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Electric Kettle Market Explores New Growth Opportunities By 2025

01-22-2018 06:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Electric Kettle is also known tea kettle or hot pot, is a metallic pot specifically used for the boiling of water. The electric kettle has a spout, a lid and a handle. An electric kettle is just like the conventional kettle which was used in early times, but it is heated with the help of electricity. The electric kettle has a heating element made up of copper or other high resistance mettle. Usually, the outer element is made up of stainless steel, but in early times electric kettles were made up of brass. Electric kettles power rating is around 2-3 kW at 220 V. In modern electric kettles, once the water reaches the boiling point, the kettle deactivates automatically to avoid too much of current. For this automatically switching off, a bimetallic strip thermostat is used most of the time.

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Electric Kettle Market Segmentation:

Electric Kettle market has been segmented on the basis of material used, type, distribution channel and region. On the basis of product material used the electric kettle market is segmented into plastic or stainless steel. Among both the segment, the plastic electric kettle is expected to grow significantly in the near future. On the basis of type, the market of an electric kettle is segmented into see through and opaque. Among both, the segment opaque electric kettle holds the major share of the market. On the basis of distribution channel, the electric kettle market is segmented into hypermarket/supermarket, convenience stores, online stores and others. To cater to increasing demand for electric kettle online stores are partnering with international brands and are offering the electric kettle with an attractive pricing. Competition is also expected to intensify in the market in the forecast period mainly due to the presence of local players offering electric kettle at reasonable prices.

Electric Kettle Market Regional Outlook:

A regional segment for the market of an electric kettle is divided into five different regions: North America, Europe, Latin America, Asia Pacific including Japan and Middle East & Africa. Among these segment, North America is expected to have the major market share globally, as it is the largest consumer of an electric kettle. In North America region U.S. is generating the major revenue. Although Asia Pacific is expected to dominate the market in the coming years, Europe, on the other hand, is also expected to grow at a higher CAGR in the electric kettle market.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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