In this era riddled with the requirement of smart appliances and electronics, the global smart refrigerator market is set to gain a massive momentum during 2019-2026. The integration of touch screen displays and provision of connectivity with the smartphone applications, voice assistants, and search engines have on a large scale enabled the consumers to carry out ample tasks whilst working with or around the fridges.
The rising demand for intelligent refrigerators across the high standard residences in the APAC and North America regions is likely to stimulate smart refrigerator market dynamics over the forecast period. On these grounds, an upsurge in the manufacturing activities and a robust presence of well established brands in the Asian countries are contributing to the high product sales and a feasibility of low-cost options. In essence, China, owing to the significant adoption of the product, is estimated to emerge out as a region leader in the due course of time.
The introduction of new government initiatives and reinforcement of the already existing initiatives pertaining to the energy efficient appliances would drive the demand of smart refrigerators across the globe. This move would prompt the government and the consumers to ensure the reduced usage of electricity contributing in the market expansion. These governments are also focusing on the use of intelligent products worldwide with an intent of achieving smart home adoption and digitization at a rapid pace. As a matter of fact, the Digital India campaign lays huge emphasis on the use of IoT and the connectivity technologies.
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Smart refrigerators are equipped with sensors and energy usage control technology, which align with government initiatives promoting adoption of energy-efficient appliances. Adoption of intelligent electricity appliances is being encouraged by several governments for supporting smart homes and digitization.
Asian countries, such as India and China are striving to stimulate the growth of electronic manufacturing sector. The governments in these countries are laying down favorable policies to facilitate the development of electronic appliances at low cost. For instance, the government of India has launched the Digital India campaign to encourage the use of connectivity technologies and IoT, which will further foster smart refrigerator industry growth.
List of the Key Companies that are Operating in the Smart Refrigerator Market. They are as follows:
Aucma, BSH Hausgeräte GmbH, Danby Appliances Inc., Dongbu Daewoo Electronics , Electrolux AB, Frigidaire, Haier Group Corporation, Hisense Co. Ltd., Kenmore, LG Electronics Inc., Liebherr Group, Midea Group, Panasonic Corporation, Samsung Electronics, Whirlpool Corporation, Xiaomi Corporation
Asia Pacific is witnessing growth in disposable income of population, which has driven smart refrigerator industry demand at an appreciable pace. Asia Pacific houses major intelligent appliance brands, resulting in availability of products at low-cost and high sales in the region. China is expected to emerge as a major growth avenue for smart refrigerator market due to the large adoption of smart appliances as compared to other countries.
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Table Of Content:
Chapter 4. Smart Refrigerator Market, By Type (Revenue & Shipment)
4.1. Key trends by type
4.2. Single door
4.2.1. Market estimates and forecast, 2016 – 2026
4.3. Double door
4.3.1. Market estimates and forecast, 2016 – 2026
4.4. French door
4.4.1. Market estimates and forecast, 2016 – 2026
4.5.1. Market estimates and forecast, 2016 – 2026
4.6. Side by side
4.6.1. Market estimates and forecast, 2016 – 2026
Chapter 5. Smart Refrigerator Market, By End-Use (Revenue & Shipment)
5.1. Key trends by end-use
5.2.1. Market estimates and forecast, 2016 – 2026
5.3.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Smart Refrigerator Market, By Sales Channel (Revenue & Shipment)
6.1. Key trends by sales channel
6.2. Retail channel
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Online channel
6.3.1. Market estimates and forecast, 2016 – 2026
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