North America & Europe Smart Kitchen Appliances Market Analysis by Size, Share and Forecast 2023 | Breville Group Ltd., Whirlpool Corp., Hamilton Beach Brands, Inc., Samsung Electronics Co., Ltd.

The North America and Europe market for smart kitchen appliances has witnessed continued demand during the last few years and is projected to reach USD 5906.78 Million in North America and USD 5595.05 Million in Europe by 2023. Diverse demand of Smart Kitchen Appliances across various countries of developed regions are likely to drive the North America and Europe Smart Kitchen Appliances market. High efficiency of the appliances is anticipated to fuel up the market demand for smart kitchen appliances in both the regions and also on a global level. Increase in disposable income in Europe and North America is likely to attract the consumers resulting in higher sale of smart kitchen appliances.

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Top 10 Key Players:

Breville Group Ltd.
AB Electrolux
Hamilton Beach Brands, Inc.
Robert Bosch GmbH
Whirlpool Corp.
Samsung Electronics Co., Ltd.
Tovala
Vorwerk Elektrowerke GmbH & Co. KG
Hestan Cue, Inc.
Lakeland Limited
Etekcity Corporation

Market Segments:

By 2023, on the basis of product-type, the intelligent pan will experience the highest growth rate in both the regions based on the diverse and vital applications of intelligent pans in cooking. The smart pan market will grow at a growth rate of 18.87% in North America and will experience a growth of 19.64% in Europe. Smart kitchen appliances are convenient to use and can be operated by consumers of any age group. All these factors contribute to the high growth of these appliances based on their intelligent in-built technologies. Also, the non-store based sale of the smart kitchen appliances will dominate the market share in both the regions.

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Residential application of smart kitchen appliances will continue to dominate the market followed by commercial application over the forecast period. Additionally, the higher demand from consumer’s end for efficient cooking appliances will drive the market in these regions. Wireless sensor networks are projected to hold the major market share in both the regions owing to escalating use of the technologies in various other fields and convenient applications in the industries.

Table Of Contents

1 Report Prologue

2 Introduction

2.1 Definition

2.1.1 Smart Kitchen Appliances

2.2 Scope Of The Study

2.2.1 Research Methodology

2.3 Assumptions

2.4 Limitations

2.5 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

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Geographical Analysis:

Among the regions, North America will continue to dominate the smart kitchen appliances market with more than 50% market share and it is projected to reach more than USD 5,906 Million with CAGR of 18.08% by 2023. Europe will witness the highest growth rate (~18.82%) during the forecast period 2017-2023. Growing popularity of smart kitchen appliances owing to their power saving capacity and eco-friendly technology is supporting their market growth in North America and Europe. Developing economy and increasing disposable income are playing a key role in the smart kitchen appliances market growth from the last few years.

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This release was published on openPR.