The smart kitchen appliances market reached a market size of USD 110.56 Billion in 2020 and is expected to register a double-digit CAGR over the forecast period, according to recent analysis by Emergen Research. Smart kitchen appliances market revenue growth is driven significantly by rapid advancements in the fields of AI and IoT. Major advancements in AI technologies and machine learning have resulted in development and launch of a range of smart products that enable consumers to save time and effort in food preparation, tracking contents and products in the kitchen, refrigerators, and others. In addition, smart kitchen appliances come with features such as intelligent sensors, touch screen, intuitive control, and integrated extractor and other time-saving features that serve to encourage a positive purchase decision among consumers.
Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Smart Kitchen Appliances market for the forecast period, 2019 to 2026. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.
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Key Players Profiled in the Smart Kitchen Appliances Report are:
Whirlpool Corporation, Samsung Electronics, Haier Group, and Panasonic to name a few.
The comprehensive report addresses the following questions:
Which region is expected to dominate the market over the coming years?
Which application or end-user segment is anticipated to show significant growth over the projected timeline?
What is the impact of the COVID-19 pandemic on the overall market growth?
What are the macro- and micro-economic factors influencing the growth of the market?
What are the recent R&D and technological advancements in the Smart Kitchen Appliances market?
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Emergen Research has segmented the smart kitchen appliances market in terms of product, technology, end use, and region:
Product (Revenue, USD Billion; Volume: Thousand Units; 2020–2028)
- Smart Refrigerators
- Smart Cookware and Cooktops
- Smart Dishwashers
- Smart Thermostats
- Smart Coffeemakers
- Other Appliances
Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Wi-Fi
- Bluetooth
- RFID
- Others
Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Online
- Offline
End-user Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
- Residential
- Commercial
- Industrial
Comprehensive Regional Analysis Covers the Following Regions:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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