Selbyville, Delaware, Dec. 23, 2019 (GLOBE NEWSWIRE) --
According to latest report “Smart Refrigerator Market by Type (Single Door, Double Door, French Door, Door-in-door, Side by Side), End-Use (Residential, Commercial), Sales Channel (Retail Channel, Online Channel), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of smart refrigerators will cross $7.5 billion by 2026. The growing demand for intelligent refrigerators in residences due to rising household disposable income in the North America and Asia Pacific regions.
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Some major findings of the smart refrigerator market report include:
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Increasing government & consumer initiatives related to energy-efficient appliances to reduce electricity usage are driving the smart refrigerator market demand across the globe. Smart fridges include smart sensors and power usage control technologies that limit the overall electricity consumption. Several governments across the globe are promoting the use of intelligent products to achieve digitization and smart home adoption at a rapid pace. The governments in Asia including China and India are promoting the development of the electronic manufacturing sector, supporting product availability at low costs. Under the Digital India campaign, the Government of India has been promoting the use of IoT & connectivity technologies further supporting the industry growth.
The online sales channel is expected to gain higher smart refrigerator market share from 2019 to 2026 owing to the high sales of electronic appliances through e-commerce websites and company online portals. Convenient payment, delivery, and installation services offered by these channels are compelling consumers to purchase from e-commerce companies. These portals have huge discounts and payment offers compared to retail stores, resulting in consumer attraction and purchase of major electric appliances online. The manufacturers and E-commerce companies are partnering to provide advanced offerings, faster delivery, and convenience. For instance, in February 2017, LG launched a smart refrigerator integrated with Amazon’s Alexa virtual assistant feature. The new product enables users to purchase groceries through Amazon Prime by speaking their orders to the appliance.
Browse key industry insights spread across 200 pages with 311 market data tables and 23 figures & charts from the report, “Smart Refrigerator Market Size 2019–2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-refrigerator-market
Table of Contents (ToC) of the report:
Chapter 3. Smart Refrigerator Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Software & technology providers
3.3.4. Distribution channel analysis
3.3.5. End-use landscape
3.3.6. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.7. Growth potential analysis
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis
3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)
3.10. PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/smart-refrigerator-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.