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(Yicai Global) Oct. 6 -- China has made 423.18 million major home appliances this year to date, making up 56 percent of the 752.84 million produced worldwide, data from a South Korean electronic industry report, published yesterday, shows.
The report forecasts the global figure could increase by as much as 1.7 percent over the next year.
Air purifiers in particular tend to be made in China, which has produced 23.9 million units this year to date and occupies a 96-percent market share. By 2020, annual production of air purifiers will grow 5 percent on average, the fastest among all appliances, the report predicts.
China also has the largest market for major appliances, with air conditioning commanding a 42 percent share of the global market.