What is Smart French Door Refrigerator Market?
In today’s time, smart home products are becoming extremely popular thanks to industry 4.0 and the development of advanced technologies. The demand for smart kitchen appliances has been continuously increasing among households to give a high-end and luxurious look to a kitchen. French door refrigerators come with wider shelves and larger storage capacity. Further, a smart refrigerator allows users to track all food & beverages available in the refrigerator which helps to easily discover and organize items in a proper way. Asia Pacific region is expected to witness significant growth due to increasing households’ disposable income and changes in the lifestyle of consumers.
Highlights from Smart French Door Refrigerator Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | LG Electronics (South Korea), Hitachi (Japan), Samsung Electronics (South Korea), Haier (China), GE Appliance (United States), Whirlpool Corporation (United States), Hisense International (China), BSH Hausgerate (Germany), Electrolux AB (Sweden), Siemens (Germany), Panasonic (Japan) and Toshiba (Japan) |
The key manufacturers are targeting the innovations of the products with better quality and technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players will probably keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market
LG Electronics (South Korea), Hitachi (Japan), Samsung Electronics (South Korea), Haier (China), GE Appliance (United States), Whirlpool Corporation (United States), Hisense International (China), BSH Hausgerate (Germany), Electrolux AB (Sweden), Siemens (Germany), Panasonic (Japan) and Toshiba (Japan) are some of the key players profiled in the study. Smart French Door Refrigerator Market Segmentation:
Scope | Sub-Segments |
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Type | 3 Door and 4 Door |
Cooling | Twin Cooling,Twin Cooling Plus,Triple Cooling |
Capacity | < 400 Liter,400-500 Liter,500-600 Liter,> 600 Liter |
Sales Channel | Online,Offline |
Connectivity Technology | WiFi,NFC,Bluetooth |
On the basis of geography, the market of Smart French Door Refrigerator has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Smart French Door Refrigerator Market Dynamics:
Attributes | Details |
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Growth Drivers | - Significant Inclination Towards the Smart Kitchen Appliances Among Households to Give High-End Look to Kitchen
- Increasing Disposable Income and Purchasing Power of Consumers
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Influencing Trends | - Focus on Upgradation of New and High-Tech Features in French Door Smart Refrigerators
- Emerging Trend of Twin Cooling Plus Technology in Multi-door Refrigerators for Separately Cooling of Freezer and Fridge Compartments
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Restraints | - High Prices Associated With French Door Refrigerators as Compared to Others Can Create Hurdles
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Road Blocks / Challenges | - Narrow Door Storage and Less Convenient Bottom Drawer of French Door Refrigerators
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Gaps & Opportunities | - High Growth of Smart Refrigerators in Asia Pacific Region Due to Increasing Disposable Income of Households in Countries like China, Japan, and South Korea
- Inclination of Consumers Towards the Replacing their Refrigerators with Modern Refrigerators
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Market Leaders & Development Strategies
In September 2021, Samsung launched a Bespoke flex french door refrigerator in the Indian market. The refrigerator comes with advanced technologies and features including UV technology, triple cooling system, a convertible freezer, and smartphone connectivity. It is available in two different color options, black caviar metal, and glam nave & glam white with dual adjustable temperatures in Flex Crisper zone for storing meat, poultry, or other seafood and keeping fruits & vegetables fresh.
In April 2021, Xiaomi launched double door and cross-four-door refrigerator with a smart operating model under the MIJIA brand. The 496L capacity four-door refrigerator consists of two compartments, a 316L refrigerator compartment, and a 162L freezer compartment. The newly launched refrigerator is wear-resistance and also supports silver ion antibacterial features with up to 99.9% protection rate.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Smart French Door Refrigerator Manufacturers, Smart French Door Refrigerator Suppliers & Distributors, Raw Material Providers, Venture Capitalists and Private Equity Firms and Others