Household Refrigerators & Freezers Market to grow at 2.7% CAGR from 2016 to 2025

Global household refrigerators and freezers market share to grow at 2.7% CAGR from 2016 to 2025. Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years.

The latest energy efficiency standard demands the new models of refrigerators and freezers to cut their energy consumption by 20% – 25%, which is pushing the manufacturers to spend heavily in R&D to develop the high-efficiency refrigerators meeting the energy standards. The active partaking of the manufacturers along with the high demand from the consumers for the advanced refrigerators will enhance the household refrigerators & freezers industry outlook over the coming timeframe.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/849

The implementation of the new generation features such as smartphone connectivity and automated temperature adjustability in the refrigerators and freezers will surge the product demand. Gradually changing lifestyle in the rural areas along with increasing disposable income of the consumers will build a lucrative roadmap for household refrigerators and freezers industry trends over the period of 2016 to 2025. In addition, heavy investment by government in electrification across the rural areas will further boost the household refrigerators and freezers market trends significantly.

Additionally, compressor less refrigerator and freezers is one of the notable technological innovations, which will become a significant growth factor in the household refrigerators and freezers industry. An average refrigerator consumes 13.7% of the home energy which is the second highest usage rate after the air conditioner. Newly launched products having ENERGY STAR label are being incorporated at a rapid rate worldwide. French door bottom freezers to lead the household refrigerators and freezers product landscape.

Top mounted freezer, French door bottom freezer, bottom mounted, and side-by-side are the prominent products of the household refrigerators and freezers market. Side-by-Side household refrigerators & freezers market will register a CAGR of 4% over the coming eight years, driven by the rising consumption of the frozen and fast foods across the urban regions. Moreover, enhanced life style, easy financing options, and incorporation of maintenance free compressors will boost the demand for the side-by-side refrigerator.

French door bottom freezers accounted for 25% of the market share in 2015 and will grow lucratively over the coming years, owing to the growing demand for technically advanced products. Geographically, U.S. contributed majorly towards the North America household refrigerators and freezers market share in 2015 and will grow noticeably over the coming timeframe, owing to the growing demand for eco-friendly products.

Europe household refrigerators and freezers industry is predicted to exhibit a lucrative growth rate over the coming eight years. The attributing factors towards the market growth are surging need of energy efficient products and rising disposable income.The market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, as it is a major value add for the consumers leveraging a decent energy and cost saving for them. Whirlpool, Electrolux, Haier, Samsung, and L.G. are some of the major giants in the household refrigerators and freezers market. Other notable key players include Panasonic, Frigidaire, Bosch, and General Electric

Browse key industry insights spread across 110 pages with 184 market data tables & 10 figures & charts from the report, “Household Refrigerators And Freezers Market Size By Product (Top Mounted Freezer, Bottom Mounted, Side-By-Side, French Door Bottom Freezer), Industry Analysis Report, Regional Outlook (U.S., Canada, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, India, Japan, Brazil, Mexico, Middle East, Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/household-refrigerators-and-freezers-market

Table Content of Household Refrigerators & Freezers market

Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Household refrigerators and freezers industry 3600 synopsis, 2010 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Household Refrigerators and Freezers Industry Insights
3.1 Household refrigerators and freezers industry segmentation
3.2 Industry size and forecast, 2010 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Product cost structure analysis
3.3.4 Profit margin indicators
3.3.5 Customer insights
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.6 Household refrigerators and freezers industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing energy efficiency initiatives
3.6.1.2 Increasing purchasing power
3.6.1.3 Technological advancements in product development
3.6.2 Industry pitfalls and challenges
3.6.2.1 Significant untapped population base
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share analysis, 2015
3.9.1 Strategy dashboard
3.9.2 Market concentration
3.10 PESTEL analysis

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/849

This latest household refrigerators and freezers market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the household refrigerators and freezers industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report:

• Global Household Refrigerators and Freezers Market size & forecast by product & application.
• Growth drivers, pitfalls & industry challenges.
• Key Household Refrigerators and Freezers Market growth opportunities & emerging business models.
• Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.