Base Year
Historical Year
Forecast Year
Value in AUD Million
2024-2032
Australia Smart Refrigerator Market Outlook
*this image is indicative*
The Australia smart refrigerator market comprises products including double-door refrigerators, French-door refrigerators, side-by-side refrigerators, single-door refrigerators, and bottom freezer refrigerators. They provide various advantages including convenience, energy efficiency, touchscreen, and voice control technology etc.
As per the Australia Bureau of Statistics, in January 2024 the household spending in Tasmania on equipment was around 11.5% whereas it was around 1.7% in Queensland. This indicates that Tasmania holds a significant Australia smart refrigerator market share as compared to Queensland.
The Australia smart refrigerator market is enhanced by the increase in technological innovations, AI-enabled approaches, sustainable smart refrigerators and remote access technology.
Technological Innovation
Australia smart refrigerator market growth is being guided by the introduction new products in the market such as Samsung Electronics which introduced the Infinite Refrigerator.
Sustainable smart refrigerator comprises advanced features including high energy efficiency and better cooling. Moreover, they aid in controlling the wastage of food by keeping its track.
The incorporation of the Internet of Things into refrigerators has significantly contributed to the Australia smart refrigerator market by providing temperature control and energy-saving modes.
Remote controlling of the refrigerator has helped consumers to control the activity of their refrigerator in their absence near the appliances.
TCL launched six new refrigerator models, including the first bottom-mount fridge, which incorporates an inverter compressor for high energy efficiency and consists of frost-free technology.
LG Electronics launched an InstaView fridge with MoodUP which consists of LED panels for changing the colour of the fridge door and is also incorporated with built-in Bluetooth speakers.
TCL launched the first French door refrigerator in Australia which comprises features including a fresh food zone compartment, inverter compressor, humidity-controlled crisper drawer and super freeze model.
Panasonic introduced a new PRIME+Edition refrigerator range which consists of both a bottom mount and a French door design. It consists of features including high storage space and better freezing capacity.
As per the Australia smart refrigerator market report, the presence of AI technology in refrigerators has enabled users to save energy and control temperature change. Moreover, the sustainable smart refrigerator provides better cooling efficiency and also helps in keeping track of the food wastage by the users. Through remote access technology, individuals can control the refrigerator activity from far away, thus contributing to the market growth.
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Australia Smart refrigerator Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
Australia smart refrigerator market growth is being guided by the double-door refrigerator as they are easily affordable as compared to the French door and bottom freezer refrigerator. Moreover, they consist of larger spaces and can store items that require larger storage spaces. The freezer and the refrigerator door both are separate.
Touchscreen smart refrigerator aids in controlling humidity and also maintains the optimum temperature that is required for keeping the food preserved. Moreover, they allow users to get access to watch news, YouTube, and music on the screen through the app and also connect to Google Assistant and Alexa for voice commands. The wifi-installed smart refrigerator allows us to keep track of our food items inside the refrigerator thus, helps in preventing food wastage.
The market growth is majorly contributed by the residential use of the same. Mostly, individuals use the smart refrigerator at home as it allows them to keep track of their stored food thus preventing food wastage. Moreover, it helps save energy and also consists of a built-in touchscreen which allows users to control the temperature, humidity and activity of the refrigerator.
Australia smart refrigerator market growth is being driven by the increase in the number of exclusive stores. As for purchasing the smart refrigerator, individuals prefer going to exclusive stores rather than purchasing the same online, as visiting exclusive stores guides individuals in a better way on which type of smart refrigerator to purchase for better efficiency.
The Australia smart refrigerator market competitiveness has increased due to technological innovations, AI-enabled approaches, sustainable smart refrigerators and remote access technology.
Electrolux Home Products Pty. Limited, was founded in 1919 and is a Stockholm-based company. It designs various products related to cooking, dishwashers, smart refrigerators, refrigeration and vacuum cleaners.
Fisher & Paykel Australia Pty Limited is a New South Wales-based company. It designs products which are easy to install and are manufactured by using sustainable materials which increases energy efficiency and reduces water use.
Arisit Pty Limited was established in 2000 and is a Dandenong, South Victoria-based company. It is involved in the designing of cooking and smart refrigerators from low to premium price range.
Samsung Electronics Australia Pty Limited is a New South Wales-based company which manufactures various ranges of products including smartphones, mobile accessories, refrigerators, laundry, smart refrigerators etc.
Other Australia smart refrigerator market key players are BSH Home Appliances Pty Ltd among others.
According to the Australia Bureau of Statistics, in 2023 the annual percentage change in income of the Northern Territory was around 13.8% whereas it was around 9.2% for Queensland. This indicates that the Northern Territory witnessed a higher annual percentage change in income which further shows that the percentage of individuals who can afford smart refrigerators has also increased in the region which ultimately drives the Australia smart refrigerator market growth.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 8.60% between 2024 and 2032.
The smart refrigerator market is growing due to an increase in technological innovations, AI-enabled approaches, focus on sustainable smart refrigerators, and remote access technology.
Based on the technology, the smart refrigerator market is bifurcated into wi-fi, cellular technology, ZigBee, touchscreen, Bluetooth and radio frequency identification.
Key players in the industry are Electrolux Home Products Pty Limited, Fisher & Paykel Australia Pty Limited, Arisit Pty Ltd, Samsung Electronics Australia Pty Limited, and BSH Home Appliances Pty Ltd among others.
Based on product type, the smart refrigerator market is divided into French door refrigerators, bottom freezer refrigerators, double-door refrigerators, side-by-side refrigerators, and single-door refrigerators.
The different distribution channels of smart refrigerator include multi-brand stores, exclusive stores, online and others.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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