Three years after the epidemic, the demand continues to be strong, and the production of refrigerators and freezers is not difficult to make in China
In the past two years of the epidemic, continuous demand has kept refrigerators and freezers from growing in production and sales.
According to statistics from Industry Online, the global sales volume of refrigerators and freezers in 2021 will reach 211.05 million units, a year-on-year increase of 8.5%. Except for Vietnam, South Africa and other countries and regions where a new round of severe epidemics broke out in 2019, the refrigerator and freezer market in most parts of the world has maintained a relatively high growth rate, of which Europe has the highest growth rate. In 2021, the entire European market will exceed 44 million units, a year-on-year increase close to 16%.
Behind the continued growth in sales is a strong recovery in production.
In 2020, due to the significant epidemic control and the first recovery of production in China, most of the world’s orders are concentrated in China’s refrigerator and freezer manufacturing industry – production increased by 15.9% year-on-year, which is the only positive growth compared to all continents in the world. In 2021, China’s refrigerator and freezer production will continue to grow despite various conditions such as supply chains remaining tight and global production resuming.
As the home appliances most closely related to daily life, the technological maturity of refrigerators and freezers is at the forefront of all major home appliances. As the core components for the production of refrigerators and freezers, the production capacity of China’s refrigerator compressor industry has doubled compared to ten years ago, and will directly soar to 270 million units in 2021. “Electrical Appliance” magazine pointed out that starting from the end of 2020, several domestic mainstream refrigerator compressor manufacturers have launched production expansion plans, spending huge sums of money to expand new factories and new production lines; more foreign brands have transferred overseas production lines to China, further expanding production capacity; industry It also added a refrigerator compressor factory targeting small and medium-sized customers.
Unlike the rapid growth of household refrigerators under the influence of the strong epidemic in 2020, the growth of commercial refrigerator equipment in 2021 will be more significant. Thanks to the relief of the epidemic and the recovery of the global economy, the sales of commercial refrigerators will rebound in 2021, and all types of commercial refrigeration equipment will also achieve positive growth. Among them, medical refrigerators are the most prominent, with an increase of nearly 60% driven by vaccines and related policies; in addition, beverage refrigerators are also in the distribution of upstream beverage emerging companies, showing a peak of growth in recent years. In the long run, the growth point of refrigerators and freezers in the future may shift from household products to commercial products.
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Post time: Oct-14-2022