energy-efficient and smart appliances. The surge in technology adoption, including IoT-enabled devices and advanced home automation systems, is further propelling market growth. Emerging markets, particularly in Asia-Pacific and Latin America, present significant opportunities for expansion. Rapid economic development, coupled with a burgeoning middle class, is fueling demand for modern household appliances in these regions. Additionally, the increasing emphasis on sustainability and energy efficiency is likely to drive innovations and investments in eco-friendly appliances. As consumer preferences evolve towards integrated and smart home solutions, manufacturers have the chance to capitalize on these trends and capture a larger market share.
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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.
Godrej Group
IFB Industries Limited
Midea Group
Hitachi Limited
Glen Dimplex Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Household Appliances Market
Cook
Clean
Others
Based on Types the Market is categorized into Below types that held the largest Electric Household Appliances market share In 2023.
Refrigerators
Wine-coolers
Washing Machines
Tumble Dryers
Vacuum Cleaners
Steam Mops
Shavers
Trimmers
Water Heaters
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Household Appliances Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Household Appliances Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Household Appliances Market, By Type
6. Global Electric Household Appliances Market, By Application
7. Global Electric Household Appliances Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Household Appliances Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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