What’s Driving the Household Refrigerators And Freezers Market Trends? | Key Companies Electrolux, Dacor, GE, Samsung Electronics, Whirlpool Corporation, Haier, LG Electronics, Panasonic

Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years. According to Global Market Insights, Inc., “Global household refrigerators & freezers market worth more than USD 59 billion in 2015, is anticipated record a CAGR of 2.7% over the period of 2016 to 2025.” The latest energy efficiency standard demands the new models of refrigerators and freezers to cut their energy consumption by 20% – 25%, which is pushing the manufacturers to spend heavily in R&D to develop the high-efficiency refrigerators meeting the energy standards. The active partaking of the manufacturers along with the high demand from the consumers for the advanced refrigerators will enhance the household refrigerators & freezers industry outlook over the coming timeframe.

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In order to meet with the standards and regulations put forth by regulatory authorities, household refrigerators and freezers market players are investing heavily in R&D to develop products with continued efficiency improvements. The increasing demand for consumer electronics sector will further support the increased adoption. Moreover, speeding technical breakthroughs and development of energy efficient hardware accompanied with automation and smart technologies will propel the household refrigerators and freezers market growth.

The key players covered in this study: -
1. Electrolux
2. Aucma Co., Ltd.
3. Dacor
4. Frigidaire Home Products
5. GE
6. Robert Bosch Ltd
7. Samsung Electronics
8. Whirlpool Corporation
9. Haier
10. LG Electronics
11. Panasonic

Some Points From Table of Content: -
Chapter 3 Household Refrigerators and Freezers Market Insights
3.1 Household refrigerators and freezers industry segmentation
3.2 Industry size and forecast, 2010 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Product cost structure analysis
3.3.4 Profit margin indicators
3.3.5 Customer insights
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.6 Household refrigerators and freezers industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing energy efficiency initiatives
3.6.1.2 Increasing purchasing power
3.6.1.3 Technological advancements in product development
3.6.2 Industry pitfalls and challenges
3.6.2.1 Significant untapped population base
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share analysis, 2015
3.9.1 Strategy dashboard
3.9.2 Market concentration
3.10 PESTEL analysis

On the basis of product, French door bottom freezers accounted around 25% of the overall volume, increasing demand for technically advanced products accompanied with user friendly interface and comfortable positioning for opening and closing doors will support the demand. Side-by-side refrigerators in household refrigerators and freezers market are further anticipated to showcase a growth at a CAGR of 4% in the forecast timeframe this growth is credited to growing consumptions of frozen food products in urban areas.

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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.

Geographically, U.S. contributed majorly towards the North America household refrigerators and freezers market share in 2015 and will grow noticeably over the coming timeframe, owing to the growing demand for eco-friendly products.

Europe household refrigerators and freezers market is predicted to exhibit a lucrative growth rate over the coming eight years. The attributing factors towards the market growth are surging need of energy efficient products and rising disposable income.

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The major competitive strategies adopted by the Household Refrigerators And Freezers Market 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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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.

This release was published on openPR.