India Refrigeration Appliances Market Analysis for 2022-2028

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India Refrigeration Appliances Market Analysis
for 2022-2028
Triton Market Research presents the India
Refrigeration Appliances Market report segmented
by Distribution Channel (E-commerce, Home and
Garden Specialist Retailers, Electronics and
Appliance Specialists, Other Distribution
Channels) and by Category (Fridges, Fridge
Freezers), discussing Market Summary (Definition,
Size Forecast, Driving Aspects, Restraining
Aspects), Industry Outlook (Impact of COVID-19,
Brand Share Analysis, Market Share Analysis,
PESTLE Analysis, Key Buying Criteria, Value Chain
Analysis), Competitive Landscape, Research
Methodology Scope, and Market Analysis
(2022-2028). Triton Market Research, in its
report on the India Refrigeration Appliances
Market, has stated that the market is likely to
evolve at a CAGR of 6.52 (by revenue) over the
forecasting duration from 2022 to 2028. Also, as
per category, the market is expected to grow at a
CAGR of 2.25 (by volume) in this
period. Request Free Sample Report https//www.
tritonmarketresearch.com/reports/india-refrigerati
on-appliances- marketrequest-free-sample Manufa
cturers across the country have developed and
launched technologically advanced and innovative
refrigeration appliances. For example, the Godrej
Eon Valor and Godrej Eon Alpha refrigerators by
Godrej offer up to 60 higher preservation. This
is a key factor expected to contribute to the
growth of the refrigeration appliances market in
India. However, the high cost of refrigeration
appliances is one of the major factors expected
to hinder the growth of the refrigeration
appliances market in India during the forecast
period. The growing disposable income has
increased consumer desire to spend on expensive
refrigeration equipment. Additionally, the number
of people using mobile internet is expected to
surge further, supporting the use of appliances
that can be linked with mobile app functionality.
These factors are expected to strengthen the
demand for connected refrigeration appliances in
India, which, in turn, is likely to positively
impact the countrys market growth over the
forecasted period.
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LG Corporation, Samsung Electronics Co Ltd, Haier
Group Corporation, Whirlpool Corporation, and
Panasonic Corporation are some of the notable
players in this market. With Samsung Electronics
Co Ltd and LG Corporation jointly accounting for
around 50 of the volume sales, the market in the
country is highly competitive. Both these top
players are focused on introducing premium
appliances in India and have a strong presence
across all categories. Whereas, the shares of all
other market players are significantly
lower. Contact Us sales_at_tritonmarketresearch.com
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