The Latin America, Middle East and Africa Smart Connected Washing Machine Market would witness market growth of 23.3% CAGR during the forecast period (2017 – 2023). Washing machines are used is washing purposes, therefore, these machines save time and energy. Innovations in technology has led to the development of smart connected washing...
As Nigeria begins to recover from the recession and the devaluation of the naira in 2016, a strong rebound in retail volume sales of consumer appliances was observed in 2017. The devaluation of the naira means that products remain expensive, as the average salary has remained the same despite the increase in the price of consumer appliances....
Split air conditioners continued to dominate the air conditioning category in 2017, with consumers preferring one to two horsepower versions. Split air conditioners are preferred to window and floor units in Nigeria as the units are better at cooling rooms with larger areas. In addition, some newer models have purifying and dust controlling...
Microwaves are a major domestic appliance sold through most distribution channels, and have become popular in urban Nigerian households. Most urban households include working adults, and therefore need easy access to reheat their precooked meals upon returning from work. In addition, as most households in both urban and rural areas use freezers...
Higher-income households were more resilient towards the recession than their lower-income peers, and were a driving force for the higher retail volume growth of automatic washing machines in 2017. Automatic washing machines regulate the washing cycle and need their own direct water supply, which can be expensive. Middle-income consumers tend...