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India Refrigerator Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

India Refrigerator Market: By Model Type (Mini Freezers, Top Freezer, Bottom Freezer, Side by Side, French Door and Merchandizers); Retail Format (Online, Offline); Capacity (<200 L, 200 – 499 L, 500 – 700 L, > 700 L); Technology (Smart, Conventional); End User (Residential, Commercial (HoReCa)); Region (North India, South India, West India and East India)—Industry Dynamics, Market Size, and Opportunity Forecast for 2023-2031

  • Published Date: Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0121026  | Delivery: 2 to 4 Hours
India Refrigerator Market

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Report AttributeDetails
Market Size Value in 2022US$ 4,602.6 Mn
Expected Revenue in 2031US$ 9,988.45 Mn
Historic Data2018-2022
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Model Type, Retail Format, Capacity, Technology, End-User, and Country
Key Companies                                                                   Blue Star Limited, Robert Bosch GmbH, Croma, Godrej Group, Tropicool India, Voltas, Inc., Electrolux AB, Samsung Electronics Co., Ltd., LG Electronics Inc., Whirlpool Corp., Liebherr-International Deutschland GmbH, Haier Group Corp., Panasonic Corp., Hitachi Ltd., Other Prominent Players 
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In 2022, the volume recorded in the India refrigerator market was more than 13,804 thousand units.

The India Refrigerator market in 2022 was valued US$ 4,602.6 Mn.

Report provides market size forecast for period 2023-2031, with market estimated to grow at compounded annual growth rate of 10.1% by value and 7.6% by volume.

The report provides market size estimates for the period of 2018-2031. Wherein, 2018-2022 is the historic period. 2022 is the base year, and 2023-2031 is the forecast period. 

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.
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 2022.

South India is projected to have maximum hold in 2022, with an estimated share of around 33% in India Refrigerator market by 2031.

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.