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As of November 2020, the industry was estimated to be worth ৳ 26700 crore (US$2.2 billion), with a yearly growth rate of 11%. [1] As of 2024, locally manufactured and assembled televisions had a 90% market share, 70% to 75% air conditioners (AC) were manufactured locally and 80% domestic demands of refrigerators were met by local manufacturers.
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
Food in a refrigerator with its door open. A refrigerator, commonly shortened to fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so that its inside is cooled to a temperature below the room temperature. [1]
Freon led to the development of smaller, lighter, and cheaper refrigerators. The average price of a refrigerator dropped from $275 to $154 with the synthesis of Freon. This lower price allowed ownership of refrigerators in American households to exceed 50% by 1940. [37]
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Common absorption refrigerators use a refrigerant with a very low boiling point (less than −18 °C (0 °F)) just like compressor refrigerators.Compression refrigerators typically use an HCFC or HFC, while absorption refrigerators typically use ammonia or water and need at least a second fluid able to absorb the coolant, the absorbent, respectively water (for ammonia) or brine (for water).