Global Smart Kettle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast 2018 to 2029
“Global Smart Kettle Market” is the title of an upcoming report offered by MarketResearch.Biz. The research process involved the study of various factors positively or negatively impacting the industry, as well as the effects of the more recent COVID-19 pandemic situation that has globally disrupted business. Also, market risks, opportunities, growth market barriers and challenges, and future scenarios have been covered in the report. The research study involved the extensive usage of expert opinions, using both primary and secondary data sources and efforts. Factors considered include government policies and mandates, the market environment, competitive landscapes, historical data, current and historical trends in the market, technological innovations, new solutions and modifications made to existing provisions, upcoming technologies and the technical progress of related industries. The global smart kettle market has been segmented on the basis of technology outlook, power ratings, as well as regions and countries.
A kettle, is a type of pot, specialized for boiling water that functions in a self-contained manner. Smart kettles are kettles that employ the use of smart technology to control the various functions of this device remotely.
Increasing technological trends such as the Internet of Things (IoT) and A.I. (Artificial Intelligence) enabled devices, as well as rising disposable incomes of individuals are surging the global demand for smart kettles in both the commercial and residential sectors.
With features such as security and intelligent sensors that amplify time saved as well as increased convenience, the revenue growth of the medium kitchen appliances is expected to surge at a significant rate over the next 10 years. The rising popularity and emergence of digital assistant applications such as Google Home, Amazon Echo, etc., lend its users the ability to control devices in their homes through smart connections and this is expected to increase demand for these smart kettles in the near future.
With the unfortunate outbreak of COVID-19 virus in December 2019, industries of all sizes have been drastically affected on a global-scale. The hampered ability of market players to effectively manufacture and transport their products is expected to significantly restrain the revenue growth of the global smart kettle market. It is due to factors such as these, that revenue growth of the global smart kettle market is slated to take a significant toll and recovery from this crisis is expected to take years.
In a bid to attract a higher number of consumers and to increase market penetration, manufacturers are investing vast sums of capital to develop newer, eco-friendly technologies, and this is expected to significantly contribute to the revenue growth of the global smart kettle market.
Segmentation of the global smart kettle market is as follows:
In terms of technology, the Wi-Fi product segment accounted for a majority revenue share of the global smart kettle market in 2019 and is projected to remain the fastest growing segment in the foreseeable future.
With respect to power ratings, the 1200-1800 W segment accounted for the majority revenue share of the global smart kettle market and is expected to continue to do so over the next 10 years owing to its energy and time-saving features. However, the 1800-3000 W segment is slated to register a significant CAGR in the foreseeable future.
Regional Segmentation and Analysis:
The market in the Asia Pacific region accounted for the majority revenue share of the global smart kettle market owing to the large presence of manufacturers in this region. This region is also expected to fastest growing region in terms of revenue in the years to come.
Segmentation of Global Smart Kettle Market:
Segmentation by Technology Outlook:
Segmentation by Power Rating:
- Up to 1200 W
- 1200-1800 W
- 1800-3000 W
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Breville Group Limited
- Smarter Applications Ltd.
- Fellow Industries Inc.
- Brewista Inc.
- Sage Appliances
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