- In May 2024, SAMSUNG unveiled its latest refrigerators featuring AI energy-saving technology and AOD technology, which bring enhanced efficiency and innovative display capabilities to the home appliance market. This move demonstrates Samsung's dedication to integrating advanced technologies, ensuring smarter energy use and an improved user experience, making daily operations more efficient and environmentally friendly for consumers while elevating the functionality of modern kitchens
- In September 2022, LG Electronics introduced the MoodUP refrigerator, which comes with a unique feature of color-changing LED door panels. The refrigerator allows users to choose from 22 colors for the upper panels and 19 colors for the lower ones, offering a customizable, visually striking appliance. In Addition, it includes integrated speakers for music, blending innovative design with functionality for an enriched kitchen experience
- In September 2022, Liebherr launched the Liebherrparts store to enhance customer service by providing a seamless online experience. This user-friendly platform offers easy access to OEM parts, manuals, and accessories, ensuring quick, reliable support for Liebherr appliance owners. The website’s intuitive design and real-time information make it easier for customers and partners to find necessary components and enhance the overall service experience, reinforcing Liebherr’s commitment to customer satisfaction
- In May 2022, Whirlpool Corporation opened its new marketing office, ‘WoW Studios,’ in North America, designed to showcase the company’s broad portfolio of home appliance brands, including JennAir, KitchenAid, and Maytag. The office aims to display innovative designs and products while offering a space for brand experiences, consumer engagement, and partnerships. The move reflects Whirlpool's commitment to staying at the forefront of innovation and customer relationships in the home appliance sector
- In May 2021, Electrolux AB selected seven partners to showcase their product portfolios, including refrigerators, in an innovation program aimed at enhancing home appliance technologies. This collaboration demonstrates Electrolux's commitment to innovation and its focus on delivering cutting-edge solutions to the market. By working with selected partners, Electrolux seeks to further elevate the functionality, energy efficiency, and consumer experience in modern home appliances
- In March 2021, Samsung introduced the 4-Door Flex Series refrigerators, equipped with Family Hub technology, stainless steel design, and smart automated features. These refrigerators integrate advanced functionality, such as smart apps and personalized content, offering seamless connectivity with family members. Samsung’s innovation in this range allows for more organized storage, customized temperature settings, and a user-friendly interface, reflecting the brand's commitment to enhancing the modern kitchen with technological advancements
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Top Freezer Refrigerator, French Door Refrigerator, Bottom Freezer Refrigerator, Side-By-Side Refrigerator, Counter-Depth Refrigerator, and Mini Fridge), Cooling Technology (Compressor Refrigerators, Solar Refrigerators, Acoustic Refrigerators, Magnetic Refrigerators, and Others), Deployment Type (Free-Standing Refrigerators and Built Into Kitchen Refrigerators), Storage Capacity (Medium Storage Capacity Refrigerators (200 L-400 L), Large Storage Capacity Refrigerators (Above 400 L), and Small Storage Capacity Refrigerators (<200 L)), Type of Model (Single Compressor Based Model and Dual Compressor Based Model), Distribution Channel (Hypermarkets, Supermarkets, Specialty Retailers, Online, Mass Retailers, Discount Stores, and Department Stores)– Industry Trends and Forecast to 2032
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The Global Household Refrigerator Market size was valued at USD 10.40 USD Billion in 2024.
The Global Household Refrigerator Market is projected to grow at a CAGR of 7% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
