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India Refrigerator Market Trends, Size, Competitive Analysis and Forecast 2020-2026

11-25-2020 08:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ORION MARKET RESEARCH

India Refrigerator Market Trends, Size, Competitive Analysis

The Indian refrigerator market is anticipated to grow with a lucrative CAGR of 8.4% during the forecast period (2020-2026). The growth of the market in India is expected to be majorly fueled by the rising working population coupled with an increase in disposable incomes. Additionally, the huge untapped market with low penetration of refrigerators across the country will also provide new growth opportunities for the refrigerator companies. According to the India Brand Equity Foundation (IBEF), only around 29% of households in India own a refrigerator. In addition to this, the evolving rural areas are also anticipated to provide significant potential for the expansion of the refrigerator market across the country.

Request a Free Sample of our India Refrigerator Market: https://www.omrglobal.com/request-sample/india-refrigerator-market

Furthermore, the presence of global refrigerator companies will also cater to the growth of the market. The global companies are also expanding their market reach in the region with the launch of new technologically advanced products that are designed specifically considering the Indian demographics and requirements. It is expected to increase the average price of refrigerators in the country. For instance, in September 2020, Whirlpool Corp. a globally recognized brand of refrigerator launched a new range of bottom-mounted range of refrigerators in a capacity ranging between 325L and 355L in Omega Steel and Steel Onyx finish in the Indian market. The refrigerators come with several features such as adaptive intelligence technology, 3D airflow technology, and IntelliSense Inverter technology that are aimed at catering to the requirements of individual households.

A full Report of India Refrigerator Market is Available at: https://www.omrglobal.com/industry-reports/india-refrigerator-market

Market Coverage
• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-
o By Product Type
o By Application
o By Distribution Channel
• Competitive Landscape- Electrolux AB, General Electric Co., Haier Group Corp., Robert Bosch GmbH, Whirlpool Corp.

Asia-Pacific Refrigerator Market Report Segment

By Product Type

• Single Door
• Double Door
• Side by Side Door
• French Door
• Other

By Application

• Residential
• Commercial

By Distribution Channel

• Online Channel
• Offline Channel

Company Profiles

• Electrolux AB
• Godrej & Boyce Manufacturing Co. Ltd.
• Haier Group Corp.
• Hitachi, Ltd.
• LG Electronics Inc.
• Liebherr-International Deutschland GmbH
• Mitsubishi Electric Corp.
• Panasonic Corp.
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Videocon Industries Ltd.
• Voltas Ltd.
• Whirlpool Corp.
• Xiaomi Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/india-refrigerator-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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