Press release
Why the Smart Refrigerator Market Is Set To Explode? | Global Players are Aucma, BSH Hausgerte GmbH, Danby Appliances Inc., Dongbu Daewoo Electronics , Electrolux AB, Frigidaire, Haier Group Corporation, Hisense Co. Ltd., Kenmore, LG Electronics Inc., Li
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.
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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.
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 market growth.
Asia Pacific is witnessing growth in disposable income of population, which has driven smart refrigerator market 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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Prominent companies in the smart refrigerator market are Haier Group, LG Corporation, Panasonic Corporation, Liebherr Group, Samsung Electronics, Whirlpool Corporation, Siemens AG, Bosch Group, and Midea Group.
Table of Contents (ToC) of the report:
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. Door-in-door
4.5.1. Market estimates and forecast, 2016 - 2026
4.6. Side by side
4.6.1. Market estimates and forecast, 2016 - 2026
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