Dublin, Jan. 23, 2026 (GLOBE NEWSWIRE) -- The "Household Refrigerators and Freezers - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering. The market is segmented by Type, Capacity, Distribution Channel, and Geography. Forecasts are provided in value (USD).
The household refrigerators and freezers market is anticipated to reach USD 145.84 billion by 2026, expanding from USD 140.99 billion in 2025. Projections for 2031 estimate a market size of USD 172.69 billion, with a 3.44% CAGR expected from 2026 to 2031.
Energy-efficiency mandates in North America and the European Union, the shift from high-GWP refrigerants, and urbanization in Asia are driving this steady growth. Smart, connected models and natural refrigerants like R600a and R290 are on the rise, influenced by kitchen renovations in developed regions. Conversely, semiconductor shortages are creating production delays, while high electricity prices in developing nations curb replacement demand. Manufacturers are enhancing component sourcing, regional manufacturing, and R&D, particularly for AI-driven food-management features, spurring innovation and incremental value growth.
Energy-Efficiency Regulations
Mandatory efficiency enhancements are propelling replacement cycles in mature markets. The U.S. Department of Energy's new refrigerator standards set for 2029 and 2030 require significant energy usage reductions, while the EU's F-Gas Regulation demands a shift to isobutane or propane systems by 2026. GE Appliances transitioned to R600a by 2024, achieving 10% efficiency improvements.
Rising Disposable Income in Emerging Asia
The demand in emerging Asian markets is bolstered by middle-class growth and urbanization. India's refrigerant market, tied to appliance adoption, expects a 6-8% CAGR in the next five years. China's subsidy programs have bolstered local manufacturers like Haier. Regulatory compliance, such as India's HFC phase-down requirements starting in 2024, presents opportunities for firms like Refex Industries.
Semiconductor Supply Volatility
Ongoing chip shortages extend production timelines for premium brands. The impact is widespread due to the significance of semiconductors in modern systems. Supply chain diversification efforts by Chinese manufacturers like Haier and Midea aim to mitigate risks.
Other drivers and restraints analyzed in the report include:
- Urban Housing Growth & Kitchen Renovations
- Omnichannel Retail Expansion
- High Electricity Tariffs
Segment Analysis
Top-freezer models constituted 42.79% of the market share in 2025, valued for their affordability and compact design. However, French-door models are estimated to grow at 8.37% CAGR by 2031, driven by their spacious interiors and advanced features. Samsung's Bespoke AI models are notable for integrating advanced technology. Innovation is also focusing on reducing wall thickness, exemplified by Whirlpool's SlimTech insulation.
Increased connectivity and antimicrobial features are secondary trends. LG's door-in-door panels reduce energy consumption, while multi-door designs meet consumer demand for compartmentalized layouts.
Geography Analysis
North America led with a 31.05% market share in 2025, supported by demand for smart features. Samsung and LG have focused on the U.S. market, achieving notable growth. Despite a slower 3.74% CAGR, the region remains a significant profit area. APAC is the fastest-growing region with a 6.32% CAGR, emphasizing urbanization and local production.
Europe shows moderate growth at a 2.84% CAGR due to economic and regulatory challenges. The F-gas Regulation necessitates significant industry adjustments. The Middle East & Africa region forecasts notable growth driven by localized production investments.
Key Topics Covered:
- 1 Introduction
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
- 2 Research Methodology
- 3 Executive Summary
- 4 Market Landscape
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value / Supply-Chain Analysis
- 4.5 Regulatory Landscape
- 4.6 Technological Outlook
- 4.7 Porter's Five Forces
- 5 Market Size & Growth Forecasts
- 5.1 By Type
- 5.2 By Capacity
- 5.3 By Distribution Channel
- 5.4 By Geography
- 6 Competitive Landscape
- 6.1 Market Concentration
- 6.2 Strategic Moves
- 6.3 Market Share Analysis
- 6.4 Company Profiles
- 7 Market Opportunities & Future Outlook
- 7.1 Connected-Home Interoperability Platforms
- 7.2 Circular-Economy Certified Refurbishment Programs
A selection of companies mentioned in this report includes, but is not limited to:
- Whirlpool Corp.
- Haier Smart Home Co.
- LG Electronics Inc.
- Samsung Electronics Co.
- Electrolux AB
- Panasonic Corp.
- Bosch-Siemens Hausgerate GmbH
- Midea Group
- Hisense Co.
- Hitachi Global Life Solutions
- GE Appliances (Haier)
- Liebherr-Hausgerate
- Sub-Zero Group
- Arcelik A.S. (Beko, Grundig)
- Godrej Appliances
- Sharp Corp.
- TCL Technology
- P.C. Richard & Son (private label)
- Glen Dimplex (Home Appliances)
For more information about this report visit https://www.researchandmarkets.com/r/mmu2av
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