Smart Kitchen Appliances Market: Research Report Overview by Industry Size, Share, Trends, Growth & Leading Players (2021-2027)
As per the research report, Smart Kitchen Appliances Market is expected to exceed US$ 41 Billion by 2027 expanding at a reasonable CAGR of 14.2% during the forecast period (2021-2027) from US$ 17.2 Billion in 2020. Smart kitchen appliances offer intelligence and communications to enable automatic or remote control based on user preferences or external signals from a utility or third-party energy service provider. 65% of Americans have at least one smart home device, and many purchased the smart technology because it’s better for the environment. The most popular smart home devices among our respondents included speakers (31%), thermostats (24%) and lighting (20%). Of the people who own a smart device, 49% have a smart home device that could be considered environmentally friendly. These include a smart thermostat/AC, lighting, kitchen appliances, plugs/outlets, vacuums and sprinklers.
For complete research, request for Sample of the report browse through – https://univdatos.com/request_form/form/382
As per the survey conducted by Scripps Network Interactive it was found that respondents considered technology in the kitchen as “nice-to-have.” Furthermore, 40% of respondents said they “aren’t interested in connected appliances and expressed skepticism of the utility of kitchen-related tech beyond the ‘gee-whiz’ factor.” Smaller kitchen gadgets fared a bit better in the survey with “small kitchen appliances” leading the respondents’ wish lists, followed by automatic cleaning devices and voice-controlled devices. Increasing penetration of smart home, consumer inclination towards smart kitchen appliances, and rising disposable income are driving the market. In addition, increasing spending on home improvement projects and home remodeling is also driving the demand for smart kitchen appliances in the developed regions.
Increasing technological trends such as Internet of Things (IoT) and Artificial Intelligence (AI) enabled devices are spurring the market growth. The federal government is promoting the adoption of energy efficient appliances. Recently, Whirlpool integrated technological innovations in a selection of kitchen appliances, calling it the Smart Home Line. Digital assistance applications in voice-controlled devices such as Amazon Echo and Google Home are gaining popularity due to their ability to control home. According to a recent study by NPR, around 39 million people in America owned a smart speaker for a connected home environment in 2018. As per the Hamerville Media Group, the penetration of smart dishwashers in the U.K. and Germany stood at 43.1% and 54.9% respectively in 2018.
For a detailed analysis of the COVID-19 Impact on Smart Kitchen Appliances Market browse through - https://univdatos.com/report/smart-kitchen-appliances-market-current-analysis-and-forecast-2021-2027
Insights Presented in the Report
“Smart Refrigerator segment is anticipated to dominate the market during the analyzed period”
The smart kitchen appliances market is mainly bifurcated into the smart ovens, dishwashers, refrigerators, cookware and cooktops, kettle, and others. In 2020, smart refrigerator segment accounted for a maximum share in terms of revenue, accounting for more than 25% share. The segment is expected to remain dominant during the analyzed period owing to the increasing penetration of smart household, consumers’ inclinations towards smart kitchen appliances, and rising disposable income.
“Amongst technology, Wi-Fi segment is anticipated to dominate the market”
Based on technology, the global smart kitchen appliances market is fragmented into Wi-Fi and Bluetooth. In 2020, the Wi-Fi technology segment accounted market share in terms of revenue and is expected to remain dominant during the analyzed period.
For a detailed analysis of the type in Smart Kitchen Appliances Market browse through - https://univdatos.com/report/smart-kitchen-appliances-market-current-analysis-and-forecast-2021-2027
“Multi-brand Stores, Exclusive Stores and Online platform were the major distribution channel for Smart Kitchen appliances”
Based on distribution channel, the global smart kitchen appliances market is bifurcated into Multi-brand Stores, Exclusive Stores, Online platform and other. ?
“Amongst End-Users, resident segment dominated the market during the forecast period”
Based on end user, the global smart kitchen appliances market is fragmented into residential and commercial. In 2020, the resident segment accounted for more than 85% share.
“North America represents largest market for Smart kitchen appliances”
For a better understanding of the market dynamics of the smart kitchen appliancess market, a detailed analysis was conducted for different regions across the globe including North America (U.S., Canada, Mexico, and Rest of North America), Europe (United Kingdom, Germany, Spain, France, Italy, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia Pacific) and Rest of World. North America dominated the market in 2020.
The smart kitchen appliances market is highly fragmented. The availability of numerous global and local players across regions makes the industry highly competitive. The key players with a considerable market share in the industry are AB Electrolux, Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics Inc., BSH Home Appliances Corporation, Panasonic Corporation, Haier Group, Breville Group Limited. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
The Smart Kitchen Appliances Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
UnivDatos Market Insights (UMI)
Ph: +91 7838604911
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.
This release was published on openPR.
Permanent link to this press release:
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 Appliances Market: Research Report Overview by Industry Size, Share, Trends, Growth & Leading Players (2021-2027) here
News-ID: 2286201 • Views: 706
More Releases from UnivDatos Market Insights (UMI)
Airline Route Profitability Software Market - Industry Size, Share, Growth & For …
The Airline Route Profitability Software Market is expected to grow at a steady rate of around 10% owing to the increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence. Thus, helping airlines to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as
Building Energy Management System Market - Industry Size, Share, Growth & Foreca …
Global Building Energy Management System market is expected to register a CAGR of around 11% over the period of 2022-2028. A building energy management system (BEMS) is a computer-based system that monitors and controls a building's electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. Growth in technological advancement has made building energy management systems a vital component for managing energy demand, especially in large building sites.
Cloud Computing Market - Industry Analysis by Size, Share, Growth & Forecast (20 …
Internet penetration rate and data generated yearly are some of the most prominent factors driving the growth of the cloud computing market because as the size of generated data increases the need for this data to be stored either in physical storage devices or in cloud storage also increases. Moreover, physical storage devices are easy to access but they are more expensive and less secure than cloud storage, there is
Perimeter Security Market Report 2022 - Global Business Trends, Emerging Growth, …
Perimeter security refers to an integrated system that enables the physical security of a facility. It helps in protecting against unauthorized physical intrusion. Outdoor perimeter security includes technologies such as video surveillance systems, access control systems, communication and notification systems, and intruder detection systems. Recent technological advances have introduced infrared, microwave, radar, and seismic sensors. This has contributed to the robustness of these systems. Download a Sample Copy of this Report
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as