Global Refrigerator Market Size, Growth, Trend, Forecasts to 2033

The global refrigerator market was worth around USD 70.33 billion in 2023 and is predicted to grow to around USD 128.74 billion by 2033, with a compound annual growth rate (CAGR) of around 6.23% between 2023 and 2033. The growing popularity of modular kitchen locations, and changing dietary preferences are running the market. The refrigerators, mounted with the freezer, are equipped with heat pumps and thermal untouched compartments, which are made to keep food and beverages comparatively long and fresh.