Press release
Electric Kettles Market Analysis, Growth, Trend, Demand And Forecast To 2033
Electric Kettles Market Analysis
According to The Business Research Company's, The electric kettles market size has grown strongly in recent years. It will grow from $4.16 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increased consumer lifestyle changes, increased health and safety concerns, increased energy efficiency regulations, design and aesthetics, and environmental awareness.
The electric kettles market size is expected to see strong growth in the next few years. It will grow to $5.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing convenience and time-saving, urbanization, shift towards electric appliances, increasing demand for electric appliances. Major trends in the forecast period include product innovations, partnerships, technological advancements and company investments in electric kettles.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/electric-kettles-global-market-report
Market Drivers and Trends:
A rise in gas prices is expected to propel the growth of the electric kettle market going forward. Gas refers to a substance in a gaseous state, such as natural gas or gasoline, used for various purposes, including heating, cooking, and fueling vehicles. The increase in gas prices is attributed to factors such as changing exchange rates, taxes, and regulations. Consumers seek energy-efficient alternatives for heating water, reducing reliance on gas-powered appliances, and mitigating the impact of escalating fuel costs on household budgets. Electric kettles provide a convenient, efficient, and safe way to boil water, making them an indispensable appliance in modern kitchens and households. For instance, in January 2022, the U.S. Energy Information Administration (EIA), a US-based statistical and analytical agency, reported that the average U.S. retail price for regular-grade gasoline increased to $3.01 per gallon (gal) in 2021. The average retail gasoline price surged by over $1.00 per gallon from the beginning to the end of 2021. Therefore, a rise in gas prices is driving the growth of the electric kettle market.
Companies operating in the electric kettle market are innovating valuable advanced products such as thermostatic kettles, using app connectivity to provide better product offerings and enhance their portfolio. Thermostatic kettles with app connectivity are innovative kitchen appliances that offer precise temperature control and remote operation via a mobile application. These kettles integrate advanced thermostatic technology, allowing users to accurately set and maintain specific water temperatures. For instance, in November 2022, Xiaomi, a China-based technology company, launched the Xiaomi MIJIA Thermostatic Kettle 2 Pro, customized using the MIJIA app in China. It boasts a 1.7-liter capacity and features a digital LED display. It facilitates rapid 1800W heating and maintains heat for up to 24 hours. Additionally, it comes with a smart light ring, oversized buttons, and an effective noise-reduction coating. The MIJIA app also allows users to set the temperature in advance and adjust the heat preservation time according to their needs.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15559&type=smp
Major Key Players of the Market:
Siemens AG, Whirlpool Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., Electrolux AB, Groupe SEB SA, De'Longhi Group, Breville Group, Hamilton Beach Brands Inc., Braun GmbH, Aroma Housewares Company, Chefman LLC, Conair Corporation, Sunbeam Products Inc., Russell Hobbs Inc., Bella Housewares, Proctor Silex Ltd., Gourmia Inc., Morphy Richards Limited, Bodum USA Inc., StoreBound LLC, Brentwood Appliances Inc., Sensio Inc., Sunbeam Corp., Kenwood Limited
Electric Kettles Market 2024 Key Insights:
• The electric kettles market size is expected to see strong growth in the next few years. It will grow to $5.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Gas Price Surge Sparks Surge in Electric Kettle Market Demand
• Innovative Solutions With A Focus On Thermostatic Kettles With App Connectivity
• Asia-Pacific was the largest region in the electric kettles market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15559&type=smp
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.
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 "
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 Electric Kettles Market Analysis, Growth, Trend, Demand And Forecast To 2033 here
News-ID: 3703264 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Kettle
How To Setup an Electric Kettle Manufacturing Plant
Setting up an electric kettle manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Electric Kettle Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing an electric…
Kettle Theory Introduces Revolutionary Adjustable Kettlebell: The KettlePod Trad …
Kettle Theory's KettlePod promises an innovative solution for fitness enthusiasts
Kettle Theory, Inc., a company founded on innovation and quality, proudly announces the launch of its groundbreaking product, the KettlePod Trademark adjustable kettlebell. This innovative fitness tool addresses the common flaws found in existing adjustable kettlebells, offering a robust, user-friendly, and versatile option for home and professional gyms.
The KettlePod Trademark was developed from a personal need for a cost-effective, space-saving kettlebell…
Global Soup Kettle Market Research Report 2023-2029
Global Soup Kettle Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends,…
Global Foldable Electric Kettle Market Growth 2019-2024
LP INFORMATION offers a latest published report on Foldable Electric Kettle Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Foldable Electric Kettle market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019.…
Foldable Electric Kettle Market: Competitive Dynamics & Global Outlook 2025
Market Research Report Store offers a latest published report on Foldable Electric Kettle Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This report focuses on the key global Foldable Electric Kettle players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the full report TOC, figure…
Smart Kettle Market to Reflect Steadfast Expansion During 2018-2028
Smart Kettle Market: Overview
The increase in penetration of the Internet of Things is expected to increase the demand for smart home appliances across the globe. Smart appliances consist of a variety of smart home and kitchen appliances that enable consumers in connecting all the electronic devices and use it efficiently. Smart kettle, one of the smart kitchen appliances, is popular and offers benefits such as less time and convenience in…
