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(HomeGarden247.com, August 17, 2018 ) Market Overview: -
Household Refrigerators and Freezers market may surpass USD 75 billion by 2025. These devices provide cold storage to store food products such as fish, ice-cream, fruits, vegetables, milk, water, etc. Adding to this, it uses vapor compression technology for maintaining storage conditions.
Increasing adoption of environmental friendly products in order to reduce emission of chloro-fluoro carbons has encouraged the development of high energy efficient refrigerators. With new energy standards, manufacturers have increased the refrigerator and integrated the product with user friendly technological interfaces such as water and ice dispensers.
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Top Key Players: -
Players competing in the Household Refrigerators and Freezers market includes Whirlpool, LG, Haier, Electrolux, Samsung, other players involved are General Electric, Panasonic, Bosch, Frigidaire, etc.
Market share calculation in this report is not done based on companies covered in it. The calculation of household refrigerators and freezers market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The energy efficiency upgrades introduced in September 2015 in the U.S. will continue to drive the demand for environmentally friendly products in the region. Increasing growth in APAC region owing to emerging economies such as India, Singapore, Indonesia, China and Malaysia will enhance the household refrigerators and freezers market growth.
Changing lifestyles in rural areas will contribute to shape up the business growth. Moreover, significant push by governments in rural electrification will further drive and stimulate the rising demand.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Household refrigerators and freezers industry 3600 synopsis, 2010 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends Chapter 3 Household Refrigerators and Freezers Industry Insights
3.1 Household refrigerators and freezers industry segmentation
3.2 Industry size and forecast, 2010 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Product cost structure analysis
3.3.4 Profit margin indicators
3.3.5 Customer insights
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.6 Household refrigerators and freezers industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing energy efficiency initiatives
3.6.1.2 Increasing purchasing power
3.6.1.3 Technological advancements in product development
3.6.2 Industry pitfalls and challenges
3.6.2.1 Significant untapped population base
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share analysis, 2015
3.9.1 Strategy dashboard
3.9.2 Market concentration
3.10 PESTEL analysis
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Several key players in household refrigerators and freezers market have shifted their focus towards development and deployment of premium energy efficient and environmentally friendly products. These premium products are gaining popularity among the upper-middle and middle-class segment. Adding to this, rise in disposable income has further contributed to boost the industry growth as consumers are able to afford premium and high-end products.
The major competitive strategies adopted by the industry players include expansion of product portfolio through new product developments, collaborations and strategic partnerships to accommodate key technology developments. Reinforcing the aftersales service in order to stimulate & enhance market penetration and development of goodwill tend to augment the increased adoption. Companies are also focusing on product service bundling in order to enhance sales.
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Source: EmailWire.Com
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