APAC Refrigerator Market to Grow at Decent Pace through 2024
Technological advancements
and increasing disposable income to drive APAC refrigerators market through
2024
According to a report
published by TechSci Research on “APAC
Refrigerators Market By Capacity, By Refrigerator Door Type, By Freezer
Location, By Country, Competition, Forecast & Opportunities, 2024”, APAC refrigerator market
is anticipated to witness steady growth during the forecast period on account
of rising use of eco-friendly and energy-efficient technologies in
refrigerators. Top mounted freezer is the
most widely adopted types of refrigerators for household applications. The
segment accounted for about half of the overall APAC refrigerators market in
2018. Freezer less type is often less preferred as it is used for storage of
beverages only. For storage and preservation of food and food products, either
of the top mounted freezer or bottom mounted are
used. The two segments are anticipated to exhibit healthy growth rates during
the forecast period.
Browse market data Tables and Figures
spread through 110 Pages and an in-depth TOC on " APAC Refrigerators Market "
https://www.techsciresearch.com/report/apac-refrigerators-market/4062.html
Owing to the
presence of numerous global and regional players, APAC refrigerator market appears
to be highly fragmented. The market is currently dominated by global players
such as Samsung Electronics and LG Electronics, that are focusing on expanding
their footprint across the world, especially in the developing countries in
APAC. As a result, regional players find it difficult to compete in the market,
particularly based on the factors such as product quality, technology, and
pricing. An increase in product/service extensions and technological
innovations will intensify the level of competition in the market. International
players are also anticipated to grow inorganically during the forecast period
by acquiring regional or local vendors.
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“APAC refrigerator market is expected
to witness a positive growth landscape over the course of next five years. The
market for refrigerators in the APAC is growing owing to technological
advancements in the industry in the region. Additionally, with the invention of
smart refrigerators and increasing disposable income of the consumers, APAC
refrigerator market is further expected to gain a significant boost in the
region during forecast period.” said, Mr. Karan Chechi, Research Director with
TechSci Research, a research based APAC management consulting firm.
“APAC Refrigerators
Market By Capacity, By Refrigerator Door Type, By Freezer Location, By
Country, Competition, Forecast & Opportunities, 2024” has evaluated the future
growth potential of the APAC refrigerator market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in APAC
refrigerator market.
About TechSci Research
TechSci Research is a leading
APAC market research firm publishing premium market research reports. Serving
700 APAC clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking APAC and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
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