Market by Category and Distribution Channel | Forecast 2022-2028
As per Triton’s research report, the market for refrigeration appliances in Indonesia is anticipated to surge at a CAGR of 5.57% (in terms of revenue) during the forecast period 2022-2028. The market was valued at $1078.42 million in 2021 and is expected to rise to a revenue of about $1582.75 million by 2028.
In terms of volume, the
Indonesia refrigeration appliances market by
category is anticipated to rise with a CAGR
of 3.81% during the forecast period 2022-2028.
The market totaled 4822.00 thousand
units in 2021 and is expected to reach 6277.54
thousand units by 2028.
Refrigeration
appliances refer to cooling systems or equipment used for freezing or chilling,
usually for preservative purposes. These appliances are also used to store food
as it stays fresh for a long time in cold temperatures. The major aim of
refrigeration is to limit the activity of germs in food and prevent food
spoilage.
Some
key factors driving the Indonesia refrigeration appliances market include new
product developments and launches by the market players, the increasing number
of middle-income consumers, and the popularity of freestanding freezers. In 2021, there were significant product
developments and launches by the manufacturers in the market. For instance, GT
Scien launched the ultimate vaccine refrigerator to maintain, manage, and
control vaccines in good and safe condition. It is a part of the smart
refrigerator, which is made specifically for hospitals and healthcare
facilities to help them function quickly, effectively, and efficiently when
dispensing vaccinations to the general public. The smart refrigerator is
designed to manage and control the vaccine lifecycle.
Additionally, GC-L22FTQBL, a multi-door
refrigerator with a UV Nano water dispenser, was unveiled by the South Korean
electronics manufacturer LG. Hence, such developments by the market players are
expected to further promote the demand as well as the adoption of refrigeration
appliances across the country.
However, factors such as negative trade balance and dependence of Indonesian manufacturers on imports is likely to hamper the market growth in the forecast years. According to a survey by the International Labor Organization, only 80 out of 510 SMEs in the country that manufacture electrical equipment, deal with international companies. Also, due to the lack of robust indigenous production capabilities and a weak domestic component provider industry, manufacturers in Indonesia heavily depend on imports of parts, components, and other inputs, further contributing to the overall negative trade balance in the nation. The aforementioned factors are expected to hamper the market growth in the country during the forecast period.
Besides, due to the absence of a strong domestic component sector, Indonesia lags behind its neighbors in terms of global supply chain integration, which negatively affects the market's performance at a global level.
The
prominent players in the Indonesia refrigeration appliances market include
Sharp Corporation, LG Corporation, Panasonic Corporation, Samsung Electronics
Co. Ltd, and Toshiba Corporation.
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VIEW REPORT1. INDONESIA
REFRIGERATION APPLIANCES MARKET - SUMMARY
1.1. MARKET
DEFINITION
1.2. MARKET
SIZE & FORECASTS
1.3. MARKET
DRIVERS
1.4. MARKET
CHALLENGES
1.5. KEY
PLAYERS
2. INDONESIA
REFRIGERATION APPLIANCES MARKET OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE INDONESIA REFRIGERATION APPLIANCES MARKET
2.2. MARKET
SHARE ANALYSIS
2.3. BRAND
SHARE ANALYSIS
2.4. PESTLE
ANALYSIS
2.5. KEY
BUYING CRITERIA
2.6. VALUE
CHAIN ANALYSIS FOR THE REFRIGERATION APPLIANCES MARKET
3. INDONESIA
REFRIGERATION APPLIANCES MARKET – BY CATEGORY (VALUE IN $ MILLION & VOLUME
IN THOUSAND UNITS)
3.1. FREEZERS
3.2. FRIDGE
FREEZERS
3.3. FRIDGES
3.4. ELECTRIC
WINE COOLERS/CHILLERS
4. INDONESIA
REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (VALUE IN $ MILLION)
4.1. HYPERMARKETS
4.2. ELECTRONICS
AND APPLIANCE SPECIALISTS
4.3. E-COMMERCE
4.4. OTHER
DISTRIBUTION CHANNELS
5. COMPETITIVE
LANDSCAPE
5.1. SAMSUNG
ELECTRONICS CO LTD
5.2. PANASONIC CORPORATION
5.3. TOSHIBA
CORPORATION
5.4. LG CORPORATION
5.5. SHARP CORPORATION
6. METHODOLOGY
& SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE 1: INDONESIA
REFRIGERATION APPLIANCES MARKET 2022-2028 (IN $ MILLION)
TABLE 2: REFRIGERATION
APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)
TABLE 3: INDONESIA – COUNTRY
SNAPSHOT
TABLE 4: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN $ MILLION)
TABLE 5: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN THOUSAND UNITS)
TABLE 6: INDONESIA REFRIGERATION
APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 1: REFRIGERATION
APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 2: KEY BUYING CRITERIA
FIGURE 3: VALUE CHAIN ANALYSIS
FOR THE REFRIGERATION APPLIANCES MARKET
FIGURE 4: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2021 & 2028 (IN %)
FIGURE 5: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN $ MILLION)
FIGURE 6: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN THOUSAND UNITS)
FIGURE 7: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN $ MILLION)
FIGURE 8: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN THOUSAND
UNITS)
FIGURE 9: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN $ MILLION)
FIGURE 10: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN THOUSAND UNITS)
FIGURE 11: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS, 2022-2028
(IN $ MILLION)
FIGURE 12: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS, 2022-2028
(IN THOUSAND UNITS)
FIGURE 13: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN
%)
FIGURE 14: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY HYPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE 15: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY ELECTRONICS AND APPLIANCE SPECIALISTS, 2022-2028
(IN $ MILLION)
FIGURE 16: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY E-COMMERCE, 2022-2028 (IN $ MILLION)
FIGURE 17: INDONESIA
REFRIGERATION APPLIANCES MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2028 (IN
$ MILLION)