Market Overview:
The global undercounter refrigerators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for undercounter refrigerators from hospitals, ambulatory surgical centers, and pharmaceutical companies. In addition, the growing demand for energy-efficient appliances is also contributing to the growth of this market. The global undercounter refrigerators market can be segmented on the basis of type into side-by-side refrigerator, bottom freezer refrigerator, and others. The side-by-side refrigerator segment is expected to dominate the global undercounter refrigerators market during the forecast period owing to its high efficiency and low power consumption.
Product Definition:
An undercounter refrigerator is a small refrigerator that is designed to be placed underneath a counter or cabinet. These refrigerators are typically used in residential kitchens, but they can also be used in other areas such as bars and restaurants. Undercounter refrigerators are important because they provide a convenient way to store food and drinks without taking up too much space. They are also typically less expensive than traditional full-size refrigerators.
Side-by-Side Refrigerator:
A side-by-side refrigerator, also known as a double door or French door refrigerator, offers more food storage space in a smaller footprint than the traditional top-mounted model. The design is characterized by two doors that are hinged at the right and left hand sides of the unit respectively. This provides easier access to stored products without having to open both doors.
The trend towards smaller living spaces has been driving demand for such refrigerators with higher efficiency ratings.
Bottom Freezer Refrigerator:
Bottom freezer refrigerator is a low-end, high volume sales leader in the undercounter refrigerators industry. It has been around for decades and was initially designed as an addition to the freezers at retail stores. However, it has since evolved into a more versatile design that can be used in standalone freezers or side by side with beverage coolers.
The bottom freezer model typically offers 50% more capacity than top Freezer Refrigerator.
Application Insights:
The others application segment includes retail stores, food & beverage processing plants, and industrial applications. The undercounter refrigerators are widely used in the food and beverage industry as they offer a compact size that can be installed in limited space available at the back of the store or kitchen. Moreover, these devices help maintain product quality by preventing freezer burn and maintaining frozen products at their peak condition for a longer period of time. These factors are likely to drive demand from other applications including retail stores, food & berry processing plants, and industrial over the forecast period.
The pharmaceutical companies application segment accounted for more than 15% share of global revenue in 2017 on account of high demand from hospitals due to its ability to maintain temperature range required for storage medicines throughout its lifespan without any damage caused to them due to microbial growth or oxidation process which can occur when stored at room temperature over 37°C (98°F).
Regional Analysis:
North America dominated the global undercounter refrigerators market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing demand for advanced healthcare solutions, rising geriatric population, and high purchasing power of consumers in this region. Moreover, presence of key manufacturers such as Haier Group, Inc.; LG Electronics Inc.; and Whirlpool Corporation will also drive growth during the forecast period.
Europe was another major revenue contributor followed by North America on account of growing demand for side-by-side undercounter refrigerators particularly among small & medium size hotels.
Growth Factors:
- Increasing demand for fresh and healthy food: The global population is growing at a rapid pace and with it the demand for fresh, healthy, and nutritious food. This is driving the growth of the undercounter refrigerators market as these appliances offer an efficient way to store perishables.
- Rising disposable income: A rise in disposable income leads to an increase in consumer spending on luxury items such as undercounter refrigerators. This is fuelling the growth of this market worldwide.
- Urbanization: As more people move to cities, there is a corresponding increase in demand for small-sized appliances that can help save space in limited urban living spaces. Undercounter refrigerators fit this need perfectly and are thus seeing increasing adoption rates globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Undercounter Refrigerators Market Research Report
By Type
Side-by-Side Refrigerator, Bottom Freezer Refrigerator, Others
By Application
Hospitals, Ambulatory Surgical Centers, Pharmaceutical Companies, Others
By Companies
Panasonic Healthcare, Thermo Fisher Scientific, Eppendorf, Biomedical Solutions, Terumo Corporation, EVERMED srl., ARCTIKO, VWR International, Haier Biomedical, Philipp Kirsch, Helmer Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Undercounter Refrigerators Market Report Segments:
The global Undercounter Refrigerators market is segmented on the basis of:
Types
Side-by-Side Refrigerator, Bottom Freezer Refrigerator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Pharmaceutical Companies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic Healthcare
- Thermo Fisher Scientific
- Eppendorf
- Biomedical Solutions
- Terumo Corporation
- EVERMED srl.
- ARCTIKO
- VWR International
- Haier Biomedical
- Philipp Kirsch
- Helmer Scientific
Highlights of The Undercounter Refrigerators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Side-by-Side Refrigerator
- Bottom Freezer Refrigerator
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Pharmaceutical Companies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Undercounter Refrigerators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Undercounter refrigerators are a type of small refrigerator that is typically installed in the kitchen or bathroom. They are smaller and less expensive than traditional refrigerators, and they often have fewer features.
Some of the major companies in the undercounter refrigerators market are Panasonic Healthcare, Thermo Fisher Scientific, Eppendorf, Biomedical Solutions, Terumo Corporation, EVERMED srl., ARCTIKO, VWR International, Haier Biomedical, Philipp Kirsch, Helmer Scientific.
The undercounter refrigerators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Undercounter Refrigerators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Undercounter Refrigerators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Undercounter Refrigerators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Undercounter Refrigerators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Undercounter Refrigerators Market Size & Forecast, 2020-2028
4.5.1 Undercounter Refrigerators Market Size and Y-o-Y Growth
4.5.2 Undercounter Refrigerators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Side-by-Side Refrigerator
5.2.2 Bottom Freezer Refrigerator
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Pharmaceutical Companies
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Undercounter Refrigerators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Undercounter Refrigerators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Side-by-Side Refrigerator
9.6.2 Bottom Freezer Refrigerator
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Pharmaceutical Companies
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Side-by-Side Refrigerator
10.6.2 Bottom Freezer Refrigerator
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Pharmaceutical Companies
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Side-by-Side Refrigerator
11.6.2 Bottom Freezer Refrigerator
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Pharmaceutical Companies
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Side-by-Side Refrigerator
12.6.2 Bottom Freezer Refrigerator
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Pharmaceutical Companies
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Side-by-Side Refrigerator
13.6.2 Bottom Freezer Refrigerator
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Pharmaceutical Companies
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Undercounter Refrigerators Market: Competitive Dashboard
14.2 Global Undercounter Refrigerators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic Healthcare
14.3.2 Thermo Fisher Scientific
14.3.3 Eppendorf
14.3.4 Biomedical Solutions
14.3.5 Terumo Corporation
14.3.6 EVERMED srl.
14.3.7 ARCTIKO
14.3.8 VWR International
14.3.9 Haier Biomedical
14.3.10 Philipp Kirsch
14.3.11 Helmer Scientific
