Press release
Household Refrigerators and Freezers Market By Analysis Industry Key Players: Whirlpool Corporation, LG Electronics, Haier, Electrolux, Samsung Electronics, Frigidaire Home Products
Global Market Insights
Household Refrigerators and Freezers market may surpass USD 75 billion by 2025. These devices provide cold storage to store food products such as fish, ice-cream, fruits, vegetables, milk, water, etc. Adding to this, it uses vapor compression technology for maintaining storage conditions.
Increasing adoption of environmental friendly products in order to reduce emission of chloro-fluoro carbons has encouraged the development of high energy efficient refrigerators. With new energy standards, manufacturers have increased the refrigerator and integrated the product with user friendly technological interfaces such as water and ice dispensers.
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Top Key Players: -
Players competing in the household refrigerators and freezers market includes Whirlpool, LG, Haier, Electrolux, Samsung, other players involved are General Electric, Panasonic, Bosch, Frigidaire, etc.
Regional Segmentations: -
The energy efficiency upgrades introduced in September 2015 in the U.S. will continue to drive the demand for environmentally friendly products in the region. Increasing growth in APAC region owing to emerging economies such as India, Singapore, Indonesia, China and Malaysia will enhance the household refrigerators and freezers market growth.
Changing lifestyles in rural areas will contribute to shape up the business growth. Moreover, significant push by governments in rural electrification will further drive and stimulate the rising demand.
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
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Chapter 2 Executive Summary
2.1 Household refrigerators and freezers industry 3600 synopsis, 2010 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Several key players in household refrigerators and freezers market have shifted their focus towards development and deployment of premium energy efficient and environmentally friendly products. These premium products are gaining popularity among the upper-middle and middle-class segment. Adding to this, rise in disposable income has further contributed to boost the industry growth as consumers are able to afford premium and high-end products.
The major competitive strategies adopted by the industry players include expansion of product portfolio through new product developments, collaborations and strategic partnerships to accommodate key technology developments. Reinforcing the aftersales service in order to stimulate & enhance market penetration and development of goodwill tend to augment the increased adoption. Companies are also focusing on product service bundling in order to enhance sales.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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