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The household appliances market is brought to a growth rate of 7% with…

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Household Appliances Market Report 2021 – Impact and Recovery of COVID-19

The Business Research Company Global Household Appliances Market Report 2021 – Impact and Recovery of COVID-19

LONDON, GREATER LONDON, UK, Nov. 24, 2021 /EINPresswire.com/ — The upward trend of outdoor parties and barbecues on weekends and bank holidays is expected to boost the barbecue and grill market in during the forecast period. The rapidly changing lifestyle along with the increase in outdoor recreational activities will increase the demand for barbecues and grills. The European barbecue market is expected to reach $5.98 million by 2026. Rising access to unique camping sites and rise in adventure camping, coupled with rising disposable income, will drive the barbecue market globally which will drive the household market. devices during the forecast period.

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Appliance manufacturers are integrating LED lights into their products to minimize power consumption. LED lights require less power than CFLs or incandescent bulbs. Home appliance manufacturers are focusing more on introducing products with LED lighting for minimum power consumption and improved visual appearance. For example, GE’s LED refrigerator lighting systems reduce energy consumption by 80% compared to halogen lamps. The company has launched products such as cafe French door refrigerators and streamlined wall ovens with this lighting. For example, some of the major companies manufacturing LED lighting include Philip Electronics NV, Osram Opto, Digital Lumens Inc, and Cree Corporation.

Asia-Pacific was the largest region in the global home appliance market, accounting for 49% of the market in 2020. Western Europe was the second largest region, accounting for 19% of the global home appliance market. Africa was the smallest region in the global home appliance market.

Learn more about the Global Home Appliances Market report

The global home appliances market size is expected to grow from $308.11 billion in 2020 to $331.57 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $436.04 billion in 2025 with a CAGR of 7%.

The major players covered in the global home appliance industry are Samsung Electronics, Panasonic Corporation, Whirlpool Corp, Bosch Gmbh, LG Electronics Inc.

TBRC’s Global Household Appliances Market report is segmented by Type into Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator & Household Freezer, Household Laundry Equipment, Other Major Household Appliance, by Application in Kitchen, Cleaning, others, by online, offline mode.

Global Household Appliances Market Report 2021 – By Type (Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator & Household Freezer, Household Laundry Equipment), By Application (Cooking, Cleaning), COVID-19 Impact And Recovery is part of of a series of new reports from The Business Research Company that provide an overview of the Household Appliances Market, forecast the size and growth of the Household Appliances Market for the overall market, Household Appliances Market segments and areas geographies, Home Appliances Market trends, Home Appliances Market drivers, restraints, major competitors revenue, profiles and market shares.

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Here is a list of similar reports from the trade research company:

Home Appliance Manufacturing Market – By Appliance Type (Small Electrical Appliances, Household Cooking Appliances, Household Refrigerators & Freezers, Household Laundry Equipment, and Other Major Household Appliances), and By Region, Opportunities and Strategies – Global Forecast until 2023

Global Household Cooking Appliances Market Report 2021 – By Product (Electric Ranges, Microwave Ovens, Barbecues & Grills, Others – Household Cooking Appliances), By Application (Household, Commercial), By Fuel Type (Gas cooking, electricity), COVID-19 impact And Recovery

Global Household Laundry Equipment Market Report 2021 – By Type (Washing Machines, Ironers, Dryers), By Technology (Automatic, Semi-Automatic/Manual), By Distribution Channel (Direct Sales, Retail, E-Commerce) ), COVID-19 impact and Recovery

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