Press release
Refrigerators Market Size 2022 with 7.5% CAGR : new business prospects by identifying trends and driving forces and Forecast up to 2029
The Global Refrigerators Market is forecast to reach USD 232.6 billion by 2029 by rising at a compound annual growth rate (CAGR) of 7.5% throughout the forecast period from 2022 To 2029Refrigerators Market Overview
In order to provide a practical and secure method of food preservation, refrigerators are frequently employed in both residential and commercial settings. They come in a variety of sorts depending on their size, characteristics, and intended use. In order to draw in end consumers, manufacturers in the sector are putting a lot of effort into producing more luxurious and cutting-edge refrigeration goods. With the help of retail locations, a number of well-known industry players, including Haier, Samsung, LG, GE Appliances, and many more, are extending their global market reach through merger and acquisition tactics. Environmentally friendly refrigeration solutions are now being developed by enterprises in the home appliance sector, reducing carbon footprints and facilitating green activities for environmental sustainability.
The global Refrigerators market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
February 2020 - Haier launched IoT based 83 new home appliance products including fridges, washing machines, LED TVs, air conditioners to expand their brand portfolio in India.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Refrigerators market manufacturers. The revenue created from the sales of Refrigerators Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Haier Group Corporation, Samsung Electronics, Siemens AG, Panasonic Corporation, LG Electronics Inc., Whirlpool Corporation, Midea Group, Electrolux AB, Liebherr Group, and Bosch Group and Others.
The Refrigerators Market has been segmented as below:
Refrigerators Market by Product, 2020-2029, (USD Million) (Thousand Units)
Frost
Non-Frost
Refrigerators Market by Refrigerant, 2020-2029, (USD Million) (Thousand Units)
HFC
HCFC
Refrigerators Market by Technology, 2020-2029, (USD Million) (Thousand Units)
Inverter
Non-Inverter
Refrigerators Market by Volume, 2020-2029, (USD Million) (Thousand Units)
Below 50L
51-100L
101-150L
151-200L
201-250L
251-300L
301-400L
401-500L
501-600L
601-750L
Above 750L
Refrigerators Market by Application, 2020-2029, (USD Million) (Thousand Units)
Household
Commercial
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Refrigerators Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Refrigerators market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Refrigerators Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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