The smart refrigerators market size has grown rapidly in recent years. It will grow from $6.82 billion in 2024 to $7.62 billion in 2025 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increasing affluence and lifestyle changes, energy efficiency and sustainability concerns, rise in home automation trends, consumer demand for advanced features, increasing connectivity and internet penetration.
The smart refrigerators market size is expected to see rapid growth in the next few years. It will grow to $11.23 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to smart kitchen ecosystem integration, focus on health and wellness, data analytics and AI integration, smart grid and energy management integration, increasing urbanization and small living spaces. Major trends in the forecast period include integration of health and wellness monitoring, collaboration with food and grocery platforms, focus on design aesthetics and customization, digital shopping and e-commerce integration, environmental monitoring and reporting.
Get Your Free Sample of The Global Smart Refrigerators Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3132&type=smp
Which major factors have contributed to the expansion of the smart refrigerators market?
The rise in the adoption of smart cities and smart infrastructures is a key factor driving the growth of the smart refrigerator market. The Internet of Things (IoT) market has been growing, with smart home devices and appliances, the home is getting smarter with new devices that are available with internet connectivity. Smart home devices such as Google Nest, Ring, and smart fridges have held users aware of the Internet of Things (IoT) trend, which relates to the connectivity of everyday items over the Internet. according to IoT analytics the global number of connected IoT devices to grow by 9% to 12.3 billion active endpoints and grew to 27 billion connections by 2025. Therefore, companies are investing more in IoT due to growing interest in the smart home and this factor is driving the market for smart refrigerators.
How is the smart refrigerators market segmented?
The smart refrigerators market covered in this report is segmented –
1) By Product: Top Freezer Refrigerator, Bottom Freezer Fridge, Side-Sy-Side Refrigerator, French Door Refrigerator
2) By Technology: Wi-Fi, Radio Frequency Identification (RFID), Cellular Technology, Bluetooth, ZigBee, Touchscreen
3) By Door Type: Single, Double, Side by Side, French 4) By End Use: Residential, Commercial
Subsegments:
1) By Top Freezer Refrigerator: Standard Top Freezer, Energy-Efficient Top Freezer
2) By Bottom Freezer Fridge: Standard Bottom Freezer, Energy-Efficient Bottom Freezer
3) By Side-By-Side Refrigerator: Standard Side-By-Side, Energy-Efficient Side-By-Side
4) By French Door Refrigerator: Standard French Door, Energy-Efficient French Door
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/smart-refrigerators-global-market-report
Who are the top competitors in the smart refrigerators market?
Major companies operating in the smart refrigerators market include Samsung Electronics Co. Ltd., Bosch Group, Hitachi Ltd., Siemens AG, LG Electronics Inc. (LG Corporation), Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Xiaomi Corporation, Toshiba Corporation, Whirlpool Corporation, Sharp Corporation, Kenmore (Sears Holdings Corporation), Liebherr Group, Jenn-Air, Electrolux AB, Frigidaire, Hisense Kelon Electrical Appliances Co. Ltd., TCL Corporation, Arcelik A.Ş. (Arcelik), GE Appliances, Fisher & Paykel, Thermador, Sub-Zero Group Inc., Viking Range, Dacor Inc., Grundig AG, Beko, Gorenje Group, Smeg S.p.A.
Which key trends are expected to influence the smart refrigerators market in the coming years?
The IoT-enabled family hub refrigerator is a key trend in the smart refrigerator market. The new Family Hub refrigerator provides features such as testing from anywhere what’s inside the refrigerator, leaving messages on the White Board, seeing who’s at the front door via a connected doorbell, adjusting the thermostat, watching CCTV video, suggestions for recipes, shopping recommendations, etc. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based major appliance and consumer electronics company, revealed new additions to its Bespoke Home lineup for connected and customized kitchen experiences at CES 2023. This expanded lineup encompasses a broader selection of Bespoke refrigerator models, a larger 32-inch screen to enhance the immersive experience of the Bespoke 4-Door Flex with Family Hub+.
Which regional trends are influencing the smart refrigerators market, and which area dominates the industry?
The countries covered in the smart refrigerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Smart Refrigerators Market Report 2025 Offer?
The smart refrigerators market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A smart refrigerator is a programmed high-tech refrigerator that can identify the type of products stored therein and keep track of important information such as expiry and usage. Such refrigerators operate on a barcode or RFID network whereby the batch is collected, and information is generated directly from the internet. Smart refrigerators are used in residential and commercial sectors.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3132
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
