Toll Free: 1-888-928-9744

Smart Refrigerators Market Size Analysis Report By Door Type (Single, Double, Side by Side, French), By End user (Residential, Commercial) By Distribution Channel (Offline, Online), And Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 75 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global smart refrigerators market size is expected to reach USD 624.7 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 13.7% during the forecast period. Rapid advancements in IT infrastructure and wireless communication is anticipated to favor the growth. Multiple benefits such as energy efficiency, optimized cooling operations, facilities of digital display of the product expiry, alerts for timely usage of foods are spurring the acceptance of smart refrigerators across the residential and commercial sectors.

French door category is expected to register the fastest CAGR of 14.0% from 2018 to 2025, thereby accounting for a revenue share of 20.2% by 2025. This product generally has 3 or 4 doors to support the expanding number of nuclear families. Moreover, habit of stocking ample groceries due to busy lifestyles and growing trend of storing preserved food are expected to support the growth of this category in near future. French door smart refrigerators also have a wide application in the food service industry and food retailers wherein they need to maintain large stock of products to serve the customers.

In 2018, Electrolux and a Sweden based startup Karma had introduced smart refrigerators for grocery stores. The product is integrated with Karma's application and will help reduce food wastage. It is designed to efficiently create storage and pickup points for all the unsold products. This facility will help the retailers keep a track of the expiry dates of left over items and sell them off on time.

In 2018, North America led the global smart refrigerators market with a share of 31.2%. Rising purchasing power, awareness about the advantages of the product, and rising standard of living have been driving growth of the regional market.

Asia Pacific is expected to expand at the fastest CAGR of 15% over the next few years. The growing urban population with high purchasing power is expected to favor strong regional demand for smart and connected refrigerators. Moreover, the noticeable rise in adoption of smart appliances is also expected to propel the regional market growth over the forecast period.

Some of the key players operating in the global market include Electrolux AB, Hisense Co. Ltd, LG Electronics, Midea Group, Samsung Electronics Co. Ltd, Siemens AG, GE Appliance, Haier Group Corporation, Whirlpool Corporation, and Panasonic Corporation.

Companies are continuously upgrading and introducing enhanced product features to cater to the changing requirements of the consumers with busy lifestyles. For instance, in 2018, Samsung introduced a new fridge integrated with a 21-inch touch display, cameras, and speakers, to allow the consumers to list down grocery items, read out schedules, view food expiry dates on digital screen, and watch video clips.

Further key findings from the report suggest:

• Double door segment was estimated to account for the highest revenue share of about 33.6% in 2018

• French door segment is expected to register the fastest CAGR of 14% during the forecast period

• Commercial end use is expected to have the fastest acceptance, thereby expanding at a CAGR of 14.1% over the next few years

• Offline distribution channel is expected to witness the fastest CAGR of 71.2% by 2025

• Asia Pacific smart refrigerators market is expected to register a CAGR of 15% by 2025, owing to developing economies, improved standards of living, and rising disposable income
 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Smart Refrigerators Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Smart Refrigerators Market
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Smart Refrigerators Market: Door Type Estimates & Trend Analysis
                    5.1. Door Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. Single 
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Double
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Side by Side
                         5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.5. French 
                         5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Smart Refrigerators Market: End User Estimates & Trend Analysis
                    6.1. End User Movement Analysis & Market Share, 2018 & 2025
                    6.2. Residential
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Commercial
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Smart Refrigerators Market: Distribution Channel Estimates & Trend Analysis
                    7.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    7.2. Offline
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.3. Online
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 8. Smart Refrigerators Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                         8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.2.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                         8.2.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         8.2.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.2.5. U.S.
                              8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.2.5.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                              8.2.5.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              8.2.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.3. Europe
                         8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.3.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                         8.3.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         8.3.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.3.5. U.K.
                              8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.3.5.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                              8.3.5.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              8.3.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.4. Asia Pacific
                         8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.4.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                         8.4.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         8.4.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.4.5. China 
                              8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.4.5.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                              8.4.5.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              8.4.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.4.6. India
                              8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.4.6.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                              8.4.6.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              8.4.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         8.4.7. Japan
                              8.4.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              8.4.7.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                              8.4.7.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              8.4.7.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.5. Central & South America
                         8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.5.2. M Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                         8.5.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         8.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.6. Middle East & Africa (MEA)
                         8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         8.6.2. Market estimates and forecast, by door type, 2015 - 2025 (USD Million)
                         8.6.3. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         8.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)

Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                         9.3.1. Key company market share analysis, 2018

Chapter 10. Company Profiles
                    10.1. Electrolux AB 
                         10.1.1. Company Overview
                         10.1.2. Financial Performance
                         10.1.3. Product Benchmarking
                         10.1.4. Strategic Initiatives
                    10.2. Hisense Co. Ltd 
                         10.2.1. Company Overview
                         10.2.2. Financial Performance
                         10.2.3. Product Benchmarking
                         10.2.4. Strategic Initiatives
                    10.3. LG Electronics
                         10.3.1. Company Overview
                         10.3.2. Financial Performance
                         10.3.3. Product Benchmarking
                         10.3.4. Strategic Initiatives
                    10.4. Samsung Electronics
                         10.4.1. Company Overview
                         10.4.2. Financial Performance
                         10.4.3. Product Benchmarking
                         10.4.4. Strategic Initiatives
                    10.5. Midea Group 
                         10.5.1. Company Overview
                         10.5.2. Financial Performance
                         10.5.3. Product Benchmarking
                         10.5.4. Strategic Initiatives
                    10.6. Haier Group Corporation
                         10.6.1. Company Overview
                         10.6.2. Financial Performance
                         10.6.3. Product Benchmarking
                         10.6.4. Strategic Initiatives
                    10.7. Whirlpool Corporation
                         10.7.1. Company Overview
                         10.7.2. Financial Performance
                         10.7.3. Product Benchmarking
                         10.7.4. Strategic Initiatives
                    10.8. Panasonic Corporation
                         10.8.1. Company Overview
                         10.8.2. Financial Performance
                         10.8.3. Product Benchmarking
                         10.8.4. Strategic Initiatives
                    10.9. GE Appliance
                         10.9.1. Company Overview
                         10.9.2. Financial Performance
                         10.9.3. Product Benchmarking
                         10.9.4. Strategic Initiatives
                    10.10. Siemens AG
                         10.10.1. Company Overview
                         10.10.2. Financial Performance
                         10.10.3. Product Benchmarking
                         10.10.4. Strategic Initiatives
List of Tables

1. Smart refrigerators - Key market driver analysis
2. Smart refrigerators - Key market restraint analysis
3. Global single door smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
4. Global double door smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
5. Global side by side door smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
6. Global french door smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
7. Global residential smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
8. Global commercial smart refrigerator market estimates and forecast, 2015 - 2025 (USD Million)
9. Global smart refrigerators market estimates and forecast for offline, 2015 - 2025 (USD Million)
10. Global smart refrigerators market estimates and forecast for online, 2015 - 2025 (USD Million)
11. North America smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
12. North America smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
13. North America smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
14. North America smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
15. U.S. smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
16. U.S. smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
17. U.S. smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
18. U.S. smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. Europe smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
20. Europe smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
21. Europe smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. U.K. smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
23. U.K. smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
24. U.K. smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
25. U.K. smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. Asia Pacific smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
27. Asia Pacific smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
28. Asia Pacific smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
29. China smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
30. China smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
31. China smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
32. China smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
33. India smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
34. India smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
35. India smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
36. Japan smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
37. Japan smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
38. Japan smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
39. Japan smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. Central & South America smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
41. Central & South America smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
42. Central & South America smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
43. MEA smart refrigerators market estimates and forecast, 2015 - 2025 (USD Million)
44. MEA smart refrigerators market revenue estimates and forecast by door type, 2015 - 2025 (USD Million)
45. MEA smart refrigerators market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
46. MEA smart refrigerators market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
47. Vendor landscape 


List of Figures

1. Smart refrigerators market snapshot 
2. Smart refrigerators market segmentation & scope
3. Smart refrigerators market penetration & growth prospect mapping
4. Smart refrigerators value chain analysis
5. Smart refrigerators market dynamics
6. Smart refrigerators market Porter's analysis 
7. Smart refrigerators market: Product movement analysis 
8. Smart refrigerators market: End User movement analysis 
9. Smart refrigerators market: Distribution Channel movement analysis 
10. Smart refrigerators market: Regional movement analysis

To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $2450
Multi User - US $5450
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.

verify