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, 2020-2027

ID:VMR11212247
April 2021
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Global Smart Refrigerator Market Overview

The key driver impacting the Smart Refrigerator market is the rapidly growing smart home and smart kitchen establishments globally. For instance, as per the National Council for home security and safety, the smart house market would be estimated to reach 40 billion USD in the US by 2020. Also, 57% of Americans say that using smart products in their house saves around182.5 hours per year, or roughly a week and a half. The growing fraction of people owning smart products in their house is observed, with 47% of millennials already own some devices, whereas 70% who already own one product are looking to buy another one. The rising internet penetration and elevated focus of consumers towards buying kitchen appliances with advanced features such as smartphone controls, Wi-Fi connectivity, and voice controls through virtual home assistant are also estimated to be an important factor that adds growth to the market. Moreover, the residential infrastructure transformation contributes to Smart Refrigerator’ market growth in the coming years.

According to Value Market Research, the global Smart Refrigerator market size was valued at around USD 300 million in 2020 and is estimated to grow at a CAGR of about 12.5% during the forecast period 2021 to 2027.

 

The expanding commercial processed foodservice industry globally demands in the forecast period. For instance, The Institute of Food Technologists the report shows that the worldwide sales of packaged foods and drinks reached $2.1 trillion in 2017 and are estimated to climb at a compounded annual growth rate (CAGR) of 2.2% through 2022. The Middle Asia Pacific and the East/Africa food sectors are likely to increase in the coming years. However, the high product purchasing costs may hamper the market in the long run. Also, the threat of data insecurity negatively impacts the market. The current industry trends, such as the IoT-enabled family hub refrigerator and energy-efficient and technically advanced product launches, are expected to offer new lucrative market opportunities for the key players.

The Smart Refrigerator market is vast, with many local and global players. The Smart Refrigerator market is extensive, with many regional and international players. The important market leaders follow several strategies to raise their market status, such as extending product portfolio, acquisitions, expanding product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include 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.

Global Smart Refrigerator Market Share

In this research report, the Smart Refrigerator market is segmented by door type, end-user, distribution channel, and region. 

Analysis by Door Type: 

By door type, the report is categorized into single, double, side by side, and french. The double door segment dominates the door type segment with over 34% share in 2020. It is due to growing preference from the residential sector, and also key players have been launching smart technology integrated with this category. Moreover, double door Smart Refrigerator are featured with a compact inbuilt freezer on the top, contributes to the massive demand for double door type segment in the coming years.

Analysis by End-User:

By end-user, the report is categorized into residential and commercial. The residential segment dominates the end-user type segment with over 65% in the forecast period. It is due to its increasing purchasing power of consumers, the introduction of digitalization, and sustainability is some of the factors leading to significant acceptance of the product. Moreover, increasing demand for fresh and safe food contributes to the massive market demand for the residential application segment in the forecast period.  
                            
Analysis by Distribution Channel: 

By Distribution Channel, the report is categorized into online and offline. The offline application segment dominates the distribution channel segment with 75%in the forecast period. It is because large and complex appliances generally account for less than 10% of e-commerce and online retailers as they demand past checks and scanning of the product attributes and functionalities. Moreover, free installation & repairing services at consumer locations, resulting in high demand at retail stores, contribute to the massive market demand for the offline channel segment in the forecast period. 

Analysis by Region: 

In the regional outlook of the global Smart Refrigerator market, the North America region dominates globally with a 32.5% market share in the forecast period. It is due to the presence of a massive number of the urban population, a rise in the number of nuclear families, high spending power. Moreover, rapid technological advancements and their implementation towards developing smart homes and appliances in this region contribute to tremendous market growth across North America.

Market Segmentation covered in the Report:

By Door Type

  • Single
  • Double
  • Side by Side
  • French

By End-User

  • Residential
  • Commercial

By Distribution Channel

  • Offline
  • Online

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


METHODOLOGY

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.

1. PREFACE
    1.1. Report Description
        1.1.1. Objective
        1.1.2. Target Audience
        1.1.3. Unique Selling Proposition (USP) & offerings
    1.2. Research Scope
    1.3. Research Methodology
        1.3.1. Market Research Process
        1.3.2. Market Research Methodology
 
2. EXECUTIVE SUMMARY
    2.1. Highlights of Market
    2.2. Global Market Snapshot
 
3. SMART REFRIGERATOR – INDUSTRY ANALYSIS
    3.1. Introduction - Market Dynamics
    3.2. Market Drivers
    3.3. Market Restraints
    3.4. Opportunities
    3.5. Industry Trends
    3.6. Porter’s Five Force Analysis
    3.7. Market Attractiveness Analysis
        3.7.1 By Door Type
        3.7.2 By End-User
        3.7.3 By Distribution Channel
        3.7.4 By Region
 
4. VALUE CHAIN ANALYSIS
    4.1. Value Chain Analysis
    4.2. Raw Material Analysis
        4.2.1. List of Raw Materials
        4.2.2. Raw Material Manufactures List
        4.2.3. Price Trend of Key Raw Materials
    4.3. List of Potential Buyers
    4.4. Marketing Channel
        4.4.1. Direct Marketing
        4.4.2. Indirect Marketing
        4.4.3. Marketing Channel Development Trend
 
5. IMPACT ANALYSIS OF COVID-19 OUTBREAK
    5.1. Impact Analysis of Covid-19 Outbreak
        5.1.1. Direct Impact on Production
        5.1.2. Supply Chain and Market Disruption
        5.1.3. Financial Impact on Firms and Financial Markets
    5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
    5.3. Market: Pre V/S Post COVID-19
    5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
    5.5. COVID-19: Micro and Macro Factor Analysis
 
6. GLOBAL SMART REFRIGERATOR MARKET ANALYSIS BY DOOR TYPE
    6.1 Overview by Door Type
    6.2 Historical and Forecast Data
    6.3 Analysis by Door Type
    6.4 Single Market by Regions
    6.5 Double Market by Regions
    6.6 Side by Side Market by Regions
    6.7 French Market by Regions
 
7. GLOBAL SMART REFRIGERATOR MARKET ANALYSIS BY END-USER
    7.1 Overview by End-User
    7.2 Historical and Forecast Data
    7.3 Analysis by End-User
    7.4 Residential Market by Regions
    7.5 Commercial Market by Regions
 
8. GLOBAL SMART REFRIGERATOR MARKET ANALYSIS BY DISTRIBUTION CHANNEL
    8.1 Overview by Distribution Channel
    8.2 Historical and Forecast Data
    8.3 Analysis by Distribution Channel
    8.4 Offline Market by Regions
    8.5 Online Market by Regions
 
9. GLOBAL SMART REFRIGERATOR MARKET ANALYSIS BY GEOGRAPHY
    9.1. Regional Outlook
    9.2. Introduction
    9.3. North America
        9.3.1. Overview, Historic and Forecast Data
        9.3.2. North America By Segment
        9.3.3. North America By Country
        9.3.4. United State
        9.3.5. Canada
        9.3.6. Mexico
    9.4. Europe
        9.4.1. Overview, Historic and Forecast Data
        9.4.2. Europe by Segment
        9.4.3. Europe by Country
        9.4.4. United Kingdom
        9.4.5. France
        9.4.6. Germany
        9.4.7. Italy
        9.4.8. Russia
        9.4.9. Rest Of Europe
    9.5. Asia Pacific
        9.5.1. Overview, Historic and Forecast Data
        9.5.2. Asia Pacific by Segment
        9.5.3. Asia Pacific by Country
        9.5.4. China
        9.5.5. India
        9.5.6. Japan
        9.5.7. South Korea
        9.5.8. Australia
        9.5.9. Rest Of Asia Pacific
    9.6. Latin America
        9.6.1. Overview, Historic and Forecast Data
        9.6.2. Latin America by Segment
        9.6.3. Latin America by Country
        9.6.4. Brazil
        9.6.5. Argentina
        9.6.6. Peru
        9.6.7. Chile
        9.6.8. Rest of Latin America
    9.7. Middle East & Africa
        9.7.1. Overview, Historic and Forecast Data
        9.7.2. Middle East & Africa by Segment
        9.7.3. Middle East & Africa by Country
        9.7.4. Saudi Arabia
        9.7.5. UAE
        9.7.6. Israel
        9.7.7. South Africa
        9.7.8. Rest Of Middle East And Africa
 
10. COMPETITIVE LANDSCAPE OF THE SMART REFRIGERATOR COMPANIES
    10.1. Smart Refrigerator Market Competition
    10.2. Partnership/Collaboration/Agreement
    10.3. Merger And Acquisitions
    10.4. New Product Launch
    10.5. Other Developments
 
11. COMPANY PROFILES OF SMART REFRIGERATOR INDUSTRY
    11.1. Company Share Analysis
    11.2. Market Concentration Rate
    11.3. LG Electronics
        11.3.1. Company Overview
        11.3.2. Financials
        11.3.3. Products
        11.3.4. Recent Developments
    11.4. Hisense co. ltd
        11.4.1. Company Overview
        11.4.2. Financials
        11.4.3. Products
        11.4.4. Recent Developments
    11.5. Haier Group Corporation
        11.5.1. Company Overview
        11.5.2. Financials
        11.5.3. Products
        11.5.4. Recent Developments
    11.6. Electrolux AB
        11.6.1. Company Overview
        11.6.2. Financials
        11.6.3. Products
        11.6.4. Recent Developments
    11.7. Siemens AG
        11.7.1. Company Overview
        11.7.2. Financials
        11.7.3. Products
        11.7.4. Recent Developments
    11.8. Samsung Electronics co. Ltd
        11.8.1. Company Overview
        11.8.2. Financials
        11.8.3. Products
        11.8.4. Recent Developments
    11.9. whirlpool Corporation
        11.9.1. Company Overview
        11.9.2. Financials
        11.9.3. Products
        11.9.4. Recent Developments
    11.10. Midea Group
        11.10.1. Company Overview
        11.10.2. Financials
        11.10.3. Products
        11.10.4. Recent Developments
    11.11. GE Appliance
        11.11.1. Company Overview
        11.11.2. Financials
        11.11.3. Products
        11.11.4. Recent Developments
    11.12. Panasonic Corporation
        11.12.1. Company Overview
        11.12.2. Financials
        11.12.3. Products
        11.12.4. Recent Developments
 
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

 

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Door Type  (USD MN)
  • Single Market by Geography (USD MN)
  • Double Market by Geography (USD MN)
  • Side by Side Market by Geography (USD MN)
  • French Market by Geography (USD MN)
  • Analysis Market by End-User  (USD MN)
  • Residential Market by Geography (USD MN)
  • Commercial Market by Geography (USD MN)
  • Analysis by Distribution Channel  (USD MN)
  • Offline Market by Geography (USD MN)
  • Online Market by Geography (USD MN)
  • Global Smart Refrigerator Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton

LIST OF FIGURES

  • Research Scope of Smart Refrigerator Report
  • Market Research Process
  • Market Research Methodology
  • Global Smart Refrigerator Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Door Type
  • Market Attractiveness Analysis by End-User
  • Market Attractiveness Analysis by Distribution Channel
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Door Type  (USD MN)
  • Single Market by Geography (USD MN)
  • Double Market by Geography (USD MN)
  • Side by Side Market by Geography (USD MN)
  • French Market by Geography (USD MN)
  • Global Market Analysis by End-User  (USD MN)
  • Residential Market by Geography (USD MN)
  • Commercial Market by Geography (USD MN)
  • Global Market Analysis by Distribution Channel  (USD MN)
  • Offline Market by Geography (USD MN)
  • Online Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020

 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
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  • Analyze competitive developments

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