The introduction of the smart refrigerator will drive the growth of the US Refrigerator Market

The US refrigerator market is anticipated to grow with a considerable CAGR of 5.6% during the forecast period (2020-2026). Refrigerators hold a prominent position among American households. The growth of the refrigerator across the country is influenced by the high disposable income coupled with high brand awareness across the region. Additionally, the demand for the replacement of old refrigerators is also high across the region which will also significantly aid the growing shares of the refrigerator market.

Browse the full report description US Refrigerator Market Size, Share & Trends Analysis Report By Product Type (Single Door, Double Door, Side by Side Door, French Door and other), By Application (Residential and Commercial), By Distribution Channel (Online Channel and Offline Channel), Forecast Period 2020-2026 at https://www.omrglobal.com/industry-reports/us-refrigerator-market

Furthermore, internet penetration is significantly high across the region which is expected to foster the demand for smart feature enabled refrigerators. Owing to this, the companies working across the region also have a high focus on the product innovation of refrigerators. For instance, in January 2020, during the Consumer Electronics Shows (CES) in Las Vegas, the US, LG, and Samsung Electronics both launched their AI-powered smart refrigerators. Samsung’s refrigerator was known as Samsung Family Hub Smart Fridge and LG’s refrigerators are called InstaView Smart Fridge that features two models with a 22-inch transparent display panel. Such launches are anticipated to significantly aid in the growth of the refrigerator industry in the country in the near future.

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

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

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment 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 segment

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

US Refrigerator Market Report Segment

By Product Type

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

By Application

• Residential 
• Commercial 

By Distribution Channel

• Online Channel
• Offline Channel