According to a new report, published by KBV research, The Global Minibar Refrigerators Market size is expected to reach $427.2 million by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,964.9 thousand units, experiencing a growth of 4.0% (2019-2022).
The Hospitality segment is leading the Market, by End-use in 2022, thereby, achieving a market value of $279.4 Million by 2030. One of the primary drivers for the demand for minibar refrigerators in the hospitality sector is the heightened emphasis on personalized and immersive guest experiences. These compact refrigerators are strategically placed within the aircraft's cabin for passengers and flight attendants to quickly access. In some public vehicles, minibar refrigerators may be installed to offer passengers cold drinks and snacks during their journey.
The Thermoelectric/ Peltier segment is leading a CAGR of 5.3% during (2023 - 2030). The demand is compelled by several key factors contributing to its growing popularity and adoption. One of the primary factors is the increasing need for energy-efficient and eco-friendly cooling solutions. Thermoelectric/Peltier technology offers a distinct advantage, as it operates without refrigerants or compressors, which are associated with higher energy consumption and potential environmental harm.
The Europe region dominated the Global Minibar Refrigerators Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $134.3 Million by 2030. The North America region is experiencing a CAGR of 3.5% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 4.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/minibar-refrigerators-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dometic Group AB, Felix Storch Inc., Minibar Systems, Indel B Group, Hisense International Co., Ltd., Omnitec Systems S.L., Royal Minibars, Tefcold A/S (Lindblad Group ApS), Koolatron Corporation and Bartech Systems international Inc.
By End-use (Volume, Thousand Unit, USD Million, 2019-30)
By Technology (Volume, Thousand Unit, USD Million, 2019-30)
By Geography (Volume, Thousand Unit, USD Million, 2019-30)
Companies Profiled
Unique Offerings 
