Launch of Space & Energy Saving Designs Drives the Electric Household Appliances Market, According to an Upcoming Report by Global Industry Analysts, Inc.

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GIA initiates research coverage on the global “Electric Household Appliances” market, as part of its ongoing multiple research projects on diverse industries. The soon to be released report identifies rising consumer affluence in developing economies, rapid rates of urbanization and effervescent product innovation, as primary growth drivers in the market.

Electric Household Appliances: A Global Multi-Client Research Initiative

Follow us on LinkedIn – GIA is pleased to announce the launch of a major research program analyzing the trends impacting the market for “Electric Household Appliances”. Invited to participate in this comprehensive grassroots level global research initiative are senior industry executives, domain experts, technologists and market strategists. The new report to be issued shortly will offer accurate assessment of global market developments including major technologies, trends and challenges, together with descriptive, exploratory, and quantitative analysis of major product and geographic market segments. For details about how you can participate in this primary research program, please click here.

In this era of convenience, electronic household appliances represent indispensable and essential devices omnipresent in modern homes. Expanding middle class population with high disposable incomes represents a major trend that supports demand in the market. Increasing number of dual income households, hectic lifestyles, time constraints and shortage of domestic help, are factors driving demand for innovative and advanced household electronic appliances. Escalating electricity costs worldwide and growing government emphasis on reducing energy consumption are expected to result in strong demand for energy efficient devices. Stringent energy saving norms are helping encourage efficient engineering innovation in terms of energy consumption, performance, and durability. The coming years are forecast to witness strong demand for high-end, premium products such as intelligent small cleaning robots, smart water filters, air purifiers, and carpet steamers, among others.

Recovering home sales in North America and rapid urbanization in developing countries are fueling growth in the global market. The emerging phenomenon of “Internet of Things” and the need for wireless monitoring of electrical household appliances is resulting in increased use of sensors designed to gather data and send them wirelessly over home networks. In Asia-Pacific, water-efficient dishwashers and energy efficient microwave ovens are forecast to witness robust sales. Changing lifestyles, Westernization of food habits, and growing consumption of packaged foods and ready to eat, easy-to-prepare food products are fueling demand for microwave ovens.

The upcoming report will offer coverage on major companies including Haier Group, Hitachi Ltd., LG Electronics Inc., Panasonic Corp, Samsung Electronics Co Ltd, Whirlpool Corp, and Royal Philips Electronics NV, among others.

In addition, the study will also provide:

  • Valuable market based intelligence on new emerging trends, growth drivers, issues and challenges.
  • Current coverage on company information and latest news and events including strategic corporate developments, and product innovations
  • Fresh research perspectives, statistical findings, analyst analysis, and commentaries
  • Accurate market estimates, projections, and forecasts across product segments (major electric household appliances and Small household appliances) and major geographic markets (the United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East/Africa).

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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