Press release
Smart Cooktop Market Size, Share And Forecast 2024-2033
Smart Cooktop Market Size
As per the report, the smart cooktop market size has grown rapidly in recent years. It will grow from $1.60 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The smart cooktop market size is expected to see rapid growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14496&type=smp
Growing Demand For Smart Home Adoption Fuels Smart Cooktop Market Growth
The growing demand for smart home adoption is expected to propel the growth of the smart cooktop market going forward. Smart home adoption refers to the integration and use of interconnected devices and systems within a household to enhance convenience, efficiency, and control over various aspects of domestic life through automation and remote access. The adoption of smart home technology enhances the functionality of smart cooktops, allowing users to control and monitor cooking processes remotely for increased convenience and efficiency. For instance, in June 2023, according to a survey of 1,000 adults conducted by Samsung Electronics Co. Ltd., a South Korea-based appliance company, 86% of homebuyers in the UK would consider a smart home when selecting their next property, and they would pay $21,685 (£18,000) more for it. This research as well as an analysis of Google search trends from March 2022 to March 2023, indicated that customers want smart technology and are willing to pay a premium for it. Almost 40% of Gen Z buyers want their next property to be a smart home. Therefore, the growing demand for smart home adoption is driving the growth of the smart cooktop market.
Urbanization Surge Accelerates Growth In The Smart Cooktop Market
The increasing urbanization is expected to propel the growth of the smart cooktop market. Urbanization is the process of cities growing and expanding, usually accompanied by a migration of people from rural to urban areas. Cities often offer a greater variety and quantity of job opportunities compared to rural areas. Industries, businesses, and services tend to concentrate in urban centers, attracting people in search of employment and economic opportunities. Smart cooktops can contribute to urbanization by providing technological solutions that enhance efficiency, convenience, and safety in urban living. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, over 55% of the global population, exceeding 4.3 billion people, resided in urban areas, with projections indicating a surge to 80% by the year 2050. Therefore, increasing urbanization is driving the growth of the smart cooktop market.
Advancements In Smart Gas Stoves Elevate Cooking Experiences And Safety In The Smart Cooktop Market
Major companies operating in the smart cooktop market are increasing their focus on developing advanced solutions, such as smart gas stoves, to gain a competitive edge in the market. A smart gas stove is a kitchen appliance that comes with connectivity features and advanced technology, providing users with better control and monitoring capabilities. For instance, in December 2023, Xiaomi Corporation, a consumer electronics company, launched the Mijia Smart Gas Stove S2, a smart cooktop. The stove is a smart gas stove that blends sophisticated design with advanced technology, including smart functionality that fits seamlessly into any modern kitchen. The stove has two burners set in an elegant, matte-tempered glass panel, similar to those found in high-end induction cooktops. It also features a double-flame system that allows for even heating of pots and pans, enabling precise temperature control up to 230°C. Equipped with a dual timer, programmable from 1 minute to 3 hours, it automatically shuts off the gas supply when the time is up, ensuring safety and convenience.
The smart cooktop market covered in this report is segmented -
1) By Fuel Type: Electric, Gas
2) By Technology: Induction Cooktops, Radiant Cooktops, Gas Cooktops
3) By End-User: Residential, Commercial
4) By Distribution Channel: Online, Offline
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=14496&type=discount
Major companies operating in the smart cooktop market are Samsung Electronics Co. Ltd., Siemens Home Appliances, LG Electronics Inc., Panasonic Corporation, Whirlpool Corporation, Bosch Home Appliances, Electrolux AB, Miele & Cie. KG, GE Appliances, Fisher & Paykel Appliances, Garland Commercial Industries LLC, KitchenAid Inc., Teka Group, Montague Company, Viking Range LLC, AGA Rangemaster Group Ltd., BlueStar Cooking, Dacor Inc., Smeg S.p.A., Hestan Commercial Corporation, Fulgor Milano, ILVE S.p.A., Kenmore Appliances, Bertazzoni S.p.A., La Cornue S.A., Wolf Appliances
Contents of the report:
1. Executive Summary
2. Smart Cooktop Market Report Structure
3. Smart Cooktop Market Trends And Strategies
4. Smart Cooktop Market - Macro Economic Scenario
5. Smart Cooktop Market Size And Growth
…..
27. Smart Cooktop Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/smart-cooktop-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Cooktop Market Size, Share And Forecast 2024-2033 here
News-ID: 3569622 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
