Major appliance sales -- additional information
Electrical or mechanical devices used in a household are part of the home appliance industry, a billion-dollar industry with growth projections for the coming years. Global consumption of household appliances is forecast to reach 588 billion U.S. dollars by 2020, an increase of more than 150 million U.S. dollars compared to 2013, when the consumption value of this industry stood at around 430 billion U.S. dollars. Haier Electronics Group, Bosch, Electrolux, LG Electronics, General Electric and Whirlpool Corporation are the leading companies in the industry.
Within this industry, major domestic appliances, which include large machines used at home, is one of the main segments. Sales of major domestic appliances have been fairly consistent since 2013, with its revenue varying between 180 and 190 billion U.S. dollars. Global sales of washing machines, tumble dryers, dishwashers, refrigerators, freezers, cookers/ovens, hobs, hoods, microwave ovens are all included in this figure. On the other hand, the global market for semiconductors, a very basic component of a major home appliance, is forecast to grow in the next few years. Revenue of semiconductors used in major home appliances sales is projected to increase from 2.3 billion U.S. dollars in 2012 to 3.8 billion U.S. dollars in 2017.