(Companies: Daihan Scientific, ThermoFisher Scientific, Haier Group Corporation, AB Electrolux, Hitachi Ltd, LG Electronics, Liebherr Group, Siemens Home Appliances, Brandt, Beverage-Air Corporation)
The global home freezers market was worth $9.6 billion in 2019.
The home freezers market consists of sales of home freezers. A freezer is a larger container where temperature is maintained below the freezing point for storing the food inside for longer periods. The freezers market covered in this report is segmented by product into chest freezer, upright freezer and others, by application into residential, commercial and industrial, by type of door into 1 door, 2 door, 3 door and 4 door, and by capacity into 200 & below, 200-300, 300-500, and 500 & above.
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The global home freezers market is expected to grow at a rate of 3.46% and reach $11 billion by 2023. The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as 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. The huge market for processed food products is expected to drive the freezers market.
However, intense pricing pressure on manufacturers is restraining the growth of the freezers market.
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 are 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 market are Daihan Scientific, ThermoFisher Scientific, Haier Group Corporation, AB Electrolux, Hitachi Ltd, LG Electronics, Liebherr Group, Siemens Home Appliances, Brandt, Beverage-Air Corporation.
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Haier Group Corporation is a multinational home appliances and consumer electronics company headquartered in Qingdao, China. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, microwave ovens, mobile phones, computers, and televisions.
Few Points From Table Of Contents:
1. Executive Summary
2. Home Freezers Market Characteristics
3. Home Freezers Market Size And Growth
3.1. Global Freezers Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Freezers Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Home Freezers Market Segmentation
4.1. Global Home Freezers Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Chest Freezer
Upright Freezer
Others
4.2. Global Home Freezers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Residential
Commercial
Industrial
4.3. Global Home Freezers Market, Segmentation By Type Of Door, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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