French Door Refrigerator Market Growth 2021-2026: Demand for Energy-Efficient French Door Refrigerators is Driving Market Growth - ResearchAndMarkets.com
The "French Door Refrigerator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The "French Door Refrigerator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global French Door Refrigerators market size was valued at USD 9,722 million in 2020 and is projected to reach USD 13,640 million by 2026, from , at a CAGR more than 5.5% during forecast period 2021-2026.
COVID-19 has disrupted the global supply chain of the major brands of French door refrigerators. China is the one of the largest consumers and producers of French door refrigerator products but also caters to a wide range of countries by exporting several input supplies that are essentially used to produce finished goods. Shut down of production in China has forced other French door refrigerator manufacturers based in the US and Europe to temporarily hold the production of the finished goods. This led to the increase in the supply and demand gap and the product market.
The availability of French door refrigerators in varying dimensions, advanced freezing technology, and attractive designs have led to these refrigerators gaining popularity across the globe. In developed as well as developing economies, presence of international as well as emerging players targeting their customers with cost-effective products integrated with the IoT (Internet of Things) technology is expected to fuel the demand for French door refrigerators in the next few years.
Major players operating in the French door refrigerator market are focused on the development of innovative refrigerators by opting for newer freezing technologies that offer key advantages in terms of improvement in food quality and meeting consumers' expectations. Emerging players in the market are focusing on collaborations with mega retailing channels and online platforms to increase the sale of their products. In addition, manufacturers of French door refrigerators are emphasizing the promotion of their refrigerators through celebrity endorsement. However, use of French door refrigerators powered by electric energy generated from fossil fuel is directly hampering the environment. Moreover, conventional refrigerators with advanced technologies can be a major substitute for French door refrigerators. These factors are projected to hinder the global French door refrigerator market.
Refrigerators have been an integral part of the majority of households for several decades. The focus on energy efficiency exerts a growing influence on the development of French door refrigeration appliances. The demand for energy-efficient and energy management devices (smart thermostat and smart lighting systems) has increased for efficient electricity consumption and reducing the electricity bills and can reduce carbon footprints.
The major benefit of energy-efficient French door refrigerators lies in the improved energy efficiency, which has socio-economic benefits in terms of increased energy security and environmental benefits, i.e. lower GHG emissions, and lower environmental impact of electricity generation. In addition, energy efficient refrigerators may lead to cost-savings for the consumer over the life-cycle of the appliance. The GHG emissions savings associated with energy efficiency improvements of refrigerators depend on the CO2 intensity of the electricity mix. The increasing awareness towards environment and eco-friendly products, the demand for the energy-efficient French Door Refrigerators is increasing.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.6 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Door Type
5.2 By Capacity
5.3 By End User
5.4 By Distribution Channel
5.5 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Haier
6.1.2 Whirlpool Corporation
6.1.3 Electrolux
6.1.4 Midea
6.1.5 Samsung
6.1.6 Bosch
6.1.7 LG
6.1.8 Meiling
6.1.9 Panasonic
6.1.10 Arcelik AS
6.1.11 Sharp
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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