Haier

Home Appliances Market Size to Grow USD 282150 Million by 2029 at a CAGR of 4.4% | Valuates Reports

Retrieved on: 
Monday, October 9, 2023

The Home Appliances market was valued at USD 207980 million in 2022 and is anticipated to reach USD 282150 million by 2029, witnessing a CAGR of 4.4% during the forecast period 2023-2029.

Key Points: 
  • The Home Appliances market was valued at USD 207980 million in 2022 and is anticipated to reach USD 282150 million by 2029, witnessing a CAGR of 4.4% during the forecast period 2023-2029.
  • Home appliances market growth is influenced by a number of variables, including rising consumer expenditure, including per capita income, and changing customer preferences.
  • TRENDS INFLUENCING THE GROWTH OF HOME APPLIANCES MARKET:
    The longevity of high-quality home appliances is one of their most significant advantages.
  • HOME APPLIANCES MARKET SHARE ANALYSIS:
    The top companies in the world market for home appliances include Haier, Midea, Whirlpool, etc., who together account for around 33%.

Global Cold Chain Equipment industry Analysis Report 2023-2030 - Growing Demand for Protein-Rich Foods in Developing Nations has Led to an Increased Focus on Expanding the Cold Chain Equipment

Retrieved on: 
Wednesday, September 27, 2023

The report on the global cold chain equipment market provides qualitative and quantitative analysis for the period from 2021-2030.

Key Points: 
  • The report on the global cold chain equipment market provides qualitative and quantitative analysis for the period from 2021-2030.
  • The growing demand for protein-rich foods in developing nations has led to an increased focus on expanding the cold chain equipment market.
  • As the need for transporting perishable food items grows, there will be a considerable boost in the cold chain equipment market.
  • Storage equipment, a crucial component of the refrigerated storage industry, dominates the worldwide cold chain equipment market.

GE Appliances Positioned to Become the #1 Manufacturer of Dishwashers in the U.S.

Retrieved on: 
Wednesday, September 27, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230927098913/en/
    Operators Norma Morin, left, and Kossiwa Eggenam complete door assembly for dishwashers on the new assembly line inside the dishwasher plant at GE Appliances’ headquarters in Louisville, Kentucky.
  • The plant produces five brands of dishwashers on the new lines with industry-leading features that use real-time machine learning and AI to ensure optimal performance.
  • (Photo: GE Appliances, a Haier company)
    “We are committed to U.S. manufacturing and Louisville, Kentucky,” said Kevin Nolan, president and CEO of GE Appliances.
  • More than $517 million is spent by GE Appliances annually with more than 640 Kentucky suppliers.

Focused on Intelligent Technology, Haier's Innovative Products Captivate the European Market

Retrieved on: 
Friday, September 22, 2023

Simon has chosen Haier's intelligent wine cabinet, which employs a natural air circulation system to maintain a stable temperature and humidity.

Key Points: 
  • Simon has chosen Haier's intelligent wine cabinet, which employs a natural air circulation system to maintain a stable temperature and humidity.
  • In a sense, Haier's intelligent wine cabinet has become a guardian of French wine culture, safeguarding a refined lifestyle through the deployment of smart technology.
  • Nowadays, across Europe, Haier products imbued with smart technology, including intelligent wine cabinets, interconnected refrigerators, cutting-edge washing machines, dryers, and dishwashers, have become local sensations.
  • Haier's offerings have met the demands of the high-end market and maintain a leading position, enjoying sustained favor among European consumers.

Household Appliances Join the Television Industry (and Three Others) Atop the Customer Satisfaction Index, ACSI Data Show

Retrieved on: 
Tuesday, September 19, 2023

Household appliances enjoy nearly industrywide customer satisfaction improvements.

Key Points: 
  • Household appliances enjoy nearly industrywide customer satisfaction improvements.
  • Haier’s sales have been soaring lately, and it’s now the world’s largest manufacturer of home appliances .
  • Meanwhile, after two straight years of ACSI gains, Whirlpool secures top marks for durability and product quality.
  • Desktops, which ACSI data show appeal particularly to an older demographic, garner by far the most satisfaction and loyalty from users.

Fortune Media and Great Place To Work Name GE Appliances to 2023 Best Workplaces in Manufacturing & Production List

Retrieved on: 
Thursday, September 7, 2023

Great Place To Work® and Fortune magazine have named GE Appliances, a Haier company, to the 2023 Fortune Best Workplaces in Manufacturing & Production™ List for the second year in a row.

Key Points: 
  • Great Place To Work® and Fortune magazine have named GE Appliances, a Haier company, to the 2023 Fortune Best Workplaces in Manufacturing & Production™ List for the second year in a row.
  • March 2023 (Photo: GE Appliances, a Haier company)
    Earning a spot recognizes GE Appliances as one of the best companies to work for in the country.
  • The Best Workplaces in Manufacturing & Production award is based on an analysis of survey responses from over 74,000 current employees from Great Place To Work Certified™ companies in the manufacturing and production industry.
  • “Congratulations to the Best Workplaces in Manufacturing & Production,” said Michael C. Bush, CEO of Great Place To Work.

EQS-News: Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry

Retrieved on: 
Wednesday, August 30, 2023

Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry

Key Points: 
  • Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry
    The issuer is solely responsible for the content of this announcement.
  • Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry
    Total revenue of RMB 131.63 billion (H1 2022: RMB 121.64 billion (restated))
    Qingdao / Shanghai / Hong Kong / Frankfurt, 30 August 2023 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", D-share 690D.DE, A-share 00690.SH, H-share 06690.HK), today published its financial report for the first half year 2023.
  • In the first half of 2023, Haier Smart Home achieved a revenue of RMB 131.63 billion, representing an increase of 8.2% YoY.
  • In the European market, Haier Smart Home achieved revenue growth of 29.6% despite an 8.1% decline in industry sales volume.

GE Appliances Helps Consumers Create Personalized Recipes From the Food in Their Kitchen with Google Cloud's Generative AI

Retrieved on: 
Tuesday, August 29, 2023

LOUISVILLE, Ky. and SUNNYVALE, Calif., Aug. 29, 2023 /PRNewswire/ -- GE Appliances (GEA), a Haier company, and Google Cloud today announced an expansion of their partnership to enhance and personalize consumer experiences with generative AI. GE Appliances' SmartHQ consumer app will use Google Cloud's generative AI platform, Vertex AI, to offer users the ability to generate custom recipes based on the food in their kitchen with its new feature called Flavorly™ AI. SmartHQ Assistant, a conversational AI interface, will also use Google Cloud's generative AI to answer questions about the use and care of connected appliances in the home.

Key Points: 
  • GE Appliances' SmartHQ consumer app will use Google Cloud's generative AI platform, Vertex AI, to offer users the ability to generate custom recipes based on the food in their kitchen with its new feature called Flavorly™ AI.
  • SmartHQ Assistant, a conversational AI interface, will also use Google Cloud's generative AI to answer questions about the use and care of connected appliances in the home.
  • GE Appliances' SmartHQ app includes two innovative features using Google Cloud's generative AI:
    Flavorly AI: Flavorly AI uses generative AI to create a selection of unique recipes for consumers based on their food preferences and the ingredients they have available in their kitchen.
  • Already renowned for delivering high-quality appliances to homes around the country, GE Appliances will use our AI technology to help create highly personalized, helpful, and easy-to-use digital experiences for consumers."

GE Appliances Announces $34 Million Refrigeration Manufacturing Investment in Tennessee, Creating 150 New Jobs

Retrieved on: 
Wednesday, August 16, 2023

GE Appliances, a Haier company, announced a $34 million investment to expand refrigeration manufacturing and create 150 new jobs at its wholly owned subsidiary, Monogram Refrigeration LLC (MRO), located in Selmer, Tennessee.

Key Points: 
  • GE Appliances, a Haier company, announced a $34 million investment to expand refrigeration manufacturing and create 150 new jobs at its wholly owned subsidiary, Monogram Refrigeration LLC (MRO), located in Selmer, Tennessee.
  • View the full release here: https://www.businesswire.com/news/home/20230816845213/en/
    GE Appliances, a Haier company, announced a $34 million investment to expand refrigeration manufacturing and create 150 new jobs at its wholly owned subsidiary, Monogram Refrigeration LLC (MRO), located in Selmer, Tennessee.
  • The increased facility space and refrigeration assembly line from the investment will support continued growth of GE Appliances’ premium appliance brands.
  • GE Appliances purchases more than $385 million annually from 320 Tennessee suppliers, further driving the state economy and supporting thousands of families.

Tims China Generates 27% Same-store Sales Growth in June

Retrieved on: 
Tuesday, August 8, 2023

SHANGHAI, China, Aug. 08, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, reports 27% system-wide same-store sales growth in June, driven by increasing customer traffic across its network.

Key Points: 
  • SHANGHAI, China, Aug. 08, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, reports 27% system-wide same-store sales growth in June, driven by increasing customer traffic across its network.
  • “Our team is firing on all cylinders, as shown by our strong same-store sales growth in June,” said Yongchen Lu, CEO of Tims China.
  • “In fact, since we fully re-opened our store network in February following Covid lockdowns, same-store sales growth has averaged 19% system-wide.”
    Augmenting its robust same-store sales growth, Tims China accelerated its franchising strategy to fuel profitable growth as it aims to enter at least 40 new cities across China in 2023.
  • Tims China has also aggressively deployed its “Tims Express” store format for new stores.