Press release
Smart Kitchen Market: The global market is expected to grow at a CAGR of 17.2% during the forecasted period.
The smart kitchen market is driven by the growing adoption of smart home technology, increasing consumer interest in connected devices, and the desire for more convenient and efficient cooking experiences.
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Key Highlights:
• The global Smart Kitchen Market size was valued at USD 14.5billion in 2022 growing at a CAGR of 17.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Smart Kitchen Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Smart Kitchen Market report also includes the following data points:
• COVID19 Impact on Smart Kitchen Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Smart Kitchen Market
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Key Players
Some of the major Smart Kitchen Market players holding high market share include LG Electronics, Electrolux AB, Samsung Electronics Co., Ltd. and Haier Group. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Whirlpool Corporation
• LG Electronics
• Electrolux AB
• Samsung Electronics Co., Ltd.
• Haier Group
• Panasonic Corporation
• BSH Hausgerate GmbH
• Breville.
• Miele & Cie. KG
• Dongbu Daewoo Electronics
Segmental Analysis
Market Segment By Product with focus on market share, consumption trend, and growth rate of Smart Kitchen Market:
• Smart Refrigerators
• Smart Cookware & Cooktops
• Smart Dishwashers
• Smart Ovens
Market Segment By Application with focus on market share, consumption trend, and growth rate of Smart Kitchen Market:
• Residential
• Commercial
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Global Smart Kitchen Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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