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Global Refrigerators Market (2022-2027) by Product Type, Refrigerant, Technology, Structure, Volume, Type, Applications, Distribution Channel, and Geography, Competitive Analysis and the Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 197 Pages
  • December 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5709749

Future fridges have the Potential to Grow some Types of Food in Compartments, Contributing to “vertical farming”

The Global Refrigerators Market is estimated to be USD 101.36 Bn in 2022 and is expected to reach USD 146.33 Bn by 2027, growing at a CAGR of 7.62%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Refrigerators Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Refrigerators Market is segmented based on Product Type, Refrigerant, Technology, Structure, Volume, Type, Applications, Distribution Channel, and Geography.
  • By Product Type, the market is classified into Frost and Non-Frost.
  • By Refrigerant, the market is classified into Less than HFC, HCFC, and Others.
  • By Technology, the market is classified into Inverter and Non-Inverter.
  • By Structure, the market is classified into Built-In and Free-Standing.
  • By Volume, the market is classified into Below 50L, 51L-150L, 151L-300L, 301L-500L, 501L-750L, Above 750L.
  • By Type, the market is classified into Top Freezer, Bottom Freezer, Side by Side, and French Door.
  • By Applications, the market is classified into Household and Commercial.
  • By Distribution Channels, the market is classified into Supermarkets, Specialty Stores, and Online.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Carrier Global Corp., Johnson Controls, Inc., Lennox International Inc., Electrolux AB, Koninklijke Philips N.V., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes an Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Refrigerators Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The analyst analyses the Global Refrigerators Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Refrigerators Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 and Impact of Economic Slowdown & Impending Recession on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Refrigerators Market

What is the estimated value of the Global Refrigerators Market?

The Global Refrigerators Market was estimated to be valued at $101.36 Billion in 2022.

What is the growth rate of the Global Refrigerators Market?

The growth rate of the Global Refrigerators Market is 7.6%, with an estimated value of $146.33 Billion by 2027.

What is the forecasted size of the Global Refrigerators Market?

The Global Refrigerators Market is estimated to be worth $146.33 Billion by 2027.

Who are the key companies in the Global Refrigerators Market?

Key companies in the Global Refrigerators Market include AAON Inc., BSH Hausgeräte GmbH, Carrier Global Corp., Danfoss A/S, Electrolux AB, Emerson Electric Co., Godrej Group, Gree Electric Appliances Inc., Haier Group Corp. and Hitachi, Ltd..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Consumption of FMCG Products
4.1.2 Upgrading Cold Storage Infrastructure in Emerging Economies
4.1.3 Growing Demand for Blood and Vaccine Storage
4.1.4 High Demand for Home Appliances through E-Commerce
4.1.5 Urbanization and Improving Living Standards
4.2 Restraints
4.2.1 Stringent Regulations Associated with the Usage of Refrigerants
4.2.2 High Cost of Equipment
4.3 Opportunities
4.3.1 Product Launches with Advance Technologies
4.3.2 Demand for Eco-Friendly and Low-Energy Consuming Refrigerators
4.4 Challenges
4.4.1 High Energy Consumption
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Impact of Economic Slowdown & Impending Recession
5.5 Ansoff Matrix Analysis
6 Global Refrigerators Market, By Product Type
6.1 Introduction
6.2 Frost
6.3 Non-Frost
7 Global Refrigerators Market, By Refrigerant
7.1 Introduction
7.2 HFC
7.3 HCFC
7.4 Others
8 Global Refrigerators Market, By Technology
8.1 Introduction
8.2 Inverter
8.3 Non-Inverter
9 Global Refrigerators Market, By Structure
9.1 Introduction
9.2 Built-In
9.3 Free-Standing
10 Global Refrigerators Market, By Volume
10.1 Introduction
10.2 Below 50L
10.3 51L-150L
10.4 151L-300L
10.5 301L-500L
10.6 501L-750L
10.7 Above 750L
11 Global Refrigerators Market, By Type
11.1 Introduction
11.2 Top Freezer
11.3 Bottom Freezer
11.4 Side by Side
11.5 French Door
12 Global Refrigerators Market, By Application
12.1 Introduction
12.2 Household
12.3 Commercial
13 Global Refrigerators Market, By Distribution Channel
13.1 Introduction
13.2 Supermarkets
13.3 Specialty Stores
13.4 Online
14 Americas' Refrigerators Market
14.1 Introduction
14.2 Argentina
14.3 Brazil
14.4 Canada
14.5 Chile
14.6 Colombia
14.7 Mexico
14.8 Peru
14.9 United States
14.10 Rest of Americas
15 Europe's Refrigerators Market
15.1 Introduction
15.2 Austria
15.3 Belgium
15.4 Denmark
15.5 Finland
15.6 France
15.7 Germany
15.8 Italy
15.9 Netherlands
15.10 Norway
15.11 Poland
15.12 Russia
15.13 Spain
15.14 Sweden
15.15 Switzerland
15.16 United Kingdom
15.17 Rest of Europe
16 Middle East and Africa's Refrigerators Market
16.1 Introduction
16.2 Egypt
16.3 Israel
16.4 Qatar
16.5 Saudi Arabia
16.6 South Africa
16.7 United Arab Emirates
16.8 Rest of MEA
17 APAC's Refrigerators Market
17.1 Introduction
17.2 Australia
17.3 Bangladesh
17.4 China
17.5 India
17.6 Indonesia
17.7 Japan
17.8 Malaysia
17.9 Philippines
17.10 Singapore
17.11 South Korea
17.12 Sri Lanka
17.13 Thailand
17.14 Taiwan
17.15 Rest of Asia-Pacific
18 Competitive Landscape
18.1 Competitive Quadrant
18.2 Market Share Analysis
18.3 Strategic Initiatives
18.3.1 M&A and Investments
18.3.2 Partnerships and Collaborations
18.3.3 Product Developments and Improvements
19 Company Profiles
19.1 AAON Inc.
19.2 BSH Hausgeräte GmbH
19.3 Carrier Global Corp.
19.4 Danfoss A/S
19.5 Electrolux AB
19.6 Emerson Electric Co.
19.7 Godrej Group
19.8 Gree Electric Appliances Inc.
19.9 Haier Group Corp.
19.10 Hitachi, Ltd.
19.11 Johnson Controls, Inc.
19.12 Koninklijke Philips N.V.
19.13 Lennox International Inc.
19.14 LG Electronics
19.15 Liebherr-Hausgeräte GmbH
19.16 Mitsubishi Electric Corp.
19.17 Panasonic Corp.
19.18 Sharp Corp.
19.19 Trane
19.20 Whirlpool Corp.
20 Appendix
20.1 Questionnaire

Companies Mentioned

  • AAON Inc.
  • BSH Hausgeräte GmbH
  • Carrier Global Corp.
  • Danfoss A/S
  • Electrolux AB
  • Emerson Electric Co.
  • Godrej Group
  • Gree Electric Appliances Inc.
  • Haier Group Corp.
  • Hitachi, Ltd.
  • Johnson Controls, Inc.
  • Koninklijke Philips N.V.
  • Lennox International Inc.
  • LG Electronics
  • Liebherr-Hausgeräte GmbH
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Sharp Corp.
  • Trane
  • Whirlpool Corp.