DUBLIN, September 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Inverter Technology Refrigerators Market 2016-2020" report to their offering.
The global inverter technology refrigerators market is forecast to grow at a CAGR of 11.44% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: one of the key trends for market growth will be inverter refrigerators showcasing green trend. Household appliances account for around 35% of the total power consumed in a household.
This fact is leading many consumers to purchase new, energy-efficient refrigerators, and other major appliances. Moreover, as refrigerators mostly run 24 hours in a day and almost throughout the year, they consume the highest amount of electricity. Inverter technology has been able to reduce this high energy consumption by avoiding sudden inrush of current, which is typical of convention on-off mechanism refrigerators. Manufacturers are also focusing on eco-friendly refrigerants.
The new refrigerants used such as isobutane lower the impact on global warming and has nearly zero potential in causing ozone depletion. Manufacturers are also showcasing green trend through choices of materials used in the refrigerator such as toughened glass over plastic shelves.
According to the report, one of the key drivers for market growth will be innovative inverter technology creating opportunity for upgrade purchase. Noise-free, energy efficiency and superior performance along with style, sleeker design, and additional range of features such as two door refrigerator with separate frost-free chiller compartment, and sliding shelves, support the market's growth by increasing upgrade purchases.
As refrigerators are an essential and commoditized appliance (globally, an average of 85% households have at least one refrigerator), technology advancement and innovative features and designs, motivate consumers to upgrade their older models with newer ones.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- LG Electronics
- Samsung Electronics
- Mitsubishi Electric
- Robert Bosch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by retail distribution channels
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/79n5lt/global_inverter
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets