UNITED STATES REFRIGERATION APPLIANCES MARKET 2022-2028

Consumer Goods & Services | Consumer Electronics

UNITED STATES REFRIGERATION APPLIANCES MARKET 2022-2028

Market by Category and Distribution Channel | Forecast 2022-2028

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In terms of revenue, the United States refrigeration appliances market is anticipated to rise with a CAGR of 8.45% during the forecast years between 2022 and 2028. The market was valued at $25826.3 million in 2021 and is expected to rise to a revenue of about $46935.5 million by 2028.

In terms of volume, the United States refrigeration appliances market by category is anticipated to rise with a CAGR of 5.11% during the forecast years between 2022 and 2028. The market totaled 17636.30 thousand units in 2021 and is expected to reach 25246.00 thousand units by 2028.

Appliances for freezing or chilling that are typically utilized for preservation are referred to as refrigeration systems or equipment. Food remains fresh for longer periods in frigid temperatures. In order to prevent food spoilage, it is important to control the activity of the germs present in food, and this can be managed by refrigeration.

A key driver of the United States refrigeration appliances market is the strong consumer demand for premium refrigerators. Numerous homes are upgrading their big kitchen appliances as a result of rising consumer demand and the rise of remote employment. Market players are also launching a range of technologically advanced products in refrigeration appliances. For instance, in 2022, Equator Advanced Appliances introduced the GC 43 SL Gourmet Center, which offers an opulent, refined solution for food and beverage storage. Hence, such developments by the market players are expected to further promote the demand as well as the adoption of advanced refrigeration appliances across the country.

However, users are not always convinced of the value of smart technology, and this is likely to hamper the growth of the refrigeration appliances market in the United States during the forecast period. While there is a high demand for technologically advanced products, innovations in refrigeration appliances, such as double-door technology that shows a fridge’s contents after two knocks on the door, have not been successful in luring and attracting local customers.

A system that alerts users when food is approaching its expiration date is another innovation that has potential but falls short of its potential because the consumer must manually enter every item they purchase before the system can track each item’s expiration. Hence, future innovations must genuinely demonstrate their worth to buyers, rather than just being a novelty. The failure of certain technologies and features to gain user attention is expected to restrict the market growth during the forecast period.

Triton Market Research’s report provides in-depth insight into the United States’ refrigeration appliances market, along with segmentation analysis. The detailed analysis of the market includes PESTLE analysis, competitive landscape, key buying criteria, market share analysis, brand share analysis, and value chain analysis. The segmentation analysis of the United States refrigeration appliances market includes the market by category and distribution channel.

The key players in the United States refrigeration appliances market are Whirlpool Corporation, Samsung Electronics Co Ltd, Haier Group Corporation, LG Electronics, and Electrolux AB.

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Table of Content

1. UNITED STATES REFRIGERATION APPLIANCES MARKET – SUMMARY

1.1. MARKET DEFINITION

1.2. MARKET SIZE & FORECASTS

1.3. MARKET DRIVING ASPECTS

1.4. MARKET RESTRAINING ASPECTS

1.5. KEY PLAYERS

2. UNITED STATES REFRIGERATION APPLIANCES MARKET OUTLOOK

2.1. IMPACT OF COVID-19 ON THE UNITED STATES 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

3. UNITED STATES REFRIGERATION APPLIANCES MARKET – BY CATEGORY (VALUE IN $ MILLION & VOLUME IN THOUSAND UNITS)

3.1. ELECTRIC WINE COOLERS/CHILLERS

3.2. FREEZERS

3.3. FRIDGE FREEZERS

3.4. FRIDGES

4. UNITED STATES REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (VALUE IN $ MILLION)

4.1. ELECTRONICS AND APPLIANCE SPECIALIST RETAILERS

4.2. HOME AND GARDEN SPECIALIST RETAILERS

4.3. E-COMMERCE

4.4. OTHER DISTRIBUTION CHANNELS

5. COMPETITIVE LANDSCAPE

5.1. SAMSUNG ELECTRONICS CO LTD

5.2. WHIRLPOOL CORPORATION

5.3. LG ELECTRONICS

5.4. HAIER GROUP CORPORATION

5.5. ELECTROLUX AB

6. METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: UNITED STATES REFRIGERATION APPLIANCES MARKET 2022-2028 (IN $ MILLION)

TABLE 2: REFRIGERATION APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

TABLE 3: UNITED STATES – COUNTRY SNAPSHOT

TABLE 4: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN $ MILLION)

TABLE 5: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN THOUSAND UNITS)

TABLE 6: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: REFRIGERATION APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 2: KEY BUYING CRITERIA

FIGURE 3: VALUE CHAIN ANALYSIS

FIGURE 4: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2021 & 2028 (IN %)

FIGURE 5: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS, 2022-2028 (IN $ MILLION)

FIGURE 6: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS, 2022-2028 (IN THOUSAND UNITS)

FIGURE 7: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN $ MILLION)

FIGURE 8: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN THOUSAND UNITS)

FIGURE 9: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN $ MILLION)

FIGURE 10: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN THOUSAND UNITS)

FIGURE 11: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN $ MILLION)

FIGURE 12: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN THOUSAND UNITS)

FIGURE 13: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)

FIGURE 14: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRONICS AND APPLIANCE SPECIALIST, 2022-2028 (IN $ MILLION)

FIGURE 15: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY HOME AND GARDEN SPECIALIST RETAILERS, 2022-2028 (IN $ MILLION)

FIGURE 16: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY E-COMMERCE, 2022-2028 (IN $ MILLION)

FIGURE 17: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2028 (IN $ MILLION)

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