Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Internet Refrigerator Market by Type (Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, Others), By Application (Home Appliance, Commercial Appliance, Industry Appliance) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Internet Refrigerator Market by Type (Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, Others), By Application (Home Appliance, Commercial Appliance, Industry Appliance) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158109 3300 Machinery & Equipment 377 248 Pages 4.9 (49)

Market Overview:

The global internet refrigerator 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 energy-efficient and smart refrigerators. In addition, the growing trend of online grocery shopping is also contributing to the growth of this market. The global internet refrigerator market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into top freezer refrigerators, bottom freezer fridges, side-by-side refrigerators, French doors refrigerators, and others. The top freezer refrigerator segment is expected to dominate this market during the forecast period owing to its low price and high efficiency. On the basis of application, this market can be classified into home appliance sector (residential), commercial appliance sector (non-residential), and industrial appliance sector (commercial).

Global Internet Refrigerator Industry Outlook

Product Definition:

An Internet refrigerator is a refrigerator that has been outfitted with special software that allows it to be connected to the internet. This software allows the refrigerator to connect to a web-based application called iRefrigerator, which provides users with information about their food and beverage inventory, as well as recipes and tips for using their food and beverages. The importance of an Internet refrigerator lies in its ability to keep users informed about what they have in their fridge, as well as provide them with ideas for using those items.

Top Freezer Refrigerators:

Top Freezer Refrigerators are high tech, specially designed to fit in the top of a freezers. They have several benefits over conventional bottom freezers; they can be used as an extension to the kitchen if placed next to it or work independently. The most important benefit is that they keep food and beverages cooler for much longer than conventional refrigerators allowing them to store more items at a time.

Bottom Freezer Fridges:

Bottom freezer fridges are used to store food and beverages at the bottom of refrigerators. The term bottom freezer is generally used for French door or side by side refrigerator/freezers. These freezers have a small space in between the doors which can be utilized to store items.

These types of freezers are usually available with an integrated ice maker, water dispenser, and beverage dispenser (for example: Nesco Food Dehydrator).

Application Insights:

The home application segment led the global internet refrigerators market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for advanced technology products with enhanced functionalities that meet the requirements of an upgraded kitchen without compromising on price or quality. Moreover, consumers are inclined towards purchasing such devices as they offer features such as remote monitoring and control, energy-saving technologies, along with premium aesthetics that enhance the value of homes across various regions globally.

Commercial application was estimated as one of the largest segments in 2017 owing to rapid expansion projects by major manufacturers including SM Appliance & System Ltd., Danby Inc., Midea Group Co., Ltd., Electrolux Home Products AB, among others in order to cater to rising demand from commercial foodservice industries across countries worldwide.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing purchasing power, rising population, and changing lifestyles in developing economies including China and India. Moreover, growing demand for small & compact kitchen appliances due to space constraints will drive the market further. Europe is also estimated to witness significant growth over the coming years on account of high product penetration in this region as well as growing popularity of side-by-side refrigerators/freezers among consumers.

North America accounted for more than 25% share in 2017 owing an increase preference for larger refrigerator models along with high adoption rate of advanced technology products within this region will drive its growth further. Furthermore, presence or major manufacturers such as Samsung Corporation; LG Electronics Inc.; Haier Group; Midea Group; and Whirlpool Corp.; will fuel regional product demand over next eight years  (2030).

Growth Factors:

  • Increasing demand for energy-efficient appliances: The global market for energy-efficient appliances is expected to grow at a CAGR of more than 9% from 2016 to 2020. This is primarily due to the increasing awareness about the benefits of using energy-efficient appliances, such as lower electricity bills and reduced environmental impact. Internet refrigerators are among the most energy-efficient types of refrigerators available in the market today, and this is expected to drive their growth in the coming years.
  • Rising disposable income levels: A large number of consumers across emerging markets are now able to afford luxury items such as internet refrigerators, thanks to rising disposable income levels. In addition, rapid urbanization is leading to an increase in the number of affluent consumers who are willing and able to spend on high-end products such as internet refrigerators.
  • Growing demand for smart homes: The global market for smart homes is expected grow at a CAGR of more than 28% from 2016 to 2020. This can be attributed mainlyto two factors – rising consumer awareness aboutthe benefits offsmart home technologiesand declining pricesof related devices/products .Internet refrigeratorsserve as an important part ofthesmart home ecosystem, providing users with real-time informationabout their food stock and helping them save on electricity bills by optimizing cooling settingsaccordingly .Thus, they are likelyto see robustgrowthin demand overthe next few years .
  • .Increasing penetration ratesof broadband

Scope Of The Report

Report Attributes

Report Details

Report Title

Internet Refrigerator Market Research Report

By Type

Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, Others

By Application

Home Appliance, Commercial Appliance, Industry Appliance

By Companies

Samsung, Haier, Midea, Hisense, LG, Siemens, TCL, GE Appliances, Whirlpool, Electrolux

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Internet Refrigerator Market Report Segments:

The global Internet Refrigerator market is segmented on the basis of:


Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, 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.


Home Appliance, Commercial Appliance, Industry Appliance

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:

  1. Samsung
  2. Haier
  3. Midea
  4. Hisense
  5. LG
  6. Siemens
  7. TCL
  8. GE Appliances
  9. Whirlpool
  10. Electrolux

Global Internet Refrigerator Market Overview

Highlights of The Internet Refrigerator Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Top Freezer Refrigerators
    2. Bottom Freezer Fridges
    3. Side-by-Side Refrigerators
    4. French Doors
    5. Others
  1. By Application:

    1. Home Appliance
    2. Commercial Appliance
    3. Industry Appliance
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Internet Refrigerator 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Internet Refrigerator Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

An Internet refrigerator is a computer system that stores and retrieves digital information, such as e-mail, Web pages, or images.

Some of the major players in the internet refrigerator market are Samsung, Haier, Midea, Hisense, LG, Siemens, TCL, GE Appliances, Whirlpool, Electrolux.

The internet refrigerator market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Internet Refrigerator Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Internet Refrigerator Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Internet Refrigerator Market - Supply Chain
   4.5. Global Internet Refrigerator Market Forecast
      4.5.1. Internet Refrigerator Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Internet Refrigerator Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Internet Refrigerator Market Absolute $ Opportunity

5. Global Internet Refrigerator Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Internet Refrigerator Market Size and Volume Forecast by Type
      5.3.1. Top Freezer Refrigerators
      5.3.2. Bottom Freezer Fridges
      5.3.3. Side-by-Side Refrigerators
      5.3.4. French Doors
      5.3.5. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Internet Refrigerator Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Internet Refrigerator Market Size and Volume Forecast by Application
      6.3.1. Home Appliance
      6.3.2. Commercial Appliance
      6.3.3. Industry Appliance
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Internet Refrigerator Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Internet Refrigerator Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Internet Refrigerator Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Internet Refrigerator Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Internet Refrigerator Demand Share Forecast, 2019-2026

9. North America Internet Refrigerator Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Internet Refrigerator Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Internet Refrigerator Market Size and Volume Forecast by Application
      9.4.1. Home Appliance
      9.4.2. Commercial Appliance
      9.4.3. Industry Appliance
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Internet Refrigerator Market Size and Volume Forecast by Type
      9.7.1. Top Freezer Refrigerators
      9.7.2. Bottom Freezer Fridges
      9.7.3. Side-by-Side Refrigerators
      9.7.4. French Doors
      9.7.5. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Internet Refrigerator Demand Share Forecast, 2019-2026

10. Latin America Internet Refrigerator Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Internet Refrigerator Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Internet Refrigerator Market Size and Volume Forecast by Application
      10.4.1. Home Appliance
      10.4.2. Commercial Appliance
      10.4.3. Industry Appliance
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Internet Refrigerator Market Size and Volume Forecast by Type
      10.7.1. Top Freezer Refrigerators
      10.7.2. Bottom Freezer Fridges
      10.7.3. Side-by-Side Refrigerators
      10.7.4. French Doors
      10.7.5. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Internet Refrigerator Demand Share Forecast, 2019-2026

11. Europe Internet Refrigerator Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Internet Refrigerator Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Internet Refrigerator Market Size and Volume Forecast by Application
      11.4.1. Home Appliance
      11.4.2. Commercial Appliance
      11.4.3. Industry Appliance
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Internet Refrigerator Market Size and Volume Forecast by Type
      11.7.1. Top Freezer Refrigerators
      11.7.2. Bottom Freezer Fridges
      11.7.3. Side-by-Side Refrigerators
      11.7.4. French Doors
      11.7.5. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Internet Refrigerator Demand Share, 2019-2026

12. Asia Pacific Internet Refrigerator Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Internet Refrigerator Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Internet Refrigerator Market Size and Volume Forecast by Application
      12.4.1. Home Appliance
      12.4.2. Commercial Appliance
      12.4.3. Industry Appliance
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Internet Refrigerator Market Size and Volume Forecast by Type
      12.7.1. Top Freezer Refrigerators
      12.7.2. Bottom Freezer Fridges
      12.7.3. Side-by-Side Refrigerators
      12.7.4. French Doors
      12.7.5. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Internet Refrigerator Demand Share, 2019-2026

13. Middle East & Africa Internet Refrigerator Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Internet Refrigerator Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Internet Refrigerator Market Size and Volume Forecast by Application
      13.4.1. Home Appliance
      13.4.2. Commercial Appliance
      13.4.3. Industry Appliance
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Internet Refrigerator Market Size and Volume Forecast by Type
      13.7.1. Top Freezer Refrigerators
      13.7.2. Bottom Freezer Fridges
      13.7.3. Side-by-Side Refrigerators
      13.7.4. French Doors
      13.7.5. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Internet Refrigerator Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Internet Refrigerator Market: Market Share Analysis
   14.2. Internet Refrigerator Distributors and Customers
   14.3. Internet Refrigerator Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Samsung Overview Financials Developments Strategic Outlook
      14.4.2. Haier Overview Financials Developments Strategic Outlook
      14.4.3. Midea Overview Financials Developments Strategic Outlook
      14.4.4. Hisense Overview Financials Developments Strategic Outlook
      14.4.5. LG Overview Financials Developments Strategic Outlook
      14.4.6. Siemens Overview Financials Developments Strategic Outlook
      14.4.7. TCL Overview Financials Developments Strategic Outlook
      14.4.8. GE Appliances Overview Financials Developments Strategic Outlook
      14.4.9. Whirlpool Overview Financials Developments Strategic Outlook
      14.4.10. Electrolux Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
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