Europe Minibar Refrigerators Market Size & Outlook
Europe minibar refrigerators market, 2017-2030 (US$M)
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Europe minibar refrigerators market highlights
- The Europe minibar refrigerators market generated a revenue of USD 106.3 million in 2022.
- The market is expected to grow at a CAGR of 2.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 106.3 million |
| Market revenue in 2030 | USD 125.6 million |
| Growth rate | 2.1% (CAGR from 2022 to 2030) |
| Largest segment | Absorption |
| Fastest growing segment | Thermoelectric/ Peltier |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 31.5% of the global minibar refrigerators market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 116.5 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 56.07% in 2022. Horizon Databook has segmented the Europe minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
European consumers increasingly seek devices that offer convenience, energy efficiency, and connectivity features. This trend has encouraged companies to innovate and develop new refrigerator models with advanced features such as touch screens, remote monitoring, energy-saving capabilities, and integration with other smart home systems.
For instance, in April 2021, Dometic, a Swedish manufacturer of mobile solutions and refrigerators, introduced its HiPro line of minibars. The redesigned minibar improves cooling performance while consuming 40% less power, decreasing operational costs for hotel owners.
The modular line offers a range of options: minibars with stainless steel, black mirror glass, or transparent doors; three refrigeration technologies; and a connectivity system with smart remote-controlled features.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe minibar refrigerators market , including forecasts for subscribers. This continent databook contains high-level insights into Europe minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe minibar refrigerators market size, by country, 2017-2030 (US$M)
Europe Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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