The global portable fridges market was valued at US$ 2,792.8 Mn in 2016 and is projected to register a CAGR of 3.8% from 2017 to 2022. The compressor portable fridge segment in the global portable fridges market is estimated to account for major revenue share of 66.7% in 2017 owing to features such as lower battery consumption and lesser noise as compared to other types. Also, it comes with temperature control knob, which is a major factor driving demand for compressor portable fridges currently.
Portable fridges are compact fridges that run on car battery, gas, and solar and are used to cool or preserve food, drinks, etc. on the go or on long trips. Rising trend of individuals engaging in adventure activities such as trekking, hunting etc., and travel is a primary factor driving growth of the global market. In addition, low maintenance cost, compact design, and lower energy consumption are other factors driving growth of the global portable fridges market.
Technological advancements such as USB charging option and Wi-Fi control, and increasing adoption of solar operated portable fridges are some other factors driving growth of the global portable fridges market. However, high product cost is a major factor hampering growth of the global portable fridges market.
Companies profiled in the report are Arb Corporation ltd., Dometic Group, Sawafuji Electric Co. Ltd., Living Direct, Inc., Whynter LLC, Newell Brands, Haier Inc., Indel B. s.p.a., Evakool, DP Refrigeration Ltd., Fridgefreeze Inc., Gourmia.