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Australia Smart Refrigerator Market Size, Share, Analysis: By Type: Double Door Refrigerators, French Door Refrigerators, Side-by-side Refrigerators, Bottom Freezer Refrigerators, Single Door Refrigerators; By Technology: Bluetooth, Others; By End User; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Australia Smart Refrigerator Market Outlook
The Australia smart refrigerator market size is projected to grow at a CAGR of 8.6% between 2024 and 2032.
Key Takeaways:
- According to the Australian Bureau of Statistics, in 2020-21, digital activity value in Australia grew by 7.8% ($8.6 billion), exceeding the 4.8% of the total economic growth. This surge fuelled the smart refrigerator market expansion, particularly through increased online sales.
- According to the Australian Bureau of Statistics, Australia's retail trade witnessed a 1.1% growth in 2023 compared to the previous year, reaching a total of USD 35,736 million in January 2024.
- In 2023, TCL bolstered its presence in Australia's home appliance market by introducing the French Door fridge, equipped with an inverter compressor, fresh food zone, and adjustable shelves.
Double-door refrigerators are typically more cost-effective, appealing to budget-conscious consumers seeking spacious refrigeration options without the added expense, thus, boosting the Australia smart refrigerator market growth
Double door refrigerators provide affordability, ample compartments for simple arrangement, energy efficiency through inverter technology, expanded freezer storage for bulk items, and a range of sizes suitable for compact kitchens.
French door refrigerators feature improved access with twin narrow doors, spacious fridge areas for larger items, enhanced energy efficiency, contemporary designs, and customizable storage for diverse organizational needs.
LG unveiled the LG InstaView refrigerator with MoodUP for the Australian market, which debuted in the summer. The fridge featured LED panels for door colour changes via an app, a built-in Bluetooth speaker, and the InstaView feature for peeking inside without opening the door.
Market Segmentation
Australia Smart Refrigerator Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Double Door Refrigerators
- French Door Refrigerators
- Side-by-side Refrigerators
- Bottom Freezer Refrigerators
- Single Door Refrigerators
Market Breakup by Technology
- Bluetooth
- Wi-Fi
- Touchscreen
- Cellular Technology
- ZigBee
- Radio Frequency Identification (RFID)
Market Breakup by End Use
- Commercial
- Residential
Market Breakup by Distribution Channel
- Exclusive Stores
- Multibrand Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia smart refrigerator market key players are Electrolux Home Products Pty. Limited, Fisher & Paykel Australia Pty Limited, Arisit Pty Limited, Samsung Electronics Australia Pty Limited, and BSH Home Appliances Pty Ltd among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
|
| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Smart Refrigerator Market Overview
8.1 Key Industry Highlights
8.2 Australia Smart Refrigerator Historical Market (2018-2023)
8.3 Australia Smart Refrigerator Market Forecast (2024-2032)
9 Australia Smart Refrigerator Market by Type
9.1 Double Door Refrigerators
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 French Door Refrigerators
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Side-by-side Refrigerators
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Bottom Freezer Refrigerators
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Single Door Refrigerators
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 Australia Smart Refrigerator Market by Technology
10.1 Bluetooth
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wi-Fi
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Touchscreen
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Cellular Technology
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 ZigBee
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Radio Frequency Identification (RFID)
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
11 Australia Smart Refrigerator Market by End User
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Smart Refrigerator Market by Distribution Channel
12.1 Exclusive Stores
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Multi-Brand Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Australia Smart Refrigerator Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Electrolux Home Products Pty.Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Fisher & Paykel Australia Pty Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Arisit Pty Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Samsung Electronics Australia Pty Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BSH Home Appliances Pty Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Smart Refrigerator Market: Key Industry Highlights, 2018 and 2032
2. Australia Smart Refrigerator Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Smart Refrigerator Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Smart Refrigerator Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Australia Smart Refrigerator Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Australia Smart Refrigerator Historical Market: Breakup by End User (USD Million), 2018-2023
7. Australia Smart Refrigerator Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Australia Smart Refrigerator Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Australia Smart Refrigerator Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Australia Smart Refrigerator Historical Market: Breakup by Region (USD Million), 2018-2023
11. Australia Smart Refrigerator Market Forecast: Breakup by Region (USD Million), 2024-2032
12. Australia Smart Refrigerator Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.6% between 2024 and 2032.
The smart refrigerator market is categorised according to types, which include double-door refrigerators, French-door refrigerators, side-by-side refrigerators, bottom-freezer refrigerators, and single-door refrigerators.
The key players are Electrolux Home Products Pty. Limited, Fisher & Paykel Australia Pty Limited, Arisit Pty Limited, Samsung Electronics Australia Pty Limited, and BSH Home Appliances Pty Ltd among others.
Based on the smart refrigerator, the market is divided into residential and commercial.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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