The global portable fridges market was valued at US$ 2,792.8 Mn in 2016 and is projected to register a CAGR of 3.8% from 2017 to 2022. The compressor portable fridge segment in the global portable fridges market is estimated to account for major revenue share of 66.7% in 2017 owing to features such as lower battery consumption and lesser noise as compared to other types. Also, it comes with temperature control knob, which is a major factor driving demand for compressor portable fridges currently.
Global Portable Fridges Market: Segmental Snapshot
By type: Compressor portable fridge segment is estimated to register a CAGR of over 3.5%, thereby accounting for highest revenue share among the type segments.
By application: Automotive portable fridge segment is estimated to account for highest revenue share among the application segments, registering a CAGR of over 4% over the forecast period.
By region: The market in North America accounted for highest revenue share in the global portable fridge market in 2016, and is expected to record highest CAGR of over 4.2% between 2017 and 2022.
Global Portable Fridges Market: Competitive Analysis
The global portable fridges market includes detailed competitive analysis on major companies such as Arb Corporation Ltd., Dometic Group, Sawafuji Electric Co., Ltd., Living Direct, Inc., Whynter LLC, Newell Brands, Haier Inc., Indel B. s.p.a., Evakool, DP Refrigeration Ltd., Fridgefreeze Inc., and Gourmia.