According to Research and Markets, the built-in kitchen appliances market in India is expected to grow at a compounded average growth rate (Cagr) of 8.83% to reach a value of Usd 601.18 million by 2028. The growing disposable income and surge in purchasing power of consumers – the company explaines – enable them to invest in quality kitchen appliances. The rise in the working women population and the busy lifestyle of consumers is driving the demand for easy-to-operate kitchen appliances».
In addition, the country records a rapid expansion of the food industry and the growing use of advanced technology in built-in kitchen appliances, that is accelerating the demand for built-in kitchen appliances among consumers during the forecast period. The report “India Built-in kitchen appliances aarket. Competition, forecast & opportunities” also adds that among consumers preferences we can find advanced and user-friendly products and appliances. «The kitchen appliances are becoming smarter with the advent and integration of novel technologies in the existing system. Built-in kitchen appliances save a lot of space and are flexible enough for thorough cleaning and maintenance.
As main players of the sector in the Indian markets, the report quotes: Whirlpool of India Ltd., BSH Household Appliances Manufacturing Private Limited, Franke Faber India Private Limited, Hafele India Private Limited, Miele India Pvt. Ltd., Samsung India Electronics Private Limited, Haier Smart Home Co., Ltd, Kaff Appliances (India) Private Limited, IFB Appliances LTD, BlowHot Kitchen Appliances Pvt. Ltd.
The new lineup consists of Smart Appliances with AI TechnologyNew range with stylish design & smart features aims to make consumer lives comfortable & convenientLaunches 270+ models across categories Stunningly Stylish Refrigerators – InstaView Door-in-Door™ and Frost Free Refrigerators, AI Direct Drive Washing Machines, Puricare™ Wearable Air Purifier, VIRAAT Air Conditioners, UV+UF Water Purifiers and a new range of Charcoal Microwaves new products have inbuilt features like hygiene fresh in Refrigerator, inbuilt heater in washing machines for allergen care which cater to healthy living. 2022 LG Home Appliances’ latest product range including Insta View Refrigerator, new product categories like Wearable Air Purifier, AI DD Washing Machine and Dual Inverter Air Conditioner are the perfect example of great technology and stylish design. We are confident our consumers will appreciate the better and healthier lifestyle these products will offer. We aim to further strengthen our market leadership with this product portfolio.”
LG has revolutionized the design of the 2022 range of LG Side-by-Side and Frost Free Refrigerators to elevate the user experience and add elegance to the kitchen. With a new flat design and loaded with metallic decorations, the new refrigerators are minimal yet sophisticated.
The new range of Frost Free Refrigerators is equipped with E-micom, users can conveniently control the temperature settings without opening the door, significantly reducing the cold air loss. With the LG ThinQ, users can control key features and access the appliance remotely from anywhere. The latest LG refrigerators also come with Smart Learner powered by AI, which analyses the usage pattern of the refrigerator and optimizes cooling accordingly. With the help of various algorithms, the latest range of LG refrigerators monitors the hourly, daily and weekly data to deliver higher energy efficiency and long-lasting freshness for fruits and vegetables.The new InstaView Side-By-Side Refrigerator now has a 23% Bigger InstaView Window for a wider view of what’s inside. Simply knock twice on the tinted glass and it will illuminate the inside of the refrigerator – letting the users quickly access your favourite foods & beverages. The New Dispenser with UVnanoTM keeps the nozzle of the dispenser clean regularly. It automatically reduces 99.99#% of bacteria from the water nozzle with UV Light so that users can get clean, fresh water every time.
The Frost Free Refrigerators also come equipped with an all-new powerful Hygiene Fresh air filter. As confirmed by TUV Rheinland, this latest technology not just eliminates up to 99.99#% of bacteria but also deodorizes and purifies the air inside.
Further, the new refrigerators are packed with features such as DoorCooling+™ to ensure quicker cooling than a conventional system and prolonged freshness of the stored food items. LG’s exclusive DoorCooling+™ technology significantly reduces the temperature gap between the inner part and the door side of the compartment with dedicated vents at the door side that allows effective cooling of the beverages kept on the door shelves.
LG has launched Air Conditioners Powered by AI Technology. The latest range of air conditioners will come with multiple in-built sensors and a superior varied speed dual rotary compressor giving optimal cooling by automatically analyzing the inputs from the sensors.To provide consumers with a comfortable yet hygienic experience, LG has introduced PuriCare Wearable Air Purifiers, which are equipped with a set of HEPA Filters, Dual Fans, Voice ON, IPX4 technology, and much more. The Wearable Air Purifier is an innovative solution for breathing clean and pure air without any hassles. LG urges consumers to go wearable, go digital and go in style with the seamless and ergonomic design of the LG PuriCare Wearable air purifier. These sustainable Wearable Air Purifiers are the perfect easy-to-use solution for pure and clean air throughout the day.
LG AI Direct Drive Series in Front Load & Top Load Washing Machine is equipped with AI Direct Drive Technology and LG ThinQ which gives better wash performance and makes washing convenient for customers. The AI feature in washing machines can recognize fabric type, weight and chooses optimal wash patterns for better wash performance and fabric care. The Front Load has Direct Drive Motor with 6 Unique motions that enhances the overall wash performance and leads to less vibration and noise along with a bigger Drum capacity for heavy loads like curtains, sofa cover & bed sheets etc.
The New Top Load Washing Machine range uses the best-in-class TurboWash feature with the TurboDrum™ to help save time, energy, and water while protecting their clothes and lowering their carbon footprint. It also comes with an In-Built Heater to reduce the allergens and bacteria from the clothes, improving the overall hygiene
LG Healthy Microwave Oven boast as India’s only Microwave oven with Charcoal Lighting Heater and Healthy Heart™ Autocook Menu which offers a healthier and versatile cooking experience for the customers while retaining natural flavours and nutrition. LG Microwave Oven NeoChefTM series allows powerful & precise control up to (1200W), which ensures faster and more even cooking performance, unlike other Microwave Ovens. LG Microwave Oven comes with 401 Auto Cook Menu feature in the largest range, the DietFry™ feature lets up to 88^^% less usage of oil is a perfect treat for the health-conscious.
LG’s complete Range of Water Purifier are equipped with stainless steel storage tank, and customer also gets an Assured Maintenance Package under which the cleaning of the water purifier is done digitally with a Digital Sterilization Kit. The water purifier comes with an Enhanced water recovery feature, recovering More than 60**% water. Expanding the health and hygiene portfolio, LG recently launched its first UF+UV Water Purifier. LG’s UF+UV Water Purifier comes with a heavy metal removal filter that removes 7 Heavy Metals and Virus Clean + Filter.
LG Matt Black dishwasher is the latest addition to its dishwasher range. Equipped with True Steam ® and Quad Wash feature, the latest model ensures sparkling clean dishes from every angle. Inverter Direct Drive gives quiet, efficient yet reliable performance. Easy RackTM Plus adds convenience by cleaning various kinds of utensils at one go also it is LG ThinQTM enabled.
Elica, Italian manufacturer of kitchen range hoods, announced the completion, following the fulfilment of certain bureaucratic formalities, of the transaction for the sale of the controlling interest held in Elica PB India Private Ltd., announced on September 27, 2021. Elica therefore sold to Whirlpool of India Ltd. approx 19% of the share capital of the Indian subsidiary Elica PB India Private Ltd., together with the other Indian minority shareholders disposing of an additional approx. 19%.
Following the sale, Whirlpool of India holds approx. 87% of Elica PB India Private, while Elica and the group of other Indian minority shareholders retain a holding in the Indian company with a stake of approx. 6% each. Simultaneous to the purchase of the shareholding by Whirlpool of India, Elica PB India Private Ltd. signed new product supply and license agreements for the use of the Elica brand (Trademark & Technical License Agreement) and the Whirlpool brand (Trademark License Agreement) respectively in India.
Elica S.p.A., Whirlpool of India Limited and the other Indian shareholders also signed a shareholder agreement which stipulates, among other matters, a prohibition on the sale to third parties of their respective investments in Elica PB India Private Ltd within 90 days from the approval of the financial statements of Elica PB India Private Ltd for the year ending March 31, 2024.