PUBLISHER: Orion Market Research | PRODUCT CODE: 1826597
PUBLISHER: Orion Market Research | PRODUCT CODE: 1826597
US Refrigerator Market Size, Share & Trends Analysis Report by Material Type (Plastic, Paper & Paperboard, Glass, Metal and Others), by Packaging Type (Flexible Packaging, Rigid Packaging, and Semi-Rigid Packaging), and by End-User (Food & Beverage, Pharmaceutical & Healthcare, Industrial, Cosmetics and Personal Care, Electronics and Other), Forecast Period (2025-2035)
Industry Overview
US refrigerator market was valued at $18.2 billion in 2024 and is projected to reach $33.8 billion in 2035, growing at a CAGR of 5.7% during the forecast period (2025-2035). The US refrigerator market is driven by rising demand for energy-efficient appliances, integration into home smart systems, and growing interest among consumers in advanced features like touchscreens, AI-driven food management, and connectivity inside IoT systems. Increasing environmental regulations, consumers' awareness of energy consumption, and the requirement to reduce greenhouse gas emissions are accelerating the adoption of ENERGY STAR-certified and green refrigerator technology. For instance, in March 2025, Samsung launches a global line-up of smart refrigerators that includes 4-Door, 4-Door French door, and Side-by-Side models, featuring expanded screen options like the 9-inch AI Home and enhanced Family Hub displays. Main upgrades include an improved AI Vision Inside that can now recognize 37 food types, including processed items, enabling personalized meal planning and recipe suggestions. The refrigerators integrate with Samsung's smart home ecosystem, offering appliance control, energy monitoring via SmartThings Energy, and voice interaction through Bixby. Select models feature AI Hybrid Cooling for consistent freshness, space-efficient designs, and convenience features like Auto Open Door and Beverage Center.
Market Dynamics
Shift Toward Sustainability and Eco-Friendly Refrigerants
Growing environmental awareness and stricter environmental regulations are pushing manufacturers toward natural refrigerants. According to the US Environmental Protection Agency (EPA), in December 2020, the American Innovation and Manufacturing (AIM) Act, to regulate hydrofluorocarbons (HFCs), potent greenhouse gases used in products like refrigerators, air conditioners, foams, aerosols, and fire suppression systems. The legislation tasks the EPA with phasing down production and consumption of HFCs, regulating HFCs and alternatives, and encouraging the shift to low-GWP alternatives by sector-specific limitations. The AIM Act facilitates a move toward next-generation technologies, such as non-fluorinated refrigerants and lower-GWP blends of HFCs, to minimize climate impacts. The shift comes with improvements in vacuum-insulated panels, increased compressor efficiency, and recyclable content to lower carbon footprints.
Adoption of Immersive Design and Visualization Technologies
The US refrigerator market is increasingly influenced by progress in immersive and collaborative technologies that boost product design, prototyping, and customer interaction. The combination of augmented reality (AR) and secure remote visualization solutions enables manufacturers to optimize development cycles, enhance design accuracy, and minimize time-to-market with reduced physical prototyping expenses. They not only enhance engineering and manufacturing efficiency but also facilitate improved coordination among teams, suppliers, and customers, enabling quicker decision-making and increased customization to accommodate changing consumer needs.
Market Segmentation
French Door Segment to Lead with Premium Features and Aesthetic Appeal
The French door refrigeration segment is likely to continue leading the US market with growing consumer demand for large-sized appliances, advanced storage versatility, and energy-saving design. These units are in huge demand among the mid- to high-income segments, catering to consumers looking for performance as well as design. Advanced features like dual cooling, Wi-Fi connectivity, AI-driven temperature control, and inbuilt touchscreens are also contributing to the widening of this segment's base.
Household: The Largest Application Segment
Home refrigerators dominate the US market, driven by increasing residential building, urbanization, and changing lifestyle demands. Consumers are increasingly opting for energy-efficient and connectivity-enabled appliances that are commensurate with sustainability objectives and provide greater convenience. The segment is also driven by the trend toward multifunction kitchens and the increasing prominence of health-aware food storage attitudes. Younger consumers are also demonstrating readiness to spend on appliances that are part of home automation, track usage patterns, and lower the cost of running with optimized cooling cycles.
The major companies operating in the US refrigerator market include Godrej Group, Haier Group Corp., LG Electronics Inc., Samsung Electronics Co., Ltd., Whirlpool Corp., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments