Freestanding Freezers Drive Indonesia Refrigeration Appliances Market

A recent study by Triton Market Research titled Indonesia Refrigeration Appliances Market includes the Global Analysis and Forecasts by Distribution Channel (E-commerce, Electronics and Appliance Specialists, Hypermarkets, Other Distribution Channels) and Category (Fridge Freezers, Electric Wine Coolers/Chillers, Fridges, Freezers).

Refrigeration appliances play a key role in preventing food spoilage, controlling the activity of germs. They are offered to end-users through various distribution channels such as e-commerce, electronics and appliance specialists, hypermarkets, and other distribution channels.

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Triton Market Research's report indicates that the Indonesia refrigeration appliances market is set to progress at a CAGR of 5.57%, reaching a revenue worth $1582.75 million by 2028.

In recent years, freestanding freezers have been a popular choice amongst consumers in Indonesia. This is due to the flourishment of home-based frozen food businesses involved in the sale of ice cream, meatballs, and chicken nuggets. Such trends increased the chest freezer sale in 2021, which is anticipated to remain the same throughout the projected period. Thus, the aforementioned factors contribute to the growth of the refrigeration appliances market in the country.

However, there is comparatively little integration of SMEs as suppliers in global supply chains, as major electronics production in Indonesia is for the domestic market rather than for export. Due to a lack of indigenous production, Indonesia's industry relies heavily on imports of parts, components, and other inputs. Thus, the aforementioned factors are expected to hamper the Indonesia refrigeration appliances market growth.

The refrigeration appliances market is bifurcated into distribution channel and category. Based on distribution channel, the market is divided into e-commerce, electronics and appliance specialists, hypermarkets, and other distribution channels. And the category segment includes fridge freezers, electric wine coolers/chillers, fridges, and freezers.

In 2021, Indonesia recorded a significant number of launches and developments. For instance, LG launched the LG GC-L22FTQBL, a multi-door refrigerator with a UV Nano water dispenser that removes any harmful particles that may have adhered to the refrigerator's water outlet. Further, since COVID-19, the work-from-home trend has grown the demand for various home appliances, including refrigerators. Thus, strategic initiatives by players and an increasing number of people working from home are anticipated to drive the market for refrigeration appliances in Indonesia.

The key players in the refrigeration appliances market include Toshiba Corporation, Samsung Electronics Co. Ltd, LG Corporation, Sharp Corporation, and Panasonic Corporation.

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Question & Answer: Indonesia Refrigerator Appliances Market

Question 1: What factors contribute to the growth of the Indonesia refrigeration appliances market?
Answer: In recent years, freestanding freezers have been a popular choice amongst consumers in Indonesia. This is due to the flourishment of home-based frozen food businesses involved in the sale of ice cream, meatballs, and chicken nuggets. Such trends increased the chest freezer sale in 2021, which is anticipated to remain the same throughout the projected period. Thus, the aforementioned factors contribute to the growth of the refrigeration appliances market in the country.

Question 2: Which factors hamper the Indonesia refrigeration appliances market's growth?
Answer: There is comparatively little integration of SMEs as suppliers in global supply chains, as major electronics production in Indonesia is for the domestic market rather than for export. Due to a lack of indigenous production, Indonesia's industry relies heavily on imports of parts, components, and other inputs. Thus, the aforementioned factors are expected to hamper the Indonesia refrigeration appliances market growth.

Question 3: What is the refrigerator appliances market outlook in Indonesia?
Answer: In 2021, Indonesia recorded a significant number of launches and developments. For instance, LG launched the LG GC-L22FTQBL, a multi-door refrigerator with a UV Nano water dispenser that removes any harmful particles that may have adhered to the refrigerator's water outlet. Further, since COVID-19, the work-from-home trend has grown the demand for various home appliances, including refrigerators. Thus, strategic initiatives by players and an increasing number of people working from home are anticipated to drive the market for refrigeration appliances in Indonesia.

Question 4: Who are the key players in the refrigeration appliances market?
Answer: The key players in the refrigeration appliances market include Toshiba Corporation, Samsung Electronics Co. Ltd, LG Corporation, Sharp Corporation, and Panasonic Corporation.

Related Report:

Asia-Pacific High-Speed Camera Market 2019-2027 - https://www.tritonmarketresearch.com/reports/asia-pacific-high-speed-camera-market

The Asia-Pacific high-speed camera market is expected to advance at a CAGR of 8.39% during the forecast period of 2019-2027.

High-speed cameras are used to detect flaws in manufacturing processes. This helps the manufacturing industry to increase the quality of its products (aerospace, defense, automotive).

In China, these advanced cameras help identify speeding drivers by detecting irregularities in the vehicle's paintwork or scratches. Additionally, the nation's camera network is supported by AI that catches minute differences, easily differentiating between vehicles. Therefore, the growing deployment of high-speed cameras is expected to drive the studied market.

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