Freezers Global Market Report 2024-2030: Surge in Demand for Smart and Remote-Control Capabilities, Increased Focus on Eco-Friendly and Low GWP Refrigerants

Understand the significant growth trajectory of the Chest Freezers segment, which is expected to reach US$12.7 Billion by 2030 with a CAGR of a 5.7%. The Upright Freezers segment is also set to grow at 4.5% CAGR over the analysis period. Gain insights into the U.S. market, estimated at $4.3 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $4.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.


Dublin, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The "Freezers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Freezers was estimated at US$15.9 Billion in 2023 and is projected to reach US$22.5 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the freezer market is driven by several factors, including technological advancements in energy efficiency, the rising demand for frozen foods, and changing consumer preferences toward bulk purchasing and meal prepping. Innovations in compressor technology and insulation have led to energy-efficient models, which are especially popular in regions with high energy costs.

Consumer interest in health and convenience has led to increased demand for freezers suited for meal-prepping and long-term food storage, encouraging manufacturers to create larger and more flexible models. Additionally, environmental concerns and regulations on refrigerant use are pushing brands to adopt eco-friendly technologies, further supporting market growth. These factors collectively position the freezer market for continued expansion as it adapts to changing lifestyle and regulatory requirements.

How Are Technological Advancements Reshaping Freezers?

The freezer market is experiencing rapid transformation, primarily driven by technological advancements that enhance efficiency, storage capabilities, and energy consumption. Modern freezers now feature smart technologies, such as Wi-Fi connectivity, temperature monitoring apps, and energy-saving modes, appealing to tech-savvy consumers.

Improved insulation materials and better compressor designs are also enhancing energy efficiency, helping consumers reduce electricity consumption and cut down on utility bills. With innovations in compartmentalization and multi-zone temperature control, freezers can now store a broader range of food items with varying preservation requirements, enhancing both convenience and functionality.

Why Is Energy Efficiency Gaining Importance in Freezers?

Energy efficiency has become a primary concern in the freezer market, driven by both regulatory mandates and consumer awareness about sustainable energy use. Energy labels, particularly in Europe, have encouraged manufacturers to develop freezers that meet specific efficiency standards, and energy-saving features are now expected in new models.

Additionally, consumers are increasingly focused on long-term operational costs, favoring freezers that offer better insulation and require less electricity to maintain ideal temperatures. Some modern freezers incorporate eco-friendly refrigerants and compressor technology that contribute to lower greenhouse gas emissions, aligning with global sustainability goals and consumer preferences for environmentally friendly products.

What Role Do Changing Consumer Lifestyles Play?

As consumer lifestyles evolve, the demand for adaptable and versatile freezers has increased. The growing popularity of bulk purchasing, meal prepping, and frozen foods has boosted the need for larger, more efficient freezers capable of storing a variety of food items for longer periods. Compact and portable freezer models are also gaining popularity among younger consumers and city dwellers with limited space. Additionally, rising awareness around food safety and minimizing food waste has driven demand for freezers with advanced temperature controls and extended storage capabilities, which offer greater flexibility and convenience for consumers looking to manage their groceries effectively.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Freezers Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Freezers Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global Freezers Market such as AB Electrolux, Beverage-Air Corporation, Brandt France, BSH Household Appliances Manufacturing Pvt. Ltd., DAIHAN Scientific Co., Ltd. and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report AttributeDetails
No. of Pages283
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$15.9 Billion
Forecasted Market Value (USD) by 2030$22.5 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal



Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Freezers - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • Rising Demand for Frozen Foods and Increased Household Freezer Ownership
  • Expansion of Energy-Efficient Freezer Technologies in the Market
  • Growth in Commercial Freezer Use in Retail and Foodservice Sectors
  • Technological Advancements in Freezer Insulation and Compressor Efficiency
  • Increasing Demand for Compact and Space-Saving Freezers in Urban Areas
  • Surge in Demand for Freezers with Smart and Remote-Control Capabilities
  • Growth in Chest Freezer Popularity for Bulk Food Storage Needs
  • Increased Focus on Eco-Friendly and Low Global Warming Potential (GWP) Refrigerants
  • Rising Demand for Customizable Freezer Shelving and Organization Options
  • Expansion of Freezer Models for Specific Use Cases, Such as Medical and Laboratory
  • Growing Popularity of Convertible Freezer-to-Fridge Options for Versatility
  • Increased Adoption of Upright Freezers for Easy Access and Organization

FOCUS ON SELECT PLAYERS:Some of the 23 companies featured in this Global Freezers market report include

  • AB Electrolux
  • Beverage-Air Corporation
  • Brandt France
  • BSH Household Appliances Manufacturing Pvt. Ltd.
  • DAIHAN Scientific Co., Ltd.
  • Haier Group
  • Hengel Industrie
  • Hitachi Ltd.
  • LG Electronics Inc.
  • Liebherr Group
  • Panasonic Corporation
  • Thermo Fisher Scientific, Inc.
  • Whirlpool Corporation

For more information about this report visit https://www.researchandmarkets.com/r/de1n

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