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The global Kitchen Appliances Market was estimated at around USD 179 billion in 2015.
Moreover, rapid urbanization and product upgrade can also contribute to market growth.Increasing electricity costs and government focus to spread awareness about energy consumption can promote environment friendly and energy efficient products.
Health conscious and geriatric population requires kitchen appliances that require less oil.
It is expected to grow at a CAGR of around 5% till 2024.Fuel types comprise of electricity, cooking gas, solar energy, fuel wood, biogas, and renewable energy.
On the basis of product structure, the industry is bifurcated into built-in and free-standing appliances.Applications are split into commercial and residential.
Commercial refrigerators are widely used in supermarkets, convenience stores, restaurants specialty food stores, grocery stores, and cafeterias.