Electric Household Appliances Market Key players are LG, Samsung, Electrolux, Whirlpool Corporation, Siemens AG, Walton Group, AB Electrolux, General Electric, Haier Corporation, Hitachi, Ltd, Panasonic Corporation

(EstateNewsWire.com, August 06, 2018 ) Market Overview: -

Electric household appliances market is witnessing a substantial influx of high-priced appliances with advanced features that are designed to reduce human work and provide superior home care. The worldwide electric household appliances industry players are emphasizing on developing smart and automatic devices by integrating electronics with intelligent sensors and machine programming. Smart electric household appliances have already become a necessity for most of the households and can aptly be termed under the common saying “Home is where the smart is”. The global Electric household appliances market is forecast to show strong growth prospects, as consumers have become more affluent and their choice of appliances have also become more sophisticated.

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Top Key Players: -

Major key Players in electric household appliances market include LG, Samsung, Electrolux, Whirlpool Corporation, Siemens AG, Walton Group, AB Electrolux, General Electric, Haier Corporation, Hitachi, Ltd., LG Corporation, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation, etc.

Market share calculation in this report is not done based on companies covered in it. The calculation of electric household appliances market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

As per estimates, Asia Pacific electric household appliances market is anticipated to witness huge demand for home appliances due to rising spending capacity and rapid urbanization in the emerging regions. Consumers are progressively seeking value added products that can reduce their efforts & time and are affordable at the same time. This has resulted into a robust demand for appliances including washing machines, air conditioners, and cooking appliances in the region which in turn have accelerated the growth of electric household appliances industry.

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Partial Chapter of the Table of Content

Chapter 3 Electric Household Appliances Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Policies affecting the ecosystem
3.4 Raw material trends
3.4.1 Stainless steel
3.4.2 Plastics
3.4.3 Aluminum
3.5 Pricing trends
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 Middle East & Africa
3.6 Technological & innovation landscape
3.7 Regulatory landscape
3.7.1.1 Consumer Product Safety Act
3.7.1.2 Federal Hazardous Substances Act (FHSA)
3.7.2.1 EMC Directive
3.7.2.2 Ecodesign Directive
3.7.2.3 EU 517/2014
3.7.3.1 Electricity act of 1994
3.7.3.2 Waste Electrical and Electronic Equipment Directive (2002/96/EC)
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Rise in disposable incomes and growth of organized retail sector
3.8.1.2 Technological advancements
3.8.1.3 Advertising and promotions by players
3.8.1.4 Energy efficiency measures in North America
3.8.1.5 Replacement of obsolete products and government initiatives in Europe
3.8.1.6 Need for modernized appliances across APAC
3.8.1.7 Rising disposable income levels in Latin America
3.8.2 Industry pitfalls and challenges
3.8.2.1 High unemployment rates
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2016
3.11.1 Strategy dashboard
3.11.2 Emerging business models
3.12 PESTEL analysis

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Prominent electric household appliances industry players are actively investing in the R&D activities to develop advanced appliances with more smart features, by connecting to sensors and home computer networks. Whirlpool Corporation, for instance, has showcased its most impressive food preparation appliance called the Whirlpool Front-Control Range with Scan-to-Cook Technology. With the help of a smartphone and the Whirlpool mobile app, users can now scan the UPC barcode of packaged food and transmit the recommended temperature, directions, and cooking time via Wi-Fi.

This appliance will then set itself to the pre-programmed specifications and automatically prepare the food. Such advancements brought by electric household appliances industry giants have effectively showed what the power of the Internet of Things can really do in kitchen. With the introduction of such products, electric household appliances industry players are vigorously attempting to gain competitive edge in the growing ‘smart’ era.

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