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Leading Growth Driver in the Smart Kitchens Market in 2025: Increasing Focus On Energy Efficiency And Sustainability Drives Market Growth Due To Rising Demand For Smart Technology And Resource Optimization Driver's Influence
Smart Kitchens
The steady emphasis on energy conservation and environmental sustainability is predicted to catalyze the smart kitchens market's expansion. The surge in energy rates, heightened environmental concerns, regulatory pressures, technological progression, consumer interest in eco-friendly products, and the urgency to alleviate the effects of climate change all contribute to this energy efficiency and sustainability. Smart kitchens bolster this by maximizing energy consumption with automatic systems, energy-conserving appliances, and innovative technology that curtail waste and bolster resource management. For example, the International Energy Agency (IEA), an intergovernmental organization based in France, reported that in 2024, the OECD's total net electricity production reached 882.1 TWh, indicating a 1.2% increase year-over-year compared to 2023. The electricity production in the first three quarters of 2024 also saw a 2.5% increase compared to the same timeframe in 2023. Consequently, the growing emphasis on energy efficiency and sustainability paves the way for the smart kitchen market's growth.
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What Is the projected market size and growth rate for the smart kitchens market?
There has been a substantial escalation in the size of the smart kitchens market in the past few years. The predictions suggest that it will surge from $36.59 billion in 2024 to an impressive $46.31 billion in 2025, with a compound annual growth rate (CAGR) of 26.6%. Factors such as rising demand for convenience, a heightened consumer interest in energy efficiency, a renewed emphasis on health and wellness, an expanding demand for automation, and a sharpened focus on sustainability have all significantly contributed to the growth in this historic period.
Expectations are high for the smart kitchens market, with projections estimating significant growth in the coming years. By 2029, the market size is projected to increase to a staggering $117.50 billion, at a compound annual growth rate (CAGR) of 26.2%. Factors fueling this anticipated growth include, amongst others, an increased need for automation, a surge in demand for connected appliances, the rise of smart home ecosystems, the adoption of voice-activated assistants, and an increasing interest in personalized cooking experiences. Key trends that are likely to dominate the forecast period involve the development of smart appliances, the integration of interconnected devices, innovative advancements in appliance design and functionality, growing reliance on artificial intelligence (AI) and automation, and the incorporation of voice assistants.
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What new trends are reshaping the smart kitchens market and its opportunities?
Primary players in the smart kitchen market are striving to innovate technologically superior solutions, such as integrated kitchen platforms, to improve convenience, functionality, and customer interaction. An integrated kitchen platform is a robust system that brings together diverse smart kitchen gadgets and appliances into one network, allowing them to interact for seamless administration and automation. For example, Fresc Technologies Inc., a tech company based in Ireland, introduced KitchenOS in September 2023 to provide true multi-brand device control for intelligent kitchen appliances. KitchenOS is a unified operating system for intelligent kitchens, encompassing features like appliance integration, voice command, AI-enabled guidance, energy control, and distant regulation, with models stretching from fundamental systems connecting crucial appliances to sophisticated systems facilitating complete automation and customised cooking experiences.
What major market segments define the scope and growth of the smart kitchens market?
The smart kitchens market covered in this report is segmented -
1) By Product Type: Smart Refrigerators, Smart Oven, Smart Dishwashers, Smart Cooktops, Other Product Types
2) By Technology: Wireless Fidelity Enabled Appliances, Bluetooth Enabled Appliances, Radio-Frequency Identification Enabled Appliances, Voice-Activated Appliances, Sensor-Based Appliances
3) By End-User: Residential And Home Users, Commercial Users
Subsegments:
1) By Smart Refrigerators: French Door Smart Refrigerators, Side-by-Side Smart Refrigerators, Bottom Freezer Smart Refrigerators, Top Freezer Smart Refrigerators
2) By Smart Oven: Convection Smart Ovens, Microwave Smart Ovens, Steam Smart Ovens, Countertop Smart Ovens
3) By Smart Dishwashers: Built-in Smart Dishwashers, Freestanding Smart Dishwashers, Drawer Smart Dishwashers
4) By Smart Cooktops: Induction Smart Cooktops, Gas Smart Cooktops, Electric Smart Cooktops
5) By Other Product Types: Smart Coffee Makers, Smart Kettles, Smart Toasters
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Which region dominates the smart kitchens market?
North America was the largest region in the smart kitchens market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the smart kitchens industry growth?
Major companies operating in the smart kitchens market are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Siemens AG, LG Electronics Inc., General Electric, Panasonic Corporation, Midea Group Co. Ltd., Haier Group Corporation, KitchenAid Inc., Whirlpool Corporation, Koninklijke Philips N.V, BSH Hausgerate GmbH, Electrolux AB, Groupe SEB S.A., Miele And Cie. KG, Beko Elektronik A.S, Butterfly Gandhimathi Appliances Limited, Zerowatt S.p.A, Tovala Inc., Brava Home Inc., Anova Culinary LLC, Cosori Inc., Daewoo Electronics Corporation
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What Is Covered In The Smart Kitchens Global Market Report?
•Market Size Forecast: Examine the smart kitchens market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart kitchens market for a structured understanding.
•Key Players Overview: Analyze major players in the smart kitchens market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart kitchens market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart kitchens market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart kitchens market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart kitchens market.
•Competitive Landscape: Review strategic developments in the smart kitchens market, including expansions, agreements, and new product launches.
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