Global Smart Kitchen Appliances Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global smart kitchen appliances market in its upcoming report titled, “Global Smart Kitchen Appliances Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global smart kitchen appliances market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart kitchen appliances market report has been segmented on the basis of product, application, and region.

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Smart kitchen appliances have capability to perform faster and efficiently, with the help of various technologies. These appliances are energy efficient, comfortable to use, and time saving, as compared to traditional household appliances. Smart kitchen appliances offer several benefits such as efficient cooking, waste reduction, and remote access to users through smartphones, tablets, and other devices.

Increasing penetration of IoT (Internet of Things) technology is a key factor driving growth of the global smart kitchen appliances market. With a rise of women in workforce, increasing disposable income, strong inclination towards luxury and tech-savvy appliances, and technological upgradation in kitchen appliances are major factors expected to fuel growth in the global smart kitchen appliances market over the forecast period. In addition, these appliances are equipped with sensors, and can be operated remotely from smartphones, which is expected to support growth of the global smart kitchens appliances market.

However, technological advancements in these appliances lead to an increased price of these items. Maintenance cost of smart kitchen appliances is also considerably high, which may restrain growth of the global smart kitchen appliance market. Technology of smart appliances is fairly new, and population in developing or under-developed countries lack awareness about these appliances, which is expected to further slowdown growth of market over the forecast period. Nonetheless, introduction of mobile applications by key players to control and monitor smart kitchen appliances is expected to provide lucrative opportunities for revenue growth.

The market in North America is expected to dominate the global smart kitchen appliances market in terms of revenue, owing to technological advancements in appliances, changing consumer preferences, coupled with increasing smart grid projects in countries in the region. The market in Europe accounted for second-highest revenue share in the global smart kitchen appliances market, followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to grow at significant rate, owing to strengthening economies such as China, and India, comprising of large working population, increasing urbanization, coupled with rising disposable income.

Global smart kitchen appliances market segmentation:

Segmentation by product:

• Smart Refrigerator
• Smart Coffee Maker
• Smart Dishwasher
• Smart Cookware & Cooktop
• Smart Oven
• Other Appliances

Segmentation by Application:

• Residential
• Commercial

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Whirlpool Corporation,
• LG Electronics,
• Dongbu Daewoo Electronics Corporation,
• AB Electrolux,
• Panasonic Corporation,
• Haier Group,
• Samsung Electronics Co. Ltd.
• Koninklijke Philips N.V.
• Electrolux AB