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Refrigerator Market Share

  • Report ID: GMI5111
  • Published Date: Mar 2023
  • Report Format: PDF
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Refrigerator Market Share

The refrigerator market is moderately consolidated and is witnessing a high demand owing to the increasing population & urbanization. The rising demand has encouraged various market players to launch new models and expand their product portfolios. Key players in the market include:

  • Haier Smart Home Co., Ltd.
  • Hitachi, Ltd.
  • LG Electronics, Inc.
  • Panasonic Corporation,
  • Samsung Electronics
  • Whirlpool Corporation.
     

For instance, in January 2023, Samsung Electronics Co., Ltd. announced its plans to launch the Bespoke Infinite Line Refrigerator in five European countries. The new refrigerator is available with various options including fridge, freezer or wine cellar and has a modular design. It also has simple lines as well as high-quality materials & features to increase convenience and food storage.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of refrigerator surpassed USD 100 billion in 2022 and is predicted to witness 5% CAGR during 2023 to 2032, given the integration of sophisticated technologies such as AI in modern refrigeration units.

Glass door refrigerator industry size is predicted to cross 50 million units by 2032, on account of growing product use among commercial customers due to their high efficiency, productivity and the integration of innovative technologies and features.

Europe market is projected to attain 7% CAGR gains between 2023 and 2032, due to the budding popularity of modular and smart kitchens and the rising demand for energy-efficient home appliances among Europeans.

Some of the prominent suppliers of refrigerators include BSH Hausgerate GmbH (BOSCH), Haier Smart Home Co., Ltd, Hitachi, Ltd, LG Electronics, Inc., Panasonic Corporation, Samsung Electronics, and Whirlpool Corporation, among others.

Refrigerator Market Scope

  • Refrigerator Market Size
  • Refrigerator Market Analysis
  • Refrigerator Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 13
    • Tables & Figures: 1219
    • Countries covered: 17
    • Pages: 600
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