Home appliance

The Worldwide Security Appliance Market Ends 2023 with a Stable Fourth Quarter and Annual Revenue Growth of 5.2%, According to IDC

Retrieved on: 
Thursday, March 7, 2024

According to the International Data Corporation ( IDC ) Worldwide Quarterly Security Appliance Tracker , total market revenue in the worldwide security appliance market reached $17.6 billion for the full year 2023, an increase of $868 million compared to 2022.

Key Points: 
  • According to the International Data Corporation ( IDC ) Worldwide Quarterly Security Appliance Tracker , total market revenue in the worldwide security appliance market reached $17.6 billion for the full year 2023, an increase of $868 million compared to 2022.
  • The fourth quarter (4Q23) remained relatively flat with total market revenue of $4.96 billion, an increase of 0.8% on a year-over-year basis, while security appliance shipments totaled 1.2 million units in the quarter.
  • IDC completed an update to its Security Appliances taxonomy and applied these changes in the first quarter of 2023.
  • Top 5 Companies, Worldwide Security Appliance Total Market Revenue, Market Share, and Growth, Fourth Quarter of 2023 (revenue in US$ millions)

HeatMate Revolutionizes Small Kitchen Appliances with Proprietary Graphite Technology Toaster Oven

Retrieved on: 
Tuesday, March 5, 2024

LOS ANGELES, March 5, 2024 /PRNewswire-PRWeb/ -- The benchmark testing, aimed at evaluating the performance of electric toaster ovens, compared HeatMate toaster oven SET-G16A-K against leading brands in the industry. The results were clear: the HeatMate toaster oven achieved the fastest heating rate and the most efficient moisture removal, setting a new benchmark for toasting performance.

Key Points: 
  • HeatMate, the newest contender in the small kitchen appliances market, has officially set a new standard with its innovative new product - HeatMate toaster oven SET-G16A-K. A recent comprehensive study by Intertek Testing Services NA, Plato, TX, has revealed that HeatMate's unique graphite proprietary heating technology outperforms traditional models, significantly increasing cooking efficiency and energy consumption.
  • LOS ANGELES, March 5, 2024 /PRNewswire-PRWeb/ -- The benchmark testing, aimed at evaluating the performance of electric toaster ovens, compared HeatMate toaster oven SET-G16A-K against leading brands in the industry.
  • The fact that the HeatMate toaster oven can reach up to 550 °F sets it apart, providing a higher maximum temperature than most toaster ovens available on the market.
  • The HeatMate toaster oven SET-G16A-K is perfect for those who value having the highest temperature range (from 200 °F to 550 °F), cooking efficiency, and innovation in their kitchen appliances.

KITCHENAID® RIVALS BEST RICE COOKERS WITH THE LAUNCH OF THE BRAND'S FIRST GRAIN AND RICE COOKER

Retrieved on: 
Monday, March 4, 2024

BENTON HARBOR, Mich., March 4, 2024 /PRNewswire/ -- Today, KitchenAid introduces the brand's first Grain and Rice Cooker, featuring innovation that takes care of the measuring and monitoring for you. The KitchenAid Grain and Rice Cooker automatically senses how much grain has been added, dispenses the right amount of water, and simmers to perfection, every time.

Key Points: 
  • The KitchenAid Grain and Rice Cooker automatically senses how much grain has been added, dispenses the right amount of water, and simmers to perfection, every time.
  • "The innovation behind the KitchenAid Grain and Rice Cooker was driven by consumers," said Chad Ries, global brand director for KitchenAid small appliances at Whirlpool Corporation.
  • In addition to its sleek modern design and inviting touchscreen controls, the KitchenAid Grain and Rice Cooker allows for consistent results with 21 preset options for cooking rice, beans, oats, couscous, quinoa, barley, farro and more.
  • Using an integrated scale, the KitchenAid Grain and Rice Cooker automatically senses the amount of grains, rice, or beans that have been added in order to calculate the ideal water-to-grain ratio.

Al Hassan Ghazi Ibrahim Shaker Co. delivers exceptional FY23 performance, achieving a 99.28% YoY increase in net profit to reach SAR 65.43 million

Retrieved on: 
Wednesday, February 28, 2024

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.

Key Points: 
  • Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.
  • Q4-FY23 revenue of SAR 259.56 million (Q4-FY22: SAR 209.49 million) and net profit of SAR 3.80 million (Q4-FY22: net loss of SAR 2.36 million)
    In FY23, Shaker generated the highest revenue since FY16 and highest net profit since FY15, signifying a year of significant growth and strategic execution.
  • The commitment to achieving growth while strengthening its financial health was demonstrated with continued deleveraging as net debt reduced by 20.95%.
  • Further improvements in inventory management and working capital led to strong cash generation from operations of SAR 20.82 million.

Al Hassan Ghazi Ibrahim Shaker Co. delivers exceptional FY23 performance, achieving a 99.28% YoY increase in net profit to reach SAR 65.43 million

Retrieved on: 
Wednesday, February 28, 2024

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.

Key Points: 
  • Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.
  • Q4-FY23 revenue of SAR 259.56 million (Q4-FY22: SAR 209.49 million) and net profit of SAR 3.80 million (Q4-FY22: net loss of SAR 2.36 million)
    In FY23, Shaker generated the highest revenue since FY16 and highest net profit since FY15, signifying a year of significant growth and strategic execution.
  • The commitment to achieving growth while strengthening its financial health was demonstrated with continued deleveraging as net debt reduced by 20.95%.
  • Further improvements in inventory management and working capital led to strong cash generation from operations of SAR 20.82 million.

WHIRLPOOL CORPORATION AND BORA INTRODUCE REVOLUTIONARY INDUCTION DOWNDRAFT COOKTOP TECHNOLOGY TO NORTH AMERICA

Retrieved on: 
Monday, February 26, 2024

BENTON HARBOR, Mich., Feb. 26, 2024 /PRNewswire/ -- Whirlpool Corporation and BORA share the belief that the kitchen is the hub of the home and is a space that should be redesigned through a lens that pushes boundaries while merging technology and function. Founded on the mutual passion to question the ordinary, the two companies are collaborating to bring the best induction downdraft technology exclusively to JennAir and KitchenAid brand induction downdraft cooktops in North America in 2025.

Key Points: 
  • Founded on the mutual passion to question the ordinary, the two companies are collaborating to bring the best induction downdraft technology exclusively to JennAir and KitchenAid brand induction downdraft cooktops in North America in 2025.
  • In recent years, consumers in North America have continued to adopt induction technology and within the cooktop industry, induction has grown roughly 62% since 20181.
  • In fact, the JennAir brand's history with downdraft technology dates back to 1965 when founder Lou Jenn invented downdraft technology, changing the kitchen forever.
  • To learn more more about Whirlpool Corporation and BORA, visit the Whirlpool Corporation Booth (#W2201) and BORA Booth (#W2230) at KBIS this week.

Forza shows its cards at KBIS 2024 in Vegas: Unveils world's first 48-inch Induction Range with single oven cavity

Retrieved on: 
Thursday, February 22, 2024

LAS VEGAS, Feb. 22, 2024 /PRNewswire-PRWeb/ -- Forza is going all-in at the Kitchen & Bath Industry Show (KBIS) in Las Vegas, Nevada, from Feb. 27 to Feb. 29 in booth W1409. The showcase will be a full house, revealing the world's first 48-inch induction range with a single oven cavity—plus another three of a kind: all new colors, finishes, and a French door refrigerator to complete the suite.

Key Points: 
  • The showcase will be a full house, revealing the world's first 48-inch induction range with a single oven cavity—plus another three of a kind: all new colors, finishes, and a French door refrigerator to complete the suite.
  • Click to Tweet: #KBIS2024: @ForzaCucina shows its cards in #Vegas: Unveils world's first 48-inch Induction Range with single oven cavity, plus Air Fryer.
  • Winning hand includes new colors, finishes, and (for the 1st time) a French door refrigerator.
  • KEY SHOWCASES AT KBIS THIS YEAR:
    48-inch Induction Range: The world's only 48-inch induction range with a single oven cavity.

LG REVEALS NEW SIGNATURE KITCHEN SUITE TRANSITIONAL SERIES AT KBIS 2024

Retrieved on: 
Wednesday, February 21, 2024

SEOUL, South Korea, Feb. 21, 2024 /PRNewswire/ -- LG Electronics (LG) is set to introduce a diverse range of luxurious built-in kitchen packages at the 2024 Kitchen & Bath Industry Show (KBIS), taking place in Las Vegas, USA, from February 27-29. Taking center stage, the company's new Signature Kitchen Suite Transitional Series appliances – including the Combi Wall Oven, Double Wall Oven and Single Oven featuring cutting-edge Gourmet AI™ technology – boast sophisticated design and intelligent functionality.

Key Points: 
  • Joining the existing Professional Series (Traditional) range, the Transitional Series has been created in response to consumers' growing preference for transitional and contemporary kitchen design.
  • Signature Kitchen Suite Transitional Series appliances feature satin stainless steel exteriors with an elegant, velvety matte finish that elevates the kitchen environment.
  • The Signature Kitchen Suite Transitional Series Built-in Kitchen Package on show at KBIS 2024 includes French-Door refrigerators, column refrigerators, column wine refrigerators, dishwashers, wall ovens and more.
  • For more information on Signature Kitchen Suite's new Transitional Series wall oven lineups, visit www.signaturekitchensuite.com .

Whirlpool Corporation Invites You to Experience Real Life at Home at KBIS 2024

Retrieved on: 
Tuesday, February 20, 2024

BENTON HARBOR, Mich., Feb. 20, 2024 /PRNewswire/ -- Life at home can be messy, busy and wonderfully unpredictable. Whirlpool Corporation, a leading global major appliance company, understands the beauty of real life, and will showcase innovations designed to suit the needs of real homeowners at the Kitchen & Bath Industry Show (KBIS) on February 27-29, 2024, in the Las Vegas Convention Center. The company's booth will be a celebration of the diverse and dynamic nature of daily life and will demonstrate how its extensive portfolio of brands delivers products that improve life at home – today, tomorrow, and every day.

Key Points: 
  • Whirlpool Corporation, a leading global major appliance company, understands the beauty of real life, and will showcase innovations designed to suit the needs of real homeowners at the Kitchen & Bath Industry Show (KBIS) on February 27-29, 2024, in the Las Vegas Convention Center.
  • In booth #W2201, attendees can explore products across Whirlpool Corporation's family of brands – Whirlpool, Maytag, KitchenAid, JennAir, Gladiator, and InSinkErator.
  • "As a company deeply rooted in the fabric of American households, Whirlpool Corporation understands that life isn't always picture-perfect," said Rob Byrd, General Manager, Builder & Pro Sales at Whirlpool Corporation.
  • Exclusive to Whirlpool Corporation, this innovative feature makes tackling tough messes a breeze and requires just water, not harsh cleaners.

NEW LG PRO BUILDER DIVISION DEDICATED TO HELPING HOMEBUILDERS 'BUILD the good life'

Retrieved on: 
Tuesday, February 20, 2024

ENGLEWOOD CLIFFS, N.J., Feb. 20, 2024 /PRNewswire/ -- Global home appliance leader LG Electronics has launched LG Pro Builder, a U.S. division made up of dedicated sales and service teams with extensive builder-specific experience, bringing the company's broad portfolio of home appliances to building and design professionals nationwide.

Key Points: 
  • "LG Pro Builder also offers access across the broad LG portfolio of builder-centric products beyond appliances including advanced HVAC systems, heat pump water heaters, energy storage systems, EV chargers, consumer electronics and more."
  • "With LG Pro Builder and our smart home and sustainability innovations, homebuilders can build the good life with America's most reliable line of appliances," he said.
  • "At LG Pro Builder, we share the responsibility of every project by providing supplies, hands-on advice and dedicated service that ensures the appliances are the easiest part of a new home," said industry veteran Guy Minnix, head of the LG Pro Builder division of LG Electronics USA.
  • LG Pro Builder adds unparalleled value that consumers recognize and appreciate, according to Minnix.