United States Refrigerator Market Report and Forecast 2025-2034

United States Refrigerator Market Size

The United States refrigerator market reached approximately USD 28.04 billion in 2024. The market is projected to grow at a CAGR of 5.7% between 2025 and 2034, reaching a value of around USD 46.23 billion by 2034.

United States Refrigerator Market Outlook

• In January 2023, the U.S. Department of Energy introduced new energy efficiency standards for home refrigerators and freezers, expected to save consumers over $36 billion in the next 30 years.

• The Consumer Technology Association projected that retail sales of consumer technology in the United States will grow by 2.8% to reach $512 billion in 2024.

• The average monthly spending on electronics by U.S. consumers is expected to be $13.6 billion, up from the pre-pandemic level of $9.9 billion.

United States Refrigerator Market Growth

The expansion of urban regions and the rise in new residential projects are driving the need for household appliances, such as refrigerators. In October 2023, the United States government announced new initiatives to convert commercial properties for residential usage to create energy-efficient and affordable houses. With the growth in disposable incomes, consumers are increasingly inclined to purchase premium refrigerators with advanced features, often sourced from top international producers. In 2022, real median household income was USD 74,580.

Evolving consumer preferences have led to an increased demand for advanced refrigerators with larger capacities, fresh food storage, and multi-functionality. The advancements in refrigeration technology, such as energy-efficient models and smart refrigerators, are attracting consumers seeking modern and convenient appliances. The surge in demand for smart home technology has resulted in a rise in the sales of advanced smart refrigerators, which come equipped with internet connectivity, voice control, and sophisticated temperature management features.

There is a growing demand for energy-efficient refrigerators that meet stringent environmental standards, driven by both consumer demand and regulatory requirements. Such refrigerators comply with energy efficiency standards set by the U.S. Department of Energy (DOE) and the Environmental Protection Agency’s (EPA) Energy Star program to ensure that they meet minimum energy performance criteria.

United States Refrigerator Industry Segmentation

“United States Refrigerator Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Top-freezer Refrigerator

• Bottom-freezer Refrigerator

• Side-by-side Refrigerator

• French Door Refrigerator

Market Breakup by Technology

• Inverter

• Non-Inverter

Market Breakup by Application

• Household

• Commercial and Industrial 

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Speciality Stores

• Online

• Others

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States Refrigerator Market Share

Based on application, the market is segmented into household, and commercial and industrial. The commercial and industrial sector is projected to grow at a CAGR of 6.3% during the forecast period of 2025-2034. Refrigerators are essential in commercial and industrial spaces as they help preserve perishable items, guarantee product safety, and uphold quality standards. Their usage is widespread across different sectors such as food and beverage, pharmaceuticals, chemicals, and others, underscoring their significance in contemporary business activities.

Leading Companies in the United States Refrigerator Market

Major players are focusing on the production of smart and energy efficient refrigerators to gain a competitive edge in the market.

• Samsung Electronics Co., Ltd.

• LG Electronics Inc.  

• Whirlpool Corporation  

• Hisense Corporation  

• Robert Bosch GmbH  

• SMEG S.p.A.  

• Electrolux AB  

• Liebherr-Hausgeräte GmbH  

• Miele Co. Ltd.  

• Haier Inc.  

• Others

Key Highlights of the Report