Smart Refrigerator Market Analysis, Scope, Future Trends and Opportunities During 2018-2024

According to a recent report published by Fast.MR, titled, Smart Refrigerator Market 2018: Market Size, Market Volume, Trends, Opportunity, Forecast 2018-2024, “the global Smart Refrigerator market accounted for USD XX Million in 2018 and is estimated to reach USD XX Million by 2024. Moreover, it is anticipated to flourish at a CAGR of XX% during the forecast period i.e. 2019-2024.

A smart refrigerator is a device which is connected to the cloud. These refrigerators are programmed to sense what kind of products are being stored inside. Depending on the configuration, it allows the usage of smartphones to monitor & control the refrigerator. Apart from this, it also allows to send & receive notes and calendar entries, that appears on the refrigerator screen. The global smart refrigerator market is anticipated to flourish at a CAGR of 15.8% over the forecast period i.e. 2019-2024.

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Market Insights

Growth Drivers – Smart Refrigerator Market

Rising Popularity of Smart Home Appliances

The smart home technologies are making significant penetration into various geographies all over the world. The smart tech lovers across the globe are installing multiple smart technologies into their homes. Further, factors such as growing awareness about benefits of smart technologies coupled with rising willingness of consumers to spend money on smart devices is paving the way for the growth of the smart refrigerators market.

Increasing Technological Advancements

The manufacturers are improving their smart refrigerators compatibility, so that they can meet consumer’s requirements. Also, the manufacturers are focusing to make their products more user friendly and are adding new features such as energy efficient, counter-depth design and other features. For instance, Samsung announced the launch of its new SpaceMax Series Side-by-Side refrigerator. This product lineup comes with unique features & advanced technology and is expected to capture good position in the market.

Segmentation Analysis

The smart refrigerator product type market is segmented into top freezer refrigerator, bottom freezer refrigerator, french door refrigerator, side-by-side refrigerator, counter-depth refrigerator and others. In this segment, side-by-side refrigerator segment is anticipated to capture the largest market share in 2024.

Further, the smart refrigerator end user segment is segmented into residential and commercial, out of which, residential segment is esimated to reach at a notable market share in the upcoming years. Also, the smart refrigerator market is segmented on the basis of price range into, premium, economy and low.

Based on distribution channel, the smart refrigerator market is further sub segmented into online stores and offline stores. Online stores segment is expected to expand at a notable compound annual growth rate (CAGR) over the forecast period.

Geographical Analysis

Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In the smart refrigerator market, Asia Pacific captured a large market share in 2018. Asia Pacific smart refrigerator market is anticipated to showcase lucrative growth during the forecast period. The rising popularity of advanced high-tech appliances are believed to impetus the growth of Asia Pacific smart refrigerator market.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of global smart refrigerator market, such as Samsung Electronics Co. Ltd., LG Electronics, Whirlpool Corporation, GE Appliance, Siemens AG, Electrolux AB, Haier Group Corporation, Liebherr Group, Midea Group, Hisense Group and other major & niche players. The smart refrigerator market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe. For instance, in April 2019, Samsung Electronics Co. Ltd. announced the launch of New SpaceMax Series Side-by-Side Refrigerator. This product launch helped the company to strengthen its presence in the smart refrigerator market.

Segmentation

By Product Type:
- Top Freezer Refrigerator
- Bottom Freezer Refrigerator
- French Door Refrigerator
- Side-by-Side Refrigerator
- Counter-Depth Refrigerator
- Others

By End User:
- Residential
- Commercial

By Price Range:
- Premium
- Economy
- Low

By Distribution Channel:
- Online Stores
- Offline Stores

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as
- Samsung Electronics Co. Ltd.
- LG Electronics
- Whirlpool Corporation
- GE Appliance
- Siemens AG
- Electrolux AB
- Haier Group Corporation
- Liebherr Group
- Midea Group
- Hisense Group
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

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Table Of Content:

1. Preface
1.1. Research Methodology
1.2. Geographic Scope
1.3. Years Considered

2. Executive Summary

3. Market Overview
3.1. Smart Refrigerator Overview
3.2. Market Definition & Key Market Segments
3.3. Industry Development
3.4. Global Market Maturity
3.4.1. North America
3.4.2. Europe
3.4.3. Asia Pacific
3.4.4. Latin America
3.4.5. Middle East & Africa
3.5. Porter’s Five Force Analysis
3.6. Industry Value Chain Analysis
3.7. Macro-Economic Trends

4. Competitive Landscape
4.1. Global Smart Refrigerator Market 2018
4.2. Global Smart Refrigerator Market Value Share, By Company 2018

5. Growth Drivers & Barriers in Global Smart Refrigerator Market
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Rest of World

6. Trends in Global Smart Refrigerator Market
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of World

7. Global Smart Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

8. Global Smart Refrigerator Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Strategic Insights
8.2.1. BPS Analysis, By Product Type
8.2.2. Market Attractiveness, By Product Type
8.3. Top Freezer Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.4. Bottom Freezer Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.5. French Door Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.6. Side-by-Side Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.7. Counter-Depth Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

9. Global Smart Refrigerator Market Segmentation Analysis, By End User
9.1. Introduction
9.2. Strategic Insights
9.2.1. BPS Analysis, By End User
9.2.2. Market Attractiveness, By End User
9.3. Residential Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.4. Commercial Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

10. Global Smart Refrigerator Market Segmentation Analysis, By Price Range
10.1. Introduction
10.2. Strategic Insights
10.2.1. BPS Analysis, By Price Range
10.2.2. Market Attractiveness, By Price Range
10.3. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.4. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Low Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11. Global Smart Refrigerator Market Segmentation Analysis, By Distribution Channel
11.1. Introduction
11.2. Strategic Insights
11.2.1. BPS Analysis, By Distribution Channel
11.2.2. Market Attractiveness, By Distribution Channel
11.3. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

12. Geographical Analysis
12.1. Introduction
12.2. North America Smart Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1. By Product Type
12.2.1.1. Introduction
12.2.1.2. Strategic Insights
12.2.1.2.1. BPS Analysis, By Product Type
12.2.1.2.2. Market Attractiveness, By Product Type
12.2.1.3. Top Freezer Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1.4. Bottom Freezer Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1.5. French Door Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1.6. Side-by-Side Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1.7. Counter-Depth Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.2. By End User
12.2.2.1. Introduction
12.2.2.2. Strategic Insights
12.2.2.2.1. BPS Analysis, By End User
12.2.2.2.2. Market Attractiveness, By End User
12.2.2.3. Residential Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.2.4. Commercial Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.3. By Price Range
12.2.3.1. Introduction
12.2.3.2. Strategic Insights
12.2.3.2.1. BPS Analysis, By Price Range
12.2.3.2.2. Market Attractiveness, By Price Range
12.2.3.3. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.3.4. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.3.5. Low Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.4. By Distribution Channel
12.2.4.1. Introduction
12.2.4.2. Strategic Insights
12.2.4.2.1. BPS Analysis, By Distribution Channel
12.2.4.2.2. Market Attractiveness, By Distribution Channel
12.2.4.3. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.4.4. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.5. By Country
12.2.5.1. Introduction
12.2.5.2. Strategic Insights
12.2.5.2.1. BPS Analysis, By Country
12.2.5.2.2. Market Attractiveness, By Country
12.2.5.3. U.S. Smart Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
12.2.5.4. Canada Smart Refrigerator Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

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