The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in the adoption of smart cities and smart infrastructures are expected to drive innovation in smart refrigerators manufacturing, thus driving the market during the forecast period.

The global smart refrigerators market is expected to grow from $4.89 billion in 2021 to $5.23 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The global smart refrigerators market is expected to grow to $6.84 billion in 2026 at a CAGR of 6.9%.

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Global Smart Refrigerators Market Segments Include:

• By Product: Top Freezer Refrigerator, Bottom Freezer Fridge, Side-Sy-Side Refrigerator, French Door Refrigerator
• By Technology: Wi-Fi, Radio Frequency Identification (RFID), Cellular Technology, Bluetooth, ZigBee, Touchscreen
• By Door Type: Single, Double, Side by Side, French
• 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. Among these regions, Asia Pacific is the largest region in the global smart refrigerators market in 2021.

Major Market Players in the smart refrigerators market include Haier, Samsung Electronics, LG Electronics Inc., Panasonic Corporation, Whirlpool, Siemens AG, Midea Group, Hisense Co. Ltd., Electrolux.

The IoT-enabled family hub refrigerator is a key trend in the smart refrigerator market. 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. In July 2020 Samsung launched its connected SpaceMax Family Hub Refrigerator which has additional storage space.

The Smart Refrigerators Global Market Report 2023  provides a smart refrigerators market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart refrigerators market forecast analyzes smart refrigerators market size, smart refrigerators market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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 is generated directly from the internet. Smart refrigerators are used in residential and commercial sectors.

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