Advance Sensor Technology – A Game Changer For Household Appliances Market!

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.

The household appliance manufacturers are integrating their products with the IoT technology to make customers lives comfortable and convenient. Internet of Things technology is the interconnectivity of physical objects and devices that are integrated with sensors and software that allow them to exchange and collect data. Major technologies enabling smart household appliances include Wi-Fi, Bluetooth Low Energy, micro server and micro-electromechanical systems.

Household appliance manufacturing industry consists of establishments engaged in manufacturing of appliances used for various purposes at home such as household-type small electric appliances, electric and non-electric cooking appliances, refrigerators and home freezers, laundry equipment and other major household appliances.

The top five companies covered are Samsung Electronics, Panasonic Corporation, Whirlpool Corp, Bosch Gmbh and LG Electronics Inc. Samsung Electronics Co. Ltd was the largest company in the household appliances manufacturing market in 2017.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

Find TBRC’s report on the household appliances manufacturing market:

https://www.thebusinessresearchcompany.com/report/household-appliances-manufacturing-global-market-report-2018

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.

Download a sample report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=220&type=smp

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