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Europe to Hold the Second Largest Share in the Electric Kettle Market, With detailed information by Market Trends, Size, Opportunities, Sales Revenue, Industry Growth Study by Forecast till 2029
Electric Kettle Market research is a type of intelligence report that requires rigorous efforts to assemble the most significant and critical facts. The data was studied in terms of existing market leaders as well as new competitors. The business strategies of both established and new Electric Kettle market participants are scrutinized in detail. This study investigation provides comprehensive SWOT analysis, revenue share analysis, and contact information. Additionally, it provides market intelligence about the market's development and capacity.
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An electric kettle is a device specifically intended for the function of boiling water. Compared to traditional gas kettles, electric kettles are safer, faster, and easier to use, further increasing their adoption in both household and virtual kitchens. The market is developing due to rising disposable income, rapid urbanization, and the growing adoption of smart kitchen products. Furthermore, rising demand for consumer durables in rural and semi-urban markets, as well as rising e-commerce penetration in developing nations, are driving market expansion.
In 2019, the global electric kettle market was valued at USD 15.96 billion, with a forecast of USD 16.67 billion in 2020.
Some of the Top companies Influencing this Electric Kettle Market include:
Key Players- Koninklijke Philips N.V., Aroma Housewares Company, Conair Corporation, Hamilton Beach Brands, Inc., SEB SA company, Breville USA, Inc., Cuisinart, Bonavitaworld, KENT RO Systems Ltd., EdgeCraft Corporation, SKYLINE HOME APPLIANCES, Lords Wear Private Limited
Electric Kettle Market Segmentation:
Electric Kettle Market Segmentation- By Material Type- Stainless Steel, Plastic, Glass, By Capacity- Less than 1L, 1- 1.5L, Above 1.5L, By End-User- Residential, Commercial
To get to know more about the impact of the COVID-19 pandemic on this market: https://straitsresearch.com/report/electric-kettle-market/
Market Chains:
• The availability of vendors of restricted information measures may limit the industry's expansion.
• The network's complexity will constrain the market's growth.
• The hefty price tag associated with the appliance delivery controller will restrain the market growth.
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Report Includes:
A snapshot of the Electric Kettle companies, along with a detailed description of their primary business segments, products, financial performance, and recent developments and strategies.
• Trend analyses for the Electric Kettle Market, including data from 2020, estimates for 2021, and projected compound annual growth rates (CAGRs) through 2029.
• Information on the different types of Electric Kettle Market tasks and the capabilities that have the greatest commercial potential.
• Analysis of the market's key drivers and constraints in the future.
• Coverage of these top companies' segmental and regional performance, technological advancements, and awards and recognitions
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