+1-888-308-5802     
News Contact Us

Household Refrigerators and Freezers Market in U.S. Region Will Excepted to Grow Noticeably Over Coming Years

Author : Ronak Bora | Published Date : 2019-04-11 

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.

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.

Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years. According to Global Market Insights, Inc., “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.”

To access a sample copy of the household refrigerators and freezers market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/849

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. The active partaking of the manufacturers along with the high demand from the consumers for the advanced refrigerators will enhance the household refrigerators & freezers industry outlook over the coming timeframe.

Downsizing margins, rising R&D costs for introducing new technologies and seasonal demand along with cost variations would restrain household refrigerators and freezers market size 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.

Top mounted freezer, French door bottom freezer, bottom mounted, and side-by-side are the prominent products of the household refrigerators and freezers market. Side-by-Side household refrigerators & freezers market will register a CAGR of 4% over the coming eight years, driven by the rising consumption of the frozen and fast foods across the urban regions. Moreover, enhanced life style, easy financing options, and incorporation of maintenance free compressors will boost the demand for the side-by-side refrigerator.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/849

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Space Launch Services Market in Satellite Payload Segment is Excepted to Observe High Growth Rate Over the Coming Years

Published Date: 2019-04-18         Author: Ronak Bora

The Space Launch Services Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user ... Read More

Commercial Aircraft MRO Market Outlook | Drivers, Restraint & Future Growth Analysis by 2024

Published Date: 2019-04-18         Author: Ronak Bora

Global Market Insights, Inc. present the report on Commercial Aircraft MRO Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for th... Read More

Structured Cabling Market in Software Technologies Will Grow at A CAGR of Over 14% Over 2019 to 2025

Published Date: 2019-04-18         Author: Ronak Bora

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. T... Read More

© 2019 Fractovia. All Rights Reserved