Household refrigerators and freezers market share to reach $78.22 billion by 2025, according to a new research report by Global Market Insights, Inc. Shifting trends towards the energy efficient as well as eco-friendly products will drive household refrigerators and freezers market over the coming eight years.
Microprocessor-based electronics in refrigerators and freezers allow better control.
August 1, 2017
Refrigerators, freezers, and wine coolers are among any household’s major energy consumers. In fact, according to the U.S. Energy Information Administration’s Residential Energy Consumption Survey, the refrigerator is the second-largest user of electricity (13.7%), right behind the air conditioner (14.1%).