Demand and Trends of Smart Kitchen Appliances Market Size Will Grow to USD 33.55 Billion by 2026, Globally: Facts & Factors

[195+ Pages Research Report] According to Facts and Factors market research report, the Global Smart Kitchen Appliances Market size & share revenue is expected to grow from USD 11.76 Billion in 2020 to reach USD 33.55 Billion by 2026, at 19.10% annual CAGR growth during forecast period of 2021-2026. The top market companies profiles included in report with their sales, revenues and strategies are LG Electronics, Whirlpool Corporation, Samsung Electronics Co. Ltd, AB Electrolux, Panasonic Corporation, Haier Group, Koninklijke Phillips N.V., BSH Hausgerate GmbH, and others.

New York, NY, June 15, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Smart Kitchen Appliances Market By Product Type (Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers, and Others), By Technology (Wi-Fi, Bluetooth, RFID, and Others), Sales Channel (Online, and Offline), By Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels), By End User (Residential, and Commercials): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.

“According to the recent research report, the demand of global Smart Kitchen Appliances Market size & share expected to reach to USD 33.55 Billion by 2026 from USD 11.76 Billion in 2020, at a compound annual growth rate (CAGR) of 19.10% during the forecast period 2021 to 2026”

Global Smart Kitchen Appliances Market: Overview

Smart kitchen appliances are products designed to save energy and time. Their primary goal is to be both environmentally friendly and productive. They're made up of a mix of technologies, thoughtful design, and eco-friendly materials. Cooking is becoming more popular, and equipment is frequently used for a variety of functions. With the rapid growth of technology, the kitchen idea has undergone a significant transformation, with a strong focus on enhancing efficiency in the kitchen and lowering the time spent cleaning and cooking.

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Our Free Sample Report Includes:

• 2020 Updated Report Introduction, Overview, and In-depth industry analysis

• COVID-19 Pandemic Outbreak Impact Analysis Included

• 195+ Pages Research Report (Inclusion of Updated Research)

• Provide Chapter-wise guidance on Request

• 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

• Includes Updated List of table & figures

• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis

• Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

• LG Electronics

• Whirlpool Corporation

• Samsung Electronics Co. Ltd

• AB Electrolux

• Panasonic Corporation

• Haier Group

• Koninklijke Phillips N.V.

• BSH Hausgerate GmbH

• Sub-Zero

• Miele

• Hestan Cue Inc.

• Breville Group Limited

• De’Longhi Appliances S.r. L.

• Cie KG

• Groupe SEB

To know an additional revised list of 2020-2021 top market players, request a sample report: https://www.fnfresearch.com/sample/smart-kitchen-appliances-market

Key questions answered in this report:

• What is the projected market size & growth rate of the Smart Kitchen Appliances Market?

• What are the key driving factors for the growth of the Smart Kitchen Appliances Market?

• What are the top companies operative in Smart Kitchen Appliances Market?

• What segments are covered in Smart Kitchen Appliances Market?

• How can I get free sample report/company profiles of the Smart Kitchen Appliances Market?

Kitchen appliance manufacturers have recognized the promise of IoT and are investing time and money in establishing infrastructures for their goods to interact across. Consumers that are actively utilizing IoT devices value this feature, which is projected to fuel market expansion throughout the forecast period. The Internet of Things (IoT) is a developing network of common objects that connects industrial machinery with consumer home appliances to share information and accomplish tasks while people are busy doing other things. Small amounts of computational power embedded in appliances have resulted in major lifestyle improvements. By alerting users of schedules, deadlines, or other household demands, networked devices are better serving users and helping to adjust their behavior in good ways.

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Market Dynamics

Customers are drawn to the new and smart kitchen appliances because they are eco-friendly, have a user-friendly interface, and are energy-efficient. Furthermore, rising disposable income and purchasing power enable customers to boost their spending on luxury smart kitchen equipment, resulting in increased demand and market growth. The smart big cooking appliance sector grew at the fastest rate in the smart kitchen appliance market. This category accounts for the greatest share of the worldwide smart kitchen appliance market, owing to rising living standards and increased interest in smart connected home appliances. Furthermore, the expansion is aided by the enhanced technology utilized in these appliances, as well as their add-on networking functions. With rising customer demand for energy-efficient appliances with user-friendly interfaces, the smart big kitchen appliance industry is likely to increase. Smart kitchen appliances make use of technology that allows them to accomplish tasks more quickly and efficiently. In comparison to traditional kitchen equipment, smart kitchen equipment are more energy efficient. One of the primary aspects driving the smart kitchen appliances market growth is the functionality that automatically shuts off the appliances as needed while telling the owner. Furthermore, the growing usage of IoT technology contributes significantly to the growth of the smart kitchen appliances market. However, a lack of understanding of the benefits and high maintenance costs of smart kitchen equipment are two important challenges that are impeding the industry's growth.

Global Smart Kitchen Appliances Market: Segmentation

The global smart kitchen appliances market can be segregated based on product type, technology, end-use industry, and region. Based on product type, the global smart kitchen appliances industry is categorized into smart cookware and cooktops, smart dishwashers, smart refrigerators, smart ovens, smart scale and thermometers, and others. Based on technology, the global smart kitchen appliances industry is categorized into Bluetooth, wi-fi, RFID, and others. Based on sales channels, the global smart kitchen appliances industry is categorized into offline, and online. Based on distribution channels, the global smart kitchen appliances industry is categorized into exclusive stores, multi-brand stores, online, and other distribution channels. Based on end-user, the global smart kitchen appliances industry is categorized into commercial, and residential.

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North America is projected to Dominate Global Smart Kitchen Appliances Market Growth

In terms of value, North America was the largest market for smart kitchen appliances in 2020. The smart kitchen appliances market's growth prospects remain bright in Europe and North America. The category is growing due to the rising spending power of inhabitants in western nations such as the United States, France, and Germany, as well as their interest in sophisticated gourmet cookery. Consumers' attention is being drawn to technology-driven kitchen appliances by constantly changing home and business routines, affordable power accessibility, and increased worries about energy-efficient equipment.

Browse the full report “Smart Kitchen Appliances Market By Product Type (Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers, and Others), By Technology (Wi-Fi, Bluetooth, RFID, and Others), Sales Channel (Online, and Offline), By Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels), By End User (Residential, and Commercials): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/smart-kitchen-appliances-market

The global smart kitchen appliances market is segmented as follows:

By Product Type

• Smart Ovens

• Smart Dishwashers

• Smart Refrigerators

• Smart Cookware and Cooktops

• Smart Scale and Thermometers

• Others

By Technology

• Wi-Fi

• Bluetooth

• RFID

• Others

By Sales Channel

• Online

• Offline

By Distribution Channel

• Multi-brand Stores

• Exclusive Stores

• Online

• Other Distribution Channels

By End-User

• Residential

• Commercial

Key Highlights of this Report:

• Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable

• Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications

• Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market

• Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward

• Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward

• Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data

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