Smart refrigerator allows remote monitoring and can be controlled from anywhere and from any device having access. The smart refrigerator market is expected to witness growth in the forthcoming year (from 2019 to 2026) due to increase in demand for technological advancements in agriculture sector.

Introduction to Smart refrigerator

Smart refrigerator is also known as advanced refrigerator because it is built with a high-tech programed sensor, which helps detect the type of items stored inside and keep the track of all-important details such as expiry and usage. These refrigerators scan the items through barcode and RFID and determine itself whenever a food item needs to be replenished. Smart refrigerator allows remote monitoring and can be controlled from anywhere and from any device having access. Major technologies used in the smart smart refrigeration system for agriculture are WIFI, Touchscreen, RFID, and Bluetooth Connectivity.

Major Growth Drivers for smart refrigeration system for agriculture market:

The smart refrigerator market is expected to witness growth in the forthcoming year (from 2019 to 2026) due to increase in demand for technological advancements in agriculture sector. Various technological advancements such as artificial intelligence, IoT, and wireless communication create lucrative opportunities for this industry. The integration of such technologies in
smart refrigerators for agriculture enhance its processing and allows remote monitoring and control. However, high installation and maintenance cost act as a major restraint and hamper the market growth globally. 

The smart refrigerator segmentation by it's type, technology, application, price, and region. 

Based on type, the market is classified into French doors, triple doors, double doors, single doors, and side by side doors. Based on technology, it is categorized into WIFI, touchscreen, RFID, Bluetooth Connectivity, and cellular technology. Based on price, the market is segregated into high, mid, and low. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major Players in this Industry

Key players operating in the smart refrigerator industry are Panasonic, Siemens, Bosch, Whirlpool, Samsung, Electrolux, LG, Haier, Media, and Hisense. These key players focus on R&D of technology advancement, which is easily incorporated with an appliance and makes product effective. The key development strategies include collaboration and partnership.