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Global Refrigerators Market: Trends and Growth Projections to 2033 The global refrigerators market is projected to reach a valuation of USD 167.17 billion by 2033, growing at a 6.5% compound annual growth rate (CAGR) from USD 89.06 billion in 2023, according to the latest market research report. The demand for refrigerators has surged across both residential and commercial sectors, fueled by technological advancements, rising living standards, urbanization, and the increasing preference for energy-efficient home appliances. As the global population grows, especially in emerging economies, refrigerators are becoming indispensable in homes, hotels, restaurants, and healthcare settings. This shift towards innovative, energy-saving, and smart refrigeration systems is expected to be a key driver of market expansion over the next decade.

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Home Appliances Market Analysis by Trends, Size, Share, Company Overview, Growth, and Forecast by 2029 The global home appliances market size was valued at USD 646.56 billion in 2021 and is projected to grow from USD 675.59 billion in 2022 to USD 987.35 billion by 2029, exhibiting a CAGR of 5.57% during the forecast period. Fortune Business Insights™ shares this information in its report titled “Home Appliances Market, 2023-2029.” Information Source: https://www.fortunebusinessinsights.com/home-appliances-market-107020