Press release
Smart Kitchen Appliances Market Report, Size, Development, Key Opportunity, Application and Forecast to 2027 | AB Electrolux, Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics Inc., BSH Home Appliances Corporation, Panasonic Corporation
The federal government is promoting the adoption of energy-efficient appliances. Connected home devices include smart appliances (dishwashers, dryers, refrigerators, etc.), safety and security systems, and energy equipment like smart thermostats and smart lighting. The increasing importance of kitchen renovation or remodeling to build a modular kitchen is leading to a fast-paced growth for smart kitchen appliances including cookware, cooktops, and dishwashers. The digital assistance applications in voice-controlled devices such as Amazon Echo and Google Home are gaining popularity due to their ability to control your home.
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The rising consumer disposable income and increasing technological trends such as the Internet of Things (IoT) and Artificial Intelligence (AI) enabled devices are spurring market growth. The increasing adoption of smart kitchen appliances in residential as well as commercial sectors across the world is also one of the prominent factors driving the market growth.
As the kitchen appliances industry struggles with supply chain disruption and lower consumer demand due to the COVID-19 impact. Supply chains are fractured both at source and at end-users. However, a particular category such as refrigerator spiked due to stockpiling and perceived hygiene benefits, while long-term consumer appliance demand increases across the world due to working from home. The kitchenware industry too is progressively gradually, finding its lost ground. Although even during the lockdown, the online sales did not stop.
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The smart kitchen appliances market is mainly bifurcated into smart ovens, dishwashers, refrigerators, cookware and cooktops, kettle, and others. In 2020, the 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.
Based on technology, the global smart kitchen appliances market is fragmented into Wi-Fi and Bluetooth. In 2020, the Wi-Fi technology segment accounted for market share in terms of revenue and is expected to remain dominant during the analyzed period.
Based on distribution channel, the global smart kitchen appliances market is bifurcated into Multi-brand Stores, Exclusive Stores, Online platform and other.
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.
For a detailed analysis of the market drivers in Smart Kitchen Appliances Market browse through - https://univdatos.com/report/smart-kitchen-appliances-market/
For a better understanding of the market dynamics of the smart kitchen appliances 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 smart kitchen appliances market in 2020.
AB Electrolux, Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics Inc., BSH Home Appliances Corporation, Panasonic Corporation, Haier Group, Breville Group Limited, Koninklijke Phillips N.V., Miele & Cie. KG are some of the prominent players operating in the Smart Kitchen Appliances market. Several M&As along with partnerships have been undertaken by these players to develop Smart Kitchen Appliances.
Smart Kitchen Appliances Market Segmentation
Market Insight, by Type
• Smart Oven
• Smart Dishwasher
• Smart Refrigerator
• Smart Cookware and Cooktops
• Smart Kettle
• Others
Market Insight, by Technology
• Wi-Fi
• Bluetooth
Market Insight, by Distribution Channel
• Multi-Brand Stores
• Exclusive Store
• Online Platform
Market Insight, by End User
• Residential
• Commercial
Market Insight, by Region
• North America
o The United States
o Canada
o Mexico
o Rest of North America
• Europe
o United Kingdom
o Germany
o Spain
o France
o Italy
o Russia
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia Pacific
• Rest of World
Top Company Profiles
• AB Electrolux
• Samsung Electronics Co. Ltd
• Whirlpool Corporation
• LG Electronics Inc.
• BSH Home Appliances Corporation
• Panasonic Corporation
• Haier Group
• Breville Group Limited
• Koninklijke Phillips N.V.
• Miele & Cie. KG
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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