The global demand for Household Refrigerator Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A household refrigerator is the most common household appliance used for the storage of food, vegetables, fruits, and meat to prevent spoilage and bacterial contamination. It is a metal cabinet that comprises thermally insulated compartments along with a heat pump. A heat pump transfers heat from the internal part of the refrigerator to the external environment and thus keeps the inside temperature below the room temperature. The optimum temperature to store perishable food items is 3 to 5 °C (37 to 41 °F). Refrigerators often include freezers where the temperature is below the freezing point of the water. Freezers are used for storage of ice-cream, meat, and other food items that need freezing temperatures for proper storage. There are various refrigerator types available such as with or without freezer, double door, single door, side door, etc.
The prominent factor pushing the global household refrigerator market's growth includes the rising consumption of refrigerated and packed food products, rapid urbanization, and increasing nuclear families. Advancement in technology, the introduction of IoT enabled, Wi-Fi-connected refrigerators in the market, and inclining trend towards smart home appliances are theother drivers impacting the growth of this market. During the COVID-19 pandemic, the global household refrigeration market is likely to face certain hindrances owing to decreased production rate and reduced sale of the home appliances.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of household refrigerator.
The entire household refrigerator market has been sub-categorized into cooling technology, deployment type, storage capacity and type of model. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Cooling Technology
By Deployment Type
- Compressor Refrigerators
- Absorption Refrigerators
- Solar Refrigerators
- Acoustic Refrigerators
- Magnetic Refrigerators
- Thermal Mass Refrigerators
By Storage Capacity
- Free-Standing Refrigerators
- ‘built into a kitchen’ refrigerators.
By Type of Model
- Small Storage Capacity Refrigerators (<100L)
- Medium Storage Capacity Refrigerators (100L-200L)
- Large Storage Capacity Refrigerators (200L-300L)
- Others (>300L)
- Single Compressor Based Model
- Dual Compressor Based Model
This section covers regional segmentation which accentuates on current and future demand for household refrigerator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Household Refrigerator Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the household refrigerator market include Godrej Appliances Ltd., Frigidaire, GE Appliances, Whirlpool Corporation, Electrolux AB, Videocon International Ltd., BPL Refrigeration, LG Electronics Inc., Samsung Electronics Limited, Haier Group, Sears Holdings Management Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.