Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Ovens), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024 - 2030

Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Ovens), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024 - 2030


Smart Kitchen Appliances Market Growth & Trends

The global smart kitchen appliances market size is expected to reach USD 60.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 17.9% from 2024 to 2030. The market's main development drivers include factors like rising demand for smart sensors and energy efficiency, increasing home kitchen renovation and reconstruction, a consumer shift toward making homes more technologically advanced with artificial intelligence (AI) assistance and rising disposable income.

Technological advancements and growing demand for smart homes have been significantly driving the smart kitchen appliances industry growth. For instance, the smart home concept helps detect a leak in the pipes with a detection tool, which triggers an alert if there is a leak with the help of sensor-based technologies installed in the appliances. With the growing number of young people purchasing homes, there has been a gradual shift from traditional kitchen fittings to the adoption of smart kitchen appliances with new technology like touchscreens, voice control, Wi-Fi, sensors, and anti-fingerprint coatings in kitchen appliances. Moreover, the growing popularity of smart homes, which combine elegance and convenience, is driving the demand for smart kitchen appliances.

In addition, smart appliances are not only connected to Wi-Fi or sensor-enabled but are also focused on energy consumption and efficiency through smart meters. For instance, dishwashers with heat pumps consume less energy, such as Winning Appliances, V-ZUG Ltd, and others. These have lately been included in a dishwasher that is sold commercially and is available in the Swiss market. To better manage the electrical grid and reduce the need for backup generators, time-of-use control on some of the larger appliances might be used as a distributed resource.

The materials that are used to make home appliances have changed over time. The two most important developments are the replacement of steel with more plastic and the shift from electronic to mechanical controls. In addition, important trends influence product design, material utilization, and advancements in recycling technologies and procedures, such as appliances becoming smarter, interactive, and frequently multifunctional.

Consumers focus on making the kitchen a focal point in their homes, leading to renovation and decoration in kitchens following current trends and products. Consumers' need for technological advancements, coupled with shifting social dynamics, has fueled the growth of smart kitchen appliances. In addition, the growing culture of avid cooks, seasoned hosts, and busy families encourages consumers to invest in smart kitchen appliances for greater convenience and hassle-free cooking.

Smart Kitchen Appliances Market Report Highlights
  • North America dominated the market in 2023. This is due to growing internet penetration, increasing adoption of smart home devices, and growing need for functionality and convenience in the kitchen
  • In terms of product, smart cookware & cooktops segment is projected to register the fastest growth from 2024 to 2030 due to the need for precision cooking, energy efficiency, and integration with smart home systems
  • During the forecast period, the commercial application segment of smart kitchen appliances is projected to grow at the fastest CAGR. This is due to the rising need for efficiency and cost-effectiveness in food preparation, leading to streamlined operations and enhanced customer experiences
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Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Smart Kitchen Appliance Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Technology Trends
3.2.2. Retail/Sales Channel Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations
Chapter 5. Smart Kitchen Appliance Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2023 & 2030
5.2. Smart Kitchen Appliance Market Estimates & Forecast, By Product, 2018 - 2030 (USD Million)
5.2.1. Smart Refrigerators
5.2.1.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.2.2. Smart Cookware & Cooktops
5.2.2.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.2.3. Smart Dishwashers
5.2.3.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.2.4. Smart Ovens
5.2.4.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.2.5. Others
5.2.5.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Kitchen Appliance Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2023 & 2030
6.2. Smart Kitchen Appliance Market Estimates & Forecast, By Application, 2018 - 2030 (USD Million)
6.2.1. Residential
6.2.1.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.2.2. Commercial
6.2.2.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Smart Kitchen Appliance Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. North America smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. U.S. smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Canada smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3.2. Germany
7.3.2.1. Key country dynamics
7.3.2.2. Germany smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3.3. U.K.
7.3.3.1. Key country dynamics
7.3.3.2. U.K. smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3.4. France
7.3.4.1. Key country dynamics
7.3.4.2. France smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3.5. Spain
7.3.5.1. Key country dynamics
7.3.5.2. Spain smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.3.6. Italy
7.3.6.1. Key country dynamics
7.3.6.2. Italy smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. China smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Key country dynamics
7.4.3.2. Japan smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4.4. India
7.4.4.1. Key country dynamics
7.4.4.2. India smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. Key country dynamics
7.4.5.2. South Korea smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.4.6. Australia
7.4.6.1. Key country dynamics
7.4.6.2. India smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Central & South America smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Brazil smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Middle East & Africa smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. South Africa smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
7.6.3. Saudi Arabia
7.6.3.1. Key country dynamics
7.6.3.2. South Africa smart kitchen appliances market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 8. Smart Kitchen Appliance Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Market Share Analysis
8.4. Company Heat Map Analysis
8.5. Strategy Mapping
8.6. Company Profiles
8.6.1. Whirlpool Corporation
8.6.1.1. Company Overview
8.6.1.2. Financial Performance
8.6.1.3. Product Benchmarking
8.6.1.4. Strategic Initiatives
8.6.2. LG Electronics
8.6.2.1. Company Overview
8.6.2.2. Financial Performance
8.6.2.3. Product Benchmarking
8.6.2.4. Strategic Initiatives
8.6.3. Electrolux AB
8.6.3.1. Company Overview
8.6.3.2. Financial Performance
8.6.3.3. Product Benchmarking
8.6.3.4. Strategic Initiatives
8.6.4. Samsung Electronics Co., Ltd.
8.6.4.1. Company Overview
8.6.4.2. Financial Performance
8.6.4.3. Product Benchmarking
8.6.4.4. Strategic Initiatives
8.6.5. Haier Group
8.6.5.1. Company Overview
8.6.5.2. Financial Performance
8.6.5.3. Product Benchmarking
8.6.5.4. Strategic Initiatives
8.6.6. Panasonic Corporation
8.6.6.1. Company Overview
8.6.6.2. Financial Performance
8.6.6.3. Product Benchmarking
8.6.6.4. Strategic Initiatives
8.6.7. BSH Hausgerate GmbH
8.6.7.1. Company Overview
8.6.7.2. Financial Performance
8.6.7.3. Product Benchmarking
8.6.7.4. Strategic Initiatives
8.6.8. Breville
8.6.8.1. Company Overview
8.6.8.2. Financial Performance
8.6.8.3. Product Benchmarking
8.6.8.4. Strategic Initiatives
8.6.9. Miele & Cie. KG
8.6.9.1. Company Overview
8.6.9.2. Financial Performance
8.6.9.3. Product Benchmarking
8.6.9.4. Strategic Initiatives
8.6.10. Dongbu Daewoo Electronics
8.6.10.1. Company Overview
8.6.10.2. Financial Performance
8.6.10.3. Product Benchmarking
8.6.10.4. Strategic Initiatives

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