The Global Small Electrical Appliance Market Report by The Business Research Company covers small electrical appliance market drivers and restraints, small electrical appliance market size, major players, and the impact of COVID-19 on the small electrical appliance market.
The small electrical appliances manufacturing market consists of sales of small electric appliances and electric housewares including household-type fans (except attic fans), household-type vacuum cleaners, and other electric household-type floor care machines.
Increased electrification especially in rural areas has contributed to the growth of the small electrical appliances market in the forecast period.
The global small electrical appliance market is expected to grow from $60.83 billion in 2020 to $67.49 billion in 2021 at a compound annual growth rate (CAGR) of 10.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $99.83 billion in 2025 at a CAGR of 10%.
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Some small electrical appliance market trends include small electrical appliance manufacturers increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy efficient appliances.
Global small electrical appliance market segments include:
1) By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances.
2) By Application: Home, Commercial.
3) By Distribution Channel: Supermarket & Hypermarkets, Specialty Stores, E-Commerce, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Small Electrical Appliance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides small electrical appliance market overviews, analyzes and forecasts market size, share, small electrical appliance market players, small electrical appliance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The small electrical appliance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Small Electrical Appliance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: AB Electrolux, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, Midea, Miele & Cie. KG, Samsung Electronics Co., Ltd., LG Electronics, BISSELL, Bosch, iRobot Corporation, Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Crompton Greaves, Orient fans, Usha, Havells India
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The small electrical appliance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The small electrical appliance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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