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Increased electrification especially in rural areas are expected to drive innovation in small electrical appliance manufacturing, thus driving the market during the forecast period.

The global small electrical appliance market is expected to grow from $133.98 billion in 2022 to $150.64 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The global small electrical appliance market size is expected to grow to $232.29 billion in 2027 at a CAGR of 11.4%.

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Global Small Electrical Appliance Market Segments Include:

• By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances
• By Application: Home, Commercial
• By Distribution Channel: Supermarket & Hypermarkets, Specialty Stores, E-Commerce, Others Distribution Channel
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global small electrical appliance market in 2021.

Major Market Players in the small electrical appliance market include AB Electrolux, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, Midea, Miele & Cie. KG, Samsung Electronics Co., Ltd.

Small electrical appliance manufacturers are increasingly producing energy-efficient products to reduce 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. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans.

The Small Electrical Appliance Global Market Report 2023 provides a small electrical appliance market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The small electrical appliance market forecast analyzes small electrical appliance market size, small electrical appliance market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Small electric appliance manufacturing is defined as semi-portable or portable machines that are used on tabletops or countertops to do certain household tasks.

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