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Refrigerator Market in India 2021

Refrigerator Market in India 2021

Market insights:

The consumer goods market in India is one of the largest in the world. According to a World Economic Forum report published in 2019, it is expected to become the third-largest consumer market by 2025, after the US and China. The demand for refrigerator is likely to pick up in the coming years, especially in rural areas, as the government plans to invest heavily in rural electrification

Increase in disposable income and easy financing schemes have boosted the sale of refrigerators, propelling market growth. Rapid urbanization and changes in lifestyle have influenced consumers to buy smart refrigerators. A majority of the sale is generated through the urban cohort. Production of refrigerators for domestic use increased from 23 lakh in Q3 FY 2020 to 28.1 lakh in Q3 FY 2021, with a 22% year-on-year growth.

Market Influencers:
Technology has advanced so much in recent years that customers can now use refrigerators even during power cuts. They can check what is inside the fridge without opening the door, convert the freezer into a refrigerator unit, control temperature, and change modes. This has made consumers interested in refrigerators
The government has imposed some rules on manufacturing companies for energy consumption labels (star labeling) and use of Hydrofluorocarbon (HFC) refrigerants instead of Hydro-chloro-fluoro Carbon (HCFC).

Impact of COVID-19:
Manufacturing industries faced a shortage of raw materials and components required to produce refrigerators, during the initial phase of the lockdown. This was because of the restrictions imposed on exports from China. Laborers migrating to their hometowns during the lockdown disrupted the supply chain. Therefore, the lack of manpower impacted the transportation of consumer goods.
Despite, a serious economic plunge, the domestic refrigerator Market has adopted new strategies and development skills to recover.

Competitive insights:
The presence of several players across the globe makes the market fragmented. Manufacturers are focused on developing energy-efficient products and engaged in promotional activities to attract consumers and gain a strong foothold. Although, company are focusing on developing spacious and customizable interior and usage of LED bulbs for brighter lighting which can save energy.
Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure
3.2. Major global players using AI-based manufacturing process

Chapter 4: AI Market in India – An Overview
4.1. India artificial intelligence market overview
4.1.1. AI market size and growth forecast: Contribution of AI to GVA

Chapter 5: AI in the Manufacturing Industry – An Overview
5.1. Manufacturing industry in India – An overview
5.2. AI in the manufacturing industry – An overview
5.2.1. Market size and growth forecast of AI in manufacturing: Contribution of AI in manufacturing to GVA


Chapter 6: Application of AI in manufacturing
6.1. Major applications
6.2. Sector-wise applications

Chapter 7: Use cases of AI in the manufacturing industry
7.1. Use cases of AI in the manufacturing industry

Chapter 8: Case studies
8.1. Case study – Blue Star Ltd.
8.2. Case study – TVS Motor Company Ltd.
8.3. Case study – JK Tyre & Industries Ltd.
8.4. Case study – Bajaj Auto Ltd.
8.5. Case study – Asian Paints Ltd.

Chapter 9: Impact of COVID-19
9.1. Impact of COVID-19

Chapter 10: Market influencers
10.1. Market drivers
10.2. Market challenges
Chapter 11: Competitive landscape
11.1. Abee Research Labs Pvt. Ltd.01
11.1.1. Company information
11.1.2. Business description
11.1.3. Products/services
11.1.4. Key people
Note: Similar information has been covered for other companies
11.2. EroNkan Technologies Pvt. Ltd.
11.3. Flutura Business Solutions Pvt. Ltd.
11.4. LivNSense Technologies Pvt. Ltd.
11.5. Universal Robots (India) Pvt. Ltd.
11.6. Altizon Systems Pvt. Ltd.
11.7. IBM India Pvt. Ltd.

Chapter 12: Recent Developments
12.1. Recent developments
Chapter 13: Appendix
13.1. Research methodology
13.2. About Netscribes
13.3. Disclaimer
Companies profiled

Companies profiled
•Abee Research Labs Pvt. Ltd.
•EroNkan Technologies Pvt. Ltd.
•Flutura Business Solutions Pvt. Ltd.
•LivNSense Technologies Pvt. Ltd.
•Universal Robots (India) Pvt. Ltd.
•Altizon Systems Pvt. Ltd.
•IBM India Pvt. Ltd.

Report Title: Refrigerator Market in India 2021


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