Minimizing Power Consumption By Implementing LED Lights
Household appliance manufacturers are embedding LED lights in electronic products to minimize power consumption. LED lights require less wattage as compared to CFL or incandescent light bulbs due to which many kitchen designers suggest the use of LED lighting. Cooking electric appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting.
ELECTRICAL EQUIPMENT MANUFACTURING MARKET TO GROW TO $1.7 TRILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the electrical equipment manufacturing market to grow to $1.7 trillion in 2020. Asia Pacific was the largest region in the electrical equipment manufacturing market in 2016, accounting for $784 billion or 56.9% market share.
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The chart below shows the year-on-year growth of the global electrical equipment manufacturing market during 2016 - 2020.
According to The Business Research Company’s Electronics Consultant, Sindhu Kanuri, home appliance manufacturers are integrating advance sensor technologies with home appliances to enhance product features and minimize power and water consumption. Home appliance manufacturers are replacing large mechanical relays and switching technologies with MPU (Magnetic pickup) sensors and control systems. MPU’s are used in coordination with other electronic modules for monitoring parameters such as speed, direction of rotation and a range of alarm conditions. The use of sensors in home appliances minimizes power and water consumption to a large extent. For instance, appliances with sensors is estimated to be around 990 million units by 2017.
Samsung Electronics Co. Ltd was the largest competitor in the electrical equipment manufacturing market in 2016 with a revenue of $87 billion for the financial year 2015 from electrical equipment manufacturing. Samsung’s growth strategy aims at producing innovative audio video technologies through research and development.
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The electrical equipment industry comprises establishments manufacturing electric lighting equipment, household appliances, electrical equipment manufacturing batteries, wires, and relay and other electrical equipment, electronic products and components.
Electric Lighting Equipment Manufacturing – The electric lighting equipment manufacturing industry comprise establishments manufacturing electric lamp bulbs and lighting fixtures for residential, institutional, commercial, industrial and automotive purposes. Some products manufactured by this industry include are lamp bulbs such as automotive lighting, decorative bulbs, halogen bulbs, mercury halide bulbs etc. and their components. Electric lighting fixtures includes products ranging from simple table lamp fixtures to underwater lighting fixtures.
Household Appliance Manufacturing – Household appliance manufacturing industry consists of establishments engaged in manufacturing of appliances used for various purposes at home such as household-type small electric appliances, electric and non-electric cooking appliances, refrigerators and home freezers, laundry equipment and other major household appliances.
Electrical Equipment Manufacturing – The electrical equipment manufacturing industry comprise establishments manufacturing power, distribution, and specialty transformers, motors and generators, switchgear and switchboard apparatus and relay and industrial control equipment.
Batteries – The batteries industry comprises establishments include companies manufacturing storage and primary batteries. A battery is a device consisting of one or more electrochemical cells that produce electric current. Each cell produces electric current from the chemical reaction between the electrolyte and the terminals
Wiring – The wiring device manufacturing industry comprises establishments manufacturing current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. These include products such as connectors, bus bars, switches, lamp holders, electrical metallic tubes, junction boxes, transmission pole and line hardware, insulators and others.
Electrical Equipment Manufacturing Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.
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