The big importance of home appliances industry

According to Ceced Europe, for each job that can be created in the home appliance industry, between 3 and 4 additional jobs are created in the wider economy. It provides jobs for nearly 1 million people and contributes over 53.3 billion euros to the European economy. Not only. The appliances industry generates 14 billion euros in tax revenue annually and invests 1.4 billion euros in R&D in Europe annually. The average energy efficiency index of a refrigerator placed on the market in 2013 is 40% better than in 2003. It plays a substantial role in taking care of recycling 3.2 with million tons of discarded equipment each year.