The India refrigerator market reached approximately USD 33.96 Billion in 2025. The market is projected to grow at a CAGR of 7.80% between 2026 and 2035, reaching a value of around USD 71.97 Billion by 2035.
Base Year
Historical Period
Forecast Period
India predominantly imports refrigerators from countries it has a free trade agreement with, such as Bangladesh, Thailand, Indonesia, and South Korea.
In August 2023, Godrej Appliances introduced 'Edge Neo', the most energy-efficient refrigerator in India which consumes only 99 units per year.
Between April to November 2022-2032, the export of refrigerators, freezers, and other refrigerating solutions in India amounted to USD 140.97 million.
Compound Annual Growth Rate
7.8%
Value in USD Billion
2026-2035
*this image is indicative*
| India Refrigerator Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 33.96 |
| Market Size 2035 | USD Billion | 71.97 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 7.80% |
| CAGR 2026-2035 - Market by Region | North India | 8.6% |
| CAGR 2026-2035 - Market by Region | South India | 7.5% |
| CAGR 2026-2035 - Market by Type | French Door Refrigerator | 8.6% |
| CAGR 2026-2035 - Market by Application | Commercial and Industrial | 8.7% |
| Market Share by Region | West India | 27.3% |
The electronics sector in India has witnessed remarkable expansion in recent years, fuelled by a combination of growing local manufacturing and substantial imports to cater to the increasing demand. With the support of government initiatives and a developing ecosystem, the nation aims to establish itself as a key player in global electronics manufacturing. Electronics production in India reached Rs 640,810 crore in the fiscal year 2021-22 (equivalent to US $80 billion). Additionally, India possesses excess manufacturing capacity for refrigerators. Due to existing free trade agreements with selected nations, specific products are being brought in at reduced duties. As of June 2022, India's production capability of refrigerators stood at 23 to 24 million units annually, with imports accounting for approximately 8% of total sales.
The modernisation of kitchens with contemporary appliances has encouraged consumers to lean towards refrigerators that offer advanced features like frost-free technology, energy efficiency, smart connectivity, and multiple door options. Technological advancements have resulted in the creation of energy-efficient refrigerators, appealing to those who want to lower their electricity costs. The inclusion of smart features such as digital touch panels, Wi-Fi connectivity, and AI-driven functionalities is gaining traction among consumers who are tech-savvy.
“India Refrigerator Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Product Type
Market Breakup by Capacity
Market Breakup by Distribution Channel
Market Breakup by Region
| CAGR 2026-2035 - Market by | Region |
| North India | 8.6% |
| South India | 7.5% |
| West India and Central India | XX% |
| East India | XX% |
Based on application, the market is segmented into French Door, top freezer, and bottom freezer, among others. French door refrigerators are expected to grow at a CAGR of 8.6% between 2026 and 2035 as they boast stylist designs, enhance convenience of users, and offer flexible storage options.
Major players are focusing on the production of smart and energy efficient refrigerators to gain a competitive edge in the market.
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In 2025, the market reached an approximate value of USD 33.96 Billion.
The market is estimated to grow at a CAGR of 7.80% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 71.97 Billion by 2035.
The market is being driven by rising disposable income, rapid urbanisation, and changing consumer lifestyles.
The key trends aiding the market expansion include the integration of smart technology and the production of energy-efficient refrigerators.
The major regions considered in the market are East India, West and Central India, North India, and South India.
The different distribution channels of refrigerators are hypermarkets/supermarkets, speciality stores, and online channels, among others.
The major players in the market are Whirlpool Corporation, Electrolux AB, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., LG Corporation, Godrej & Boyce Manufacturing Company Limited, Haier Inc., Robert Bosch GmbH, Johnson Controls International plc, and Tata Group, among 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 | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Technology |
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| Breakup by Product Type |
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| Breakup by Capacity |
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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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