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Smart Kitchen Appliances Market Revenue To Witness Rapid Growth In Near Future : Fact.MR

01-26-2023 04:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

Smart Kitchen Appliances Market Revenue To Witness Rapid Growth

The rise in per capita income and the rise of middle-class households worldwide, especially in China and India, can be ascribed to the increase in energy consumption. People are being forced to save energy by the rising expense of fossil fuels in order to balance their budgets. More and more customers across the world are becoming interested in energy-efficient smart kitchen equipment that may lower energy usage and save on power costs.

Governments are also supporting the adoption of energy-efficient smart kitchen equipment as awareness of climate change and energy conservation grows. The need for energy-efficient smart kitchen appliances is expected to increase over the next ten years, driven by increasing disposable income, favorable regional regulations, and rising demand. According to a recent Fact.MR analysis, the market for smart kitchen appliances is expected to grow rapidly over the next 10 years at a CAGR of almost 25%. (2021 to 2031).

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ -https://www.factmr.com/connectus/sample?flag=S&rep_id=5797

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ

โ€ข ๐—ฃ๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐˜
Smart Refrigerators
Smart Dishwashers
Smart Ovens
Smart Cookware and Cooktops
Smart Scales and Thermometers

โ€ข ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป
Residential Smart Kitchen Appliances
Commercial Smart Kitchen Appliances

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=5797

๐—ž๐—ฒ๐˜† ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—ผ๐—ณ ๐—ฆ๐—บ๐—ฎ๐—ฟ๐˜ ๐—ž๐—ถ๐˜๐—ฐ๐—ต๐—ฒ๐—ป ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

โ€ข Market Insights of Smart refrigerators are anticipated to be witness high sales over the coming years.
โ€ข Among the applications, the residential sector has been the fastest-growing segment, owing to rise of high disposable and middle-income families over the past half-decade.
โ€ข The North American region is set to dominate sales revenue in 2021 and beyond.
โ€ข Sales of Smart kitchen appliance in Asia Pacific are expected to rise significantly through 2031.
โ€ข Due to the COVID-19 crisis, demand for smart kitchen appliances was hit in 2020, which saw a decline. But with voice-assisted smart kitchen appliances coming into the market, demand is expected to pick up again.

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

โ€ข For instance, Electrolux and Google are working together to extend their line of kitchen items by including Google Assistant, which enables voice commands to be used to operate kitchen equipment.
โ€ข Additionally, to become a provider of integrated software, hardware, and services, BSH Hausgerรคte GmbH purchased roughly 65% of the international culinary portal Kitchen Stories in 2018.
โ€ข Samsung introduced its Smart Induction built-in cooktop with Wi-Fi in August 2021, which helps to cook food more quickly while using less energy and emitting fewer pollutants.

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ

โ€ข Samsung Electronics Co. Ltd.
โ€ข Haier Group
โ€ข LG Electronics Inc.
โ€ข AB Electrolux
โ€ข BSH Home Appliances Corporation (Robert Bosch GmbH)
โ€ข Panasonic Corporation
โ€ข Whirlpool Corporation

๐—™๐—ผ๐—ฟ ๐—ถ๐—ป-๐—ฑ๐—ฒ๐—ฝ๐˜๐—ต ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—ฏ๐˜‚๐˜† ๐—ป๐—ผ๐˜„ -https://www.factmr.com/checkout/5797

๐—ช๐—ถ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

Key market players have been spending on research & development to come up with newer technologies with improved IoT technologies and higher operational flexibility. These enhancements will drive demand and sales of smart kitchen appliance in the medium- to long-term forecast period.

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