Sellbyville, DE -- (SBWIRE) -- 03/04/2019 -- Household refrigerators and freezers market is characterized by diverse competitors present globally offering new technologies lowering energy consumption every year. Growing energy efficiency initiatives by the Department of Energy have translated into huge savings for consumers.

Refrigerators performing beyond minimum energy standards qualify for the ENERGY STAR label. Introducing energy efficiency labels to grow consumer awareness on the differences in costs, energy consumption and benefits would motivate consumers to care about the energy usage in home appliances. With improving efficiency to meet standards, manufacturers have increased the refrigerator by 20% and provide user-friendly technological advancements such as through-the-door-ice, water tap on the door, and more buying options for consumers.

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Growing double-income families in urban areas characterized by rising purchasing power and disposable income have spurred high-product demand. Increasing automation and globalization has made manufacturing economical enabling companies to reduce the costs of appliances for consumers.

Downsizing margins, rising R&D costs for introducing new technologies and seasonal demand along with cost variations would restrain household refrigerators and freezers market over the forecast timeline. The energy efficiency standards would act as an entry barrier in this industry as matching efficiency standards would require heavy investment in R&D and updating automation in manufacturing.

Rising higher capacity frost-free fridge demand has witnessed steep growth in the past few years. Competitors have shifted their focus towards the high-end spectrum by introducing premium products. The high capacity side-by-side (SbS) fridges would gain popularity amongst upper-middle class owing to rising double-income families preferring more storage space in refrigerators. Furthermore, maintenance free compressors, increased life cycle and easy financing options will augment household refrigerators and freezers market share over the forecast timeframe.

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French door bottom-freezer refrigerator market share was over 25% in 2015. Rising demand for comfortable position for closing and opening doors along with technically advanced flexible storage options would drive industry demand.

U.S. household refrigerators and freezers market share represented majority of the North American demand in 2015. Increasing disposable income and requirements for energy efficient products is likely to generate considerable sales in the region.

Key competitors in household refrigerators and freezers industry include Samsung, Electrolux, Haier, Whirlpool and LG. Other prominent players are Panasonic, Bosch, General Electric and Frigidaire.

Table of Content: -

Chapter 4 Household Refrigerators and Freezers Market Insights, By Product
4.1 Global household refrigerators and freezers market share by product, 2015 & 2025
4.2 Top Mounted Freezer Refrigerators
4.2.1 Top mounted freezer refrigerators market estimates and forecast, 2010 – 2025
4.2.2 Top mounted freezer refrigerators market estimates and forecast by region, 2010 – 2025
4.3 Bottom Mounted Refrigerators
4.3.1 Bottom mounted refrigerators market estimates and forecast, 2010 – 2025
4.3.2 Bottom mounted refrigerators refrigerators market estimates and forecast by region, 2010 – 2025
4.4 Side-By-Side Refrigerators
4.4.1 Side-by-side refrigerators market estimates and forecast, 2010 – 2025
4.4.2 Side-by-side refrigerators market estimates and forecast by region, 2010 – 2025
4.5 French Door Bottom Freezer Refrigerators
4.5.1 French Door Bottom Freezer refrigerators market estimates and forecast, 2010 – 2025
4.5.2 French door bottom freezer refrigerators market estimates and forecast by region, 2010 – 2025

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