A new Report by Delvens, titled "Smart Kitchen Appliance Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global smart kitchen appliance market is anticipated to reach USD 2,824.4 million by 2020 growing at a CAGR of 24.6% during the forecasting period to 2028.
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Key players in the global smart kitchen appliance market are:
· Whirlpool Corporation,
· LG Electronics Co. Ltd.,
· Samsung Electronics Co. Ltd.,
· AB Electrolux,
· Panasonic Corporation,
· Haier Group,
· Dongbu Daewoo Electronics Corporation,
· BSH Home Appliances Corporation (Robert Bosch GmbH),
· Sub-Zero, Inc. among others.
Regional Analysis
North America region is largely dominating and the Asia-Pacific region is anticipated to grow with the highest growth rate during the forecast period 2020-2028.
Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
· In 2019, Sharp, a global consumer electronics brand has announced the launch of its new range of smart home appliances in India. The company is aimed towards strengthening its presence in the home air purification and home appliance segment in the country.
· In 2018, Magnet Kitchens and Samsung launched a new range of smart kitchen appliances namely smart fridge freezer, smart oven, smart hob and hood and among others
· In 2019, Whirlpool launched a new range of premium cooking appliances powered by 6th sense technology
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Smart kitchen appliances are deployed with different sensors that simplify the usage. Additionally, smart kitchen appliances are manufactured with connectivity features so as to connect other household appliances and also to handheld devices such as tablets, smartphones, and others. These appliances can also be regulated remotely. Factors such as increasing advancement, bent towards preferring eco-friendly measures worldwide are driving the market for smart kitchen appliances.
Key Findings
· The global smart kitchen appliance market is segmented into type, technology, end-user, distribution channel, and geography.
· The type segment is segmented into smart refrigerator, smart coffee maker, smart kettle, smart dishwasher, smart deep freezer, smart oven, smart cooktop, smart ranges, and smart cooker
· On the basis of type, the smart refrigerator segment accounted for the high share of the smart kitchen appliance market during the forecast period 2020-2028
· The technology segment is segmented into Wi-Fi, Bluetooth, and NFC
· The end-User segment is segmented into Residential and Commercial
· The distribution channel segment is segmented into Retail and E-Commerce
· Geographically, the global smart kitchen appliance market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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