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Smart Refrigerator Market size is set to grow by USD 6.72 billion from 2024-2028, New product launches boost the market, Technavio

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NEW YORK, June 24, 2024 /PRNewswire/ — The global smart refrigerator market size is estimated to grow by USD 6.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 22%  during the forecast period. New product launches is driving market growth, with a trend towards growing adoption of iot-enabled devices. However, cyber-attacks due to security issues related to internet connectivity  poses a challenge. Key market players include Electrolux AB, General Electric Co., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., Lenovo Group Ltd., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Smeg S.p.a., THOR Kitchen Inc., Toshiba Corp., and Whirlpool Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Refrigerator Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22%

Market growth 2024-2028

USD 6722.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.33

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Electrolux AB, General Electric Co., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., Lenovo Group Ltd., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Smeg S.p.a., THOR Kitchen Inc., Toshiba Corp., and Whirlpool Corp.

Market Driver

The Intelligent Digital Network (IDN) revolution in home appliances enables smart refrigerators to connect and be controlled online. Samsung’s launch of a 4-door French refrigerator with AI family hub in April 2024 is a significant development. This innovative product offers features like remote refrigerator monitoring, messaging, doorbell identification, thermostat adjustment, CCTV access, and recipe suggestions. These advanced functionalities are driving the expansion of the global smart refrigerator market. 

The smart refrigerator market is experiencing significant growth with advanced technologies such as voice recognition, touch screens, and connectivity. Tech-savvy consumers are increasingly preferring these modern appliances for their convenience and efficiency. Refrigerators with tech features like temperature control, food expiration alerts, and compatibility with smart home systems are trending. Brands are focusing on improving user experience and integrating these features seamlessly. The market is expected to continue growing as technology advances and consumer demand increases. Smart refrigerators offer a combination of functionality and innovation, making them a must-have in modern kitchens. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The smart refrigerator market faces challenges due to vulnerabilities in device security. With increasing IoT integration, refrigerators and other household appliances become targets for cyber-attacks. Weak security parameters and connectivity with other devices pose risks to consumer data. Vendors are addressing these concerns by enhancing software and IoT features. However, the rush to launch new products may result in inadequate security measures, creating opportunities for hackers to exploit personal information or launch larger-scale attacks. This security issue may hinder market growth during the forecast period.

•         The smart refrigerator market is experiencing significant growth due to the integration of advanced technologies such as Wi-Fi connectivity, touchscreens, and voice recognition. However, there are challenges that need to be addressed to ensure the success of this market. One challenge is ensuring compatibility with various home automation systems and appliances. Another challenge is ensuring energy efficiency and reducing power consumption. Additionally, ensuring user-friendly interfaces and seamless integration with food delivery services are crucial for customer satisfaction. Furthermore, ensuring data security and privacy are essential to protect consumer information. Overall, addressing these challenges will help drive innovation and growth in the smart refrigerator market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This smart refrigerator market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineEnd-user 2.1 Residential2.2 CommercialGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline-  The Smart Refrigerator Market is experiencing significant growth due to increasing consumer demand for convenience and technology integration in household appliances. These refrigerators offer features such as temperature control, inventory management, and compatibility with voice assistants, making them an essential addition to modern kitchens. Manufacturers continue to innovate, integrating new technologies like Wi-Fi connectivity and energy efficiency, further enhancing their appeal to consumers.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The smart refrigerator market is experiencing significant growth due to the integration of electricity-powered smart technologies in everyday appliances. These advanced devices offer both convenience and efficiency for tech-savvy millennials. Smart refrigerators, equipped with intelligent sensors, monitor power consumption and enable timely usage to prevent wastage. The market for smart home products, including smart refrigerators, is expanding as consumers seek to optimize their living spaces. Digital features, such as touch screens and RFID scanners, allow users to easily manage food items and access real-time information. Connectivity options enable remote monitoring and timetabled tasks, adding to the convenience and appeal of these intelligent appliances. Despite the benefits, restrictive containment measures may impact the market’s growth in certain regions. Overall, the smart refrigerator market is poised for continued success in the era of smart homes and advanced sensors.

Market Research Overview

The Smart Refrigerator Market is experiencing significant growth due to the increasing demand for advanced home appliances. These refrigerators are equipped with features like temperature control, inventory management, and energy efficiency. The integration of the Internet of Things (IoT) and artificial intelligence (AI) is enabling these appliances to learn consumer behavior and optimize energy usage. The market is driven by factors such as rising disposable income, urbanization, and changing consumer preferences. The use of sensors and connectivity is enabling manufacturers to offer personalized services and remote monitoring capabilities. The market is expected to continue its growth trajectory in the coming years, with innovations in technology and design being key drivers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineEnd-userResidentialCommercialGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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AI Wellness Unveils Mission 2025 at CES–Revolutionizing Health, Education, and Philanthropy with Digital Avatars, Wellness Bundles, and the Ask My Avatar Challenge

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — AI Wellness (Assisted Intelligence Wellness) is taking center stage at CES 2025 with Mission 2025—a groundbreaking initiative fusing AI-powered Digital Avatars, Curated Wellness Bundles, and the Ask My Avatar Challenge to transform lives, inspire innovation, and fuel philanthropy.

 

This revolutionary platform isn’t just imagining the future—it’s building it, and empowering individuals and businesses to reimagine wellness, education, and impact. Mission 2025 proudly supports four trailblazing nonprofits: Grey Team, Gold Meets Golden, Coalition for Radical Life Extension, and Roots of Promise.

Meet the Future: AI Wellness Digital Avatars

AI Wellness is putting AI-powered Digital Avatars in the spotlight—game-changers for education, engagement, and efficiency:

Personalized Learning – Insights customized to individual goals.Time-Saving Automation – Freeing professionals to focus on purpose and impact.Scalable Engagement – Virtual consultations, wellness insights, and interactive training tools.

“Our avatars don’t just share information—they inspire transformation,” says Abby Aboitiz, Founder of AI Wellness.

Co-Founder Dr. Gideon Kwok shares:
“I’ve created my own spatial digital avatar—and it’s absolutely surreal! It’s my voice, my personality, and my expertise, captured in AI form. Now I can be in multiple places at once—educating, training, and inspiring—without ever leaving my office!”

Ask My Avatar Challenge: A Year-Long Quest for Discovery

Ready to dive into the future of AI wellness?

AI Wellness invites attendees to experience the Ask My Avatar Challenge—an interactive, year-long wellness journey kicking off at CES Week 2025:

Where to Experience It:Booth #55026 at our partner booth JC Live – Venetian Hall A-D. (Just to the right of the AARP booth)Desert Moon Wellness Clinic– Celebrated as the first Top 111 Clinic.

Interactive Experiences Include:

AI Wellness Mirrors – Real-time wellness insights and tools powered by AI avatars.Wellness Partnership locations– Hosted in spas, clinics, salons, and more globally.

Can’t make it to CES?
No problem! Reach out to AI Wellness to join us or partner with us at any of our 8 activations health/wellness events happening across the country throughout 2025.

Curated Wellness Bundles: Transforming Wellness—One Experience at a Time

AI Wellness Bundles combine top-tier products, diagnostics, and education for a 360° approach to transformation:

Instant Results – Real-time diagnostics and actionable insights.Personalized Pathways – Solutions for physical, mental, and emotional well-being.Purpose-Driven Impact – A portion of proceeds supports featured nonprofits.

Top 111 Clinics: Honoring Visionaries in Wellness Innovation

AI Wellness proudly names Desert Moon Wellness as the first inductee in the Top 111 Clinics, honoring its leadership in merging AI-powered health solutions with transformative care.

CES 2025 Spotlight: Where Innovation Meets Inspiration

Look for the AI Wellness Team during CES Week—they’ll be scouting:

Top 111 Forward Thinkers.Top 111 Innovators.Top 11 Original Genius Ideas.Create your Digital Avatar

How to Find Us:

AI Wellness TV Shirts – Look for our dynamic, standout team.AI Power Suits – Worn by TV hosts showcasing our signature logo.

Win Big with Raffles and Giveaways:

Nudora Gut Health Wellness Products.epsolution™: A premium blend of Magnesium Sulfate Epsom Salt and Siberian Fir essential oil, created by Nick and Nikki Giacara. Learn MoreMr. Lulu Skincare: Targeting pigmentation concerns like dark spots, acne scars, sun damage, melasma, and dull skin. Learn MoreGlobal Healing: Cutting-edge wellness products founded by Dr. Edward Group. Learn MoreSilverceuticals: Advanced silver-based health solutions by Dr. Keith Moeller. Learn MoreRejuran Scar Gel: A revolutionary approach to skincare and healing.Mindbody Matrix Water: A wellness breakthrough by Dr. TK Hyun. Learn MorePneuma Nitric Oxide: Solutions for nitric oxide health by Dr. Nathan Bryan. Learn MoreVisual Healing Experience: A collaboration between Louie Schwartzberg’s Moving Art, Assisted Intelligence Wellness, and Earable Neuroscience.More Exciting Prizes!

Mission 2025: Innovation That Moves the World

Mission 2025 is more than a campaign—it’s a movement built on the belief that education drives transformation.

Key Initiatives Include:

Angels of Alignment Gala – Honoring changemakers leading the wellness revolution.Ask My Avatar Challenge – A year-long exploration of AI-powered wellness.Top 111 Nominations – Recognizing trailblazers shaping the future.SMART Protocol – A cutting-edge roadmap for reaching wellness goals.

Your Mission Starts Now!

Ready to transform health, wellness, and education?

Visit us online to:

Build Your Digital Avatar.Join the Ask My Avatar Challenge.

info@aiwellness.ai
www.aiwellness.ai

Welcome to the Future. Welcome to Mission 2025.

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SOURCE Assisted Intelligence Wellness, Inc.

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job. Lookalikes™ revolutionizes sourcing by discovering candidates that match highly specific Archetypes, built with AI or by a recruiter. Results can be sorted by Predicted Interest™ in a new job, improving time-to-hire.

CLEVELAND, Jan. 9, 2025 /PRNewswire-PRWeb/ — HR Signal®, a leading HR technology company, today announced the launch of Lookalikes™, an AI-powered candidate sourcing platform for recruiters that transforms how to find and rank top talent. The platform enables recruiters to instantly discover people by using Archetypes to eliminate hours of manual searching and dramatically improve candidate quality.

“Recruiters can now instantly find qualified candidates who match their needs and are likely interested in a new job. “

Recruiters can build candidate Archetypes in two ways: providing an ideal candidate or building a custom profile by entering specific job experiences and background requirements. Lookalikes™ uses proprietary AI to identify and rank potential candidates by how well they match the Archetype.

Unlike traditional sourcing tools that require extensive Boolean searches or limit profile views based on connection levels, Lookalikes™ gives recruiters unrestricted access to search over 1.3 billion people.

“Today’s recruiters face unprecedented challenges in finding and engaging the right talent,” said Sagy Cohen, CEO of HR Signal®. “We created Lookalikes™ to eliminate the manual effort in candidate sourcing. Instead of spending hours crafting complex searches or hitting professional network connection limits, recruiters can now instantly find qualified candidates who match their needs and are likely to respond. This is sourcing reimagined – faster, smarter, and more effective.”

Lookalikes™ biggest innovation is the ability to rank candidates by their Predicted Interest™ in a new position, helping recruiters focus their efforts on the most promising prospects.

Key features of Lookalikes™ include:

Unlimited viewing of 1.3+ billion candidates without connection-level restrictionsAI-powered results based on ideal candidate ArchetypesRank candidates by Predicted Interest™ in a new jobReal-time market insights for more informed salary discussionsBuilt-in tenure benchmarking analyticsUnlimited exports to any ATS or HRIS system, with direct integration available for team licensesAbility to create and share talent pools within hiring teams

“For decades, we have experienced firsthand how challenging it is to find the right talent,” said Andrew Spott, President of HR Signal®. “Lookalikes™ not only helps recruiters find better candidates faster but also provides them with valuable market intelligence about compensation, hiring demand, and tenure benchmarks. This data helps recruiters have more informed conversations with both candidates and hiring managers.”

Lookalikes™ is available for individual users, recruiters, in-house talent acquisition and for large enterprise teams starting at $50/month. A free trial is available without any credit card.

For more information, visit https://www.hirelookalikes.com

About HR Signal®

Founded by AI engineers and experienced executives, HR Signal® leverages its proprietary Workforce Insights Engine™ to analyze over 1.3 billion career paths, providing unprecedented insights into talent movement and career progression patterns. HR Signal® is venture capital backed and committed to helping companies grow and employees thrive.

Media Contact

Andrew Spott, Lookalikes by HR Signal, 1 888-333-6755, lookalikes@hrsignal.com, https://www.hirelookalikes.com

View original content to download multimedia:https://www.prweb.com/releases/hr-signal-launches-lookalikes-a-sourcing-platform-for-recruiters-that-uses-ai-to-find-better-candidates-instantly-and-predict-their-interest-in-a-new-job-302346706.html

SOURCE Lookalikes by HR Signal

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Nonprofit CEOs Took the Stage at CES 2025 to Shine Spotlight on How They Use AI and Tech to Treat and Cure Critical Diseases

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Moore CEO Gretchen Littlefield hosted a Great Minds panel on how big data and tech are being leveraged to progress treatments and cures for cancer, heart disease, Alzheimer’s disease and cleft lip and palate.

LAS VEGAS, Jan. 9, 2025 /PRNewswire-PRWeb/ — Today at CES®, leaders from the most respected brands in the purpose-driven sector discussed how data, artificial intelligence and technology are being used to solve some of the world’s most pressing problems during a panel discussion entitled “Mission Driven Innovation: Solving Humanity’s Biggest Challenges.” The session was streamed live and is available now on the CES website for replay.

The panel was moderated by Moore CEO, Gretchen Littlefield, and included:

    Nancy Brown, CEO, American Heart Association    Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society    Susannah Schaefer, CEO and president, Smile Train    Dr. Joanne Pike, CEO and president, Alzheimer’s Association

The panelists shared key learnings and insights about the innovations they are driving within their organizations and the purpose-driven sector.

“The American Heart Association has always been a trailblazer in driving innovation at the intersection of science and patient-centered technology to further strengthen heart and brain health. As we begin our second century, we will continue advancing health and hope for everyone, everywhere,” said Nancy Brown, chief executive officer of the American Heart Association.

“As AI continues to evolve, the American Cancer Society will continue to explore its potential to improve the lives of cancer patients and their families,” said Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society and American Cancer Society Cancer Action Network. “We want to ensure its use remains responsible, ethical and equitable and that it also prioritizes the relationship between health care professionals and those they serve.”

“Smile Train’s focus on innovation and technology has transformed millions of lives through cleft care in the last 25 years and promises an even brighter future for our patients,” said Susannah Schaefer, president and CEO of Smile Train. “From virtual reality surgical training and solar-powered operating rooms to digital tools connecting patients in remote areas, we are bridging gaps in cleft treatment and reshaping global health altogether.”

“We are at a transformational moment in Alzheimer’s disease and dementia. Rapid advances in technology are speeding the pace of discovery around how we prevent, detect and treat Alzheimer’s and dementia, while helping the Alzheimer’s Association more effectively and efficiently meet the needs of people living with dementia, their families, and their communities,” said Joanne Pike, DrPH, president and CEO of the Alzheimer’s Association. “We expect continued advances in innovation will further enhance both how we work and how we serve the people who count on us for information and support.”

“Moore is proud to be on the forefront of helping these amazing organizations advance their missions,” said Littlefield. “This is an exciting time to be in the technology industry and knowing that our work helps drive their impact makes it all the more rewarding.”

Part of the “CES 2025 Great Minds Series,” the panel discussion took place during CES 2025, on Thursday, Jan. 9, in the Las Vegas Convention Center. The recorded session is available here.

About Moore
Moore is a data-driven constituent experience management (CXM) company achieving accelerated growth for customers through integrated supporter experiences across all platforms, channels and devices. We are an innovation-led company that is the largest marketing, data and fundraising company in North America serving the purpose-driven industry with customers across education, association, political and commercial sectors.

Moore combines our strength in technology and unmatched industry expertise to provide a full platform of communications, data, digital, media, production and response management solutions. Our omnichannel solutions are powered by an ongoing investment in next-generation artificial intelligence and machine learning that deepens constituent relationships and creates transformational growth. To learn more, visit wearemoore.com.

Media Contact

Mac McKeever, Moore, 207-841-6110, mmckeever@wearemoore.com, https://wearemoore.com/

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SOURCE Moore

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