Refrigerators - G7
G7- In 2024, the revenue in the Refrigerators market in G7 amounted to US$20.78bn.
- It is projected to experience an annual growth rate of 1.75% (CAGR 2024-2029).
- China generates the highest revenue in this market segment, with US$32bn in 2024.
- When considering the total number of households, the per household revenue in 2024 is US$63.82.
- By 2029, the volume in the Refrigerators market is expected to reach 32.8m pieces units.
- However, there will be a slight volume decline of 0.3% in 2025.0.
- The average volume per household in the Refrigerators market is anticipated to be 0.10pieces units in 2024.
- In G7 countries, there is a growing trend towards energy-efficient refrigerators as consumers prioritize sustainability and cost-saving measures.
- 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
