Press release
Evolving Market Trends In The Electric Kettles Industry: Innovative Solutions With A Focus On Thermostatic Kettles With App Connectivity
Electric Kettles
What Is the Expected Electric Kettles Market Size During the Forecast Period?
The electric kettles market has expanded steadily. It is expected to increase from $4.38 billion in 2024 to $4.65 billion in 2025, with a CAGR of 6.1%. This growth has stemmed from lifestyle changes, growing health and safety concerns, stricter energy efficiency standards, product design innovations, and environmental considerations.
The electric kettles market size is set to grow steadily over the coming years. It is expected to reach $5.81 billion in 2029, at a compound annual growth rate (CAGR) of 5.7%. This growth will be fueled by consumer preference for convenience, increased urban living, a general shift to electric kitchen appliances, and a rise in modern cooking needs. Trends will include tech upgrades, brand partnerships, innovation in design and energy efficiency, and rising investment in this appliance category.
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What Are the High-Growth Segments in the Electric Kettles Market?
The electric kettles market covered in this report is segmented -
1) By Type: See Through, Opaque
2) By Raw Material: Stainless Steel, Plastic, Glass, Other Raw Materials
3) By Distribution Channel: Offline, Online Stores, Other Distribution Channels
4) By Application: Residential, Commercial
Subsegments:
1) By See Through: Glass Electric Kettles, Plastic Or Glass Hybrid Electric Kettles
2) By Opaque: Stainless Steel Electric Kettles, Plastic Electric Kettles, Other Opaque Material Electric Kettles
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What Key Drivers Are Expected to Influence Future Electric Kettles Market Growth?
The rising cost of gas is expected to drive the growth of the electric kettle market. As gas prices increase, consumers seek alternatives to reduce fuel costs. Electric kettles offer an energy-efficient way to boil water, reducing reliance on gas-powered appliances. For example, in 2023, the U.S. Energy Information Administration (EIA) reported a rise in gasoline prices, leading to an increased demand for electric kettles. Therefore, the growing cost of gas is driving the electric kettle market.
Which Companies Hold the Largest Share Across Different Electric Kettles Market Segments?
Major companies operating in the electric kettles market are 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
What Are the Major Trends Shaping the Electric Kettles Market?
Firms in the electric kettle market are introducing advanced products with useful features like thermostatic kettles and app connectivity to improve their product line. Thermostatic kettles with app connectivity are an innovative addition to kitchen appliances, providing precise temperature management and remote control through a mobile app. These kettles leverage high-end thermostatic technology, enabling users to set and hold specific water temperatures accurately. For example, Xiaomi, a tech company based in China, introduced the Xiaomi MIJIA Thermostatic Kettle 2 Pro in November 2022. This smart kettle, which can be managed with the MIJIA app, boasts a capacity of 1.7 liters and comes with a digital LED screen. It also delivers quick 1800W heating and can maintain warmth for as long as 24 hours. Moreover, it features a smart light ring, large buttons, and an efficient noise-reduction layer. The MIJIA app facilitates users in setting the temperature beforehand and modifying the heat preservation duration as required.
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What Are the Emerging Geographies for The Electric Kettles Market Growth?
Asia-Pacific was the largest region in the electric kettles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric kettles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Kettles Market?
2. What is the CAGR expected in the Electric Kettles Market?
3. What Are the Key Innovations Transforming the Electric Kettles Industry?
4. Which Region Is Leading the Electric Kettles Market?
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