The
global household appliances manufacturing market, one of the segments in the electrical
and electronics manufacturing industry, grew at a compound annual growth rate
(CAGR) of around 6.2% during the historic period. This mainly due to increase
in disposable income and rising standard of living.
In
the forecast period, the household appliances manufacturing market size is
expected to be over $500.4 billion by 2021, growing at a CAGR of nearly 6.20%.
The growth attributed to several factors which include economic growth in
emerging economies and rapid urbanization.
Find
TBRC’s report on the household appliances manufacturing market:
Home
appliance manufacturers are integrating advance sensor technologies with home
appliances to enhance product features and minimize power and water
consumption. Home appliance manufacturers are replacing large mechanical relays
and switching technologies with MPU (Magnetic pickup) sensors and control
systems. MPU’s are used in coordination with other electronic modules for
monitoring parameters such as speed, direction of rotation and a range of alarm
conditions. The use of sensors in home appliances minimizes power and water
consumption to a large extent.
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a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=220&type=smp
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