The Global Household Market Was Valued At $198 Billion In 2017


Posted April 12, 2018 by tbrc123

The market was valued at $198 billion in 2017 and is expected to increase in the demand for electricity from households and industrial establishments.

 
The Household includes natural gas used for household applications such as heating, cooking, drying and in gas fires.

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The market was valued at $198 billion in 2017 and is expected to increase in the demand for electricity from households and industrial establishments. In addition, most economies are expected to have low but improving economic growth with inflation slightly increasing, and improvements in the quality of life in developing countries over next few years will likely result in a rise in the sector.

Asia Pacific was the largest geographic region accounting for 0.4 percent of the market share due to the presence to a large number of households and industries in Asian countries such as China, India and Japan.

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The USA was the largest country accounting for 0.2 percent of the market share. This is due to the presence of a large number of households and industries, which use electricity for domestic and commercial purposes. The presence of natural gas–powered commercial vehicles also contributed to the large size of this market. And it is followed by China and India.

The major competitors in the market are P&G, Unilever, L’oreal group and Henkel. The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments.

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Tags cooking , drying , global report , household , market report
Last Updated April 12, 2018