The global smart kitchen
appliance market is segmented into product type such as smart refrigerator,
smart cookware, smart dishwasher smart
kettles, smart coffeemaker and smart thermometers. Among these segments, smart
refrigerator and smart cookware smart kitchen appliance segments is expected to
grow at highest CAGR in overall smart kitchen appliance market during the
forecast period. Moreover, rising innovation through smartphones is anticipated
to positively impact the growth of the global smart kitchen appliance market.
Further, the advantages of smart kitchen appliances such as energy saving, time
consumption, waste reduction and proper cooking is likely to further the impel
the growth.
Global smart kitchen appliance market
is expected to register a 13.8% CAGR over the forecast period. Further, global smart kitchen appliance market is
likely to grow highly as expected due to the increase in the modification of
the home appliances in various regions. Increase in the consumers’ need has led
to the growth of the global smart kitchen appliance market. The increase in IOT standards
is another factor anticipated to fuel the demand for global smart kitchen
appliance market over the forecast period.
North America is poised to
record the fastest growth over the global smart kitchen appliance market over
the forecast period. Further, the increasing consumer requirements over the
demanding nations have led to the growth over the global smart appliance
market. Wifi connectivity segment is expected to emerge as fastest growing segment
among other segments of global smart kitchen appliance market.
Rising
Smart Connectivity
Use of smartphones and rising
consumer awareness about the smart kitchen appliance is anticipated to positively
impact the growth of smart kitchen appliance market. Further, increasing waste
reduction concern among people is expected to strengthen the growth of smart
kitchen appliance market.
Increase
in Residential Construction
Rising residential construction
all across the globe is anticipated to foster the demand for kitchen appliances
and is expected to increase the growth of global smart kitchen appliance
market. Further, rising awareness and affordability factor further anticipated
to increase the growth of global smart kitchen appliance market.
However, high initial and maintenance
cost of the devices is likely to dampen the growth of global smart kitchen
appliance market during the forecast period.
The report titled “Smart Kitchen Appliance
Market: Global Demand Analysis &
Opportunity Outlook 2024” delivers
detailed overview of the global smart kitchen appliance market in terms of
market segmentation by product type, by price, by end-user, by connectivity and
by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global smart
kitchen appliance market which includes company profiling of Whirlpool Corporation, LG Electronics, Dongbu Daewoo
Electronics Corporation, AB Electrolux, Panasonic Corporation, Haier Group,
Samsung Electronics Co. Ltd., BSH Home Appliances Corporation, Sub-Zero, Inc., Breville
Group Ltd. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the global Smart kitchen appliance market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more Info:
Ajay
Daniel
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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