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As of 2024, locally manufactured and assembled televisions had a 90% market share, 70% to 75% air conditioners (AC) were manufactured locally and 80% domestic demands of refrigerators were met by local manufacturers. Home appliances sold in Bangladesh in 2021 was estimated to be worth $2.4 Billion and is expected to rise to $10 billion by 2030.
Pak Elektron Ltd (PEL) was founded in 1956 through a technical collaboration with AEG.In 1978, PEL was acquired by Saigol Group and was taken public a decade later. In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan.
Samsung is also a major vendor of washing machines, refrigerators, computer monitors and soundbars. [12] Samsung Electronics is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia.
The efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER), which is defined by the Air Conditioning, Heating and Refrigeration Institute in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [61]
In 2019, Arçelik acquired a 57% stake in Singer Bangladesh for $75M. [27] In 2021, Arçelik and Hitachi Global Life Solutions has announced a new partnership. Hitachi GLS will transfer 11 subsidiaries outside Japan (two manufacturing and nine sales companies) into Arçelik Hitachi Home Appliances B.V. and sell a 60% stake in this entity to ...
Gree Electric's Chairwoman is Dong Mingzhu, or "Sister Dong" as she is known in China. [2] She was appointed CEO in 2009. [citation needed] She joined the company in 1990.[citation needed] Dong was also the Chairwoman of its largest shareholder at the time, Gree Group, until November 2016. [8]