Heat pumps: The appliance for a climate-resilient planet
8 May 25Heat pumps are set to lead the future of heating and cooling, with a rapidly growing market in Europe and a global opportunity worth USD 3 trillion for manufacturers.
Euromonitor International
Heat Pumps: The Low-carbon Heating and Cooling System of the Future
8 May 25Heat pumps are the low-carbon heating and cooling systems of the future. The EU has identified them as a sustainable solution to reach its goal of energy independence and decarbonisation. In the long term, heat pumps have the potential to replace air conditioners and boilers, becoming the all-in-one air treatment appliance.
Tim Chuah
Major Appliances Industry Overview
31 Mar 25This infographic highlights recent trends in major appliances, and Euromonitor's projections for the industry.
Euromonitor International
CES 2025: AI Takes Centre Stage, Shifting Focus Beyond the Hype
23 Jan 25It is impossible to review CES 2025, the annual tech extravaganza in Las Vegas, without mentioning AI, especially with every major company at the event touting their AI offering. This year, AI agents and physical AI emerged as key themes, demonstrating how this transformative technology is poised to reshape our homes, workplaces, and the world around us.
Tim Chuah
Five Appliances Trends to Watch in 2025
13 Dec 24AI-powered appliances take centre stage at CES 2025, and not only limited to the premium range. We expect a greater number of medium- to high-end products being AI integrated as companies seek to lock consumers into their ecosystems. Once in, companies will prioritise servitization to monetise the opportunities that AI will present.
Tim Chuah
Clean Sweep - Innovation Driving Sales of Vacuum Cleaners in China
17 May 24The Chinese vacuum cleaner market is the most competitive and innovative. Brands are known to launch two new models a year, trying to compete with each other through innovation. These brands are now at the cutting edge of technological development, particularly evident in self-cleaning wet and dry vacuum models. Euromonitor International analyses the current state of play in this article.
Tim Chuah
Five Small Appliances Trends to Watch in 2024
5 Apr 24In 2023, small appliances witnessed modest growth, mainly driven by the replacement of products purchased during the pandemic. The response to COVID-19 had a habit-forming impact on many consumers, who have become used to making coffee at home using espresso machines and enjoying the convenience of a robotic vacuum cleaner. Many of these appliances are now an integral part of a consumer’s home. However, growth was weaker than predicted, as high interest rates and inflation resulted in reduced disposable incomes.
Jason Tjiptadi
Growth Opportunities for Consumer Appliances in Asia Pacific
16 Feb 24Consumer appliances is expected to grow in 2024 after a slow two years when sales were heavily impacted by inflation. Momentum will carry-on for the next five years, supported by growing middle-income households, a fast-growing economy, and low possession rate. This will be driven by three key forecast drivers: Space, Smart Home, and Sustainability.
Jason Tjiptadi
Premiumisation in Appliances: Sustainability or Technology Leadership?
1 Feb 24Industry stakeholders are increasingly debating between sustainability and technology leadership strategies in the appliances market. As margins continue to shrink, leadership in either category is critical to maintain continued competitiveness. In this briefing, we will debate the merits of both approaches and find a potential path to sustained growth and profitability for companies.
Tim Chuah
Identifying Air Conditioner's Next Growth Market Using the Forecast Model
19 Jan 24The Forecast Model for Consumer Appliances and Consumer Electronics was built to help the industry understand growth drivers in an easy-to-understand visual presentation. It provides tools to easily compare market growth and growth decomposition by product and country. In this piece, we will take you through a step-by-step methodology to identify which are high growth markets and the growth drivers behind them.
Tim Chuah
Five Appliances Trends to Watch in 2024
5 Dec 232024 promises to be an exciting year for the appliances industry. As inflation fears subside together with the expectation of no more rate hikes and, dare we say it, a cut in rates, the next year is full of growth opportunities.
Tim Chuah
Forecast Model for Consumer Appliances and Consumer Electronics
23 Nov 23The durables (Consumer Appliances and Consumer Electronics) market is changing rapidly and the environment in which it operates is more turbulent than ever. Euromonitor International is delighted to introduce a new tool, the Forecast Model Durables (FM Durables), that can assist in plotting a course through this disruption and navigate future market evolution.
Loo Wee Teck
IFA Leaders Summit
Messe Berlin Messedamm 22 14055 Berlin 1 Sep 23 | CET: 11:30 AMFor almost 100 years, IFA has been at the forefront of innovations and presents the latest products and innovations from around the world.
Ratna Sita Handayani
Five Small Appliances Trends to Watch in 2023
20 Jul 23In 2022, the small appliances industry declined as sales normalised from the pandemic peak of 2020 and 2021. Pandemic staples such as kitchen appliances and hygiene-related categories such as vacuum cleaners or air purifiers were the most impacted
Veronika Kandusova
Top Three Trends Shaping Home Care in Southeast Asia
3 Apr 23In 2022, Southeast Asia accounted for 19% of home care sales in Asia Pacific, second only to China. It is a dynamic region, which offers immense growth potential. Southeast Asia is home to high growth economies such as Indonesia, Philippines and Vietnam which, as per Euromonitor International’s data, are expected to grow faster than China over the forecast period.
Sahiba Puri
Connectivity, Smart Home and Sustainability at IFA2022 Berlin
21 Oct 22IFA 2022 Berlin took place in a physical space for the first time after a three-year break. The conference featured the latest product innovations and industry hot topics, and also allowed experts to get back together. The 2022 IFA conference revolved around three themes, as expressed by IFA’s Senior Vice President David Ruetz in his opening speech – connectivity, smart home and sustainability.
Valeriya Sorokina
Tracking Price Dynamics of Blenders at Best Buy in the US
20 Oct 22Via, Euromonitor International’s e-commerce tracking tool for online prices, availability and ratings for stock keeping units (SKUs), can easily identify trends in the market and provide strategic and tactical recommendations. In this piece, we will take a granular look at how blenders have performed at the US’s largest electronics and appliance specialist retailer, Best Buy.
Jared Conway
Elevated Prices of Appliances to Continue into 2023
6 Oct 22Appliance prices have been rising since Q2 2020. Although aluminium and copper are approaching pre-pandemic prices, and logistics costs are coming down, high energy prices and labour costs continue to drive inflation. The industry also faces a high interest rate environment with deteriorating housing markets. High prices and low demand could be a worst case scenario for the industry.
Tim Chuah