Smart Kitchen Appliances Market to Grow with a CAGR of 14.9% through 2028

Rise in technological advancements, rising focus on increasing efficiency around the kitchen and reducing the time spent in cleaning and cooking are factors driving the global smart kitchen appliances market in the forecast period 2024-2028.

 

According to the TechSci Research report, “Smart Kitchen Appliances Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, the Global Smart Kitchen Appliances Market stood at USD16.55 billion in 2022 and is anticipated to grow with a CAGR of 14.9% in the forecast period, 2024-2028. The smart kitchen appliances market is growing rapidly, driven by the increasing demand for connected devices that can make cooking easier, more efficient, and more enjoyable.

There are a number of factors driving the growth of the smart kitchen appliances market. One is the increasing number of single-person households. These households are more likely to adopt smart kitchen appliances, as they are looking for ways to make cooking easier and more convenient. Another factor driving the growth of the market is the rising disposable income of consumers. As consumers have more money to spend, they are more likely to invest in high-tech appliances that can make their lives easier.

 

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In addition, the increasing popularity of home automation is also driving the growth of the smart kitchen appliances market. Home automation systems allow consumers to control their appliances remotely, which can be a great convenience for busy people. Smart kitchen appliances are becoming increasingly connected, allowing consumers to control them from anywhere in the home. This trend is being driven by the growing popularity of home automation systems. Smart kitchen appliances are increasingly being integrated with voice assistants, such as Amazon Alexa and Google Assistant. This allows consumers to control their appliances hands-free, which can be a great convenience.

AI is being used to develop new and innovative smart kitchen appliances. For example, AI can be used to personalize cooking instructions, recommend recipes, and even create shopping lists. The increasing adoption of IoT technology is also contributing to the growth of the market. IoT technology allows appliances to connect to the internet, which opens up a whole new world of possibilities for smart kitchen appliances. For example, smart kitchen appliances can be used to track food inventory, order groceries, and even cook meals automatically.

The growth of the connected home is also driving the growth of the smart kitchen appliances market. As more and more homes become connected, consumers are looking for ways to make their appliances part of the smart home ecosystem. The smart kitchen appliances market is a promising market with a lot of potential. The market is expected to continue to grow in the coming years, driven by the abovementioned trends in the market.

The global smart kitchen appliances market is segmented based on type, application, connectivity, sales channel, and region.

Based on the type, the dominant segment in the smart kitchen appliances market is smart refrigerators. The growth of this segment is being driven by the increasing demand for connected devices that can help consumers save energy, track food inventory, and order groceries.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, the dominant region in the global smart kitchen appliances market is North America. The growth of the market in this region is being driven by the increasing disposable income of consumers, the rising popularity of home automation, and the increasing adoption of IoT technology.

 

Major companies operating in the global Smart Kitchen Appliances market are:

• Umbra
• Toshi Automatic Systems Pvt Ltd
• Shenzhen Svavo Intelligent Technology Co., Ltd
• Kingsway Technology
• Hokwang Industries Co., Ltd.
• Dihour
• GOJO Industries, Inc.
• Essity AB
• Bright Pancar Sdn Bhd
• American Specialties, Inc.

     

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“The smart kitchen appliances market is experiencing significant growth, driven by a combination of factors that cater to consumers' evolving needs and preferences. Convenience, energy efficiency, connectivity, enhanced cooking capabilities, health focus, and market expansion are the six major drivers propelling this industry forward. As technology continues to advance and consumer demand for smart solutions remains strong, the smart kitchen appliances market is poised for continued growth and innovation.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Smart Kitchen Appliances Market By Type (Smart Refrigerators, Smart Cooktops, Smart Dishwashers, Smart Ovens, Smart Coffee Maker, Others), By Application (Residential, Commercial), By Connectivity (Bluetooth, Wi-Fi, NFC), By Sales Channel ( Hypermarkets/Supermarkets, Multi-Branded Stores, Exclusive Stores, Online, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the smart kitchen appliances market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of smart kitchen appliances globally.

 

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