Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 221 Billion | USD 441 Billion | 8% | 2023 |
FrequentlyAsked Questions
Allocating funds in energy-efficient devices is a smarter way of reducing carbon footprints and energy bills. Moreover, these products reduce power consumption, minimizing power utility bills, and environmental benefits.
The global energy-efficient appliances market will grow over the forecast period due to growing demand for high-quality devices with durability and high-performance yield.
According to a study, the global energy-efficient appliances industry size was $221 billion in 2023 and is projected to reach $841 billion by the end of 2032.
The global energy-efficient appliances market is anticipated to record a CAGR of nearly 8% from 2024 to 2032.
Asia-Pacific energy-efficient appliances industry is set to register the fastest CAGR over the forecasting timeline owing to Siemens AG, Samsung Electronics, Whirlpool Corporation, General Electric, LG Electronics, Haier Group Corporation, Panasonic Corporation, Midea Group, Electrolux AB, Bosch Home Appliances, Daikin Industries, and Carrier Global Corporation.
The global energy-efficient appliances market is led by players such as Metaco, Gemini Trust Company, LLC, BitGo, Inc., Coinbase, Inc., Paxos Trust Company, LLC, Ledger SAS, ICONOMI Limited, Xapo Holdings Limited, and Cipher Technologies Management LP.
The global energy-efficient appliances market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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