Smart Kitchen Appliances Market is to grow at 13.7% During the Forecast Period 2017 to 2026

The smart kitchen appliances market is anticipated to be worth US$ 703 in 2017 and US$ 2 Bn by 2026, growing at a 13.7% CAGR. Compared to conventional kitchen appliances, smart kitchen equipment offer more efficiency, comfort, convenience, and safety. With the help of various hardware and component sensing technologies and advanced networking capabilities, smart kitchen appliances can be connected to smartphones or tablets in order to allow remote access.Safety, better productivity, increased comfort, lower waste, increased energy savings, and efficient power use are a few benefits of smart kitchen appliances. It is projected that the rise in per capita spending brought on by rising disposable income and the population's becoming tech-savvy will fuel the global market for smart kitchen appliances. For a period of nine years, beginning in 2017, and concluding in 2026, the research report includes historical data and statistics as well as future value estimates of key segments of the global smart kitchen appliances market.

To Get Sample Copy of Report Visit @
https://www.futuremarketinsights.com/reports/sample/rep-gb-5810

Global Market for Smart Kitchen Appliances: Dynamics Influencing Growth

The adoption of smart kitchen appliances has increased for a number of reasons. The kitchen should always be maintained up to date because it is one of the most crucial rooms in any home. This section makes use of smart technologies to improve and change the way that the kitchen is currently set up. Manufacturers must provide a system that enables remote control and home monitoring due to the growing proportion of the population that is employed. This idea led to the development of smart, remote-accessible kitchen appliances. The demand for smart kitchen appliances has also increased in the approaching years due to a number of advantages. The increasing disposable income, growing adoption of Internet of Things (IoT), favourable government initiatives and technological advancements to manufacture new smart kitchen products have contributed to the growth of the global smart kitchen appliances market. However, higher pricing is a factor of concern that has challenged the market's growth.

Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5810

Global Market for Smart Kitchen Appliances: Segmental Snapshot

The global smart kitchen appliances market has been segmented on the basis of components, by appliances, by connectivity technology and by region.

By region, Europe is the most attractive from a growth perspective. This region has shown high growth potential and is marked with increased adoption of smart kitchen appliances. The market for smart kitchen appliances in Europe is estimated to reach a high market valuation as compared to other regions thus leading the global market
In the components category, the hardware and software segments are expected to reflect high market valuations. By the end of the year of forecast, the valuation of hardware segment is poised to touch US$ 917 Mn. The software segment is projected to grow at the highest rate during the forecast period
By connectivity technology, the Wi-Fi segment is expected to dominate the global market in terms of market strength followed by the bluetooth segment. This segment is also expected to grow at a higher CAGR throughout the assessment period
By appliances, smart oven segment is the fastest growing and is expected to reflect a value CAGR of more than 18% throughout the forecast period

Global Market for Smart Kitchen Appliances: Competition Tracking

Key firms included in the study report include General Electric Co., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Haier Group, Panasonic Corporation, AB Electrolux, LG Electronics, Whirlpool Corporation, and Dacor, SectorQube, Onida.

Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5810

Detailed market segmentation

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Components 

Hardware
Software
Services

Appliances

Smart Refrigerator
Smart Coffee Maker
Smart Dishwasher
Smart Cookware & Cooktop
Smart Oven
Other Appliances

Connectivity Technology

Bluetooth
Wi-Fi Market
NFC
Others

Contact Us

Christiana Corporate,
200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.