Global Smart Kitchen Market: Emerging Trends, Major Key Players Samsung Electronics Co. Ltd and Whirlpool Corporation

According to the report, the global Smart Kitchen market size is expected to grow at a CAGR of more than 25% from 2021 to 2028. There are many factors that are contributing to the rise of the smart kitchen appliances market. First, there is a massive shift in consumer preferences for convenience which has prompted a need for cookware that combines not only cooking but cleaning as well. This is leading innovators to create smart appliances that are both practical and useful. Additionally, more affordable prices have led to smart appliances being used by a more widespread number of people. Smart Kitchen Market growth will continue and especially given the increasing demand for technology from consumers.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SMART KITCHEN industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Smart Kitchen market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Smart Kitchen players holding highest market share include Samsung Electronics Co. Ltd, Whirlpool Corporation, LG Electronics and Panasonic Corporation. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Samsung Electronics Co. Ltd
• Whirlpool Corporation
• LG Electronics
• Panasonic Corporation
• Dongbu Daewoo Electronics Corporation
• AB Electrolux
• Haier Group
• BSH Hausgerate GmbH
• Koninklijke Phillips N.V
• Miele

Segmental Analysis

Market Segment By product type with focus on market share, consumption trend, and growth rate of SMART KITCHEN Market:
• Smart Ovens
• Smart Dishwashers
• Smart Refrigerators
• Others

Market Segment By end-user with focus on market share, consumption trend, and growth rate of SMART KITCHEN Market:
• Residential
• Commercial

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Global Smart Kitchen Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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