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India Refrigerator Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

India Refrigerator Market (By Model Type – Mini Freezers, Top Freezer, Bottom Freezer, Side by Side, French Door and Merchandizers; By Retail Format – Online, Offline; By Capacity – <200 L, 200 – 499 L, 500 – 700 L, > 700 L; By Technology – Smart, Conventional; By End User – Residential, Commercial (HoReCa); By Region – North India, South India, West India and East India) – Industry Dynamics, Covid 19 Outbreak Impact, Market Size, And Opportunity Forecast To 2027

  • Published On: 14-Apr-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA0121026
    Delivery: 2 to 4 Hours
India Refrigerator Market

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Report AttributeDetails
Market Size Value in 2020US$ 4,004.7 Mn
Expected Revenue in 2027US$ 6,909.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Model Type, Retail Format, Capacity, Technology, End-User, and Country
Key CompaniesBlue Star Limited, Croma, Electrolux AB, Godrej Group, Haier Group Corp.,  and other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization


In 2020, the volume recorded in the India refrigerator market was more than 13,000 thousand units.
The India Refrigerator market in 2020 was valued US$ 4,004.7 Mn.
Report provides market size forecast for period 2021-2027, with market estimated to grow at compounded annual growth rate of 8.1% by value and 5.8% by volume.
The report provides market size estimates for period of 2017-2027. Wherein, 2017-2019 is the historic period. 2020 is the base year, and 2021-2027 is the forecast period. In all, forecast is provided for a term of 10 years in the report.
The market volume was 13,000 thousand units in 2020.
The report provides detailed segment level market size forecast and analysis based on multiple parameters. These include: Model Type (Six subsegments), Retail Format (Two subsegments), Capacity (Four subsegments), Technology (Two subsegments), End-user Industry (Three subsegments) and Region (Four subsegments).
Potential players include names such as Blue Star Limited, Croma, Samsung Electronics Co., Ltd., Whirlpool Corp. and others.
LG holds majority of the market share in India refrigerator market.
Top freezer valued US$ 2,044.3 Mn in 2020 and is projected to grow to the value of US$ 3,428.9 Mn by 2027.
The advanced technologies include Artificial Intelligence (AI) and Internet of Things (IoT) for smart and interactive refrigerators that are energy efficient.
The online segment is projected to grow at highest CAGR of more than 9% during the forecast period.
The 200-499 Liter capacity dominated the market with around 63% share in 2020, with market valued at around US$ 2,547.1 Mn.
South India is projected to have maximum hold in 2020, with an estimated share of around 33% in India Refrigerator market by 2027.
Yes, report provides impact analysis of Covid-19 pandemic on market growth trend. Three different scenarios are described in report depending on how the regions responds to pandemic and its effects and subsequent recovery strategies.
Quality, price, affordability, brand, energy consumption, previous usage, recommendations, capacity, colors and others.