Smart Refrigerator Market Worth to Reach USD 684.20 million By 2027
Posted On July 05, 2021
The Global Smart Refrigerator Market report evaluates the market revenue to reach USD 684.20 million mark in 2027. The CAGR is expected to be close to 12.5% from 2021 till the end of 2027 according to the newly published report by Value Market Research. Evolving establishments for smart homes, bolstering penetration of smart gadgets /appliances, and buyer awareness and preferences are steering the smart refrigerator market across the globe. The population of developed economies is making a shift towards smart home appliances to cut-down power consumption and exploit internet connectivity features. The ability to be operated from distinct locations via smartphones is gaining traction. However, coronavirus disease 2019 pandemic has introduced periods of trade disruption and the prospect of a huge cut-down in demand. The grave challenges for the smart refrigerator market are personal data leaks and malware issues. On the other hand, product launches loaded with technological advancements and regional growth of manufacturers have established prospects for market development.
A smart refrigerator refers to an internet refrigerator that is programmed to keep track of the items stored in it via barcode or RFID scanning. Also, these refrigerators can sense the type and nature of the stock and if a food-item needs refreshing. The Smart Refrigerator offers connectivity with smart speakers, WWW, and other smart technologies, to deliver convenience, efficiency, and amenity to the end-users.
The market dynamics covered in the report "Global Smart Refrigerator Market Report By Type (Single, Double, Side By Side, French), By End User (Residential, Commercial), By Distribution Channel (Offline, Online) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of door type the market is segmented into Single, Double, Side by Side, French. By end-user the smart refrigerator market is categorised as Residential, Commercial .By distribution channel the smart refrigerator market is categorised as Offline, Online. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Smart Refrigerator Market -
By Door Type
- Side by Side
By Distribution Channel
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
LG Electronics, Hisense Co. Ltd, Haier Group Corporation, Electrolux AB, Siemens AG, Samsung Electronics Co. Ltd, Whirlpool Corporation, Midea Group, GE Appliance and Panasonic Corporation.
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