Australia Refrigerator Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

Key Market Trends and Insights:

• The Australian Capital Territory is projected to grow at a CAGR of 7.0% over the forecast period.
• By type, French door refrigerators are anticipated to experience notable demand at a CAGR of 7.2% over the forecast period, mainly due to the increasing preference in modern kitchen set-ups.
• By technology, the inverter category is anticipated to record growth at 7.4% CAGR throughout the forecast period.

Market Size & Forecast:

• Market Size in 2024: AUD 1.77 billion
• Projected Market Size in 2034: AUD 3.26 billion
• CAGR from 2025-2034: 6.30%
• Fastest-Growing Regional Market: Australian Capital Territory

Australians show strong interest in these AI-powered features, with 43% expressing interest in advanced home AI. The technology also supports residential energy management, with tools like CSIRO's RapidRate providing energy insights, and initiatives like Google's Digital Future Initiative are further driving the adoption of AI in Australian households.

Modern consumers increasingly seek appliances that do more than basic cooling, prioritizing smart features that simplify daily routines, enhance convenience, and optimize energy usage. AI integration allows refrigerators to communicate with other devices, personalize settings based on household behavior, and provide intelligent alerts for food management, creating a more connected and efficient home environment.

The Samsung 809L Bespoke AI Family Hub™+ refrigerator, launched in May 2025, exemplifies this trend by transforming the appliance into a central hub for home management. Featuring a 32-inch touchscreen, AI Vision Inside™, and Bixby voice assistant, it recognizes and labels up to 33 food items, enabling personalized meal planning and smarter inventory tracking. Integration with SmartThings allows seamless control of other smart devices, ensuring a cohesive ecosystem that enhances household efficiency.

Beyond convenience, AI-powered refrigerators support sustainability by optimizing energy consumption and reducing food waste, aligning with growing consumer focus on eco-friendly living. As personalization, efficiency, and interconnectivity become central to consumer expectations, the adoption of AI-enabled home ecosystems is poised to accelerate, driving innovation and growth across the Australia refrigerator market.

Australia Refrigerator Market Report Summary

Description

Value

Base Year

AUD billion

2024

Historical Period

AUD billion

2018-2024

Forecast Period

AUD billion

2025-2034

Market Size 2024

AUD billion

1.77

Market Size 2034

AUD billion

3.26

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

6.30%

CAGR 2025-2034 - Market by Region

Australian Capital Territory

7.0%

CAGR 2025-2034 - Market by Region

Queensland

6.6%

CAGR 2025-2034 - Market by Type

French Door

7.2%

CAGR 2025-2034 - Market by Technology

Inverter

7.4%

2024 Market Share by Region

Western Australia

16.1%

Key Trends and Recent Developments

February 2025

LG expanded its InstaView™ lineup with a new 340L bottom mount refrigerator. The model boasts a sleek design and modern finish and includes Door Cooling™ and a Moist Balance Crisper drawer to help keep food fresher for longer, enhancing both functionality and style for Australian households.

January 2025

Hisense unveiled its Smart Hub Refrigerator at CES 2025. The model features a 32-inch touchscreen and the ConnectLife platform, allowing users to manage their home from a centralized app. It also offers meal prep technology, food inventory tracking, and recipe suggestions based on available ingredients, combining convenience with smart home integration.

November 2024

Midea announced plans to launch a side-by-side refrigerator with an impressive 8-star energy efficiency rating. The model features Smart+ Cooling for precise temperature control, operates quietly at just 35dB, and offers a sleek design with ultra-thin foaming technology.

June 2024

MHI Thermal Systems introduced the TEK Series of electric-driven transport refrigeration units in 2024, designed for domestic electric vehicles (EVs). These units operate solely on the vehicle's power supply, offering high-efficiency performance that reduces carbon emissions and saves energy. This innovation supports the growing demand for sustainable refrigeration solutions in the transportation sector across Asia and Australia.

Surging need for medical and laboratory refrigeration

The rising demand for medical fridges and freezers is driving growth in the Australia commercial refrigeration market. In January 2024, Commercial Fridge & Freezers Sales Australia partnered with Liebherr to offer high-performance, energy-efficient laboratory and medical refrigeration appliances. Leveraging nearly 60 years of expertise, this collaboration ensures reliable storage of vaccines, medicines, and other sensitive materials, highlighting the market’s emphasis on precision, safety, and operational efficiency, and positioning suppliers to meet growing critical storage needs.

Rising demand for frozen and convenience foods storage

The consumption of frozen and ready-to-eat foods is a major driver for the Australia refrigerator market, prompting the need for larger freezer compartments and specialized storage. This trend is illustrated by NewCold’s expansion, including a new Sydney facility and upgrades to Melbourne sites, which will significantly increase frozen pallet capacity. These developments reflect growing consumer reliance on frozen foods and highlight the importance of refrigeration solutions capable of supporting larger volumes and efficient cold storage.

Stringent regulation for food safety

Stricter regulations regarding food safety are driving growth in the Australian refrigeration market. The Australian government’s updated food safety requirements under National Food Safety Standard 3.2.2A, effective from December 8, 2024, mandate robust storage practices, temperature monitoring, and record-keeping for businesses handling perishable and ready-to-eat foods. This is prompting investments in advanced refrigeration systems that ensure compliance, maintain product quality, and support operational efficiency across the food and beverage sector.

IoT-enabled refrigeration gains tremendous traction

The adoption of IoT in refrigeration is increasingly shaping the Australia refrigerator market, offering businesses enhanced control and efficiency. IoT-connected units provide real-time monitoring, predictive maintenance, and remote management of temperature and energy consumption, ensuring consistent performance. For example, in 2024, Daikin Industries rolled out IoT-enabled refrigeration solutions across Asia and Australia, enabling commercial establishments to optimize operations, reduce costs, and maintain precise conditions for perishable goods.

Increasing preference of customized refrigeration solutions

The demand for tailored refrigeration solutions is driving growth in the Australia refrigerator market, particularly in the commercial sector. Businesses such as boutique stores, cafes, and restaurants seek energy-efficient and space-optimized units to suit their specific operational needs. For instance, in 2025, Panasonic partnered with major retail chains across Asia and Australia to provide customized refrigeration solutions, supporting commercial growth while promoting sustainability and efficient use of store space.

The EMR’s report titled “Australia Refrigerator Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Single Door
• Double Door
• Side by Side
• French Door
• Others

Key Insight: Side by side refrigerators are the largest segment, offering large-capacity units with convenient access to fresh and frozen sections. French door models are the fastest-growing segment, favored for modern kitchens, advanced features, and energy efficiency. Single door refrigerators are driven by the need for compact, affordable, and space-saving solutions, while double door models see growth due to households requiring additional storage and organized cooling. The others segment caters to specialized needs, including commercial and niche refrigerators.

Market Breakup by Technology

• Inverter
• Non-Inverter

Key Insight: Non-inverter refrigerators hold the largest share in the Australian market, favored by households seeking affordability and straightforward operation. Inverter refrigerators represent the fastest-growing segment, fueled by rising demand for energy-efficient, quiet, and smart cooling solutions. While non-inverter models remain a practical choice for smaller homes and secondary kitchens, inverter units are increasingly popular among eco-conscious and technology-oriented consumers looking for advanced, efficient refrigeration options.

Market Breakup by Freezer

• Top Freezer
• Bottom Freezer
• Convertibles

Key Insight: Top freezer refrigerators are recording notable growth in the Australia refrigerator market, favored for their affordability and straightforward, dependable design. Bottom freezer models are steadily growing, propelled by consumer demand for convenient access to fresh foods and modern kitchen-friendly layouts. Convertible refrigerators account for the largest market share due to their rising popularity for their versatile storage, enabling users to switch compartments between fridge and freezer.

Market Breakup by Application

• Household
• Commercial

Key Insight: Household applications in the Australia refrigerator market are witnessing record-high demand, driven by the need for reliable, convenient, and energy-efficient cooling solutions in everyday homes. Consumers seek models that cater to varying family sizes, storage requirements, and lifestyle preferences. Commercial refrigerators, though smaller in share, are growing due to increasing requirements in restaurants, cafes, and retail outlets, where temperature-controlled storage for perishables and beverages is essential.

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online
• Others

Key Insight: Supermarkets and hypermarkets generate the highest revenue among all other distribution channels in the Australia refrigerator market, offering wide product selection, competitive pricing, and immediate availability. Specialty stores serve niche markets, providing expert guidance and high-end or customized models. Online sales are the fastest-growing channel, driven by convenience, detailed product information, and home delivery. Other channels include wholesale distributors and appliance retailers catering to both urban and regional demand.

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Key Insight: New South Wales leads the Australia refrigerator market, driven by high urbanization, rising disposable incomes, and strong retail infrastructure. Victoria follows with robust growth supported by rising adoption of energy-efficient and smart refrigerators, reflecting its environmentally conscious consumer base. Queensland’s warm climate, population growth, and strong tourism industry fuel demand for both household and commercial refrigeration. The Australian Capital Territory is set to experience the fastest growth rate, backed by sustainability-focused policies and compact housing needs. Western Australia grows steadily with urban and commercial demand, while other regions expand gradually through eco-friendly appliance adoption and retail access.

Australia Refrigerator Market Share

By type, side by side refrigerators are in high demand

Side by side refrigerators are the largest segment in the Australian market, primarily driven by consumer demand for large-capacity storage. These models allow households to store a wide variety of fresh and frozen foods efficiently, keeping items organized and easily accessible. Brands like LG and Samsung enhance this appeal with adjustable shelving, spacious compartments, and smart layouts, making side by side refrigerators the preferred choice for families and large households.

Meanwhile, French door refrigerators are picking up pace in the Australia refrigerator market, primarily driven by consumer demand for energy-efficient appliances. Households increasingly prefer models that minimize electricity consumption while maintaining optimal cooling for fresh and frozen items. Popular brand Bosch offer French door refrigerators with advanced energy-saving technologies, smart cooling systems, and optimized insulation, making them highly attractive to eco-conscious and cost-conscious consumers seeking sustainable kitchen solutions.

By technology, non-inverter refrigerators represent the largest market share

Non-inverter refrigerators accounts for the largest segment in the Australia refrigerator market, driven primarily by their affordability. Cost-conscious households prefer these models for their low upfront investment and uncomplicated operation. They deliver reliable cooling without sophisticated technology, making them ideal for smaller homes, rental apartments, and secondary kitchens.

On the other hand, inverter refrigerators are witnessing growth at fastest growth rate, propelled by superior energy efficiency. By adjusting compressor speed according to cooling needs, these units minimize electricity consumption while maintaining optimal temperature. Eco-conscious and tech-oriented consumers are drawn to inverter models for their energy-saving capabilities, quiet operation, and extended lifespan. Advanced features such as adaptive cooling, smart temperature management, and efficient insulation further enhance their appeal.

By freezer, convertibles gain notable traction

Convertible category represent the largest share of the Australia refrigerator market, driven by their flexible storage capability. Consumers value the ability to switch compartments between fridge and freezer according to changing household needs, allowing for efficient and adaptable food storage. This versatility supports diverse lifestyle requirements, from storing fresh groceries to frozen items, making convertible refrigerators a practical and increasingly preferred choice for modern Australian homes.

Bottom freezer refrigerators are the fastest-growing segment, driven by enhanced fresh food accessibility. By placing fresh items at eye level, these models reduce bending and improve convenience during daily use. Advanced designs from brands such as LG and Bosch include humidity-controlled crispers, organized drawers, and ergonomic layouts, appealing to consumers seeking efficient and user-friendly refrigeration solutions that align with modern kitchen ergonomics and lifestyle needs.

By applications, household demonstrate the fastest growth rate

Household applications dominate the Australia refrigerator market, driven by the growing consumer preference for convenience and energy efficiency. Families increasingly seek refrigerators that offer reliable cooling, customizable storage, and easy access to food, supporting busy lifestyles. Energy-efficient models reduce electricity costs while maintaining consistent performance, making them highly attractive to homeowners aiming to balance functionality with sustainable living, thereby reinforcing the household segment’s position as the largest market contributor.

Commercial refrigerators are the fastest-growing segment in the Australian market, driven primarily by regulatory compliance requirements. Businesses in restaurants, cafes, and retail outlets must adhere to strict food safety standards, ensuring proper temperature control and storage for perishable and ready-to-eat products. Investment in high-performance, energy-efficient refrigeration systems helps businesses maintain product quality, meet government regulations, and reduce operational risks, making commercial refrigeration a critical growth area.

By distribution channel, supermarkets and hypermarkets amass highest revenue

Supermarkets and hypermarkets lead the Australia refrigerator market, driven by their ability to provide immediate product availability. Shoppers can explore a wide range of refrigerator models under one roof, ensuring they find options that match their needs without delay. This convenience and accessibility attract high footfall, encourage repeat purchases, and support strong sales, making these channels the largest revenue contributors in the industry.

Meanwhile, the online channel became the fastest-growing segment in the Australia refrigerator market, primarily driven by digital engagement. In 2022, Australia’s digital advertising market grew by 18%, with total online ad revenue reaching USD12.6 billion in 2023. During this period, high online visibility enabled retailers to target consumers effectively, highlight product features, and provide home delivery options, making e-commerce a convenient, accessible, and increasingly preferred channel for refrigerator purchases.

Australia Refrigerator Market Regional Analysis

CAGR 2025-2034 - Market by

Region

Australian Capital Territory

7.0%

Queensland

6.6%

New South Wales

XX%

Victoria

XX%

Western Australia

XX%

Others

XX%

By region, Australia Capital Territory leads the market growth

Australian Capital Territory is set to experience the highest growth rate in the Australia refrigerator market, driven largely by the region’s strong focus on sustainability and energy efficiency. The ACT government’s proactive policies, including incentives and rebates for eco-friendly appliances, are motivating households to upgrade to refrigerators with superior energy ratings. Rising consumer awareness of environmental impact and long-term cost savings is further accelerating adoption. This combination of regulatory support and conscious consumption makes the ACT the fastest-growing market for refrigerators nationwide.

Meanwhile, Victoria witnesses' significant growth in the Australia refrigerator market, driven by increasing consumer focus on energy efficiency and sustainable living. Households are prioritizing appliances that reduce electricity consumption, lower utility costs, and support environmental goals. In April 2024, this trend was reinforced by the Solar Homes Program and Victorian Energy Upgrades (VEU) Program, which incentivized replacing old gas appliances with efficient electric alternatives, such as heat pumps and energy-saving systems, further boosting demand for eco-friendly refrigerators

Competitive Landscape

Major refrigerator companies in Australia focus on innovation, energy efficiency, and smart technology integration to maintain competitive advantage. Companies like Samsung and LG invest heavily in AI-powered appliances and connected home solutions, while Panasonic and Electrolux emphasize sustainability and user-friendly designs. Collaborative R&D, product diversification, and enhanced after-sales services help strengthen their market presence and consumer loyalty.

Leading refrigerator companies adopt strategic initiatives including geographic expansion, digital marketing, and advanced supply chain management. They aim to address growing household and commercial demand by introducing energy-efficient models, customizable storage, and smart features. Partnerships, promotional campaigns, and customer-centric product innovations are key strategies that enable these companies to capture market share, meet evolving consumer preferences, and sustain long-term growth in Australia refrigerator market

Samsung Electronics Co., Ltd.

Founded in 1969 and headquartered in Suwon, South Korea, Samsung Electronics is a global leader in consumer electronics and home appliances. The company is renowned for innovative refrigerators, smart home solutions, and advanced AI-powered appliances that cater to diverse consumer needs worldwide.

LG Electronics Inc.,

Established in 1958 and headquartered in Seoul, South Korea, LG Electronics specializes in home appliances, consumer electronics, and energy-efficient solutions. The company is recognized for its innovative refrigerator designs, smart technologies, and commitment to sustainability in household appliances.

Panasonic Holdings Corporation

Headquartered in Osaka, Japan, and founded in 1918, Panasonic Holdings Corporation is a leading provider of electronics and home appliances. The company focuses on energy-efficient refrigerators, smart kitchen solutions, and reliable household appliances catering to global markets.

Electrolux AB

Established in 1919 and based in Stockholm, Sweden, Electrolux AB is a major global manufacturer of home appliances. It is known for its high-performance refrigerators, innovative storage solutions, and commitment to energy efficiency and sustainability.

Other prominent refrigerator companies operating in Australia include Haier Group Corporation, Robert Bosch GmbH, Midea Group, Whirlpool Corp., Hitachi Ltd., among others.

Key Highlights of the Australia Refrigerator Market Report:

• The report provides a comprehensive overview of the Australia refrigerator market, analyzing historical performance and offering accurate forecasts through 2034, enabling stakeholders to understand past trends and predict future growth trajectories with confidence.
• It delivers insights into product innovations, including AI-powered home ecosystems, IoT-enabled commercial units, energy-efficient designs, and customizable refrigeration solutions, highlighting how manufacturers are adapting to evolving consumer and business needs.
• The study presents an in-depth competitive landscape, profiling leading domestic and international refrigerator manufacturers, detailing their strategic initiatives, product portfolios, and technological advancements that influence market positioning.
• Regional analysis identifies emerging markets, growth hotspots, and shifting consumer preferences across Australian states, providing a clear picture of geographic demand distribution and opportunities for targeted expansion.
• The report offers an investment-focused outlook supported by quantitative and qualitative data, equipping investors and businesses with actionable intelligence to make informed decisions regarding market entry, partnerships, and long-term growth strategies.

Why Choose Expert Market Research?

• Trusted insights backed by extensive primary research and verified market data ensure accuracy and reliability for strategic planning.
• Actionable intelligence enables businesses to make informed operational, marketing, and investment decisions in the rapidly evolving Australian refrigerator industry.
• Detailed region-wise, product-specific, and segment-oriented analysis supports identification of opportunities and competitive advantages for companies seeking to strengthen their market presence.

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