Global White Goods Market is expected to reach USD 386,495.23 million by 2026, growing at a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The white goods market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing demand of white goods in household appliances industry due to rising number of advanced models of products. Due to their increased use in residential, commercial or industrial areas compared to all the other equipment having wide applications in the field of maintenance of temperature inside a room, heating and cooling equipment are dominating the white goods market.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in April 2017, Daewoo electronics launched its Air Bubble 4D Washing Machine. The product was developed as company’s first product of its global platform project. The company invested a total amount of USD 18.28 million in the R&D, design and manufacturing development of air bubble 4D washing machine.
Haeir Inc. dominated the global white goods market. The other key players existing in the market includes Johnson Control, Panasonic Corporation, Whirlpool Corporation, IFB Industries, Samsung, LG Electronics, Symphony Limited, Blue Star Limited, ARÇELİK A.Ş., Godrej & Boyce Mfg. Co. Ltd., AB Electrolux, Hitachi, Ltd., Sharp Corporation, Midea Group, Siemens, TCL Corporation, Mitsubishi Electric Corporation, Robert Bosch GMBH, The MiddleBy Corporation and many others.
Haeir, Inc. headquartered in Qingdao, China was founded in 1984. The company is engaged in providing better life solutions through its white goods productions and IoT economy. The company has eight operating divisions namely refrigerators, washing machines, air conditioners, kitchen appliance products, water heaters, equipment components and channel integrated service business & other.
The refrigerator segment deals in different types of refrigerators such as two-door/ three-door refrigerator or multi-door refrigerators. The air conditioners segment has different kinds of air conditioners such as central air conditioning systems or multi-functional air conditioners. The kitchen appliances include the freezers, cooktops, range hoods, ovens, gas stoves and many other kitchen appliances. The water heaters include air energy, gas and solar water heaters. The channel integrated service business includes the smart home solution products with advanced developed technology.
It has its global networks in Mainland China and Other regions which include America, Australia, South Asia, Europe, Southeast Asia, Middle East, Japan and others. The company has various subsidiaries such as Qingdao Haier Air-Conditioner Electronics Co., Ltd (China), Hefei Haier Air-conditioning Co., Limited (China), Wuhan Haier Electronics Co., Ltd. (China) and Guizhou Haier Electronics Co., Ltd (China) and others.
Johnson Control headquartered in Wisconsin, U.S. was founded in 1885. The company is engaged in developing smart data driven products and solutions using sensors and artificial intelligence. The company operates through two business segments which include building technologies & solutions and power solutions.
The building technologies & solutions dealt in the production of heating and air conditioning systems for residential and commercial areas, refrigeration systems, manufacturing of fire protection and security products, anti-theft systems and video management systems for residential, commercial, industrial retail, small business, institutional and governmental arenas. Power solutions included automotive original equipment and battery technology with systems engineering and marketing.
It has its global networks in Africa, Asia-Pacific, Caribbean, Central America, Europe, Middle East, North America and South America. It operates through its subsidiaries such as SimplexGrinnell (U.S.), VARTA AG (Germany), Tyco Integrated Security (U.S.), York International (U.S.), Recaro (Germany), and others.
Panasonic Corporation is headquartered in Osaka, Japan founded in 1918. Panasonic Corporation operates through four major strategic business units which include automotive & industrial systems, appliances, eco solutions, and connected solutions.
Automotive & industrial systems include the vision sensing and energy solutions products and development whereas the eco solutions include lifestyle and architecture designs with advanced technologies. The connected solutions include the engineering products and solutions and the appliances segment deals in air conditioning systems, home appliances and innovative entertainment systems.
The company has wide geographical presence in the China, Japan, Asia, Europe and Americas. It operates through its subsidiaries such as Panasonic Homes Co., Ltd. (Japan), Panasonic Smart Factory Solutions Co., Ltd. (Thailand), Panasonic Ecology Systems Co., Ltd. (Japan), Panasonic Consumer Marketing Co., Ltd. (Japan) and others.
Global White Goods Market – Industry Trends and Forecast to 2026
Asia-Pacific White Goods Market – Industry Trends and Forecast to 2026
Europe White Goods Market – Industry Trends and Forecast to 2026
Middle East and Africa White Goods Market – Industry Trends and Forecast to 2026
North America White Goods Market – Industry Trends and Forecast to 2027