Monday, 19 October 2015

LG Electronics’ Recognition in China and UK Stirs the Household Appliances Market

Report Overview


LG Electronics a popular name in the household appliances has continued the legacy in 2015 too. According to the news published in “ The Korea Herald “dated March 18, 2015 LG Electronics revealed that its premium make “Magic Space” has backed several awards in countries including China as well as United Kingdom. Furthermore, as per this major market player , UK’s well known magazine “ Innovative Retailing “ which covers the home appliance segment , in March 2015 had identified  “Magic Space” as one of the best model in terms of saving and energy efficiency. Likewise, also known as door –in-door, the premium refrigerator allows the end-customers take out their favourite snacks or beverages quickly and lowers energy consumption.

Apart from this, in another product review, some trusted evaluation from United Kingdom gave the premium make full marks, boasting about the innovation, design, spacious interior as well as reduced noise level. Similarly, in China, the five door model from LG Electronics had backed the “China Appliance Grand Prize”. The aforementioned awards is considered as the topmost honour in China. Besides this the company was awarded in Shanghai during an expo hosted by “China Household Electrical Appliances Association”. The “Magic Space” has won several hearts for offering important features for storing products such wine, dairy items, fish and more.

Jo Seong-jin , the household appliance at LG Electronics “The Magic Space has improved both in terms of energy efficiency and user convenience. We will continue to make efforts to add new, more innovative values to our products.” Prof Research Reports has added a report titled “Household appliances - Market Research Reports & Industry Analysis.” The report focuses on the market size and share, demand, bountiful opportunities, supply, value chain analysis and market forecast among many others. 

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