Smart Refrigerators Market Report 2026

The smart refrigerators market size has grown strongly in recent years. It will grow from $7.66 billion in 2025 to $8.39 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rise in refrigerator penetration, growth in connected home devices, increasing consumer preference for convenience, early adoption of barcode and rfid tracking, expansion of smart appliance product lines.

The smart refrigerators market size is expected to see rapid growth in the next few years. It will grow to $12.31 billion in 2030 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rising demand for predictive food management, increasing shift toward fully automated kitchens, growth in AI powered household devices, rising need for energy efficient refrigeration, expansion of cloud integrated smart home platforms. Major trends in the forecast period include rising adoption of iot enabled smart refrigerators, increasing integration of AI driven food management systems, advancement in cloud connected inventory tracking, growing demand for automated energy efficient refrigeration, expansion of smart home appliance ecosystems.

The growing adoption of smart cities and smart infrastructures is a major factor contributing to the expansion of the smart refrigerator market. As the Internet of Things (IoT) market continues to grow, smart home devices and appliances are becoming increasingly prevalent, making homes more interconnected through internet-enabled technologies. Smart home products such as Google Nest, Ring, and smart refrigerators have heightened consumer awareness of the IoT trend, which focuses on connecting everyday items to the Internet. For example, in September 2024, IoT Analytics, a Germany-based provider of strategic business intelligence for IoT, reported that the global number of connected IoT devices reached 16.6 billion at the end of 2023, reflecting a 15% year-on-year increase compared to 2022. Therefore, companies are investing more in IoT due to rising interest in smart homes, and this trend is driving growth in the smart refrigerator market.

Leading companies in the smart refrigerator market are actively developing Wi-Fi-enabled side-by-side convertible refrigerators to establish a competitive advantage. These refrigerators, equipped with Wi-Fi capabilities, enable remote control through dedicated apps. LG Electronics, a multinational electronics company based in South Korea, exemplifies this trend with the introduction of new Wi-Fi-enabled side-by-side convertible refrigerators in India in September 2023. These refrigerators, part of the 2023 Wi-Fi Convertible side-by-side refrigerator line, offer nine variants with matte and glass finishes, chrome-finished door handles, metallic decorations inside, and a spacious 650-liter capacity. Users can conveniently convert the freezer section into a fridge remotely using the LG ThinQ app.

In October 2024, Haier Smart Home Co., Ltd., a China-based provider of smart home appliances and connected living solutions, acquired Carrier Commercial Refrigeration from Carrier Global Corporation for an undisclosed amount. With this acquisition, Haier Smart Home Co. Ltd. aims to strengthen its cold chain product portfolio, expand its presence in Europe, and leverage Carrier’s advanced refrigeration technologies and established customer base. Carrier Global Corporation is a US-based provider of heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies for residential, commercial, and industrial applications.

Major companies operating in the smart refrigerators market are Samsung Electronics Co. Ltd., Bosch Group, Hitachi Ltd., Siemens AG, LG Electronics Inc. (LG Corporation), Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Xiaomi Corporation, Toshiba Corporation, Whirlpool Corporation, Sharp Corporation, Kenmore (Sears Holdings Corporation), Liebherr Group, Jenn-Air, Electrolux AB, Frigidaire, Hisense Kelon Electrical Appliances Co. Ltd., TCL Corporation, Arcelik A.Ş. (Arcelik), GE Appliances, Fisher & Paykel, Thermador, Sub-Zero Group Inc., Viking Range, Dacor Inc., Grundig AG, Beko, Gorenje Group, Smeg S.p.A.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic components, refrigeration technologies, sensors, and connectivity modules used in smart refrigerators have raised production costs and slowed supply flows, particularly for manufacturers dependent on imports from Asia Pacific. Product categories such as french door and side by side smart refrigerators and regions with higher import reliance face the greatest pricing and procurement impacts. Nonetheless, tariffs have encouraged domestic manufacturing, strengthened local sourcing strategies, and accelerated innovation toward cost optimized and energy efficient smart refrigeration systems.

The smart refrigerators market research report is one of a series of new reports that provides smart refrigerators market statistics, including smart refrigerators industry global market size, regional shares, competitors with a smart refrigerators market share, detailed smart refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the smart refrigerators industry. This smart refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A smart refrigerator is an advanced, programmable appliance designed to identify the stored products and track essential information such as expiration dates and usage. These refrigerators operate through a barcode or RFID network, where batches are scanned, and information is retrieved directly from the internet. Smart refrigerators find applications in both residential and commercial sectors.

Smart refrigerators come in various types, including top freezer refrigerators, bottom freezer fridges, side-by-side refrigerators, and French door refrigerators. The technologies employed in these refrigerators include Wi-Fi, radio frequency identification (RFID), cellular technology, Bluetooth, Zigbee, and touchscreen interfaces. Top freezer refrigerators are known for their energy efficiency and convenient freezing capabilities. These smart refrigerators feature different door configurations such as single, double, side by side, and French doors, catering to both residential and commercial needs.Asia-Pacific was the largest region in the smart refrigerators market in 2025. Western Europe was the second-largest region in the global smart refrigerators market share. The regions covered in the smart refrigerators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart refrigerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart refrigerators market consists of sales of top freezer refrigerators, bottom freezer refrigerators, side-by-side refrigerators, and other smart refrigerators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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