The Rising Popularity of Smart Refrigerator will Foster the Growth of the Global Refrigerator Market:

The global refrigerator market is anticipated to grow with a considerable CAGR of 6.2% during the forecast period (2020-2026). The continuous advancements in technologies are a major factor fueling the growth of the refrigerator market. Additionally, the increasing product innovation by global players will also aid in the growth of the market. For instance, in 2020, Bosch has planned to debut 3 new range of refrigerator in the market. These new refrigerator models will be equipped with advanced technology and features such as First In-Unit, Glass-Front Refreshment Center, and QuickIcePro System. In addition to this, the integration of AI technology to the refrigerator by companies such as Samsung and LG is also expected to present new growth opportunities to the refrigerator market.

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Furthermore, commercial refrigerators are also expected to have significant growth in the refrigerator market. The growth of the refrigerator market can be attributed to the continuously expanding global food and restaurant sector.  Additionally, the rising food retail businesses coupled with the increasing demand for ready to eat food segment is also driving the adoption of refrigerators at commercial places. Moreover, the high demand for packaged food and drinking water is also aiding the demand for commercial refrigerators, thus driving the market.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- 

o By Product Type

o By Application

o By Distribution Channel

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Electrolux AB, General Electric Co., Haier Group Corp., LG Electronics Inc., Whirlpool Corp.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Refrigerator Market Report Segment

By Product Type

• Single Door 
• Double Door 
• Side by Side Door 
• French Door
• Other Type

By Application

• Household
• Commercial 

By Distribution Channel

• Online Channel
• Offline Channel

Global Refrigerator Market Report Segment

North America           

• US
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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