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).
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
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:
Types
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.
Applications
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:
- Samsung
- Haier
- Midea
- Hisense
- LG
- Siemens
- TCL
- GE Appliances
- Whirlpool
- Electrolux
Highlights of The Internet Refrigerator 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:
- Top Freezer Refrigerators
- Bottom Freezer Fridges
- Side-by-Side Refrigerators
- French Doors
- Others
- By Application:
- Home Appliance
- Commercial Appliance
- Industry Appliance
- 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 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
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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Haier
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Midea
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hisense
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TCL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE Appliances
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Whirlpool
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Electrolux
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
