New York City, NY: Jun 20, 2019 – Published via (Wired Release) – Portable fridges are ideal for carrying in recreational vehicles (RVs), on cruise liners, leisure yachts, recreational fishing boats, commercial transport vehicles and premium passenger vehicles, and for medical applications such as transporting blood, donor organs, and vaccines etc.
According to report global portable fridges market was valued at US$ 2,792.8 Mn in 2016 and is projected to reach US$ 3,480.7 Mn in 2026 at a CAGR of 3.8% from 2017 to 2026.
According to the report, rising demand for convenient and compact refrigerators to carry food & beverages, medical supplies, pharmaceuticals, and other products that are required to be kept constantly cool or chilled, coupled with increasing use of portable fridges in the healthcare industry – due to ease of storing and transporting medicines – are some other key factors driving growth of the global portable fridges market. Design and color of portable fridges have become important factors that influence purchasing decision of customers. Customers currently purchase products that not only offer more functionality, but also focus on aesthetic appeal that suits their individual tastes.
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Global Portable Fridges Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global portable fridges market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global portable fridges market is expected to expand at a moderate CAGR of 3.8% during the forecast period.
Global Portable Fridges Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segments include compression portable fridges, absorption portable fridges, and thermoelectric portable fridges. Application segments include automotive, ship, office, home, and others. The regions and countries covered in the analysis are North America, Europe, China, Japan, Southeast Asia, and India.
By type: Compressor portable fridge segment is estimated to register a CAGR of over 3.5%, thereby accounting for highest revenue share among the type segments.
By application: Automotive portable fridge segment is estimated to account for highest revenue share among the application segments, registering a CAGR of over 4% over the forecast period.
By region: The market in North America accounted for highest revenue share in the global portable fridge market in 2016, and is expected to record highest CAGR of over 4.2% between 2017 and 2022.
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Global Portable Fridges Market: Competitive Analysis
The research report on the global portable fridges market includes detailed competitive analysis on major companies such as Arb Corporation Ltd., Dometic Group, Sawafuji Electric Co., Ltd., Living Direct, Inc., Whynter LLC, Newell Brands, Haier Inc., Indel B. s.p.a., Evakool, DP Refrigeration Ltd., Fridgefreeze Inc., and Gourmia.
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