Any mobile appliance or enclosed chamber that is used to keep items cool falls under the Mobile Refrigerator category. In other words, Mobile Refrigeration is a concept built around providing refrigerator and freezer capacity in a portable format.
According to a recent study conducted by Persistence Market Research, “Global sales of mobile refrigerators are expected to top US$ 2.9 Bn by 2031.” They expect the market to register a healthy CAGR of around 8.3% over the forecast period of 2021-2031.ny mobile appliance or enclosed chamber that is used to keep items cool falls under the Mobile Refrigerator category. In other words, Mobile Refrigeration is a concept built around providing refrigerator and freezer capacity in a portable format.Persistence Market Research is a third-party research organization, which operates through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial or natural crunches.
Growth stimulators
Technological advancements have led to a number of innovations, and the introduction of Bluetooth features in portable refrigerators is one of them. Portable refrigerators are characterized by advanced features such as voice recognition, touchscreen, as well as Bluetooth connectivity, offering greater convenience to users, which is driving the market growth.
Remote operation
Manufacturers have developed their own apps that are available on Apple and Android app stores. Portable fridges can easily get connected to personal devices such as smartphones and tablets, which allows users to set the temperature of the camping fridge and freezer directly from a smartphone, and monitor the fridge temperature, voltage, and power use over time.
Manufacturers are even developing mobile refrigerators with unique designs and additional features. For instance, Kickass Products Pty Ltd has introduced a mobile portable refrigerator with unique design & additional features such as dual climate zones, integrated 3 stage battery protection, digital thermostats, and a dedicated app to control and monitor the fridges.
A few influencing factors
Increasing demand for car-equipped refrigerators from end users is expected to drive the market over the forecast period.Built-in refrigerators have a substantial market share, as they allow better inside visibility than typical free-standing refrigerators. They are available in a variety of widths, allowing users to make the most of the refrigerator space while also personalising the kitchen.
In terms of application, mobile refrigerators are highly preferred in the commercial sector as they are widely used in RVs, caravans, motorhomes, campervans and vanity vans.
The online retail sales channel is expected to be the fastest-growing segment from 2021 to 2031. Factors such as ease of shopping, convenience, and easy product accessibility, irrespective of geographic boundary lines, help promote the scope for these channels.
Thermoelectric technology is experiencing the largest growth rate since it is more condensed, requires less maintenance, has lower levels of vibration and noise, and allows for more precise temperature control.
In terms of price range, premium refrigerators are expected to witness noteworthy growth as more consumers are looking for premium quality and branded products.
Key players in the industry
Some of the key players identified across the value chain include Indel B S.p.a, Dometic Group AB, WHYNTER LLC, Guangzhou Boju Technology Co., Limited, Alpicool Inc., AB Electrolux, Siemens AG, Evakool, Engel Australia Pty Ltd, Kickass Products Pty Ltd, ARB, Tropicool Car Gadgets Pvt. Ltd, Triton Mechanical, ICECO and Aspenora.
Future prediction
“Multifunctional products are predicted to increase in popularity as the number of Internet users continues to rise across the world,” says an analyst at Persistence Market Research
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I understand, mobile refrigerators are handy