Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global electrical equipment market grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrical equipment market is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market. Africa was the smallest region in the global electrical equipment market. The regions covered in the electrical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electrical equipment market is segmented - 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable

Personal services refer to those agencies that provide physical day-to-day household and individual assistance services to people. Personal services are provided to eligible beneficiaries to help them stay in their own homes and communities rather than live in institutional settings, such as nursing homes. The main types of personal services are personal care services, death care services, dry-cleaning, laundry services, other personal services, and private household services. Personal care services are hands-on services that help a person with essential daily chores that they are unable to do on their own. The different modes include online, and offline and are distributed through various channels such as specialty retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and others. The personal services market research report is one of a series of new reports from The Business Research Company that provides personal services market statistics, including the personal services industry global market size, regional shares, competitors with a personal services market share, detailed personal services market segments, market trends and opportunities, and any further data you may need to thrive in the personal services industry. This personal services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global personal services market grew from $1,150.72 billion in 2022 to $1,240.07 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The personal services market is expected to grow to $1,632.08 billion in 2027 at a CAGR of 7.1%. The personal services market's growth is expected to be aided by a stable economic growth forecast in many developed and developing countries. According to the International Monetary Fund (IMF), the global real GDP growth reached 3.7% in 2019 and 2020 and is expected to reach 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to official data from the World Bank, the GDP of India increased to reach $3173.40 billion in 2021, compared to $2667.69 billion in 2020. Stable economic growth is expected to increase disposable incomes, driving the demand for personal services. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the personal services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the personal services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Personal care service companies such as beauty salons, and spas are increasingly marketing their services through online platforms. These websites or applications allow customers to book appointments with beauticians who provide services such as haircuts, styling, makeup, massage, and others at the customer's premises. For instance, Lisa, an online platform offers haircuts, massages, manicures, and others at home upon making a prior booking. Other such online personal care service platforms include Glamsquad, Urbanclap, Luxit, and Glamazon. Major companies in the personal services market include Service Corporation International, Elis SA, Fantastic Sams, Weight Watchers International Inc., Spotless Group Holdings Ltd., Tivity Health, Dignity plc, Regis Corporation, and ProSiebenSat.1 Media SE and CSC Serviceworks Holdings Inc. Asia-Pacific was the largest region in the personal services market in 2022. North America was the second-largest region in the personal services market. The regions covered in the personal services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the personal services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The personal services market consists of revenues earned by entities that provide personal services to individuals, households, and businesses such as beauty salons, diet and weight-reducing centers, spas & massage parlours, funeral homes, and funeral services, cemeteries and crematories, dry-cleaning and laundry services (except coin-operated), photofinishing, parking lots and garages. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global personal services market is segmented - 1) By Type: Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services 2) By Mode: Online, Offline 3) By Distribution Channel: Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels Subsegments Covered: Beauty Salons, Diet And Weight Reducing Centers, Spas & Massage Parlors, Other Personal Care Services, Funeral Homes And Funeral Services, Cemeteries And Crematories, Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (except Coin-Operated), Linen And Uniform Supply, Pet Care (except Veterinary) Services, Photofinishing, Parking Lots And Garages, All Other Personal Services, In-house Workers, Outside Workers

The soap and cleaning compounds refer to cleaning products, surface-active agents, and textile and leather finishing agents used to clean, reduce tension, or speed the drying process. These products generally contain spreading and wetting properties. The main types of soap and cleaning compounds are soap and other detergents, surface-active agents, polish, and other sanitizing goods. Surface active agents are substances that will reduce the surface tension of a liquid in which they are dissolved, thereby increasing their spreading and wetting properties. The categories are mass and premium. The applications are household and commercial. The end-use applications are health and beauty, dishwashers, clothes, and other end-use applications. The distribution channels are hypermarkets and supermarkets, e-commerce, pharmacy stores, and other distribution channels. The soap and cleaning compounds market research report is one of a series of new reports from The Business Research Company that provides soap and cleaning compounds market statistics, including soap and cleaning compounds industry global market size, regional shares, competitors with a soap and cleaning compounds market share, detailed soap and cleaning compounds market segments, market trends and opportunities, and any further data you may need to thrive in the soap and cleaning compounds industry. This soap and cleaning compounds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global soap and cleaning compounds market grew from $172.88 billion in 2022 to $185.1 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The soap and cleaning compounds market is expected to grow to $246.93 billion in 2027 at a CAGR of 7.5%. The global population was 7.9 billion in 2022, thus increasing the global demand for soaps and cleaning products. This significant rise in demand from the population for end-use products gave a major boost to the overall soap and cleaning compounds market. Additionally, rapid urbanization, especially in developing economies, supported the demand for these compounds through increased end-use product consumption. The raw materials market is highly volatile, and this is expected to have a negative impact on the growth of the soap and cleaning compounds market during the forecast period. When increasing raw material costs coincide with decreasing sales prices, soap and cleaning companies have to compromise on their profit margins. Rising trucking, railroad, dry-bulk, and air-freight rates are also negatively impacting the market. Soap and cleaning product manufacturers are extremely sensitive to fluctuating raw material costs. Companies in the industry are replacing triclosan and triclocarban with chemicals such as benzalkonium chloride, benzethonium chloride, or chloroxylenol (PCMX) as they are known to be harmful to both health and the environment. Triclosan and triclocarban are the anti-microbial ingredients used in personal care products to stop or slow the growth of bacteria that cause harm. These agents are used in products such as soaps, lotions, hand washes, toothpaste, mouthwashes, soaps, deodorants, and cleaning compounds. The Food & Drug Administration stated that the manufacturers did not demonstrate the ingredients to be safe for long-term daily use and more effective in preventing illness and the spread of infections. They are also found in water bodies, thus affecting marine life. For instance, P&G and Unilever, consumer product companies, stopped manufacturing and using triclosan and triclocarban agents and are replacing them with other chemical ingredients. Major companies in the soap and cleaning compounds market include Procter & Gamble, Unilever plc, SC Johnson & Son Inc., Henkel AG & Co KGaA, Ecolab Inc., BASF SE, Colgate-Palmolive co, Kao Corporation, Reckitt Benckiser Group plc, and The Clorox Co. Asia-Pacific was the largest region in the soap and cleaning compounds market in 2022. Western Europe was the second-largest region in the soap and cleaning compounds market. The regions covered in the soap and cleaning compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the soap and cleaning compounds market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The soap and cleaning compounds market consists of the sales of detergents, degreasers, abrasives, and acids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global soap and cleaning compounds market is segmented - 1) By Type: Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods 2) By Application: Household, Commercial 3) By Distribution Channel: Hypermarkets/Supermarkets, E-Commerce, Pharmacy Stores, Other Distribution Channels 4) By Category: Mass, Premium 5) By End User Application: Health & Beauty, Dishwash, Clothes, Other End Use Applications

Personal goods repair and maintenance refer to the service of repair and maintenance of such goods that are primarily used for personal, family, and household purposes. Repair and maintenance can help identify any environmental problems and root causes of failure, and saves the cost of new piping and foundation changes. The main types of personal goods repair and maintenance are home and garden equipment repair and maintenance, appliance repair and maintenance, reupholstery and furniture repair, footwear and leather goods repair, and other personal and household goods repair and maintenance. Organizations engaged primarily in repairing and maintaining home and garden equipment and household appliances make up the home and garden equipment repair and maintenance business. Lawnmowers, edgers, ice and leaf cleaners, washing machines and dryers, and freezers are all repaired and maintained by businesses in this field. The different modes include online, and offline and involve various service types such as inspection, maintenance, and repair. The personal goods repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides personal goods repair and maintenance market statistics, including personal goods repair and maintenance industry global market size, regional shares, competitors with a personal goods repair and maintenance market share, detailed personal goods repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the repair and maintenance of the personal goods industry. This personal goods repair and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global personal goods repair and maintenance market grew from $135.63 billion in 2022 to $144.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The personal goods repair and maintenance market is expected to grow to $182.22 billion in 2027 at a CAGR of 5.9%. Mobile apps are being adopted to connect consumers with appliance repair professionals. Several personal goods repair and maintenance companies are offering apps to better connect with customers and increase their reach locally. The apps tap into the current consumer trend of instinctively reaching out to their mobile phones at a moment’s notice to search for and order goods. For example, Serviz, an app for home services offers personal goods repair services with prices in some of the major American metropolitan areas. The plumber’s app allows consumers to search for nearby plumbers and send repair or maintenance requests. Major companies in the personal goods repair and maintenance market are Encompass Supply Chain Solutions, uBreakiFix, Moduslink Global Solutions, Mendtronix Inc., and The Cableshoppe Inc. Asia-Pacific was the largest region in the personal goods repair and maintenance market in 2022. Western Europe was the second-largest region in the personal goods repair and maintenance market. The regions covered in the personal goods repair and maintenance market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the personal goods repair and maintenance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The personal goods repair and maintenance market consists of revenues earned by entities that provide services such as Air-conditioners, window, repair and maintenance services, Furniture refinishing shops, Furniture reupholstering shops, Garden tool sharpening and repair services, Tool, home and garden, sharpening and repair services without retailing new home and garden tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global personal goods repair and maintenance market is segmented - 1) By Type: Home And Garden Equipment Repair And Maintenance, Appliance Repair And Maintenance, Reupholstery And Furniture Repair, Footwear And Leather Goods Repair, Other Personal And Household Goods Repair And Maintenance 2) By Mode: Online, Offline 3) By Service Type: Inspection, Maintenance, Repair

The electric motor is defined as an electric machine that converts electrical energy into mechanical energy and supplies power to the devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. The main types of electric motor manufacturing are alternate current (AC) motor, direct current (DC) motor, and hermetic motor. A hermetic motor contains both the compressor and the motor within a single outer welded steel shell. The motor and compressor are connected directly on the same shaft, with the motor located within the refrigeration circuit. As a result, the need for a shaft seal and the resulting refrigerant leakage problem was eliminated. Welding or brazing is used to connect all refrigerant pipelines to the outer steel shell. The voltage of an electric motor ranges from 9v and below, 10-20 v, 21-60 v, 60 v, and above, and various output power are integral horsepower (IHP) and fractional horsepower (FHP). The different speeds of the electric motor are low-speed (less than 1,000 rpm), medium-speed (1,001 to 25,000 rpm), high-speed (25,001 to 75,000 rpm), ultra-high-speed (greater than 75,001 rpm) that are used for industrial machinery, motor vehicle, HVAC equipment, aerospace and transportation, household appliances, other commercial applications. The electric motor manufacturing market research report is one of a series of new reports from The Business Research Company that provides electric motor manufacturing market statistics, including electric motor manufacturing industry global market size, regional shares, competitors with an electric motor manufacturing market share, detailed electric motor manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the electric motor manufacturing industry. This electric motor manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global electric motors market size will grow from $97.15 billion in 2022 to $102.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric motors market size is expected to grow to $123.54 billion in 2027 at a CAGR of 4.7%. An increase in the sale of electric vehicles is expected to propel the growth of the electric motors market. An electric vehicle (EV) is a vehicle that is entirely or partially powered by electricity. The growing popularity of electric vehicles drives the demand for electric to drive the wheels. For instance, according to the 2020 International Energy Agency (IEA) report, a France-based independent intergovernmental organization, 10 million electric vehicles were in circulation worldwide, up 43% from 2019. Additionally, it is estimated that by 2040, electric vehicle sales will account for 58% of all passenger car sales worldwide, up from an estimated 28% in 2030. Therefore, the growing demand for electric vehicles (EVs) is driving the growth of the electric motors market going forward. Increased tariffs on raw materials such as steel and aluminum will restrain the market for motor manufacturing in the forecast period. Steel and aluminum are predominantly used in the manufacture of components for motors. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, in February 2020, the USA administration decided to raise tariffs on derivative steel and aluminum imports by 25% and 10%, respectively. Motor manufacturing companies are increasingly manufacturing IoT-enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behavior and sends an alert upon detecting any deviation from normal behavior. Smart motors offer several benefits such as increased lifespan of equipment and improved safety. In November 2021, Renault Group, a France-based automotive company acquired Whylot for an undisclosed amount. Through this acquisition, Renault Group aims to to develop and industrialise an innovative axial-flow automotive e-motor and a breakthrough technology for electrified applications. Whylot, a France-based company specializing in innovative electric motors. Major players in the electric motor manufacturing market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., and Baldor Electric Company, Inc. Asia-Pacific was the largest region in the electric motor manufacturing market in 2022. Western Europe was the second-largest region in the global electric motors market. The regions covered in the global electric motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric motor manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The electric motor market consists of sales of rotor, bearings, stator, air gap, windings, commutator, and other electric motors. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electric motors market is segmented - 1) By Type: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor 2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP) 3) By Voltage Range: 9v & Below, 10-20 v, 21-60 v, 60 v And Above 4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications 5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)

A household-type fan is defined as a device that consists of a rotating arrangement of blades designed to circulate air throughout an entire room. The main types in the household fans manufacturing market are ceiling fans, table fans, pedestal fans, exhaust fans, wall fans. Ceiling fans in the household fans manufacturing market refer to the fan that is mounted on a ceiling. The various types of current are ac residential fans, dc residential fans. The various distribution channels are store-based retailing, direct sales, non-store-based retailing. These are used in the home, and commercial. The household fans manufacturing market research report is one of a series of new reports from The Business Research Company that provides household fans manufacturing market statistics, including household fans manufacturing industry global market size, regional shares, competitors with a household fans manufacturing market share, detailed household fans manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the household fans manufacturing industry. This household fans manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global household type fans market will grow from $29.24 billion in 2022 to $30.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household type fans market is expected to grow to $36.44 billion in 2027 at a CAGR of 4.2%. Increased electrification especially in rural areas has contributed to the growth of the household fans market in the historic period. Electrification coupled with the rise in disposable income has boosted the demand for household fans. For example, in India, the percentage of the rural population with access to electricity increased to 89.3%. The Percapita net disposable income increased to $2,018.53. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for household fans. Increased tariffs on raw materials such as steel and aluminum restrained the market for household fans in the historic period. Steel and aluminum are predominantly used in the manufacture of components such as blades for fans. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, the USA imposed 25% and 10% tariffs on the import of steel and aluminum respectively. Household fan manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans. In May 2022, RR Kabel, an India-based wire and cable manufacturer company acquired Luminous Home Electrical business from Schneider for an undisclosed amount. This acquisition will benefit RR Kabel's consumer electricals business, which includes a diverse portfolio of fans, lighting, and appliances. Luminous Home Electrical Business is an India-based electronics and electrical company. Major players in the household fans manufacturing market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, and Panasonic. The Asia-Pacific was the largest region in the household fans market in 2022. Western Europe is the second-largest region in the global household fans market. The regions covered in the global household fans manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household fans manufacturing market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The household type fans market consists of sales of ceiling fans, table fans, pedestal fans, exhaust fans, wall fans, and other household type fans. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global household fans market is segmented - 1) By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans 2) By Type of Current: AC Residential Fans, DC Residential Fans 3) By Application: Home, Commercial 4) By Distribution Channel: Store-based Retailing, Direct Sales, Non-Store-based Retailing

The durable goods merchant wholesalers market consists of sales of capital or durable goods by entities (organizations, sole traders, partnership) to other businesses by durable goods merchant wholesalers. They generally take title to the goods that they sell; in other words, they buy and sell goods on and generally take title to the goods that they sell; in other words, they buy and sell goods on their account. Durable goods are new or used items generally with a normal life expectancy of three years or more. The main types of durable goods merchant wholesalers are motor vehicle and motor vehicle parts and supplies merchant wholesalers, furniture and home furnishing merchant wholesalers, lumber and other construction materials merchant wholesalers, professional and commercial equipment and supplies merchant wholesalers, metal and mineral (except petroleum) merchant wholesalers, household appliances and electrical and electronic goods merchant wholesalers, hardware, and plumbing and heating equipment and supplies merchant wholesalers, machinery, equipment, and supplies merchant wholesaler, and miscellaneous durable goods merchant wholesalers. The lumber and other construction materials merchant wholesalers industry includes lumber, plywood, millwork, wood panel, brick, stone, roofing, siding, and insulation material merchant wholesalers. The ownership includes the wholesale or distribution chain and independent wholesalers. The global durable goods merchant wholesalers market size is expected to grow from $29.45 trillion in 2021 to $31.85 trillion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The global durable goods merchant wholesalers market size is expected to grow to $37.95 trillion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growing demand for wholesale sector is expected to propel the growth of the durable goods merchant wholesalers market going forward. Wholesale sector refers to the distribution channel that buy goods in bulk amount from manufacturers or producers and sell to retailers or resellers rather than to consumers. The wholesale trade for durable goods includes products such as motor vehicles, machinery and equipment (including appliances for the home), building supplies, furniture, sporting goods, metals and minerals (aside from petroleum), toys, and hobby items, recyclable materials, and components. For instance, according to Statistics Canada, an agency of the Government of Canada, in June 2022, the wholesale sales reached $80.7 billion with a monthly increase of 0.1%. Therefore, the growing demand for wholesale sector driving the growth of the durable goods merchant wholesaler’s market. Technology implementation in the wholesale industry increases efficiency and streamlines operations. Digitization in the wholesale trade market enhances the customer experience by efficiently engaging with them through seamless connectivity. Digitization allows wholesale companies to automate their sales order process and create an omnichannel strategy that interacts with customers on all sales channels and gives customers multiple purchase options. Wasco, a leading wholesaler of central heating and plumbing products, is using a solution that manages and publishes product information across all channels to create a unique omnichannel customer experience. The major players in the durable goods merchant wholesalers market are Avnet, McKesson, SYSCO, Brenntag, and Medical. Asia-Pacific was the largest region in the durable goods merchant wholesalers market in 2021. Western Europe is expected to be the fastest-growing region in the global durable goods merchant wholesalers market during the forecast period. The regions covered in the global durable goods merchant wholesalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the durable goods merchant wholesalers market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global durable goods merchant wholesalers market is segmented - 1) By Type: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers, Furniture and Home Furnishing Merchant Wholesalers, Lumber and Other Construction Materials Merchant Wholesalers, Professional and Commercial Equipment and Supplies Merchant Wholesalers, Metal and Mineral (except Petroleum) Merchant Wholesalers, Household Appliances and Electrical and Electronic Goods Merchant Wholesalers, Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers, Machinery, Equipment, and Supplies Merchant Wholesaler, Miscellaneous Durable Goods Merchant Wholesalers 2) By Ownership: Wholesale/Distribution Chain, and Independent Wholesalers

Household Appliances Market Definition