North America Smart Refrigerator Market to Grow at CAGR of 16% By 2026

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Smart Refrigerator Market to Cross 7.5bn By 2026
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Key Insights Smart Refrigerator Market

• In this era riddled with the requirement of smart
  appliances and electronics, the global smart
  refrigerator market is set to gain a massive
  momentum during 2019-2026. The integration of
  touch screen displays and provision of
  connectivity with the smartphone applications,
  voice assistants, and search engines have on a
  large scale enabled the consumers to carry out
  ample tasks whilst working with or around the
  fridges.

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Continued

• The introduction of new government initiatives
  and reinforcement of the already existing
  initiatives pertaining to the energy efficient
  appliances would drive the demand of smart
  refrigerators across the globe. This move would
  prompt the government and the consumers to ensure
  the reduced usage of electricity contributing in
  the market expansion. These governments are also
  focusing on the use of intelligent products
  worldwide with an intent of achieving smart home
  adoption and digitization at a rapid pace. As a
  matter of fact, the Digital India campaign lays
  huge emphasis on the use of IoT and the
  connectivity technologies.
• For any market to reach significant heights, the
  distribution and sales channels play a vital role
  and in this era of digitization, the online sales
  channel for smart refrigerator industry is
  expected to garner phenomenal gains over the
  stipulated time period. This is attributable to
  the burgeoning sales of electronic appliances
  through vivid e-commerce platforms and company
  online portals.

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Major Companies Smart Refrigerators Market

• Aucma
• BSH Hausgeräte GmbH
• Danby Appliances Inc.
• Dongbu Daewoo Electronics
• Electrolux AB
• Frigidaire
• Haier Group Corporation

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Regional Smart Refrigerators Market

• The rising demand for intelligent refrigerators
  across the high standard residences in the APAC
  and North America regions is likely to stimulate
  smart refrigerator market dynamics over the
  forecast period. On these grounds, an upsurge in
  the manufacturing activities and a robust
  presence of well established brands in the Asian
  countries are contributing to the high product
  sales and a feasibility of low-cost options. In
  essence, China, owing to the significant adoption
  of the product, is estimated to emerge out as a
  region leader in the due course of time.

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