Global Refrigerators Market

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. The main product types of smart refrigerators are top freezer refrigerator, bottom freezer fridge, side-by-side refrigerator, and French door refrigerator and the technologies used are wi-fi, radio frequency identification (RFID), cellular technology, Bluetooth, Zigbee, and touchscreen. The top freezer refrigerators are more energy efficient and easy to freeze products. The smart refrigerators are found in two types of doors such as single, double, side by side, and French, and are used for residential and commercial purposes. The smart refrigerators market research report is one of a series of new reports from The Business Research Company that provides smart refrigerators market statistics, including smart refrigerators industry global market size, regional shares, competitors with a smart refrigerators market share, detailed smart refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the smart refrigerators industry. This smart refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global smart refrigerators market will grow from $4.89 billion in 2021 to $5.23 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart refrigerators market is expected to grow to $6.84 billion in 2026 at a CAGR of 6.9%. 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. Smart refrigerators are generally more expensive than ordinary refrigerators. Although smart refrigerators have high-tech features and can be controlled via smartphones, the high cost is hindering their growth. Additionally, the high repair cost is a key factor hampering the growth of the smart refrigerator market. Consumers might have to invest more in specific parts that are difficult to locate, and there might also be a shortage of parts for some models in some cases. This results in using second-hand parts. Popular issues include a non-running refrigerator or having a freezer portion that does not remain cold. The cost to fix these problems ranges between $140 and $200 nationally. The more recent issue with smart refrigerators is hacking. Smart refrigerators are not built with security and can’t be protected by antivirus software. Using devices that incorporate hardware, cloud, and software designed to safeguard the appliance is an additional expense. Therefore, the high cost of smart refrigerators is expected to limit the growth of the smart refrigerator market. 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. In July 2020 Samsung launched its connected SpaceMax Family Hub Refrigerator which has additional storage space. Major players in the smart refrigerators market are Haier, Samsung Electronics, LG Electronics Inc., Panasonic Corporation, Whirlpool, Siemens AG, Midea Group, Hisense Co. Ltd., Electrolux, and GE Appliances. Asia-Pacific was the largest region in the smart refrigerators market in 2022. Western Europe was the second-largest region in the global smart refrigerators market. The regions covered in the global smart refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart refrigerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart refrigerators market consists of sales of top freezer refrigerators, bottom freezer refrigerators, side-by-side refrigerators, and other smart refrigerators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart refrigerators market 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

A refrigerator is defined as an electrical appliance used to preserve food at cold temperatures. A freezer is part of a refrigerator where the temperature is maintained below the freezing point for storing food for longer periods. The main types of household refrigerators and home freezers are refrigerators, freezers, ice boxes, and refrigerator/freezer combinations. A refrigerator is an electronic household appliance that keeps food and drinks cold by pushing a liquid refrigerant through a sealed system, which causes it to vaporize, and draw heat out of the fridge. The vaporized refrigerant is then passed through coils outside the fridge (at the back or bottom). This warms up the vapor and changes it back into a liquid. The various door types of household refrigerators include single doors, double doors, side-by-side doors, and French doors. The different freezer locations are freezer on top, freezer on bottom, and freezer less, which are used for frozen vegetables and fruit, frozen meat, and other applications. The main types of household refrigerators and home freezers marketed by distribution channel are: specialty stores, supermarkets/hypermarkets, online, and others. The household refrigerator and home freezer market research report is one of a series of new reports from The Business Research Company that provides a household refrigerator and home freezer market statistics, including household refrigerator and home freezer industry global market size, regional shares, competitors with a household refrigerator and home freezer market share, detailed household refrigerator and home freezer market segments, market trends and opportunities, and any further data you may need to thrive in the household refrigerator and home freezer industry. This household refrigerator and home freezer market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global household refrigerator and home freezer market size will grow from $55.55 billion in 2022 to $59.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household refrigerator and home freezer market size is expected to grow to $78.88 billion in 2027 at a CAGR of 7.1%. The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the household refrigerators and home freezers market. Intense pricing pressure on manufacturers is restraining the growth of the household refrigerator and freezer market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike. Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators and adjust and monitor the temperature as per requirement. In September 2021, Whirlpool, a US-based home appliances company acquired Elica for a deal amount of $57 million. Through this acquisition, Whirlpool expands its portfolio in kitchen appliances. Elica is an Italy-based company operating in home appliances including house- hold refrigeration and home-freezers. Major players in the household refrigerator and home freezer market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton Asia-Pacific was the largest region in the household refrigerator and home freezer market in 2022. Western Europe was the second-largest region in the global household refrigerator and home freezer market. The regions covered in the global household refrigerator and home freezer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household refrigerator and home freezer market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The household refrigerators and home freezers market consists of the sales of top-freezer refrigerators, bottom-freezer refrigerators, side-by-side refrigerators, french door refrigerators, upright freezers, chest freezers, handle ice boxes, wheeled ice boxes, and other household refrigerators and home freezers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global household refrigerator and home freezer market is segmented - 1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations 2) By Refrigerator Door Type: Single Door, Double Door, Side by Side Door, French Door 3) By Freezer Location: Freezer on top, Freezer on bottom, Freezer less 4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Other Applications 5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online, Other Distribution Channels

Mortuary equipment includes instruments and materials used in morgues and mortuaries to preserve dead bodies until they are transferred to a cemetery or funeral home, as well as cadavers for study and education. The main types of products in mortuary equipment are refrigerators and freezers, autopsy and dissection tables, cadaver lifts, cadaver trolleys, and others. The refrigerators and freezers are used in morgues and mortuaries for the storage of corpses at lower temperatures for a short or long period and are made of stainless steel. The applications include manual and automated and are implemented in various sectors such as hospitals, academic institutions, research organizations, forensic laboratories, and others. The mortuary equipment market research report is one of a series of new reports from The Business Research Company that provides mortuary equipment market statistics, including mortuary equipment industry global market size, regional shares, competitors with a mortuary equipment market share, detailed mortuary equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mortuary equipment industry. This mortuary equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global mortuary equipment market size grew from $0.96 billion in 2022 to $1.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mortuary equipment market size is expected to grow to $1.43 billion in 2027 at a CAGR of 8.6%. The increase in mortality rates are expected to propel the growth of the mortuary equipment market going forward. The mortality rate, commonly known as the death rate, is a measure of the number of deaths in a certain location or period. As the death rate rises, so does the demand for mortuary equipment such as body bags, mortuary stretchers, lifting carts, mortuary washing units, and autopsy tables, which are used to preserve and store deceased people also increases. For instance, according to a Centers for Disease Control and Prevention report, the 2020 death rate in the United States climbed 15.9% from 2019 to 2020, from 715.2 deaths per 100,000 individuals to 828.7 deaths per 100,000 individuals. Therefore, the increasing mortality rates drive the growth of the mortuary equipment market. Technological advancement is a key trend gaining popularity in the mortuary equipment market. Technological advancements made funeral planning more accessible and more flexible by providing eco-friendly burials, funeral service webcasting, online obituaries, and headstone technology. Key players are focusing on new technologies to lead the mortuary equipment market. For instance, in September 2020, SEHA, a UAE-based Health Services Company has opened a central mortuary in Al Ain city. The new central mortuary in Al Ain will enable the use of virtual autopsies via innovative 3D virtual radiology technology. The new facility, which was designed innovatively and is outfitted with cutting-edge technology, enables all services linked to deceased bodies to be finished in one area, with authorizations done electronically. In April 2020, Alleghany Capital Corporation, a US-based investment holding company acquired Wilbert Funeral Services Inc for an undisclosed amount. Alleghany Capital has acquired the great brand of Wilbert Funeral Services to its family of companies and will work with its licensees and employees to continue building on Wilbert's long and strong heritage. Wilbert Funeral Services Inc. is a US-based company that manufactures and distributes burial vaults. Major players in the mortuary equipment market are Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Inc., Kugel Medical GmbH & Co. KG, EIHF Isofroid, Hygeco, S.M. Scientific Instruments Pvt. Ltd., Mopec Inc., Barber of Sheffield, C.F. di Ciro Fiocchetti & C. s.n.c., Mortuary Lift Company, Funeralia GmbH, Span Surgical Co., and Thalheimer Kühlung GmbH & Co. KG. North America was the largest region in the mortuary equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mortuary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the mortuary equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The mortuary equipment market consists of sales of Autopsy Floor Scale, Autopsy Saw, Mortuary Chambers, Autopsy Table, Autopsy Instrument Kit, and Organ Weighing Scale. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global mortuary equipment market is segmented - 1) By Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types 2)By Application: Manual, Automated 3)By End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users

Medical refrigerators are electronic equipment that are used for storing a variety of samples cool safe. These are used to store vaccines and biological samples including blood, blood derivatives, biological reagents, vaccines, pharmaceuticals, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DRA) (DNA). The main types of medical refrigerators are blood bank refrigerators and plasma freezers, laboratory refrigerators and freezers, pharmacy refrigerators and freezers, chromatography refrigerators and freezers, enzyme refrigerators and freezers, ultra-low-temperature freezers, and cryogenic storage systems. The blood bank refrigerator keeps whole blood, blood components (such as blood cells and plasma), and reagents are safe and accessible. It ensures the freshness and integrity of blood and blood components. They are used by various end-users such as blood banks, pharmaceutical companies, hospitals and pharmacies, research institutes, and medical and diagnostic centers. There are different designs of medical refrigerators such as explosive-proof refrigerators, under counter medical refrigerators, countertop medical refrigerators, and flammable material storage refrigerators and the temperature range of the medical refrigerators is between 2 °C to 8 °C, between 0 °C to -40 °C, and under -40 °C. The storage volume capacities of the medical refrigerators are below 50 litres, 50 to 200 litres, 200 to 400 litres, 400 to 600 litres, and more than 600 litres. The medical refrigerators market research report is one of a series of new reports from The Business Research Company that provides medical refrigerators market statistics, including medical refrigerators industry global market size, regional shares, competitors with a medical refrigerators market share, detailed medical refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the medical refrigerators industry. This medical refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global medical refrigerators market size grew from $4.14 billion in 2022 to $4.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical refrigerators market size is expected to grow to $5.8 billion in 2027 at a CAGR of 7.0%. The rising demand for storing biological products, blood samples, blood reagents, vaccines, DNA samples, and other chemicals is propelling the growth of the medical refrigerator market. The increased demand for biologic products is driven by an increase in the demand for donated blood, an increase in the number of blood donors worldwide, and an increase in the prevalence of infectious illnesses. These products require a constant temperature to preserve and increase their life span to keep them long-lasting. This requirement is fulfilled by the medical refrigerators that can store these products at as low as minus 80-degree Celsius. According to the report published by the World Health Organization, a specialized agency of the United Nations responsible for international public health, in 2020, 118.5 million blood donations were obtained globally. In low-income nations, children under the age of five account for up to 54% of all blood transfusions, but in high-income countries, the most frequently transfused patient group is over 60 years old, accounting for up to 75% of all transfusions. Thus, the high demand for biological materials such as blood samples, DNA samples, and vaccines, among others is expected to support the growth of medical refrigerators during the forecast period. Technological advancements are shaping the medical refrigerator market. Many companies are developing new technologies for medical refrigerators for storing medicines and blood to help the medical industry enhance their storing ability and use products in long run. In February 2021, Godrej Appliances, an India-based home appliance company, launched ultra-low temperature technology freezers. These cutting-edge medical freezers are intended to improve the Indian and international medical cold chains and can maintain life-saving medical supplies, including essential vaccinations, below -80 °C. In June 2020, Dulas a UK-based company that pioneered the innovative use of solar, hydro, wind renewable energy, and cutting-edge health care refrigerators for vaccine storage acquired Polestar for an undisclosed amount. The acquisition aimed to strengthen Dulas’ product portfolios in the refrigeration sector. Polestar is a UK-based industrial and medical refrigeration manufacturing company. Major players in the medical refrigerators market are Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Helmer Scientific Inc., Vestfrost Solutions, Zhongke Meiling Cyrogenics Company Limited, Philips Kirsch GmbH, LEC Medical, Panasonic, Froilabo SAS, LabRepCo LLC, Aucma, Standex International Corporation, Godrej Group, Fiochetti, PHC Holdings Corporation, Follett LLC, Labcold, Dulas Ltd., HMG India, Felix Storch Inc., SO-LOW, Indrel, Eppendorf AG, and Migali Scientific. North America was the largest region in the medical refrigerators market in 2022. The regions covered in the medical refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical refrigerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical refrigerator market consists of sales of freeze dryers, ice lined refrigerator, blood bank refrigerators. Laboratory refrigerators, vaccine refrigerator, AND pharmaceutical refrigerators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global medical refrigerators market is segmented - 1) By Product Type: Blood Bank Refrigerator And Plasma Freezer, Laboratory Refrigerator And Freezer, Pharmacy Refrigerator And Freezer, Chromatography Refrigerator And Freezer, Enzyme Refrigerator And Freezer, Ultra-Low-Temperature freezers, Cryogenic Storage Systems 2) By Design Type: Explosive-Proof Refirgerators, Undercounter Medical Refrigerators, Countertop Medical Refrigerators, Flammable Material Storage Refrigerators 3) By Temperature Control Range: Between 2 °C and 8 °C, Between 0 °C and -40 °C, and Under -40 °C 4) By Volume: Below 50 Litres, 50-200 Litres, 200-400 Litres, 400-600 Litres, More Than 600 Litres 5) By End-User: Blood Banks, Pharmaceutical Companies, Hospital and Pharmacies, Research Institutes, Medical And Diagnostic Centres

The smart kitchen appliances refer to kitchen appliances connected through IoT (internet of things) technology, bluetooth, Wi-Fi, and other technologies. These smart kitchen appliances are used to make household management easier to operate and eliminate mundane tasks. For enhanced functionality and a more interactive experience, these appliances, like other smart technologies, are integrated with sensor technology, computing power, one or more actuators, and communication capabilities such as Bluetooth or Wi-Fi, advanced user interface, and artificial intelligence (AI) technologies. The main types of smart kitchen appliances include smart refrigerators, smart cookware and cooktops, smart dishwashers, smart ovens, and other appliances. Smart refrigerators refer to refrigerators, which are equipped with features such as a touchscreen interface, the option to connect to the internet through Wi-Fi, internal cameras, flexible user-controlled cooling options and other functions to interact with its features using a smartphone or tablet depending on the smart refrigerator brand. The implementation of IoT & AI functionalities has further improved the user experience. They are sold through direct and indirect sales channels and used by residential and commercial customers. The smart kitchen appliances market research report is one of a series of new reports from The Business Research Company that provides smart kitchen appliances market statistics, including smart kitchen appliances industry global market size, regional shares, competitors with a smart kitchen appliances market share, detailed smart kitchen appliances market segments, market trends and opportunities, and any further data you may need to thrive in the smart kitchen appliances industry. This smart kitchen appliances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart kitchen appliances market size grew from $17.79 billion in 2022 to $21.47 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart kitchen appliances market size is expected to grow to $43.04 billion in 2027 at a CAGR of 19.0%. The increased demand for advanced and intelligent cooking appliances is significantly contributing to the growth of the smart kitchen appliances market. The outbreak of the COVID-19 pandemic and subsequent lockdowns along with increased access to smartphones and wireless services has aided in the growth in demand for smart kitchen appliances. For instance, according to research by security.org, 32% of US households have access to smart home technology and it is expected to grow to 57% by 2025. Estimates also show that 80 million US households or 64% of the participants intend to purchase a new type of smart home device within the next year. Therefore, the increased demand for advanced and intelligent cooking appliances will contribute to the growth of the human smart kitchen appliances market. Technological advancement is a key trend gaining popularity in the smart kitchen appliances market. Key players operating in the smart kitchen appliances market are focusing on developing innovative kitchen appliances with advanced technological solutions such as machine learning to enhance their existing product portfolio and strengthen their position in the market. For instance, Bosch, a German multinational engineering and technology company, launched Bosch Series 8 accent line sensor oven, a smart Artificial Intelligence-powered oven. With the use of a machine learning system, a neural network helps recognize certain sequences from the data and makes intelligent predictions, including the time required for the baking or cooking process. In February 2022, Crompton Greaves Consumer Electricals Limited, an Indian-based manufacturer of consumer products, acquired Butterfly Gandhimathi Appliances Limited for INR 2,076 million ($27 million). The acquisition was intended to achieve the company’s target to become a pioneer in the kitchen appliances segment with a focus on keeping the cost best in class. Butterfly Gandhimathi Appliances Limited is an Indian manufacturer of kitchen appliances. Major players in the smart kitchen appliances market are Whirlpool Corporation, LG Electronics, Electrolux AB, Samsung Electronics Co. Ltd., Haier Group, AB Electrolux, BSH Home Appliances Corporation, Panasonic Corporation, Breville Group Limited, Miele & Cie. KG, Vita-Mix Corporation, GE Appliances, Xiaomi, SectorQube, and Dacor. North America was the largest region in the smart kitchen appliances market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchen appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart kitchen appliances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart kitchen appliances market consists of sales of smart pressure cooker, smart air fryer, smart air fryer oven, smart toaster oven, smart induction cooker, smart dutch oven, smart food processor and smart skillet. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart kitchen appliances market is segmented - 1) By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances 2) By Sales Channel: Indirect Sales Channel, Direct Sales Channel 3) By Application: Residential, Commercial

Food service equipment refers to all tools and equipment such as utensils, crockery, and cutlery used to prepare and cook, store, serve, and wash food and beverage products. These come in multiple modes such as hand-operated, semi-automatic, and fully automatic. These aim to provide the correct quantity of food served at optimal temperature, ensuring higher end-user productivity levels. The main types of equipment in the food service equipment market are food preparation equipment, drink preparation equipment, heating & holding equipment, cooking equipment, refrigerators & chillers, baking equipment, merchandisers, ware washing equipment, and other F&B service equipment. Food preparation equipment refers to equipment used to process numerous foods efficiently. Food preparation equipment includes cooking utensils, food blenders, processors, slicers & peelers, mixers & grinders, and others. Food service equipment is distributed online and offline. Food service equipment is used by full-service restaurants, quick-service restaurants, institutions, and others. The food service equipment market research report is one of a series of new reports from The Business Research Company that provides food service equipment market statistics, including food service equipment industry global market size, regional shares, competitors with a food service equipment market share, detailed food service equipment market segments, market trends and opportunities, and any further data you may need to thrive in the food service equipment industry. This food service equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global food service equipment market size grew from $34.74 billion in 2022 to $36.8 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The food service equipment market size is expected to grow to $46.29 billion in 2027 at a CAGR of 5.9%. The growing online food service sector is significantly contributing to the growth of the food service equipment market. Online food service is growing due to the convenience offered, accessibility to all, expanding choices, reasonable prices, and others. Specifically, during the COVID-19 pandemic, as people needed to maintain social distancing and follow safety guidelines, customers started online ordering more frequently to reduce physical interaction between the customer and facilitator. This growth of the online food service sector required more food service equipment to be deployed to fulfill the market demand, resulting in a significant demand for food service equipment. For instance, according to a report by one of the big four management consulting firms Deloitte, the online food delivery sector is expected to grow by more than 10% yearly to approximately $25 billion across Europe by 2023. This growth is a result of quicker, more convenient options associated with rising incomes. In addition, according to a report by Google and Boston Consulting Group (BCG), the Indian online food industry is expected to reach $8 billion by the end of 2022, growing at 25-30%. Thus, the growing online foodservice sector will drive the growth of the foodservice equipment market. Technological advancement is a key trend gaining popularity in the food service equipment market. The market is witnessing the implementation of advanced technologies such as automation, virtual control systems, sensory systems, robots, fusion tech machinery, and others to enable more efficient operations of food service equipment. Major companies operating in the foodservice equipment market are focused on providing technologically-advanced equipment to strengthen their market position. For instance, in March 2021, a US-based cooking technologies firm TurboChef Technologies LLC, and Middleby Corporation, a US-based commercial, and residential kitchen equipment company introduced PLEXOR, a next-generation automated ventless oven. It is a multi-technology, flexible cooking platform that allows the automated operation of different oven modules with a single user interface and a single plug. This technology benefits the company by simplifying customers' preferences, optimizing labor, and increasing service speed without compromising product/service quality standards. In December 2021, Ali Group, an Italy-based food service equipment company acquired The Montague Company for an undisclosed amount. This acquisition strengthens the Ali Group as a leader in the global commercial foodservice equipment market and expands the growth opportunities to provide a brand-new dimension to serve the foodservice equipment industry. The Montague Company is a US-based commercial cooking equipment manufacturing company. Major players in the food service equipment market are AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group, SMEG SpA, The Middleby Corporation, Illinois Tool Works Inc., Welbilt Inc., Comstock-Castle Stove Co Inc., Cambro Manufacturing Co Inc., Hoshizaki Electric Co Ltd., Fujimak Corporation, Electrolux Professional, Alto-Shaam Inc., Standex International Corporation, The Vollrath Company LLC, ITW Food Equipment Group, Meiko, Tupperware and Hobart Corporation. Asia-Pacific was the largest region in the food service equipment market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the food service equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the food service equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The food service equipment market consists of sales of utensils, pots, pans, bowls, and spoons, large equipment such as range, steamers, boiling pans, and refrigerators, mechanical equipment such as peelers, pin-cers, mixers, refrigerators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global food service equipment market is segmented - 1) By Equipment: Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers, Ware Washing Equipment, Other F&B Service Equipment 2) By Distribution Channel: Online, Offline 3) By End-User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other End-Users

A home freezer is a larger container where the temperature is maintained below the freezing point for storing the food for longer periods. The main products of the home freezers market are chest freezers, upright freezers, and others. A chest freezer is a freezer that looks like a chest and has a door that lifts open. The types of doors are 1 door, 2 doors, 3 doors, and 4 doors. The capacity used is 200 and below, 200-300, 300-500, 500, and above. The applications are residential, commercial, and industrial. The home freezers market research report is one of a series of new reports from The Business Research Company that provides home freezers market statistics, including home freezers industry global market size, regional shares, competitors with a home freezers market share, detailed home freezers market segments, market trends and opportunities, and any further data you may need to thrive in the home freezers industry. This home freezers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global home freezers market grew from $7.03 billion in 2022 to $7.48 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home freezers market is expected to grow to $9.25 billion in 2027 at a CAGR of 5.5%. The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers is driving the freezers market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require freezers for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the freezers market. Intense pricing pressure on manufacturers is restraining the growth of the freezers market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike. Freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in freezers and also manufacturing freezers that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement. Major players in the home freezers market are Daihan Scientific, ThermoFisher Scientific, Haier Group Corporation, AB Electrolux, Hitachi Ltd., LG Electronics, Liebherr Group, Siemens Home Appliances, Brandt, and Beverage-Air Corporation. Asia Pacific was the largest region in the home freezers market in 2022. The regions covered in the global home freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the home freezers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The home freezer market consists of sales of chest freezers, upright freezers, and others home freezers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global home freezers market is segmented - 1) By Product: Chest Freezer, Upright Freezer, Other Products 2) By Application: Residential, Commercial, Industrial 3) By Type Of Door: 1 Door, 2 Door, 3 Door, 4 Door 4) By Capacity: 200 And Below, 200-300, 300-500, 500 And Above

A refrigerator is defined as an electrical appliance used to preserve food at cold temperatures. A freezer is part of a refrigerator where the temperature is maintained below the freezing point for storing food for longer periods. The main types of household refrigerators and home freezers are refrigerators, freezers, ice boxes, and refrigerator/freezer combinations. A refrigerator is an electronic household appliance that keeps food and drinks cold by pushing a liquid refrigerant through a sealed system, which causes it to vaporize, and draw heat out of the fridge. The vaporized refrigerant is then passed through coils outside the fridge (at the back or bottom). This warms up the vapor and changes it back into a liquid. The various door types of household refrigerators include single doors, double doors, side-by-side doors, and French doors. The different freezer locations are freezer on top, freezer on bottom, and freezer less, which are used for frozen vegetables and fruit, frozen meat, and other applications. The main types of household refrigerators and home freezers marketed by distribution channel are: specialty stores, supermarkets/hypermarkets, online, and others. The household refrigerator and home freezer market research report is one of a series of new reports from The Business Research Company that provides a household refrigerator and home freezer market statistics, including household refrigerator and home freezer industry global market size, regional shares, competitors with a household refrigerator and home freezer market share, detailed household refrigerator and home freezer market segments, market trends and opportunities, and any further data you may need to thrive in the household refrigerator and home freezer industry. This household refrigerator and home freezer market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global household refrigerator and home freezer market size will grow from $55.55 billion in 2022 to $59.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household refrigerator and home freezer market size is expected to grow to $78.88 billion in 2027 at a CAGR of 7.1%. The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the household refrigerators and home freezers market. Intense pricing pressure on manufacturers is restraining the growth of the household refrigerator and freezer market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike. Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators and adjust and monitor the temperature as per requirement. In September 2021, Whirlpool, a US-based home appliances company acquired Elica for a deal amount of $57 million. Through this acquisition, Whirlpool expands its portfolio in kitchen appliances. Elica is an Italy-based company operating in home appliances including house- hold refrigeration and home-freezers. Major players in the household refrigerator and home freezer market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton Asia-Pacific was the largest region in the household refrigerator and home freezer market in 2022. Western Europe was the second-largest region in the global household refrigerator and home freezer market. The regions covered in the global household refrigerator and home freezer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household refrigerator and home freezer market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The household refrigerators and home freezers market consists of the sales of top-freezer refrigerators, bottom-freezer refrigerators, side-by-side refrigerators, french door refrigerators, upright freezers, chest freezers, handle ice boxes, wheeled ice boxes, and other household refrigerators and home freezers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global household refrigerator and home freezer market is segmented - 1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations 2) By Refrigerator Door Type: Single Door, Double Door, Side by Side Door, French Door 3) By Freezer Location: Freezer on top, Freezer on bottom, Freezer less 4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Other Applications 5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online, Other Distribution Channels