Canada Minibar Refrigerators Market Size & Outlook
Canada minibar refrigerators market, 2017-2030 (US$M)
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Canada minibar refrigerators market highlights
- The Canada minibar refrigerators market generated a revenue of USD 4.9 million in 2022 and is expected to reach USD 6.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.8% from 2023 to 2030.
- In terms of segment, absorption was the largest revenue generating technology in 2022.
- Thermoelectric/ Peltier is the most lucrative technology segment registering the fastest growth during the forecast period.
Minibar refrigerators market data book summary
| Market revenue in 2022 | USD 4.9 million |
| Market revenue in 2030 | USD 6.1 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Absorption |
| Fastest growing segment | Thermoelectric/ Peltier |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Absorption, Thermoelectric/ Peltier, Compression |
| Key market players worldwide | Dometic Group AB, Indel B, Felix Storch, Minibar Systems, Hisense Home Appliances Group Co Ltd Class H, TEFCOLD, Koolatron, Bartech Systems International |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global minibar refrigerators market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. minibar refrigerators market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 96.8 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada minibar refrigerators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to minibar refrigerators market will help companies and investors design strategic landscapes.
Absorption was the largest segment with a revenue share of 57.14% in 2022. Horizon Databook has segmented the Canada minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
The rising demand for energy-efficient mini-fridges in Canada is driven by a combination of consumer preferences, cost savings, regulatory considerations, and environmental awareness.
This demand is further boosted by the food and beverages industry's refrigeration needs and the overall trend toward adopting energy-efficient appliances. Furthermore, high-end hotels across Canada often see in-room amenities as a way to generate additional revenue.
Minibars stocked with premium beverages and snacks can be a lucrative source of income. The expansion of luxurious hotels in Canada, along with the integration of high-end in-room amenities and smart devices, plays a key role in driving the demand for minibars across such settings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada minibar refrigerators market , including forecasts for subscribers. This country databook contains high-level insights into Canada minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada minibar refrigerators market size, by technology, 2017-2030 (US$M)
Canada Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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