ENERGY STAR ratings, energy efficiency programs, and government rebates are encouraging upgrade purchases of refrigerators. Although consumers are replacing their single-door conventional refrigerators and buying the latest multiple-featured refrigerators, they still maintain their distinct threshold for how much they are willing to spend. However, manufacturers and retailers continue to communicate the potential monetary savings from the purchase of more advanced and more energyefficient models.Considering the market environment for more energy-efficient refrigerators, players have been deploying inverter technologies to reduce high energy consumption by avoiding sudden inrush of current, which is typical in the conventional on-off mechanism refrigerators.Technological innovations in terms of energy efficiency are done by innovating compressors, motors, and insulation. However, for premium refrigerators (like smart connected refrigerators), additional focus is being given on design and features.Players are focusing on eco-friendly refrigerants, such as isobutane refrigerant, that lower the impact on global warming and have nearly zero potential to cause ozone depletion. Manufacturers are also showcasing green trends through the materials used in the refrigerator, such as toughened glass over plastic shelves. Technologies like convertible refrigerators and cooling even during power cuts are gaining traction among consumers as these novel technologies provide added convenience to the consumers.

PART 01: Executive summary 6

Highlights 6

PART 02: Scope of the report 8

Market overview 8

Top-vendor offerings 9

PART 03: Market research methodology 11

Research methodology 11

Economic indicators 11

PART 04: Introduction 12

Key market highlights 12

PART 05: Market landscape 13

Market overview 13

Market size and forecast 17

Five forces analysis 25

PART 06: Market segmentation by freezer location 26

Freezer-on-top refrigerators 26

Freezer-on-bottom refrigerators 26

Freezer-less and others 26

PART 07: Market segmentation by door type 28

Single-door refrigerator 28

Double-door refrigerator 28

French door refrigerator 28

Others 28

PART 08: Market segmentation by distribution channel 30

PART 09: Geographical segmentation 32

North America 32

Europe 32

APAC 33

MEA 34

PART 10: Key leading countries 36

US 36

Germany 37

Japan 38

China 38

Russia 38

PART 11: Market drivers 40

Warmer/hotter weather conditions and need for food

preservation 40

Use of eco-friendly and energy-efficient technologies in

refrigerators 40

Inclination toward more sophisticated and advanced

models 42

PART 12: Impact of drivers 43

PART 13: Market challenges 44

Requirement of high innovation and R&D investments 44

Low replacement need due to high average lifespan 44

Continuous demand for support and services 44

High cost of technologically advanced refrigerators 45

PART 14: Impact of drivers and challenges 46

PART 15: Market trends 47

Trend for smart and technologically advanced

refrigerators 47

Retro designs and color-rich patterns 48

Growing use of glass door refrigerator at home 48

PART 16: Vendor landscape 50

Competitive landscape 50

PART 17: Key vendor analysis 54

Electrolux 54

Haier 56

LG Electronics 58

Samsung Electronics 60

Whirlpool 62

Other prominent vendors 65

PART 18: Appendix 68

List of abbreviations 68

PART 19: Explore Technavio 69