Major home-appliances are large home appliances used for daily tasks, including cooking, laundry, refrigeration, etc. Small home-appliances are semi-portable or portable devices typically used on counters or tabletops such as: air purifiers, humidifiers and dehumidifiers, blenders, irons, electric kettles and coffee machines. Consumer electronics or home electronics, are devices like television sets, music systems, and other gadgets used for entertainment, communications, and home-office operations.
Increased technological advancements, rapid urbanization, growth in the housing sector, rise in income per capita combined with improving living standards, the surge in demand for comfort in household chores, and change in consumer lifestyle are the key factors driving the global household appliances market. The market is also expanding with smart home appliances due to their increased operational convenience and tasking. The fact that many consumers now own one or the other smart home devices can explain the increasing number of smart kitchen appliances. Furthermore, the market's expansion is also fueled by the customers' preference for eco-friendly and energy-efficient appliances.
Government initiatives for energy-efficient appliances in the United States and some European nations will make energy-efficient product adoption easier in the upcoming years. Energy efficiency-rated appliances with features that help improve their energy efficiency are preferred by customers who are growing conscious of their impact and coping with increasing energy costs. Thus, manufacturers invest in research and development to innovate energy-efficient products owing to the increasing demand for such appliances. This progress also contributes toward sustainable development of technology as many more such products make their way into our homes.
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Lionel Sujay Vailshery
Research expert covering the consumer electronics industry