Smart Refrigerator Market: by Technology (Wi-Fi, Bluetooth, RFID, and Others) by Distribution Channel (Online and Offline) by Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025

25-Oct-2019 | Number of pages: 147 | Report Code: ZMR-4948 | Report Format : | Status : Published

Abstract

Smart refrigerator market is expected to witness substantial rise over the coming years considering to the rising disposable income in various developing countries of Asia Pacific region. China is the major attraction for market players. It is projected that by 2021, smart refrigerators shipments will reach almost 10 Million units in China as compared to about 5 Million units in 2018. Similarly, the overall refrigerator market in India was valued at USD 1.5 Billion and is estimated to reach USD 3.6 Billion of which, smart refrigerators are anticipated to make vital contributions. Further, key manufacturers such as Panasonic, LG, and Samsung are focusing on developing strategic partnerships with various regional suppliers of to increase their product offerings and gain a competitive advantage in the market. Thus, the smart refrigerator market will grow over the forecast period.

Increasing adoption of numerous online platforms is fueling the demand for smart refrigerators. In 2018, it was valued that around 70% of Americans that have minimum income of USD 150 thousand, have “Amazon Prime” membership. Further, in 2018, the worldwide number of online consumers reached 1.6 billion in comparison to 1.07 billion in 2013. With the increasing adoption of mobile shopping, this number is expected to increase over the forecast period. Thus, it is expected that the usage on online platforms will boost the demand for smart refrigerator market.

The smart refrigerator market is bifurcated on the basis of technology, distribution channel, application, and region. Based on technology, the global smart refrigerator market is split into Wi-Fi, RFID, Bluetooth, and others. The Wi-Fi segment is anticipated to hold a huge share of the smart refrigerator market during the estimated period. This share is due to the high number of users opting for Wi-Fi technology in their smart home. On the basis of distribution channel, the global smart refrigerator market is divided into online and offline. The online segment is projected to rise at a considerable rate due to the growing adoption of internet by numerous retailers and distributors to broaden their customer base.

North America is projected to hold a substantial share of the global smart refrigerator market over the forecast timespan. The U.S. is considered as a major contributor in terms of revenue for the smart refrigerator market in this region considering the rising demand for the product in residential sector. Europe is expected to grow at a notable rate in the smart refrigerators market due to the increasing usage in various commercial places such as restaurants, retail outlets, hotels and many more.

Top players in the smart refrigerator market are LG Electronics, Samsung Electronics, Electrolux AB, Haier Group Corporation, Whirlpool Corporation, Panasonic Corporation, Hisense Co. Ltd., GE Appliance, and Midea Group among others. Major market players are focusing on collaborating with other organizations in the “IoT” technology. One such example is that of LG Electronics. The company has collaborated with Amazon and is now offering built in “Alexa” in its smart refrigerators.

The report segment of global smart refrigerator market as follows:

Global Smart Refrigerator Market: Technology Segment Analysis

  • Wi-Fi
  • Bluetooth
  • RFID
  • Others

Global Smart Refrigerator Market: Distribution Channel Segment Analysis

  • Online
  • Offline

Global Smart Refrigerator Market: Application Segment Analysis

  • Residential
  • Commercial

Global Smart Refrigerator Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Wireless Headphones Market - By Feature (Smart and Non-Smart), Type (In-Ear, On-Ear, and Over-Ear), By End Use (Fitness & Sports, Entertainment, and Gaming), Price Range (Low, Moderate, and Premium), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jul-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5354 | Report Format:

The global Wireless Headphones market, which is likely to amass revenue worth nearly 42.10 (USD Billion) by 2026, will register a CAGR of nearly 21% during the period from 2020 to 2026. The report offers assessment and analysis of the Wireless Headphones market on a global and regional level. The ...Read More

Quantum Dots (QD) Market - By Type (II-VI-Semiconductors, III-V-Semiconductors, and Silicon), By Application (Medicine, Optoelectronics & Optical Components, Alternative Energy, Agriculture, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5353 | Report Format:

The global Quantum Dots (QD) market accrued earnings worth 865 (USD Million) in 2019 and is set to record a CAGR of about 62.4% over the period from 2020 to 2026. The report offers assessment and analysis of the Quantum Dots (QD) market on a global and regional level. The study offers a comprehens...Read More

Coin Operated Laundry Machines Market - by Type (Coin Operated Washers, Coin Operated Dryers), by Application (Hotel, Laundry Home, Hospital, School Apartments, Others), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5352 | Report Format:

This report analyzes and estimates the Coin Operated Laundry Machines market at global, regional, and country level. Assessment of the global coin operated machines analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level fro...Read More

Passive Optical Network Market, by Structure (GPON, EPON, WDM-PON), by Component (ONT, OLT), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019– 2026

Mar-2020 | Price : $ 4199.00 | Pages: 144 | Report Code: ZMR-5343 | Report Format:

This report analyzes and estimates the passive optical network market at global, regional, and country level. Assessment of the global passive optical network analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2019...Read More

Metal Fabrication Equipment Market, by Equipment Type (Machining, Cutting, Forming, Welding, and Others), by Application (Residential, Commercial, and Industrial), by End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5342 | Report Format:

This report analyzes and estimates the metal fabrication equipment market at global, regional, and country level. Assessment of the global doctor blade analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 202...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.