In 2015, revenue for the Household Electrical Appliance Manufacturing industry in China is expected to total $39.8 billion, up 7.1% from 2014. The industry has been growing steadily, with revenue increasing at an annualized rate of 9.7% in the past five years. In 2015, industry output is estimated at 635.7 million units of household electrical appliances.
Investment in research and development (R&D) has increased greatly in recent years, especially in terms of microwave oven and electric cooker manufacturing. With the market becoming more competitive, innovation has become increasingly important.
The industry includes companies that manufacture household electrical appliances such as cookers, water heaters, steamers, fryers, range hoods, food processors, and cleaning appliances. Industrial stoves and other industrial household appliances are not included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.