U.S. Household Appliances Market to Penetrate Untapped Regions During the Forecast Period by sonali_86 · June 14 Sony Michel Youth Jersey , 2019
The聽U.S. household appliances market聽is forecasted to reach USD 59.76 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to grow owing to the increased technological advancements in the appliances including water heaters, dishwashers, refrigerators, cooktops Stephon Gilmore Youth Jersey , cooking ranges, microwaves, ovens, vacuum cleaners, mixers, grinders Tom Brady Youth Jersey , food processors, washing machines, air conditioners, and heaters.
The companies in the U.S. household appliances market are investing heavily in designing innovative and user-friendly products to cater the consumer better and gain a larger market share in an extremely competitive market scenario. The companies focus on integrating the Internet of Things (IoT) platform with the products that enable the users to control and monitor the household appliances through mobile applications. For instance, in December 2017, LG Electronics Inc. announced its plan to create ThinQ which will use artificial intelligence (AI) in all its household devices. LG ThinQ products will be competent to use deep learning and communicate with the users. Further Julian Edelman Youth Jersey , LG Electronics Inc. announced the launch of its smart air purifier for homes. LG PuriCare comprises fine dust sensors, voice recognition, and DeepThinQ technology for cleaner air.
The company has also integrated Near Field Communication (NFC) tagging technology with their appliances, which is a set of standards to establish radio communication for smart phones with other devices. Using this technology, the user can download and control the washing machine programs such as cold wash, baby care Jake Bailey Womens Jersey , and wool through their smart phones. The company developed TrueSteam technology for washing machines which enables steam softener, steam fresh, and allergy care features. This technology reduces water consumption and helps to eliminate allergens and sterilizes bacteria.
Access Research Report of聽U.S. Household Appliances Market @聽 Further key findings from the report suggest:
By product type, the cooktop, cooking range, microwave Jarrett Stidham Womens Jersey , and oven segment is expected to account for the largest revenue share by 2025, registering an estimated CAGR of around 3% over the forecast period. By 2025, the brick & mortar distribution channel is projected to account for around 86% of the total market revenue share. By distribution channel the e-commerce segment is expected to grow substantially at a higher CAGR of around 9% over the forecast period. The dishwasher segment in the U.S. was valued at around USD 4.30 billion in 2016. The mixer, grinder, & food processor segment by product type is anticipated to witness the highest CAGR over the forecast period. Other major players in the U.S. household appliances market include Electrolux, Frigidaire Hjalte Froholdt Womens Jersey , Philips Electronics, and SMEG. Grand View Research has segmented the market for U.S. household appliances into product type and distribution channel. U.S. Household Appliances聽Product Type Outlook (Revenue, USD Billion; 2014 – 2025)
Water heater (boilergeyser) Dishwasher Refrigerator Cooktop, cooking range, microwave, & oven Vacuum cleaner Mixer Yodny Cajuste Womens Jersey , grinder, & food processor Washing machine Air conditioner & heater U.S. Household Appliances聽Distribution Channel Outlook (Revenue, USD Billion; 2014 – 2025)
Brick & Mortar E-commerce About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research聽聽聽 reports, customized research reports Damien Harris Womens Jersey , and consulting services. To help clients make informed business聽聽聽 decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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