Global Smart Kitchen Appliances Market Overview And Prospects – Includes Smart Kitchen Appliances Market Size
Learn about the global smart kitchen appliances market through The Business Research Company, which provides information on smart kitchen appliances market size, smart kitchen appliances market drivers and restraints, smart kitchen appliances market players, the COVID-19 impact on the smart kitchen appliances market, and more.
The global smart kitchen appliances market is expected to grow from $14.75 billion in 2021 to $17.54 billion in 2022 at a compound annual growth rate (CAGR) of 18.89%. The global smart kitchen appliances market size is expected to grow to $34.10 billion in 2026 at a compound annual growth rate (CAGR) of 18.80%.
The increased demand for advanced and intelligent cooking appliances is significantly contributing to the growth of the smart kitchen appliances market.
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The smart kitchen appliances market consists of sales of smart kitchen appliances by entities (organizations, sole traders, and partnerships) that refer to kitchen appliances connected through IoT (internet of things) technology, Bluetooth, Wi-Fi, and other technologies. These smart kitchen appliances are used to make household management easier to operate and eliminate mundane tasks. For enhanced functionality and a more interactive experience, these appliances, like other smart technologies, are integrated with sensor technology, computing power, one or more actuators, and communication capabilities such as Bluetooth or Wi-Fi, advanced user interface, and artificial intelligence (AI) technologies.
Global Smart Kitchen Appliances Market Segments Include:
By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances
By Sales Channel: Indirect Sales Channel, Direct Sales Channel
By Application: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global smart kitchen appliances market in 2021.
Technological advancement is a key trend gaining popularity in the smart kitchen appliances market. Key players operating in the smart kitchen appliances market are focusing on developing innovative kitchen appliances with advanced technological solutions such as machine learning to enhance their existing product portfolio and strengthen their position in the market.
TBRC’s Smart Kitchen Appliances Market Report Covers:
Major Market Players: Whirlpool Corporation, LG Electronics, Electrolux AB, Samsung Electronics Co. Ltd., Haier Group, AB Electrolux, BSH Home Appliances Corporation, Panasonic Corporation, Breville Group Limited, Miele & Cie. KG, Vita-Mix Corporation, GE Appliances, Xiaomi, SectorQube, and Dacor.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Smart Kitchen Appliances Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides smart kitchen appliances market overviews, analyzes and forecasts market size, share, smart kitchen appliances market players, smart kitchen appliances market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s smart kitchen appliances market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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