A new Report by Delvens, titled "Consumer Electronics Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Consumer Electronics Market is expected to register a CAGR of more than 5.8% during the forecast period to 2028, due to rising economies and evolving consumer lifestyles.
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Regional Analysis
Asia Pacific is expected to be the largest market of commercial refrigeration equipment during the forecast period. The increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the region.
Recent Developments
In January 2021, Samsung and Deutsche Telekom completed the first 5G SA trial in the Czech Republic. The two companies achieved outstanding results with Samsung’s MU-MIMO technology demonstrating three times higher spectrum efficiency compared to LTE.
In December 2020, South Korea-based LG Electronics Inc. and automotive supplier Magna International Inc. launched a joint venture that will make key components for electric cars.
Key Players of Consumer Electronics Market
· Whirlpool
· Haier
· Samsung Electronics
· LG Electronics
· Bosch
Consumer Electronics Market is segmented into product, distribution channel and region.
On the basis of Product
· Major appliances
· Small appliances
On the basis of Distribution Channel
· Multi-branded stores
· Speciality stores
· Online stores
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Consumer Electronics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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