Global Inverter Technology Refrigerators Market 2016-2020

  • ID: 3846181
  • Report
  • Region: Global
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • Arçelik
  • Haier
  • Hitachi
  • Midea
  • Panasonic
  • Samsung Electronics
  • MORE
1h Free Analyst Time

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About Inverter Technology

Inverter technology was developed in Japan and is being used in many household appliances such as air conditioners and refrigerators.

Inverter compressors are mainly used in refrigerators to:

- Vary the speed of the motor so as to control the cooling capacity as per requirement
- Save more electricity (around 30%-50%) than conventional refrigerators available in the market

The analysts forecast the global inverter technology refrigerators market to grow at a CAGR of 11.44% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global inverter technology refrigerators market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail outlets.

The market is divided into the following segments based on geography:

- Americas
- APAC
- Europe
- MEA

The report, Global Inverter Technology Refrigerators Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Hitachi
- LG Electronics
- Panasonic
- Samsung Electronics

Other prominent vendors
- Arçelik
- Godrej
- Haier
- Hisense
- Midea
- Mitsubishi Electric
- Robert Bosch
- Toshiba
- Whirlpool

Market drivers
- Energy savings with electronic variable speed drive motor

Market challenges
- Small market for inverter technology refrigerators in Europe and the US

Market trends
- Value added features to justify high cost of inverter refrigerators

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Arçelik
  • Haier
  • Hitachi
  • Midea
  • Panasonic
  • Samsung Electronics
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report
  • Market overview
  • Base year
  • By retail distribution channel (revenue)
  • By geography
  • Definitions/descriptions
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Mechanism of inverter technology refrigerator
  • Comparison between conventional refrigerators and inverter technology refrigerators
  • Inverter technology applied to various types of compressors such as reciprocating, rotary, and linear
  • Top reasons for consumers to buy inverter technology refrigerators
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by retail distribution channels

PART 07: Geographical segmentation
  • Inverter technology refrigerator market in APAC
  • Inverter technology refrigerator market in Europe
  • Inverter technology refrigerator market in Americas
  • Inverter technology refrigerator market in MEA
PART 08: Market drivers
  • Superior performance achieved through variable motor drive (frequency conversion/control) and choice of suitable compressor
  • Attractiveness and sophistication of inverter refrigerators in terms of design
  • Innovative inverter technology creating opportunity for upgrade purchase
PART 09: Impact of drivers

PART 10: Market challenges
  • Lack of standardization for interface and core frequency control algorithm
  • High prices of inverter system owing to low mass production and heavy reliance on few brands
  • Low awareness of inverter technology and its benefits among consumers
  • Small market for inverter technology refrigerators in Europe and the US
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Value added features to justify high cost of inverter refrigerators
  • Inverter refrigerators showcasing green trend
PART 13: Vendor landscape
  • Competitive landscape
  • Competitive assessment of key vendors
  • Hitachi
  • LG Electronics
  • Panasonic
  • Samsung Electronics
  • Other prominent vendors
PART 14: About the Author

List of Exhibits

Exhibit 01: Product offering
Exhibit 02: Inverter fed variable frequency induction motor speed controlled drive
Exhibit 03: Global electricity consumption on household cold appliances (refrigerators and freezers) by region in 2015 (%)
Exhibit 04: Global electricity usage (kwh) per annum by regular household appliances in 2015 (%)
Exhibit 05: Global overall and inverter technology refrigerators market in 2015 ($billion)
Exhibit 06: Global overall and inverter technology refrigerators market in 2020 ($billion)
Exhibit 07: Inverter refrigerator by type of doors, location of freezer, and capacity of refrigerator
Exhibit 08: Five forces analysis
Exhibit 09: Global inverter technology refrigerator market by retail distribution channels 2015
Exhibit 10: Global inverter technology refrigerators market by geography 2015
Exhibit 11: CAGR by geographic segment 2016-2020
Exhibit 12: Inverter technology refrigerators market in APAC 2015-2020 ($ billions)
Exhibit 13: Economic indicators of key leading countries in APAC for inverter technology refrigerators market in 2015:
Exhibit 14: Inverter technology refrigerator market in Europe 2015-2020 ($ billions)
Exhibit 15: Inverter technology refrigerator market in Americas 2015-2020 ($ billions)
Exhibit 16: Inverter technology refrigerator market in MEA 2015-2020 ($ billions)
Exhibit 17: Comparison of different capacity control techniques at half load
Exhibit 18: Means of regulation and consumption of energy
Exhibit 19: Comparison of on/off mechanism with inverter mechanism in terms temperature
Exhibit 20: Product penetration 2015 (% of households)
Exhibit 21: Impact of drivers
Exhibit 22: Impact of drivers and challenges
Exhibit 23: Hitachi: Business segmentation by revenue 2015
Exhibit 24: Hitachi: Geographical segmentation by revenue 2015
Exhibit 25: LG Electronics: Business segmentation by revenue 2015
Exhibit 26: LG Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 27: LG Electronics: Geographical segmentation by revenue 2015
Exhibit 28: Panasonic: Business segmentation by revenue 2016
Exhibit 29: Panasonic: Business segmentation by revenue 2015 and 2016 ($ billions)
Exhibit 30: Panasonic: Geographical segmentation by revenue 2016
Exhibit 31: Samsung Electronics: Business segmentation by revenue 2015
Exhibit 32: Samsung Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 33: Samsung Electronics: Geographical segmentation by revenue 2015
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arçelik
  • Haier
  • Hitachi
  • Midea
  • Panasonic
  • Samsung Electronics
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global Inverter Technology Refrigerators Market 2016-2020

The author of the report recognizes the following companies as the key players in the global inverter technology refrigerators market: Hitachi, LG Electronics, Panasonic, and Samsung Electronics.

Other Prominent Vendors in the market are: Arçelik, Godrej, Haier, Hisense, Midea, Mitsubishi Electric, Robert Bosch, Toshiba, and Whirlpool.

Commenting on the report, an analyst from the research team said: “one of the key trends for market growth will be inverter refrigerators showcasing green trend. Household appliances account for around 35% of the total power consumed in a household. This fact is leading many consumers to purchase new, energy-efficient refrigerators, and other major appliances. Moreover, as refrigerators mostly run 24 hours in a day and almost throughout the year, they consume the highest amount of electricity. Inverter technology has been able to reduce this high energy consumption by avoiding sudden inrush of current, which is typical of convention on-off mechanism refrigerators. Manufacturers are also focusing on eco-friendly refrigerants. The new refrigerants used such as isobutane lower the impact on global warming and has nearly zero potential in causing ozone depletion. Manufacturers are also showcasing green trend through choices of materials used in the refrigerator such as toughened glass over plastic shelves.”

According to the report, one of the key drivers for market growth will be innovative inverter technology creating opportunity for upgrade purchase. Noise-free, energy efficiency and superior performance along with style, sleeker design, and additional range of features such as two door refrigerator with separate frost-free chiller compartment, and sliding shelves, support the market’s growth by increasing upgrade purchases. As refrigerators are an essential and commoditized appliance (globally, an average of 85% households have at least one refrigerator), technology advancement and innovative features and designs, motivate consumers to upgrade their older models with newer ones.

Further, the report states that lack of standardization for interface and core frequency control algorithm will be a major challenge for the market. The adoption of inverter technology in household refrigerators has been low due to insufficient development and integration of components, poor reliability, high capital cost, and failure of demonstration installations that can produce the expected energy savings. Lack of standardization in core frequency control algorithm and lack of interface standardization of control are leading to poor compressor compatibility between different manufacturers. Also, components from different manufacturers cannot replace each other, and this has caused great difficulties for machine manufacturers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

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- Hitachi
- LG Electronics
- Panasonic
- Samsung Electronics
- Arçelik
- Godrej
- Haier
- Hisense
- Midea
- Mitsubishi Electric
- Robert Bosch
- Toshiba
- Whirlpool
Note: Product cover images may vary from those shown
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