Learn about the global refrigerators market through The Business Research Company, which provides information on refrigerators market size, refrigerators market drivers and restraints, refrigerators market players, the COVID-19 impact on the refrigerators market, and more.

The global refrigerators market size is expected to grow from $38.57 billion in 2021 to $39.64 billion in 2022 at a compound annual growth rate (CAGR) of 2.8%. The growth in the market is mainly due to the companies rearranging their operations and 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 refrigerator market is expected to reach $42.67 billion in 2026 at a CAGR of 1.9%.

The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as change in the dietary habits of consumers is driving the refrigerators market growth.

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The refrigerators market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of Refrigerators. The market includes sales of household refrigerators which are electrical appliances used to preserve food at cold temperatures.

Global Refrigerators Market Segments Include:

By Type: Single-Door, Double-Door, French-Door, Others

By Distribution Channel: Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online

By Application: Household, Commercial Use, Industrial Use

By Freezer Location: Freezer-on-Top, Freezer-on-Bottom, Freezer-Less

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the refrigerators market in 2021.

Refrigerators manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, adjust and monitor the temperature as per requirement.

TBRC’s refrigerators market report covers:

Major Market Players: Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, and Siemens.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Refrigerators Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides refrigerators market overviews, analyzes and forecasts market size, share, refrigerators market players, refrigerators market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s refrigerators market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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