Global Smart Refrigerators Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Smart Refrigerators Market Report by The Business Research Company covers smart refrigerators market drivers and restraints, smart refrigerators market size, major players, and the impact of COVID-19 on the smart refrigerators market.
The smart refrigerators market consists of sales of smart refrigerators and related services that are used in residential and commercial sectors. A smart refrigerator is a programmed high-tech refrigerator that can identify the type of products stored therein and keep track of important information such as expiry and usage. Such refrigerators operate on a barcode or RFID network whereby the batch is collected and information are generated directly from the internet.
The rise in adoption of smart cities and smart infrastructures is a key factor driving the growth of the smart refrigerator market. The Internet of Things (IoT) market has been growing, with smart home devices and appliances, home is getting smarter with new devices that are available with internet connectivity. Smart home devices such as Google Nest, Ring and smart fridges have held users aware of the IoT trend, which relates to the connectivity of everyday items over the Internet.
The global smart refrigerators market is expected grow from $2.5 billion in 2020 to $2.9 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.56 billion in 2025 at a CAGR of 12%.
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Some smart refrigerators market trends include the IoT-enabled family hub refrigerator. The new Family Hub refrigerator provides features such as testing from anywhere what’s inside the refrigerator, leaving messages on the White Board, seeing who’s at the front door via a connected doorbell, adjusting the thermostat, watching CCTV video, suggestions for recipes, shopping recommendations, etc.
Global smart refrigerators market segments include:
1) By Product: Top Freezer Refrigerator, Bottom Freezer Fridge, Side-Sy-Side Refrigerator, French Door Refrigerator.
2) By Technology: Wi-Fi, Radio Frequency Identification (RFID), Cellular Technology, Bluetooth, ZigBee, Touchscreen.
3) By Door Type: Single, Double, Side by Side, French.
4) By End Use: Residential, Commercial.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Smart Refrigerators Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides smart refrigerators market overviews, analyzes and forecasts market size, share, smart refrigerators market players, smart refrigerators market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The smart refrigerators market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Smart Refrigerators Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Haier, Samsung Electronics, LG Electronics Inc., Panasonic Corporation, Whirlpool, Siemens AG, Midea Group, Hisense Co. Ltd., Electrolux, GE Appliances, AB Electrolux, Bosch Group, Liebherr Group, Frigidaire, TCL, Hitachi, Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The smart refrigerators Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The smart refrigerators Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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