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As of November 2020, the industry was estimated to be worth ৳ 26700 crore (US$2.2 billion), with a yearly growth rate of 11%. [1] 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.
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
In 1950, Admiral was selling: a line of seven TV sets, with four models having a 12.5 in (32 cm) tube size, at prices between $179.95 and $379.95 (equivalent to $2,279 to $5,065 today); a 16 in (41 cm) model retailing at $299.95 ($3,187); and two 19 in (48 cm) models (priced at $495 and $695, equivalent to $6,269 and $8,801). [2]
A large domestic refrigerator stands as tall as a person and may be about one metre (3 ft 3 in) wide with a capacity of 0.6 m 3 (21 cu ft). Refrigerators and freezers may be free standing, or built into a kitchen. The refrigerator allows the modern household to keep food fresh for longer than before.
In 1803, Thomas Moore patented a metal-lined butter-storage tub which became the prototype for most iceboxes. These iceboxes were used until nearly 1910 and the technology did not progress. In fact, consumers that used the icebox in 1910 faced the same challenge of a moldy and stinky icebox that consumers had in the early 1800s.
Kelvinator ad from 1920 Kelvinator refrigerator, c. 1926 The enterprise was established on September 18, 1914, in Detroit , Michigan , United States, by engineer Nathaniel B. Wales , who introduced his idea for a practical electric refrigeration unit for the home to Edmund Copeland and Arnold Goss.