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Kitchen Appliances Market Size, Share | Industry Report, 2024 | Hexa Research

Kitchen appliances are machines that aid in the smooth functioning of kitchen related activities. Their main source of energy is gas or power. Fluctuating fuel prices can have a major impact on this market. Technological innovation in this market has helped in developing products that run on solar energy. Dishwashers, stoves, and fridge are some of the major appliances used in the kitchen. Rural electrification projects are expected to boost market demand over the forecast period.

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Kitchen Appliances Market Size, Share | Industry Report, 2024 | Hexa Research

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  1. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Kitchen Appliances Market Analysis, Size, Share, Growth, Industry Trends and Forecast Report up to 2024 | Hexa Research The global kitchen appliances market was estimated at around USD 179 billion in 2015. Energy and cost efficient products can gain revenue share due to government initiative to conserve electricity consumption. Rise in fast-paced modern lifestyle, dual income households, growing preference for modular kitchen are expected to drive the demand of kitchen appliances. Moreover, rapid urbanization and product upgrade can also contribute to market growth. Increasing electricity costs and government focus to spread awareness about energy consumption can promote environment friendly and energy efficient products. Health conscious and geriatric population requires kitchen appliances that require less oil. The penetration of these appliances in the market can further propel industrial growth. The Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

  2. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future kitchen appliances market is divided into products, fuel type, product structure, applications, and regions. By products, the market is segmented into dishwasher, refrigerator, cooking appliance, and other appliances. Refrigerator accounted for over 40% of overall revenue share. It is expected to grow at a CAGR of around 5% till 2024. Browse Detail Report@ https://www.hexaresearch.com/research-report/kitchen-appliances-market Fuel types comprise of electricity, cooking gas, solar energy, fuel wood, biogas, and renewable energy. On the basis of product structure, the industry is bifurcated into built-in and free standing appliances. Applications are split into commercial and residential. Commercial refrigerators are widely used in supermarkets, convenience stores, restaurants specialty food stores, grocery stores, and cafeterias. Residential segment was valued surpassing USD 100 billion in 2014. It is expected to be the leading sector in the coming years. Regions encompass North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America is likely to dominate global revenue in the coming years. Asia Pacific kitchen will witness a considerable growth due to the rise in the middle class population. The ‘Make in India’ program established by the Indian government can further boost the market competitors and growth in the region in the coming years. Some of the major industrial players are Samsung Electronics, Whirlpool Corporation, Haier Group, LG Electronics, and Morphy Richards Limited. Development strategies include acquisition and product launch. Acquisition helps companies share technological Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

  3. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future requirements. Electrolux introduced an in-oven Cam prototype, which is an oven with a built-in camera to monitor food. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-devices-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow us on Linkedin: https://www.linkedin.com/company/hexa-research Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

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