Press release
Future Perspective: Key Trends Shaping the Smart Kitchens Market Until 2030
Smart Kitchens Market
Projected Growth and Market Size of the Smart Kitchens Market
The smart kitchens market is anticipated to surge dramatically, reaching a value of $141.78 billion by 2030. This impressive rise corresponds to a compound annual growth rate (CAGR) of 25.4%. Several factors are propelling this growth, including advancements in AI-driven kitchen technologies, the incorporation of robotics in cooking processes, increasing consumer demand for sustainable and energy-efficient appliances, and the broader adoption of smart home ecosystems particularly in emerging regions. Additionally, the emergence of cloud-based platforms that enable appliance management is contributing to this rapid expansion. Key trends expected to influence the market during this period include voice-activated kitchen systems, integration of smart appliances, remote monitoring capabilities, energy-efficient devices, and automated cooking and meal-planning solutions.
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Top Industry Players Leading the Smart Kitchens Market
The smart kitchens market features numerous prominent companies that are shaping its development and innovation. Leading players include 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., Zerowatt S.p.A., Tovala Inc., Brava Home Inc., Anova Culinary LLC, Cosori Inc., and Daewoo Electronics Corporation.
Recent Strategic Moves in the Smart Kitchens Industry
In March 2023, Kitchens Centre Private Limited, an Indian company specializing in food technology and kitchen infrastructure, acquired the kitchen business of Swiggy Private Limited for an undisclosed sum. This acquisition is part of Kitchens Centre Private Limited's strategy to broaden its presence across key Indian metropolitan areas, enhance its cloud kitchen infrastructure, and expedite the development of its partner-first kitchen-as-a-service model. Swiggy Private Limited is a well-known Indian food services company that provides shared kitchen spaces and infrastructure services to food brands and restaurant partners.
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Emerging Innovations Driving the Smart Kitchens Industry
Major players within the smart kitchen arena are concentrating on creating sophisticated, integrated solutions to improve convenience, efficiency, and overall user experience. One notable innovation is the development of all-in-one connected kitchen platforms. These platforms unify various smart kitchen devices and appliances within a single network, enabling seamless communication and automation. For example, in September 2023, Ireland-based Fresc Technologies Inc. launched KitchenOS, an integrated operating system designed for smart kitchens. KitchenOS offers features such as multi-brand device integration, voice control, AI-assisted cooking support, energy management, and remote appliance control. Its range varies from basic systems that connect essential appliances to more advanced setups providing full automation and personalized cooking experiences.
Segment Breakdown and Market Forecast for the Global Smart Kitchens Market
This report segments the smart kitchens market based on product type, technology, and end-user categories. The product types include smart refrigerators, smart ovens, smart dishwashers, smart cooktops, and other smart kitchen appliances. Technologies powering these devices encompass Wireless Fidelity-enabled appliances, Bluetooth-enabled devices, Radio-Frequency Identification-enabled products, voice-activated systems, and sensor-based appliances. End-users are divided into residential and home users as well as commercial users.
Further subcategories highlight specific types within each segment:
- Smart Refrigerators: French door, side-by-side, bottom freezer, and top freezer models
- Smart Ovens: Convection, microwave, steam, and countertop varieties
- Smart Dishwashers: Built-in, freestanding, and drawer styles
- Smart Cooktops: Induction, gas, and electric options
- Other Product Types: Smart coffee makers, kettles, and toasters
This detailed segmentation provides a comprehensive view of the smart kitchens market, reflecting diverse consumer needs and technological innovations shaping the industry's future.
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