Although there have been innovations within the category, with many leading players offering their own line of connected or smart refrigeration appliances, it has been challenging for them to create higher demand in Singapore. Despite the gradual share gain of connected fridge freezers, many local consumers do not understand their benefits, and are unconvinced by the need to pay a higher price.
Although electric wine coolers/chillers is a niche within refrigeration appliances, demand for these appliances is expected to continue growing over the forecast period, as local consumers start to develop a taste for quality alcoholic drinks. Consumption of fine wine is becoming increasingly popular in Singapore, encouraging the search for suitable storage to ensure that the quality is not compromised.
As unit prices for refrigeration appliances are high, most consumers still prefer to purchase these products from physical retailers where they can see and test them first. However, since the emergence of the pandemic, consumers were forced to move online to purchase many products, including refrigeration appliances.
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Understand the latest market trends and future growth opportunities for the Refrigeration Appliances industry in Singapore 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 Singapore, 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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