Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Refrigerators Market by Type (Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, Others), By Application (Residential, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Refrigerators Market by Type (Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, Others), By Application (Residential, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155780 3300 Machinery & Equipment 377 238 Pages 4.7 (38)

Market Overview:

Refrigerators are one of the most commonly used appliances in both residential and commercial settings. The global refrigerators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient refrigerators, rising disposable income, and growing urbanization. The global refrigerator market can be segmented by type, application, and region. By type, the market can be divided into single door refrigerators, double-door refrigerators, three-door refrigerators, and others. Single door refrigerators are the most popular type of refrigerator due to their low price point and small size. They are mainly used in residential applications. Double-door refrigerators are larger than single door models and are more popular in commercial settings such as restaurants and hotels. Three-door models offer more storage space than double door units and are becoming increasingly popular in both residential and commercial applications. By application, the refrigerator market can be segmented into residential and commercial segments. Residential applications include homes, apartments,, dormitories etc., while Commercial applications include restaurants,, hospitals etc,. Geographically,,the global refrigerator market is segmented into North America,, Latin America,, Europe,,,, Asia Pacific,,,,and Middle East & Africa,. In terms of revenue,.

Global Refrigerators Industry Outlook

Product Definition:

A refrigerator is a household appliance that maintains a low temperature by using compressor-powered vapor refrigeration. The compressor pumps refrigerant around the unit, cooling the gas and condensing it into liquid. This liquid is then circulated through coils in the freezer and fridge compartments, extracting heat from food stored inside and reducing its temperature below that of the surrounding air.

Single Door Refrigerators:

Single door refrigerators are smaller in size as compared to double door and triple door refrigerator. They have one main compartment with a separate shelf inside the refrigerator. These types of refrigerators are mostly used for storing food products such as vegetables, fruits, dairy items and eggs which require low temperature range for their durability.

Increasing demand for single door refrigerators is attributed to its benefits such as compact design that saves space.

Double-door Refrigerators:

Double door refrigerators are the ones having two doors on the right and left side of the refrigerator. These types of refrigerators can be used for storing fresh food as well as frozen products simultaneously. The advantage associated with this type is that both doors can be opened at once, which gives an opportunity to carry more load at one time.

These types of refrigerators are available in different sizes and have various features incorporated in them depending upon consumer requirements.

Application Insights:

The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of hypermarkets, supermarkets and retail stores across the globe. In addition, growing penetration of these appliances in hotels and restaurants is expected to drive demand for domestic refrigerators as well as foreign brands over the forecast period.

The residential application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to rising purchasing power among consumers globally who are increasingly opting for energy-efficient products with lower operational costs coupled with improved aesthetics at home or at work places respectively.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product penetration and rising demand for small & medium-sized refrigerators. Moreover, rapid urbanization in developing countries such as India, China, Indonesia, Malaysia has been fueling the demand for household appliances including refrigerators.

North America is projected to witness significant growth over the forecast period owing to increased spending on home renovations by consumers across U.S., Canada & Mexico.

Europe was valued at USD X billion in 2017.

Growth Factors:

  • Rising disposable income of consumers in developing countries is expected to drive the demand for refrigerators over the forecast period.
  • Increasing urbanization and growing number of nuclear families are also anticipated to boost the market growth.
  • Technological advancements such as introduction of smart refrigerators with internet connectivity and other features are projected to fuel the demand for these appliances in near future.
  • Growing awareness about energy efficiency among consumers is likely to propel the sales of eco-friendly refrigerators in coming years
  • Proliferation of supermarkets and hypermarkets, which offer a wide variety of cold food items, is anticipated to create new opportunities for refrigerator manufacturers

Scope Of The Report

Report Attributes

Report Details

Report Title

Refrigerators Market Research Report

By Type

Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, Others

By Application

Residential, Commercial

By Companies

Haier, LG Electronics, Samsung Electronics, Whirlpool, Siemens, Midea, Electrolux, Roshen, Robert Bosch, BSH, Pansonic, Sharp, Arcelik, Hisense, Meiling, Xinfei, TCL, Godrej, Hitachi, Miele, Mitsubishi Electric, Toshiba

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 Refrigerators Market Report Segments:

The global Refrigerators market is segmented on the basis of:


Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, 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.


Residential, Commercial

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. Haier
  2. LG Electronics
  3. Samsung Electronics
  4. Whirlpool
  5. Siemens
  6. Midea
  7. Electrolux
  8. Roshen
  9. Robert Bosch
  10. BSH
  11. Pansonic
  12. Sharp
  13. Arcelik
  14. Hisense
  15. Meiling
  16. Xinfei
  17. TCL
  18. Godrej
  19. Hitachi
  20. Miele
  21. Mitsubishi Electric
  22. Toshiba

Global Refrigerators Market Overview

Highlights of The Refrigerators 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. Single Door Refrigerators
    2. Double-door Refrigerators
    3. Three-door Refrigerators
    4. Others
  1. By Application:

    1. Residential
    2. Commercial
  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 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.

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 Refrigerators 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?

Refrigerators are a type of appliance that helps to keep food cold.

Some of the major players in the refrigerators market are Haier, LG Electronics, Samsung Electronics, Whirlpool, Siemens, Midea, Electrolux, Roshen, Robert Bosch, BSH, Pansonic, Sharp, Arcelik, Hisense, Meiling, Xinfei, TCL, Godrej, Hitachi, Miele, Mitsubishi Electric, Toshiba.

The refrigerators market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Refrigerators 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. Refrigerators Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Refrigerators Market - Supply Chain
   4.5. Global Refrigerators Market Forecast
      4.5.1. Refrigerators Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Refrigerators Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Refrigerators Market Absolute $ Opportunity

5. Global Refrigerators 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. Refrigerators Market Size and Volume Forecast by Type
      5.3.1. Single Door Refrigerators
      5.3.2. Double-door Refrigerators
      5.3.3. Three-door Refrigerators
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Refrigerators 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. Refrigerators Market Size and Volume Forecast by Application
      6.3.1. Residential
      6.3.2. Commercial
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Refrigerators 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. Refrigerators 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 Refrigerators 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. Refrigerators 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 Refrigerators Demand Share Forecast, 2019-2026

9. North America Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
      9.4.1. Residential
      9.4.2. Commercial
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Refrigerators Market Size and Volume Forecast by Type
      9.7.1. Single Door Refrigerators
      9.7.2. Double-door Refrigerators
      9.7.3. Three-door Refrigerators
      9.7.4. 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 Refrigerators Demand Share Forecast, 2019-2026

10. Latin America Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
      10.4.1. Residential
      10.4.2. Commercial
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Refrigerators Market Size and Volume Forecast by Type
      10.7.1. Single Door Refrigerators
      10.7.2. Double-door Refrigerators
      10.7.3. Three-door Refrigerators
      10.7.4. 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 Refrigerators Demand Share Forecast, 2019-2026

11. Europe Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
      11.4.1. Residential
      11.4.2. Commercial
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Refrigerators Market Size and Volume Forecast by Type
      11.7.1. Single Door Refrigerators
      11.7.2. Double-door Refrigerators
      11.7.3. Three-door Refrigerators
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth rojections 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 Refrigerators Demand Share, 2019-2026

12. Asia Pacific Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
      12.4.1. Residential
      12.4.2. Commercial
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Refrigerators Market Size and Volume Forecast by Type
      12.7.1. Single Door Refrigerators
      12.7.2. Double-door Refrigerators
      12.7.3. Three-door Refrigerators
      12.7.4. 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 Refrigerators Demand Share, 2019-2026

13. Middle East & Africa Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
      13.4.1. Residential
      13.4.2. Commercial
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Refrigerators Market Size and Volume Forecast by Type
      13.7.1. Single Door Refrigerators
      13.7.2. Double-door Refrigerators
      13.7.3. Three-door Refrigerators
      13.7.4. 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 Refrigerators Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Refrigerators Market: Market Share Analysis
   14.2. Refrigerators Distributors and Customers
   14.3. Refrigerators Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Haier Overview Financials Developments Strategic Outlook
      14.4.2. LG Electronics Overview Financials Developments Strategic Outlook
      14.4.3. Samsung Electronics Overview Financials Developments Strategic Outlook
      14.4.4. Whirlpool Overview Financials Developments Strategic Outlook
      14.4.5. Siemens Overview Financials Developments Strategic Outlook
      14.4.6. Midea Overview Financials Developments Strategic Outlook
      14.4.7. Electrolux Overview Financials Developments Strategic Outlook
      14.4.8. Roshen Overview Financials Developments Strategic Outlook
      14.4.9. Robert Bosch Overview Financials Developments Strategic Outlook
      14.4.10. BSH Overview Financials Developments Strategic Outlook
      14.4.11. Pansonic Overview Financials Developments Strategic Outlook
      14.4.12. Sharp Overview Financials Developments Strategic Outlook
      14.4.13. Arcelik Overview Financials Developments Strategic Outlook
      14.4.14. Hisense Overview Financials Developments Strategic Outlook
      14.4.15. Meiling Overview Financials Developments Strategic Outlook
      14.4.16. Xinfei Overview Financials Developments Strategic Outlook
      14.4.17. TCL Overview Financials Developments Strategic Outlook
      14.4.18. Godrej Overview Financials Developments Strategic Outlook
      14.4.19. Hitachi Overview Financials Developments Strategic Outlook
      14.4.20. Miele Overview Financials Developments Strategic Outlook

Our Trusted Clients

Contact Us