Refrigerators - Eastern Asia
Eastern Asia- In 2024, the revenue in the Refrigerators market in Eastern Asia amounts to US$38.15bn.
- It is projected to grow annually by US$32bn (CAGR 2024-2029).
- When compared globally, China generates the highest revenue with US$32bn in 2024.
- In terms of per household revenues, US$66.35 is generated in 2024.
- By 2029, the volume in the Refrigerators market is expected to reach 63.0m pieces.
- However, there is a slight decline of 1.2% in volume growth projected for 2025.0.
- On average, each household is expected to have a volume of 0.10pieces in the Refrigerators market in 2024.
- In Eastern Asia, the demand for energy-efficient refrigerators has been on the rise, driven by government initiatives and increasing consumer awareness of environmental sustainability.
- Key regions:
- United States,
- Europe,
- Japan,
- United Kingdom,
- India
Definition: Refrigerators are electric appliances designed to preserve food items by cooling or maintaining their freshness. These appliances come in the form of cupboard-like structures and include fridge freezers, vapor compressor refrigerators, and integrated vapor compressor refrigerators, which are intended for domestic use.
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, and is regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Fridge freezers
- Vapor compressor refrigerators
- Integrated vapor compressor refrigerators
Out-Of-Scope
- Freezers
- Commercial appliances
- Non-electric appliances
