Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - Guinea

Guinea

The Electric Kettles market in Guinea is projected to generate a revenue of US$5.68m in 2024.
It is anticipated to grow annually by 3.97% (CAGR 2024-2029).
In comparison to other countries, in China leads the market with a revenue of US$1,183m in 2024.
In terms of per household revenues, it is estimated that each household in Guinea will generate US$2.41 in 2024.
Looking ahead, the volume in the Electric Kettles market is expected to reach 180.0k pieces units by 2029.
A slight volume growth of 0.4% is projected for 2025.
On average, each household in Guinea is expected to have a volume of 0.07pieces units in the Electric Kettles market by 2024.
Electric kettles are gaining popularity in Guinea as consumers seek convenient and efficient ways to boil water for tea and other hot beverages.

Key regions: Indonesia, Worldwide, China, Canada, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.