Press release
Smart Kitchen Appliance Market 2018-2027 Industry Growth, Key Players AB Electrolux, BSH Home Appliances, Breville Group, GE Appliances, LG Electronics, Philips, Panasonic Corporation , Samsung
The global smart kitchen appliance market revenue accounted to US$ 13.6 Bn in 2018 and is expected to grow at a CAGR of 14.7% during the forecast period 2019 – 2027, to account to US$ 43.4 Bn by 2027. Whereas, by volume, the global smart kitchen appliance market is expected to grow at a CAGR of 17.2% during the forecast period.
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The smart kitchen appliance Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Some of the important players in smart kitchen appliance market are AB Electrolux, BSH Home Appliances Group, Breville Group Limited , GE Appliances (A Haier Company), LG Electronics Inc., Philips, Panasonic Corporation , Samsung, Vita-Mix Corporation, Whirlpool Corporation .
Rise in internet penetration is projected to accelerate sales opportunities for Smart Kitchen Appliances Manufacturers:
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.
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Strategic Insights:
Market Initiatives was observed as the most adopted strategy in the global smart kitchen appliance market. Few of the recent market initiatives are listed below:
2019: Whirlpool Corporation showcased its latest smart home appliance innovations at the 2019 NAHB International Builders' Show (IBS), Las Vegas. The company showcased KitchenAid Smart Oven+ with Powered Attachments, Whirlpool Smart Front Control Range, and KitchenAid Limited Edition 36" 6-Burner Dual Fuel Freestanding, Commercial-Style Range.
2018: Electrolux expanded its collaboration with Google by integrating connected kitchen products in Europe with the Google Assistant, enabling consumers to control products using voice commands.
2018: BSH Hausgeräte GmbH acquired approximately 65 percent of the global food platform Kitchen Stories. With this strategic investment in digital services, BSH is on track to become an integrated hardware, software and service provider.
Global Smart Kitchen Appliance Market Segmentation:
Global Smart Kitchen Appliance Market – By Product Type
• Smart Ovens
• Smart Refrigerators
• Smart Sous Vide
• Smart Juicers & Blenders
• Smart Cooker & Cooking Robots
• Smart Cooktops
• Smart & Integrated Ovens & Cooktops
• Others
Global Smart Kitchen Appliance Market – By Connectivity Technology
• Wi-Fi
• Bluetooth
Global Smart Kitchen Appliance Market - By End User
• Commercial
• Residential
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Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@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.
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