Household Refrigerators and Freezers Market in Europe Region Projected to Showcase High Growth By 2025

Europe household refrigerators and freezers market is predicted to exhibit a lucrative growth rate over the coming eight years. The attributing factors towards the market growth are surging need of energy efficient products and rising disposable income.

Geographically, U.S. contributed majorly towards the North America household refrigerators and freezers market share in 2015 and will grow noticeably over the coming timeframe, owing to the growing demand for eco-friendly products.

Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years. Global household refrigerators & freezers market worth more than USD 59 billion in 2015, is anticipated record a CAGR of 2.7% over the period of 2016 to 2025.” The latest energy efficiency standard demands the new models of refrigerators and freezers to cut their energy consumption by 20% – 25%, which is pushing the manufacturers to spend heavily in R&D to develop the high-efficiency refrigerators meeting the energy standards.

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The implementation of the new generation features such as smartphone connectivity and automated temperature adjustability in the refrigerators and freezers will surge the product demand. Gradually changing lifestyle in the rural areas along with increasing disposable income of the consumers will build a lucrative roadmap for household refrigerators and freezers industry trends over the period of 2016 to 2025. In addition, heavy investment by government in electrification across the rural areas will further boost the household refrigerators and freezers market trends significantly.

Additionally, compressor less refrigerator and freezers is one of the notable technological innovations, which will become a significant growth factor in the household refrigerators and freezers industry. An average refrigerator consumes 13.7% of the home energy which is the second highest usage rate after the air conditioner. Newly launched products having ENERGY STAR label are being incorporated at a rapid rate worldwide.

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The market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, as it is a major value add for the consumers leveraging a decent energy and cost saving for them. Whirlpool, Electrolux, Haier, Samsung, and L.G. are some of the major giants in the household refrigerators and freezers market. Other notable key players include Panasonic, Frigidaire, Bosch, and General Electric.

Some Point from Table of Contents:

TABLE 1    Household refrigerators and freezers industry 3600 synopsis, 2010 – 2025
TABLE 2    Global household refrigerators and freezers industry, 2010 – 2025, (Million Units)
TABLE 3    Global household refrigerators and freezers market, 2010 – 2025, (USD Billion)
TABLE 4    Global household refrigerators and freezers industry estimates by region, 2010 – 2025 (Million Units)
TABLE 5    Global household refrigerators and freezers industry estimates by region, 2010 – 2025 (USD Billion)
TABLE 6    Global household refrigerators and freezers market estimates by product, 2010 – 2025 (Million Units)
TABLE 7    Global household refrigerators and freezers market estimates by product, 2010 – 2025 (USD Billion)
TABLE 8    Household refrigerators and freezers growth drivers
TABLE 9    Household refrigerators and freezers industry pitfalls and challenges
TABLE 10    Competitor strategy dashboard
TABLE 11    Top mounted freezer refrigerators market estimates and forecast, 2010 – 2015, (Million Units) (USD Million)
TABLE 12    Top mounted freezer refrigerators market estimates and forecast, 2016 – 2025, (Million Units) (USD Million)
TABLE 13    Top mounted freezer refrigerators market estimates by region, 2010 – 2015, (Million Units)
TABLE 14    Top mounted freezer refrigerators market estimates & forecast by region, 2016 – 2025, (Million Units)
TABLE 15    Top mounted freezer refrigerators market estimates by region, 2010 – 2015, (USD Million)
TABLE 16    Top mounted freezer refrigerators market estimates & forecast by region, 2016 – 2025, (USD Million)
TABLE 17    Bottom mounted refrigerators market estimates and forecast, 2010 – 2015, (Million Units) (USD Million)

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