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Smart Refrigerator Market Share

Report ID: GMI4129
Published Date: Sep 2024
Report Format: PDF

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Smart Refrigerator Market Share

Smart Refrigerator Market Company Share Analysis (2023)

The global market is fragmented, with prominent players, such as Samsung Electronics, LG Electronics, Whirlpool Corporation, GE Appliances, Bosch Home Appliances holding a market share of 30-35%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.

Smart Refrigerator Market Companies

Major players operating in the market include:

Beko
Bosch Home Appliances
Electrolux AB
Fisher & Paykel Appliances
GE Appliances
Haier Smart Home
Hisense Group
LG Electronics
Miele & Cie.
Panasonic Corporation
Samsung Electronics
Sharp Corporation
Siemens Home Appliances
Sony Corporation
Whirlpool Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

In 2023, the global smart refrigerator industry was valued at USD 3.4 billion and is expected to register a compound annual growth rate (CAGR) of 11.9% between 2024 and 2032, driven by technological advancements, IoT integration, and increasing demand for convenience and energy efficiency.

The freestanding smart refrigerator led the market in 2023, generating over USD 2.9 billion in revenue. This segments popularity is due to its versatility, easy installation, and advanced features such as touchscreen controls and smart connectivity.

The freestanding smart refrigerator segment is projected to reach USD 7.6 billion by 2032, maintaining its leadership position thanks to its adaptability, innovative features, and design flexibility.

North America emerged as the dominant region in 2023, generating USD 1.1 billion in revenue. The regions high adoption of technology, strong purchasing power, and emphasis on innovation contributed to this leadership.

Key players in the market include Samsung Electronics, LG Electronics, Whirlpool Corporation, GE Appliances, Bosch Home Appliances, and Panasonic Corporation, among others.