Market Share of Major Home Appliances Industry
The major home appliances market is highly competitive with some of the major companies such as LG, Samsung, GE electronics, Haier and Whirlpool. Companies are becoming technologically advanced and coming up with innovative features such as integrating their products with the IoT to make customers' lives comfortable and convenient. IoT is the interconnectivity of physical objects and devices that are integrated with sensors and software that allows them to exchange and collect data. Furthermore, manufacturers are mainly focusing on the development of self-directed, smart appliances with the integration of intelligent electronic control, sensors, and machine programming methods. Several companies such as LG and Samsung are getting ahead of the smart technologies revolution by offering products including smart washing machines and smart refrigerators.
Major Home Appliances Market Leaders
Haier Group
Whirlpool Corporation
AB Electrolux
BSH Hausgeräte GmBh
Samsung Electronics
GE
*Disclaimer: Major Players sorted in no particular order
