Market Forecast By Types (Housewares, Fans), By Electric Fans Types (Ceiling Fans, Floor Fans, Wall-mounted Fans), By Electric Housewares Types (Air purifiers, Blenders, Broilers, Hair curlers, Heaters, Toothbrushes, Others) And Competitive Landscape
Product Code: ETC019434 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Myanmar Electric Housewares and Fans Market |
Forecast period | 2025-2031 |
CAGR | 7% |
Growing Sector | Household Appliances |
The Myanmar Electric Housewares and Fans Market report thoroughly covers the market by Types, Electric Fans Types, and Electric Housewares Types. The report provides an in-depth and thorough analysis of the current market trends, opportunities/high growth areas, and market drivers which will help stakeholders in formulating and aligning their market strategies according to the present and future market dynamics.
The Myanmar Electric Housewares and Fans Market is projected to witness substantial growth during the forecast period. This growth can be attributed to the growing urbanization and rising disposable income.
According to 6Wresearch, the Myanmar Electric Housewares and Fans Market is expected to grow at a CAGR of 7% during 2025-2031. The growth of the Myanmar Electric Housewares and Fans Market is driven by several factors, including increasing urbanization and disposable income in the country. With more people moving to cities for better job opportunities and higher incomes, there is a greater demand for household appliances such as electric fans and housewares. Additionally, government initiatives for electrification have also played a crucial role in boosting the sales of these products in the market. Furthermore, with growing awareness about energy conservation and sustainable living, consumers are increasingly opting for energy-efficient electric products, leading to an increase in their demand.
Despite the promising growth prospects, the Myanmar Electric Housewares and Fans Market faces challenges. These include the lack of infrastructure in certain areas of Myanmar, especially in rural regions. This makes it difficult for manufacturers to reach potential consumers and distribute their products effectively. Additionally, high import duties on electronic appliances also pose a challenge for international players trying to enter the market.
Key players in the Myanmar Electric Housewares and Fans Market include international brands like Electrolux, Whirlpool Corporation, LG Electronics, Panasonic Corporation, Samsung Electronics, and Dyson. These companies are investing heavily in R&D to create innovative and efficient products to expand their market presence. Currently, Electrolux holds the largest share in the market.
The Government of Myanmar has implemented several regulations and policies to promote the use of energy-efficient appliances in the country. These include setting up energy efficiency standards for household appliances and providing subsidies and incentives for households that purchase these products. In addition, the government is also promoting the use of renewable energy sources such as solar power, which can further drive the demand for energy-efficient electric housewares and fans. Moreover, with increasing concerns about environmental sustainability, the government has also introduced regulations to reduce carbon emissions from electronic devices. This has led manufacturers to develop more eco-friendly products, which can help in reducing their carbon footprint and meet regulatory requirements.
The Myanmar Electric Housewares and Fans Market is expected to continue growing in the coming years, driven by factors such as increasing urbanization, electrification, and changing lifestyles, advancements in appliance technology, and the rising trend of smart appliances. With ongoing technological advancements and focus on R&D, more innovative and efficient appliances are being introduced into the market. The implementation of government regulations and initiatives towards sustainable practices will also play a significant role in shaping the future of the market. Moreover, with the increasing awareness about energy efficiency and a shift towards smart appliances, there is an opportunity for companies to capitalise on this trend by offering innovative and environmentally friendly alternatives in their product portfolio.
According to Dhaval, Research Manager, 6Wresearch, Electric Housewares hold the dominant market share due to their wide applications and convenience.
Ceiling fans are expected to hold the dominant share due to their energy efficiency and wide use in residential and commercial buildings.
Air purifiers are expected to dominate due to their increasing demand amid growing health concerns and environmental pollution.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Myanmar Electric Housewares and Fans Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Electric Housewares and Fans Market Revenues & Volume, 2021 & 2031F |
3.3 Myanmar Electric Housewares and Fans Market - Industry Life Cycle |
3.4 Myanmar Electric Housewares and Fans Market - Porter's Five Forces |
3.5 Myanmar Electric Housewares and Fans Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Myanmar Electric Housewares and Fans Market Revenues & Volume Share, By Electric Fans Types, 2021 & 2031F |
3.7 Myanmar Electric Housewares and Fans Market Revenues & Volume Share, By Electric Housewares Types, 2021 & 2031F |
4 Myanmar Electric Housewares and Fans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Myanmar Electric Housewares and Fans Market Trends |
6 Myanmar Electric Housewares and Fans Market, By Types |
6.1 Myanmar Electric Housewares and Fans Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Housewares, 2021 - 2031F |
6.1.4 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Fans, 2021 - 2031F |
6.2 Myanmar Electric Housewares and Fans Market, By Electric Fans Types |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Ceiling Fans, 2021 - 2031F |
6.2.3 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Floor Fans, 2021 - 2031F |
6.2.4 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Wall-mounted Fans, 2021 - 2031F |
6.3 Myanmar Electric Housewares and Fans Market, By Electric Housewares Types |
6.3.1 Overview and Analysis |
6.3.2 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Air purifiers, 2021 - 2031F |
6.3.3 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Blenders, 2021 - 2031F |
6.3.4 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Broilers, 2021 - 2031F |
6.3.5 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Hair curlers, 2021 - 2031F |
6.3.6 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Heaters, 2021 - 2031F |
6.3.7 Myanmar Electric Housewares and Fans Market Revenues & Volume, By Toothbrushes, 2021 - 2031F |
7 Myanmar Electric Housewares and Fans Market Import-Export Trade Statistics |
7.1 Myanmar Electric Housewares and Fans Market Export to Major Countries |
7.2 Myanmar Electric Housewares and Fans Market Imports from Major Countries |
8 Myanmar Electric Housewares and Fans Market Key Performance Indicators |
9 Myanmar Electric Housewares and Fans Market - Opportunity Assessment |
9.1 Myanmar Electric Housewares and Fans Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Myanmar Electric Housewares and Fans Market Opportunity Assessment, By Electric Fans Types, 2021 & 2031F |
9.3 Myanmar Electric Housewares and Fans Market Opportunity Assessment, By Electric Housewares Types, 2021 & 2031F |
10 Myanmar Electric Housewares and Fans Market - Competitive Landscape |
10.1 Myanmar Electric Housewares and Fans Market Revenue Share, By Companies, 2024 |
10.2 Myanmar Electric Housewares and Fans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |