- Electrolux is expanding its household products in collaboration with Google by incorporating Google Assistant, which allows users to control household appliances using voice commands.
- Furthermore, in 2019, B.S.H. Hausgeräte GmbH acquired nearly 65 percent of the global food platform Household Stories, transforming it into an integrated software, hardware, and service provider.
- Samsung will launch Smart Induction in Built-in Cooktop with Wi-Fi in August 2021, which will help to cook meals faster while reducing energy and emissions.
- Samsung and Deutsche Telekom completed the first 5G S.A. trial in the Czech Republic in January 2021. The two companies outperformed each other, with Samsung's MU-MIMO technology demonstrating three times the spectrum efficiency of LTE.
- L.G. Electronics Inc. of South Korea and automotive supplier Magna International Inc. will form a joint venture to manufacture key components for electric vehicles in December 2020.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Refrigerators & Freezers, Washers & Dryers, Dishwashers, Air Conditioners, Cooking Appliances), Distribution Channel (Supermarket & Hypermarket, Specialty Stores, E-Commerce, and Others) – Industry Trends and Forecast to 2031.
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The Global Household Appliances Market size was valued at USD 550.80 USD Billion in 2023.
The Global Household Appliances Market is projected to grow at a CAGR of 4.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
