Press release
Smart Kitchen Appliance Market Outlook 2021-2028- Sales Revenue, Industry Growth Global Research by The Insight Partners
Smart Kitchen Appliance Market
smart kitchen appliances, which is majorly attributed to the significant rise in the internet of things (IoT). The availability of better internet infrastructure in the regions mentioned above has enabled end users to procure smart kitchen appliances. Similarly, Asia Pacific is also witnessing staggering growth in internet penetration due to advancements in internet infrastructure.
The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.
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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Competitive Landscape: Smart Kitchen Appliance Market: Electrolux AB; BSH Hausgeräte GmbH; GE Appliances; LG Electronics; Koninklijke Philips N.V.; Panasonic Corporation; Samsung Electronics Co., Ltd; Breville Group Limited; Whirlpool Corporation; and Vita-Mix Corporation.
According to the Cisco Annual Internet Report, APAC is projected to have 3.1 billion internet users (72% of APAC population) and 13.5 billion networked devices/connections by 2023. Further, networked devices/connections will be wired or connected over Wi-Fi by 2030. As the operations of these smart kitchen appliances are primarily based on internet infrastructure, the stimulating internet infrastructure in Asia Pacific is boosting the adoption of smart kitchen appliances in the region.
The smart kitchen appliance market is segmented into product, end user, connectivity, and geography. Based on product, the smart kitchen appliance market is segmented into smart ovens, smart refrigerators, smart sous vide, smart juicers & blenders, smart cooker & cooking robots, smart cooktops, smart & integrated ovens & cooktops, and others. The smart refrigerator segment held the largest market share in 2020. Based on connectivity, the smart kitchen appliance market is bifurcated into Wi-Fi and Bluetooth. The Wi-Fi segment held a larger market share in 2020. Based on end user, the smart kitchen appliance market is divided into residential and commercial. In 2020, the residential segment led the market globally.
To comprehend global Smart Kitchen Appliance market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)
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The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data from 2020 to 2028, and forecast to 2028.
• The structure of global Smart Kitchen Appliance market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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.
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