Press release
Continued Growth Predicted for Household Refrigerators And Freezers Market in the Next Five Years With Key Players Electrolux, GE, Samsung Electronics, Whirlpool Corporation, Haier, LG Electronics, Panasonic
Household Refrigerators And Freezers Market
Household Refrigerators And Freezers Market size is expected to reach USD 78.22 billion by 2025. Growing double-income families in urban areas characterized by rising purchasing power and disposable income have spurred high-product demand. Increasing automation and globalization has made manufacturing economical enabling companies to reduce the costs of appliances for consumers.
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The Major Key Players in the Market are as follows:
• Electrolux
• Aucma Co., Ltd.
• Dacor
• Frigidaire Home Products
• GE
• Robert Bosch Ltd
• Samsung Electronics
• Whirlpool Corporation
• Haier
• LG Electronics
• Panasonic
Refrigerators performing beyond minimum energy standards qualify for the ENERGY STAR label. Introducing energy efficiency labels to grow consumer awareness on the differences in costs, energy consumption and benefits would motivate consumers to care about the energy usage in home appliances. With improving efficiency to meet standards, manufacturers have increased the refrigerator size by 20% and provide user-friendly technological advancements such as through-the-door-ice, water tap on the door, and more buying options for consumers.
Downsizing margins, rising R&D costs for introducing new technologies and seasonal demand along with cost variations would restrain household refrigerators and freezers market size over the forecast timeline. The energy efficiency standards would act as an entry barrier in this industry as matching efficiency standards would require heavy investment in R&D and updating automation in manufacturing.
Browse key industry insights spread across 110 pages with 184 market data tables & 10 figures & charts from the report, “Household Refrigerators And Freezers Market” @ https://www.gminsights.com/industry-analysis/household-refrigerators-and-freezers-market
Significant initiatives by government in the rural electrification will also support the growing demand of the appliances. Affordable direct cool or single door fridges are expected to have huge sale in developing economies. Increasing globalization and manufacturing technologies will provide affordable products for all income levels.
French door bottom-freezer refrigerator market share was over 25% in 2015. Rising demand for comfortable position for closing and opening doors along with technically advanced flexible storage options would drive industry demand.
Increasing disposable income and requirements for energy efficient products is responsible for Europe household refrigerators and freezers market share forecasts. The energy efficiency upgrade in September 2015 will contribute to rising demand for environmentally friendly products in the U.S. household refrigerators and freezers market. Newly launched models would reduce the energy consumption and operating costs making it reliable for consumers. Moreover, features such as automated temperature adjustability, smartphones connectivity, automated food ordering and desire for having second refrigerator are also forecast to increase demand.
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The market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, as it is a major value add for the consumers leveraging a decent energy and cost saving for them. Whirlpool, Electrolux, Haier, Samsung, and L.G. are some of the major giants in the household refrigerators and freezers market. Other notable key players include Panasonic, Frigidaire, Bosch, and General Electric.
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https://www.marketwatch.com/press-release/at-46-cagr-third-party-logistics-3pl-market-to-reach-usd-1100-billion-by-2024-2019-01-21
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