AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Household Refrigerator market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Household Refrigerator market to grow at a CAGR of %.
The Cooling Technology, such as Compressor Refrigerators, is boosting the Household Refrigerator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Storage Capacity, such as Small Storage Capacity Refrigerators (<100L), is boosting the Household Refrigerator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Door Type, such as Single Door, is boosting the Household Refrigerator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Marketing Channel, such as Direct, is boosting the Household Refrigerator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Household Refrigerator market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Demand for Consumer Goods, Rising Demand for Refrigerated Food Products & Nuclear Families, Rapid Economic Growth and Urbanization and Increasing Disposable Income of Consumers.
A household refrigerator is a household appliance that consists of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) which transfers heat from the inside of the fridge to its external environment. The main function is that inside of the fridge it is cooled to a temperature below the ambient temperature of the room. Refrigeration is an essential food storage technique. Further, Emerging Commercialization and changing the lifestyle of consumers in line with the adoption of modern technologies is driving the Global Household Refrigerator market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Household Refrigerator market by Type (Single Compressor Based Model and Dual Compressor Based Model), by Application (Residential, Hotel, Hospital and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market