Press release
Smart Fridge market is predicted to thrive at a CAGR of 22.13% over the period 2018-2024
A smart fridge or smart refrigerator is programmed for sensing the products which are stored inside and also helps to keep a track of the stock via RFID scanning.This report provides forecast and analysis of the smart fridge market which is estimated to surge US$932.967 Billion by 2024.
The rapid increase in disposable income and changing lifestyles of consumers is forcing the consumer electronics industry to upgrade devices according to the consumer's taste. Manufacturers are constantly developing and modifying these products to fulfill the demands of customers. There is a rise in personalization and customization of electronic devices according to the needs of consumers with ongoing technology. Smart fridge not only senses products stored inside but also allows users to watch videos, make a shopping list, and read out schedules. The major reason for driving the smart fridge market is that these smart fridges are energy efficient. The Smart Fridge market is segmented by product, by technology, and geography. By product, the market is segmented into Side-by-side Refrigerators, Bottom Freezer Refrigerator, Double Door Refrigerator, and Single Door Refrigerators. By Technology, the market is segmented into RFID, WiFi, Bluetooth, and others. Geographically Smart fridge market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America holds a significant share in the market as they are fast in adopting new technology. Asia Pacific region to see an increase in demand due to the increasing disposable income and changing lifestyle. The integration of advanced technology and communication to build energy-efficient and convenient appliances for improvised lifestyles is expected to propel the growth.
Some of the major players covered as part of the report Haier Inc., Hitachi Ltd., LG Electronics, SAMSUNG, and Whirlpool among others.
This report segmented the Smart Fridge market on the basis following terms:
o By Product Type
o Side-by-side Refrigerators
o Bottom Freezer Refrigerators
o Double door Refrigerators
o Single Door Refrigerators
o By Technology
o RFID
o WiFi
o Bluetooth
o Others
o By Geography
o North America
o United States
o Canada
o Mexico
o South America
o Brazil
o Argentina
o Others
o Europe
o Germany
o France
o UK
o Spain
o Others
o Middle East and Africa
o Israel
o Saudi Arabia
o Others
o Asia Pacific
o China
o Japan
o South Korea
o India
o Others
Purchase complete report or request sample https://www.knowledge-sourcing.com/report/smart-fridge-market
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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
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