Bharat Book Bureau Provides the Trending Market Research Report on “Smart Refrigerator Global Market Report 2020-30”under Consumer Goods Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Smart Refrigerators Global Market Report 2020: Covid 19 Growth And Change from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global smart refrigerators market.
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This report focuses on smart refrigerators market which is experiencing strong growth. The report gives a guide to the smart refrigerators market which will be shaping and changing our lives over the next ten years and beyond, including the market’s response to the challenge of the global pandemic.
Reasons to Purchase• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:Where is the largest and fastest growing market for the smart refrigerators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Refrigerators global market report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart refrigerators market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the Covid 19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The smart refrigerators market section of the report gives context. It compares the smart refrigerators market with other segments of the smart refrigerators market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart refrigerators indicators comparison.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the Covid 19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The smart refrigerators market section of the report gives context. It compares the smart refrigerators market with other segments of the smart refrigerators market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart refrigerators indicators comparison.
Scope
Markets Covered:
1) By Product: Top Freezer Refrigerator; Bottom Freezer Fridge; Side-Sy-Side Refrigerator; French Door Refrigerator
2) By Technology: Wi-Fi; Radio Frequency Identification (RFID); Cellular Technology; Bluetooth; ZigBee; Touchscreen
Markets Covered:
1) By Product: Top Freezer Refrigerator; Bottom Freezer Fridge; Side-Sy-Side Refrigerator; French Door Refrigerator
2) By Technology: Wi-Fi; Radio Frequency Identification (RFID); Cellular Technology; Bluetooth; ZigBee; Touchscreen
Companies Mentioned: Haier; Samsung Electronics; LG Electronics Inc.; Panasonic Corporation; Whirlpool
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the smart refrigerators market are Haier, Samsung Electronics, LG Electronics Inc., Panasonic Corporation, Whirlpool, Siemens AG, Midea Group, Hisense Co. Ltd., Electrolux, and GE Appliances.
The global smart refrigerators market is expected decline from $2.71 billion in 2019 and to $2.65 billion in 2020 at a compound annual growth rate (CAGR) of -2.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $3.87 billion in 2023 at CAGR of 13.5%.
The smart refrigerators market consists of sales of smart refrigerators and related services that are used in residential and commercial sectors. A smart refrigerator is a programmed high-tech refrigerator that can identify the type of products stored therein and keep track of important information such as expiry and usage. Such refrigerators operate on a barcode or RFID network whereby the batch is collected and information are generated directly from the Internet.
North America was the largest region in the smart refrigerators market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.
The IoT-enabled family hub refrigerator is a key trend in smart refrigerator market. The new Family Hub refrigerator provides features such as testing from anywhere what’s inside the refrigerator, leaving messages on the White Board, seeing who’s at the front door via a connected doorbell, adjusting the thermostat, watching CCTV video, suggestions for recipes, shopping recommendations, etc. Samsung launched its latest Family Hub refrigerator at CES 2018. These new smart fridges are launched with stronger Bixby connectivity and assistance for the SmartThings IoT ecosystem of Samsung.
The smart refrigerators market covered in this report is segmented by product into top freezer refrigerator, bottom freezer fridge, side-by-side refrigerator, French door refrigerator and by technology into wi-fi, radio frequency identification (RFID), cellular technology, Bluetooth, zigbee, touchscreen.
Smart refrigerators are generally more expensive than ordinary refrigerators. Although, smart refrigerators have high-tech features and can be controlled via smartphones, the high cost is hindering its growth. Additionally, the high repair cost is a key factor hampering the growth of the smart refrigerator market. Consumers might have to invest more on specific parts that are difficult to locate, and there might also be shortage of parts for some models in some cases. This results in using second-hand parts. Popular issues include a non-running refrigerator, or having a freezer portion that does not remain cold.
The cost to fix these problems ranges between $140 and $200 nationally. The more recent issue with smart refrigerators is hacking. Smart refrigerators are not build with security and can’t be protected by antivirus software. Using devices that incorporates hardware, cloud and software designed to safeguard the appliance is an additional expense. Therefore, the high cost with smart refrigerators is expected to limit the growth of the smart refrigerator market.
In November 2018, Daikin Industries, Ltd., Japanese manufacturer of commercial air conditioning and refrigeration units acquired AHT Group for 881 million euros. With this acquisition, Daikin adds AHT’s own wide range of products, services and solutions focused on its air-conditioning and cooling equipment, this will allow the company to become a one-stop provider providing full air conditioning and refrigeration products coordination. AHT Group, a leading company in the commercial refrigeration market in Europe.
The rise in adoption of smart cities and smart infrastructures is a key factor driving the growth of the smart refrigerator market. The Internet of Things (IoT) market has been growing, with smart home devices and appliances, home is getting smarter with new devices that are available with internet connectivity.
Smart home devices such as Google Nest, Ring and smart fridges have held users aware of the Internet of Things (IoT) trend, which relates to the connectivity of everyday items over the Internet. The global number of IoT-connected devices is projected to nearly triple from the 2018 estimates, reaching 43 billion by 2023, according to McKinsey & Co. Therefore, companies are investing more in IoT due growing interest in the smart home and this factor is driving the market for smart refrigerators.
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Email: poonam@bharatbook.com
Website: www.bharatbook.com
