Household Refrigerators & Freezers Market share worth $78.2bn by 2025

• The report "Household Refrigerators And Freezers Market Size By Product (Top Mounted Freezer, Bottom Mounted, Side-By-Side, French Door Bottom Freezer), Industry Analysis Report, Regional Outlook (U.S., Canada, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, India, Japan, Brazil, Mexico, Middle East, Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025", says that household refrigerators and freezers market share to reach USD 78.22 billion by 2025, according to a new research report by Global Market Insights, Inc.

Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years. The latest energy efficiency standard demands the new models of refrigerators and freezers to cut their energy consumption by 20% – 25%, which is pushing the manufacturers to spend heavily in R&D to develop the high-efficiency refrigerators meeting the energy standards. The active partaking of the manufacturers along with the high demand from the consumers for the advanced refrigerators will enhance the household refrigerators & freezers industry outlook over the coming timeframe.

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The implementation of the new generation features such as smartphone connectivity and automated temperature adjustability in the refrigerators and freezers will surge the product demand. Gradually changing lifestyle in the rural areas along with increasing disposable income of the consumers will build a lucrative roadmap for household refrigerators and freezers industry trends over the period of 2016 to 2025. In addition, heavy investment by government in electrification across the rural areas will further boost the household refrigerators and freezers market trends significantly.

Additionally, compressor less refrigerator and freezers is one of the notable technological innovations, which will become a significant growth factor in the household refrigerators and freezers industry. An average refrigerator consumes 13.7% of the home energy which is the second highest usage rate after the air conditioner. Newly launched products having ENERGY STAR label are being incorporated at a rapid rate worldwide. French door bottom freezers to lead the household refrigerators and freezers product landscape

Top mounted freezer, French door bottom freezer, bottom mounted, and side-by-side are the prominent products of the household refrigerators and freezers market. Side-by-Side household refrigerators & freezers market will register a CAGR of 4% over the coming eight years, driven by the rising consumption of the frozen and fast foods across the urban regions. Moreover, enhanced life style, easy financing options, and incorporation of maintenance free compressors will boost the demand for the side-by-side refrigerator.

French door bottom freezers accounted for 25% of the market share in 2015 and will grow lucratively over the coming years, owing to the growing demand for technically advanced products.

Browse key industry insights spread across 110 pages with 184 market data tables & 10 figures & charts from the report, "Household Refrigerators And Freezers Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/household-refrigerators-and-freezers-market

Geographically, U.S. contributed majorly towards the North America household refrigerators and freezers market share in 2015 and will grow noticeably over the coming timeframe, owing to the growing demand for eco-friendly products.

Europe household refrigerators and freezers industry is predicted to exhibit a lucrative growth rate over the coming eight years. The attributing factors towards the market growth are surging need of energy efficient products and rising disposable income.

The market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, as it is a major value add for the consumers leveraging a decent energy and cost saving for them. Whirlpool, Electrolux, Haier, Samsung, and L.G. are some of the major giants in the household refrigerators and freezers market. Other notable key players include Panasonic, Frigidaire, Bosch, and General Electric.

Table Content of Household Refrigerators And Freezers Market:

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.2 Data Sources

Chapter 2 Executive Summary

2.1 Household refrigerators and freezers industry 3600 synopsis, 2010 - 2025

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Product trends

Chapter 3 Household Refrigerators and Freezers Industry Insights

3.1 Household refrigerators and freezers industry segmentation

3.2 Industry size and forecast, 2010 - 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.3 Product cost structure analysis

3.3.4 Profit margin indicators

3.3.5 Customer insights

3.4 Technology & innovation landscape

3.5 Regulatory landscape

3.6 Household refrigerators and freezers industry impact forces

3.6.1 Growth drivers

3.6.1.1 Growing energy efficiency initiatives

3.6.1.2 Increasing purchasing power

3.6.1.3 Technological advancements in product development

3.6.2 Industry pitfalls and challenges

3.6.2.1 Significant untapped population base

3.7 Growth potential analysis

3.8 Porter’s analysis

3.9 Company market share analysis, 2015

3.9.1 Strategy dashboard

3.9.2 Market concentration

3.10 PESTEL analysis

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