Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - Philippines

Philippines

In 2024, the Electric Kettles market in the Philippines generated a revenue of ₱US$48.70m.
It is projected to experience an annual growth rate of 5.46% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in China leads the market with a revenue of ₱US$1,183m in 2024.
On average, each household in the Philippines is estimated to generate a revenue of ₱US$2.06 in the Electric Kettles market in 2024.
By 2028, the volume of the Electric Kettles market is expected to reach 2.5m pieces.
Furthermore, a volume growth of 3.5% is projected for the segment in 2025.
The average volume per household in the Electric Kettles market is anticipated to be 0.09pieces in 2024.
Despite the popularity of traditional stovetop kettles in the Philippines, the demand for electric kettles is steadily increasing due to their convenience and time-saving features.

Key regions: India, United Kingdom, Canada, Germany, United States

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.