openPR Logo
Press release

Smart Kitchen Appliance Market to Grow at 14+% CAGR to Reach $40.5 Billion by 2027 Led by GlenDimplex, Gorenje, Gourmia, Hisense, IKEA, Instant Brands, John Lewis, Joules, Liebherr

06-12-2019 08:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Smart Kitchen Appliance Market

Smart Kitchen Appliance Market

The global smart kitchen appliance market revenue accounted to US$ 12.6 Bn in 2018 and is expected to grow at a CAGR of 14.9% during the forecast period 2019 – 2027, to account to US$ 40.5 Bn by 2027. Whereas, by volume, the global smart kitchen appliance market is expected to grow at a CAGR of 17.3% during the forecast period.

The Smart Kitchen Appliance Market report provides the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and more. The report alongside offer new task SWOT examination, speculation attainability investigation, and venture return investigation.

Download Sample PDF Brochure of this Research Report at @ bit.ly/2KfePy9

The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure.

Studies the latest industry trends, market development aspects, market gains, and industry scenario during the forecast period. The report provides the details related to fundamental overview, development status, latest advancements, market dominance and market dynamics.

The List of Companies

AB Electrolux
Breville Group
BSH Home Appliances
GE Appliances
Joules Limited
LG Electronics
Panasonic
Samsung
Vita-Mix
Whirlpool

The rising number of high net worth individuals in these regions are fueling the growth of smart kitchen appliance market. Additionally, the smart kitchen appliance market is heavily captured by numerous well-established and globally renowned manufacturers as well as tier-2 companies and startups, which offer various types of smart kitchen appliances. This factor is also influencing the residential as well as commercial end users to procure smart kitchen appliances, thereby, catalyzing the growth of smart kitchen appliance market.

Several developed countries in North America and Europe has witnessed the growth in adoption of smart kitchen appliances, which is majorly attributed to the significant rise in Internet of Things (IoT). The availability of better internet infrastructure in the regions mentioned above has enabled the end users to procure smart kitchen appliances, thereby, have boosted the growth of smart kitchen appliances market size. Similarly, the Asia Pacific region is also witnessing staggering growth in internet penetration owing to the advancements in internet infrastructure.

The growth trajectory of the smart home industry is consistently rising, and the same is expected to surge exponentially in the years to come. The smart kitchen appliance market is also anticipated to grow in the coming years, with the increasing number of partnerships among the players operating in the ecosystem. The growing alliances would benefit the developers to innovate and design advanced technology appliances and would also facilitate in reducing the upfront cost of the appliance. This factor is foreseen to increase the procurement volume of smart kitchen appliances during the forecast period, thereby, helping the market to foster.

Inquire about this Report at bit.ly/2wLtxEz

Product Type Insights

The global smart kitchen appliance market by product type is segmented into smart ovens, smart refrigerators, smart sous vide, smart juicers & blenders, smart cookers & cooking robots, smart cooktops, smart integrated ovens & cooktops, and others. Smart refrigerators by revenue dominates the smart kitchen appliance market heavily, however, smart ovens by volume dominates the market and is expected to continue its dominance throughout the forecast period from 2019 – 2027.

The smart kitchen appliance market revenue by connectivity technology is further segmented into Wi-Fi and Bluetooth technologies. Wi-Fi dominates the smart kitchen appliance market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. The growing adoption rate of Wi-Fi enabled smart kitchen appliances among residential and commercial end users, is catalyzing the growth of connectivity technology segment in a smart kitchen appliance market.

The smart kitchen appliance market revenue by end user is segmented into residential and commercial. The smart kitchen appliance market by residential segment led the market in 2018 with the maximum market share and is expected to continue its dominance during the forecast period. Due to traditional heating kitchen appliances, the homeowners look ahead for technological advanced and aesthetic, smart kitchen appliances. In addition to adoption of smart kitchen appliances, homeowners with high net worth possess high usage of these connected and smart kitchen appliances to ease their regular activities of kitchen.

Smart Kitchen Appliance Market to 2027 – Global Analysis and Forecasts by Product (Smart Ovens, Smart Refrigerator, Smart Juicers & Blenders, Smart Cookers & Cooking Robots, Smart Cooktops, Smart Integrated Cooktops & Ovens, Smart Sous Vide, and Others); Connectivity Technology (Wi-Fi and Bluetooth); End User (Residential and Commercial)

Buy Now@ bit.ly/2Xeoify

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Smart Kitchen Appliance Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the global Smart Kitchen Appliance Market, thereby allowing players across the value chain to develop effective long-term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Kitchen Appliance Market to Grow at 14+% CAGR to Reach $40.5 Billion by 2027 Led by GlenDimplex, Gorenje, Gourmia, Hisense, IKEA, Instant Brands, John Lewis, Joules, Liebherr here

News-ID: 1773554 • Views: 245

More Releases from The Insight Partners

Gear Motors Market Segmentation, opportunities, market size, analysis and Key Pl …
The gear motors are motive force systems integrating an electric motor and a reduction gear train in a single easy-to-mount configuration. These motors are specifically designed to produce a higher torque while maintaining lower horsepower or low motor output. It can either be an alternating current (AC) or direct current (DC) motor. Gear motors reduce speed in a series of gears to create more torque. This enables economical use of
Hermetic Packaging Market Analysis, Size, Growth and Forecast to 2027 – Key Pl …
Hermetic packaging is an advanced level packaging technology that has its primary applications in passive and active electronic devices. With rapid innovation in microelectronics, the requirement for airtight packaging is flourishing in the semiconductor industry. Hermetic packaging is one such airtight seal which is made up of ceramic materials, metals and glass. It benefits in preventing the moisture content get in touch with the materials. Unlike plastic, hermetic products protect
Essential Oils Market Huge Growth is Projected by 2027 | Profiling Global Player …
This market research report provides a big picture on “Essential Oils Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press releases. Furthermore, the study explains the future opportunities and a sketch of key players involved in the “Essential Oils Market’s hike in terms
Light Tower Market to 2027 Regional Analysis, Tremendous Growth and Key Players: …
The light tower is a part of portable equipment having one or more high-intensity electric lamps with a mast. The electric lamps may be LED or metal halide which is powered by generators. The light towers are useful in construction activities, mining, sporting events and oilfield applications. In construction applications, these are of utmost importance in ensuring the workers' safety as well as visibility. The quality of the light provided

All 15787 Releases


More Releases for Smart Appliance Kitchen

Global Smart Kitchen Market 2019 - Haier Group, BSH Appliance, Panasonic, Robam, …
Smart kitchen appliances refers to the introduction of microprocessors and computer technology to the production of electrical equipment, the formation of intelligent kitchen, electrical products with active monitoring of their own failure and active control and active adjustment and other intelligent function. Scope of the Report: This report focuses on the Smart Kitchen in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes
Smart Kitchen Appliances Market is Booming | Haier Group, BSH Appliance, Miele & …
HTF MI recently introduced Global Smart Kitchen Appliances Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Whirlpool Corporation, AB Electrolux, Samsung Electronics, LG Electronics, Haier Group,
Global Smart Kitchen Market 2018 - BSH Appliance, Miele Cie KG, Panasonic, Robam …
Eminent Market, recently published a detailed market research study focused on the “Smart Kitchen Market” across the global, regional and country level. The report provides 360° analysis of “Smart Kitchen Market” from view of manufacturers, regions, product types and end industries. Smart kitchen appliances refers to the introduction of microprocessors and computer technology to the production of electrical equipment, the formation of intelligent kitchen, electrical products with active monitoring of
Global Smart Kitchen Appliances Market 2018 Top Players Analysis - BSH Appliance …
Global Smart Kitchen Appliances Market 2018-2025 A detailed market study on "Global Smart Kitchen Appliances Market" examines the performance of the Smart Kitchen Appliances market. It encloses an in-depth Research of the Smart Kitchen Appliances market state and the competitive landscape globally. This report analyzes the potential of Smart Kitchen Appliances market in the present and the future prospects from various angles in detail. The Global Smart Kitchen Appliances Market 2018 report