December 15, 2020

Household Refrigerator Market Size, Top Players & Forecast Report to 2027

Household Refrigerator Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2020-2027 based on the historical data. This research report delivers recent developments of major players with their respective market share. In addition, it also delivers detailed analysis of regional and country market.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the household refrigerator market include Godrej Appliances Ltd., Frigidaire, GE Appliances, Whirlpool Corporation, Electrolux AB, Videocon International Ltd., BPL Refrigeration, LG Electronics Inc., Samsung Electronics Limited, Haier Group, Sears Holdings Management Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The prominent factor pushing the global household refrigerator market's growth includes the rising consumption of refrigerated and packed food products, rapid urbanization, and increasing nuclear families. Advancement in technology, the introduction of IoT enabled, Wi-Fi-connected refrigerators in the market, and inclining trend towards smart home appliances are theother drivers impacting the growth of this market. During the COVID-19 pandemic, the global household refrigeration market is likely to face certain hindrances owing to decreased production rate and reduced sale of the home appliances.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of household refrigerator.

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Market Segmentation

The entire household refrigerator market has been sub-categorized into cooling technology, deployment type, storage capacity and type of model. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Cooling Technology

·         Compressor Refrigerators

·         Absorption Refrigerators

·         Solar Refrigerators

·         Acoustic Refrigerators

·         Magnetic Refrigerators

·         Thermal Mass Refrigerators

By Deployment Type

·         Free-Standing Refrigerators

·         ‘built into a kitchen’ refrigerators.

·         By Storage Capacity

·         Small Storage Capacity Refrigerators (<100L)

·         Medium Storage Capacity Refrigerators (100L-200L)

·         Large Storage Capacity Refrigerators (200L-300L)

·         Others (>300L)

By Type of Model

·         Single Compressor Based Model

·         Dual Compressor Based Model

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for household refrigerator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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