Press release
Electric Kettle Market Size to Grow at a CAGR of 4.6% During 2022-2027
An electric kettle refers to a kitchen appliance used in boiling water for the instant preparation of tea, coffee, soups, and other beverages. It is manufactured from materials that are good conductors of heat, like metals. As compared to other conventional water heating methods, electric kettle is gaining traction among the modern population in the residential and commercial sectors as it is convenient, portable, time-effective, easy to use, and energy-saving.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Electric Kettle Market Trends:
Rapid urbanization, growing expenditure capabilities, and changing consumer lifestyles are driving the demand for lightweight and cost-efficient electric kettles. Moreover, electric kettles meet energy targets as they prevent electricity wastage by automatically turning off the device after a certain period and encouraging awareness about energy conservation among the consumers, further propelling the market growth. Besides this, the growing number of food and beverage (F&B) service channels is also propelling the market growth. Additionally, numerous key players are introducing innovative electric kettles with scheduled heating, adjustable backlight, power consumption monitors, and remote-control features with elevating smart home trend will augment the demand for electric kettles in the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric kettle market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on raw material and application.
Breakup by Raw Material:
Stainless Steel
Plastic
Glass
Others
Breakup by Application:
Residential
Commercial
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Aroma Housewares Company
bonavitaworld.com
Breville USA Inc. (Breville Group Ltd)
Chef's Choice
Electrolux AB
Hamilton Beach Brands Inc.
Koninklijke Philips N.V.
Morphy Richards Ltd
Zhejiang Supor Co. Ltd (Groupe SEB)
Zojirushi America Corporation (Zojirushi Corporation).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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