As the economy recovers and inflation stabilises, refrigeration appliances will register healthy volume growth, especially later in the forecast period. This volume growth will be partly driven by an increasing population, particularly in urban centres.
Consumers will increasingly demand energy efficiency in refrigeration appliances, as steep price increases in electricity tariffs increase household energy bills. This upward trend in electricity tariffs will continue as climate change increasingly puts pressure on the electric grid, with for example increasing temperatures leading to a surge in air conditioning use.
Whilst electronics and appliance specialist retailers remain the dominant sales channel for refrigeration appliances in 2022, e-commerce continues to grow in importance following the boost it received in 2020 due to the impact of COVID-19. With consumers gradually becoming more confident in shopping online, and with manufacturers and retailers investing in developing their omnichannel presence, e-commerce is likely to continue to grow in importance throughout the forecast period.
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Understand the latest market trends and future growth opportunities for the Refrigeration Appliances industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Refrigeration Appliances industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Refrigeration Appliances
Refrigeration appliances considers built-in and freestanding major appliances in the following categories: fridge freezers, fridges, freezers and electric wine coolers chillers.
See All of Our DefinitionsThis report originates from Passport, our Refrigeration Appliances research and analysis database.
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