Global Smart Kitchen Appliances Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 18.63 % through 2020 to 2027, reaching US$ XX Mn. The report has covered Country Market trends with competitive landscape.
Key players of Smart Kitchen Appliances Market are Whirlpool Corporation, LG Electronics, AB Electrolux, Samsung Electronics Co. Ltd, Haier Group, Panasonic Corporation,BSHHausgerateGmbH,Koninklijke Phillips N.V.,Miele& Cie. KG,Dongbu Daewoo Electronics,MiddlebyCorporation,Welbilt,Rational AG Inc,Dover Corporation ,Cambro Manufacturing Co. Inc.
Increasing customer disposable income & growing technological trends like Internet of Things (IoT) and Artificial Intelligence (AI) supported devices are spurring the market development. Growing implementation of smart kitchen appliances in residential as well as commercial sectors through the world is also one of the key factors driving the market growth towards the north.
The market is anticipated to grow at a major rate due to features like connected security, intelligent sensors, time saving, & convenience. Shifting customer trend toward technology controlled products is pouring the need for electric & energy saving appliances in the kitchen environment. The evolution of smart homes in the U.S. is significantly higher as compared to the rest of the world due to greater penetration of technically equipped advanced products.
Growing importance of kitchen renewal or remodeling in order to build a modular kitchen is important to a fast-paced development for smart kitchen appliances like cookware, cooktops, & dishwashers. The digital support applications in voice-controlled devices like Amazon Echo & Google Home are gaining popularity owing to their ability to control your home. According to a recent study by MMR, around 39 Mn people in America held a smart speaker for a connected home environment in the year 2018. These voice & speaker interface permits the kitchen appliances such as refrigerators & ovens to be controlled & accessed remotely.
Regional Overview:
North America was major market for smart kitchen appliances in the year 2019 due to the rising trend of technology driven appliances in the marketplace. In 2019, the U.S. was the major market for smart kitchen appliances & held more than half of the market share in North America region. Growing disposable income, changing lifestyles, & investments on renovations & recent designs are the prominent aspects for regional market development.
Asia Pacific is anticipated to be the fastest rising market, seeing a significant growth rate of more than 20.46 percent during the forecast period. The rising adoption of smart refrigerators, smart ovens in the Asia-Pacific mainly in China is the main factor for the development of the market in the region
Maximize Market Research, a global Market research firm with a dedicated team of specialists and data has carried out extensive research about Global Smart Kitchen Appliances Market. The report encompasses the Market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the Market, further giving an insight into the Market dynamics and future opportunities that might exist in Global Smart Kitchen Appliances Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing Market know-how of our clients and at the same time explain Global Smart Kitchen Appliances Market positioning of competitors.
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