Smart Kitchen Appliance Market Explosive Growth To 2027 | CAGR: 17.5%
In the recent years, several developed countries in North America and Europe has witnessed the growth in adoption of smart kitchen appliances, which is majorly attributed to the significant rise in Internet of Things (IoT). The availability of better internet infrastructure in the regions mentioned above has enabled the end users to procure smart kitchen appliances, thereby, have boosted the growth of smart kitchen appliances market size. Similarly, the Asia Pacific region is also witnessing staggering growth in internet penetration owing to the advancements in internet infrastructure.
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The Major Manufacturers Covered In This Report: Samsung Electronics Co. Ltd., BSH Hausgeräte GmbH, LG Electronics Inc., Breville Group Limited, General Electric (a Haier Company), KONINKLIJKE PHILIPS N.V., Vita-Mix Corporation, AB Electrolux, Whirlpool Corporation, and Panasonic Corporation, among others.
The global market for smart kitchen appliance market is segmented based on the parameters such as product type, connectivity technology, end-user, and geography. Based on product type, smart refrigerators by revenue dominates the smart kitchen appliance market heavily, and on the other hand, smart ovens by volume dominates the market and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of connectivity technology, Wi-Fi segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period.
Within the Smart Kitchen Appliance market, various regions are observed to exhibit different growth trends. North America hold the largest share of the total Smart Kitchen Appliance market. While the regions such as Europe and APAC are expected to exhibit high growth along with the increasing growth in industrial and Electronics and Semiconductor sector.
The Insight Partners add the latest analytical research to a vast collection of research reports on the global Smart Kitchen Appliance Market. It provides comprehensive knowledge of upcoming global market trends and existing scenarios in the global market. According to an informative report from a The Insight Partners, The report subtleties the far reaching and collective examination of Smart Kitchen Appliance Market covering past, present, and estimate period.
Smart Kitchen Appliance Market Segment by Regions, Regional analysis covers: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
The report segments the global smart kitchen appliance market as follows:
Global Smart Kitchen Appliance Market – By Product Type
- Smart Ovens
- Smart Refrigerators
- Smart Sous Vide
- Smart Juicers & Blenders
- Smart Cooker & Cooking Robots
- Smart Cooktops
- Smart & Integrated Ovens & Cooktops
- Others
Global Smart Kitchen Appliance Market – By Connectivity Technology
- Wi-Fi
- Bluetooth
Global Smart Kitchen Appliance Market – By End User
- Commercial
- Residential
- Rest of the World
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