Panasonic bets big on AI to drive refrigerator business

Eyes 5% market share in the Refrigerator segment  

Panasonic bets big on AI to drive refrigerator business

New Delhi: To beat the summer heat, Panasonic India, a diversified technology company, aims to enhance customer experience with its AI enabled Refrigerator range powered by its unique Econavi technology. Catering to the evolving consumer lifestyle and the growing preference for smart appliances, Panasonic AI Refrigerators provide optimum cooling and upto 49% power saving with its intelligent Econavi sensors along with best in class 6-speed Inverter Compressor. The AI-enabled double-door frost-free Refrigerator range is available in the capacity of 270L to 601L.

With the help of cutting-edge Econavi sensors, Panasonic AI Refrigerator monitors patterns and then adapts the energy usage around one’s lifestyle automatically. By monitoring lights, internal and ambient temperature and door opening/closing patterns; Econavi technology, in conjunction with 6 speed Inverter compressor, allows refrigerators to regulate temperature in real – time and save energy without compromising on the freshness of the food.
Talking about the AI range, Mr. Harshal Soman, Head - Home Appliances Business, Panasonic India said, "Artificial Intelligence has ushered in a new era in the home appliances segment and has changed the way consumers are relying on their appliances to bring efficiency and comfort to their day-to-day lives. Catering to this need for enhanced product experience, we are continuously reinventing and strengthening our home appliance portfolio with advance AI technology such as Econavi and Inverter features. With the refrigerator household penetration of only 40%, there is a huge opportunity to tap in the Indian market. With the AI-enabled series, which is manufactured at our Jhajjer Technopark (Haryana) in India, we are targeting a market share of 5% by the end of FY20-21.”