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Smart Kitchen Appliances Market report categorizes the global market by Type, by Technology, by End Users and Geography - Global Trends and Forecast to 2025
Smart Kitchen Appliances Market-Global Trends and Forecast to 2025
Smart kitchen appliances uses technology that have the capability to perform functions faster
and cheaper. Smart kitchen appliances are energy efficient appliances relative to traditional
kitchen appliances. It consist of feature that automatically switches off the appliances as per
requirement by informing the owner, one of the major factors driving the smart kitchen
appliances market growth. In addition, the increasing adoption of IoT technology also plays a
major role for the growth of the smart kitchen appliances market. However, lack of awareness
about the advantages and high maintenance cost of the smart kitchen appliances are some of
the major factors which hinders growth of the smart kitchen appliances market.
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Smart Kitchen Appliances Market Taxonomy
On the basis of type, the global smart kitchen appliances market is segmented into:
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Smart Coffee Maker
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Smart Cooker
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Smart Cooktop
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Smart Dish Washer
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Smart Freezer
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Smart Kettle
●
Smart Oven
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Smart Refrigerator
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Others
On the basis of technology, the global smart kitchen appliances market is segmented into:
●
●
●
Bluetooth
Near Field Communication
Wi-Fi
On the basis of end users, the global smart kitchen appliances market is segmented into:
●
●
Commercial
Residential
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The smart refrigerator segment held a dominant position in smart kitchen market in 2016 and
is projected to retain its dominance throughout the forecast period. The smart refrigerator
keeps the record of products kept inside with the help of barcode and RFID. It reduce the
power consumption by automatically switching off the power as required, which raised the
demand for smart refrigerator in the market. The Wi-Fi technology segment held a dominant
position in smart kitchen appliances market in 2016 and is projected to retain its dominance
throughout the forecast period. By the end of the year 2017, it is projected that approximately
53.6% households will have an internet access worldwide compared to 51.5% in 2016. The
increasing household’s internet access fuels the Wi-Fi technology segment in smart kitchen
appliances market. The residential segment held a dominating position in smart kitchen
market in 2016 and is projected to retain its dominance throughout the forecast period.
Smart Kitchen Appliances Market Outlook – North America holds significant market
share
Regional segmentation of smart kitchen appliances market by Coherent Market Insights
comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
North America Holds the major share in the global smart kitchen appliances market and is
projected to retain its dominance throughout the forecast period. This is owing to increasing
number of smart grid power projects, changing lifestyle, and increasing per capita income.
The U.S. and Canada are the major countries which drives the smart kitchen appliances
market in North America region. Asia Pacific is projected to exhibit highest CAGR over the
forecast period. India, china, Japan, and South Korea are some of the major countries that
drives the market in Asia Pacific region. However, China held the dominant position in 2016
and is projected to witness highest CAGR over the forecast period in the region. This is
mainly owing to factors such as growing economy and high investments in smart grid
projects.
Key Players in the Global Smart Kitchen Appliances Market
Key players operating in the global smart kitchen market include General Electric Co. (GE),
LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Whirlpool
Corporation, Electrolux AB, Koninklijke Philips N.V., Electrolux, Qingdao Haier Co Ltd,
and Dacor.
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Author
apeksha motghare
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Science and Nature
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