Smart Cooking Appliances

Smart Cooking Appliances

Global Smart Cooking Appliances Market to Reach US$35.4 Billion by 2030

The global market for Smart Cooking Appliances estimated at US$8.5 Billion in the year 2023, is expected to reach US$35.4 Billion by 2030, growing at a CAGR of 22.7% over the analysis period 2023-2030. Ranges, one of the segments analyzed in the report, is expected to record a 23.5% CAGR and reach US$16.9 Billion by the end of the analysis period. Growth in the Ovens segment is estimated at 22.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 31.1% CAGR

The Smart Cooking Appliances market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2030 trailing a CAGR of 31.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.5% and 19.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.

Global Smart Cooking Appliances Market - Key Trends and Drivers Summarized

How Are Smart Cooking Appliances Transforming the Kitchen Experience?

Smart cooking appliances are revolutionizing the modern kitchen by offering convenience, energy efficiency, and enhanced control through digital connectivity. These appliances, which include smart ovens, induction cooktops, microwaves, and slow cookers, can be remotely controlled and monitored via smartphone apps or voice commands through virtual assistants like Amazon Alexa and Google Assistant. Smart cooking devices come equipped with features such as pre-programmed cooking settings, self-cleaning functions, and real-time monitoring of cooking progress. They also provide users with personalized cooking recommendations based on dietary preferences and ingredient availability. As more consumers embrace connected home technologies, smart cooking appliances are becoming an essential part of the smart home ecosystem, making cooking easier, more precise, and more enjoyable.

How Is the Smart Cooking Appliances Market Segmented and Applied?

The smart cooking appliances market can be segmented by product type, including smart ovens, smart microwaves, smart cooktops, and connected cookware. Smart ovens and microwaves hold a significant share of the market due to their versatility and high consumer demand. The market can also be segmented by distribution channel, including online platforms and brick-and-mortar stores, with e-commerce gaining traction as consumers increasingly turn to online shopping for convenience and access to a wider range of products. In terms of application, residential kitchens represent the largest end-use market, although commercial kitchens are increasingly adopting smart appliances to streamline cooking processes and improve efficiency. Geographically, North America and Europe are the leading markets due to high consumer awareness and the widespread adoption of smart home technologies.

How Are Technological Innovations Shaping the Future of Smart Cooking Appliances?

Technological advancements are at the forefront of the smart cooking appliances market, enhancing their capabilities and user experience. The integration of AI-powered recipe recommendation systems is enabling appliances to suggest personalized meal plans based on users’ dietary preferences and cooking habits. Smart sensors and cameras embedded in ovens and cooktops allow for real-time monitoring and automatic adjustments to cooking settings, ensuring precision and reducing the risk of overcooking or burning food. Voice-controlled appliances are also gaining popularity, enabling hands-free operation and seamless integration with smart home ecosystems. Additionally, energy-efficient technologies, such as induction cooking, are becoming more common in smart cooking appliances, appealing to environmentally conscious consumers seeking sustainable kitchen solutions.

What Factors Are Driving the Growth in the Smart Cooking Appliances Market?

The growth in the smart cooking appliances market is driven by several factors, including the increasing consumer demand for convenience, connectivity, and energy efficiency in home appliances. The rise of smart home ecosystems and the growing adoption of IoT technologies are fueling the integration of cooking appliances into connected home networks. Technological advancements, such as AI-powered meal planning, real-time cooking monitoring, and voice-controlled operations, are further enhancing the appeal of smart cooking devices. Additionally, the growing trend toward health-conscious cooking and personalized meal planning is driving demand for appliances that offer precise cooking control and dietary customization. The expansion of online retail channels and the increasing affordability of smart appliances are also contributing to the market’s growth.

Select Competitors (Total 39 Featured) -

• Buffalo Cookware
• Carysil Limited
• DREO
• Electrolux AB
• ILCAR di Bugatti Srl
• Instant Brands Inc. (Instant Pot)
• Kenwood Limited
• Koninklijke Philips NV
• LG Electronics, Inc.
• Panasonic Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.