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.



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.



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