Smart kitchen appliances are generally the subset of the overall smart appliances industry. These are premium kitchen appliances designed for optimum efficiency as well as for high performance. Additionally, smart kitchen appliances are equipped with different sensing devices and remote connectivity. Thus, these devices can be operated from remote location using smartphones. Mainly, users’ smartphones are installed with the relative application so as to enable the appliance and smartphone communication. Moreover, smart kitchen appliances offer several benefits that include efficient cooking, waste reduction, and remote access to users through smartphones, tablets, and other devices.
Global Smart Kitchen Appliances Market: Key Players
The research study includes profiles of leading companies operating in the global smart kitchen appliances market. Key players profiled in the report include: LG, Samsung, Honeywell, Bosch, Siemens, GE Appliances, Panasonic Corporation, AB Electrolux, Whirlpool, Tenergy Corporation, Other.
Drivers for the Global Smart Kitchen Appliances Market:
The major driving factor of global smart kitchen appliances market is changing lifestyles, energy saving, time consumption, waste reduction, and proper cooking as well as increasing awareness pertaining to the benefits of kitchen appliances devices and growing preference towards eco-friendly measures worldwide in the wake of power conservation initiatives by regulatory bodies. High energy consumption and high energy-efficiency of traditional appliances are expected to play a pivotal role in market growth. Growing government initiatives for the implementation of energy-efficient devices is also one of the key factors expected to boost the global smart kitchen appliances market. In addition, these appliances are equipped with sensors, and can be operated remotely from smartphones, which is expected to support growth of the global smart kitchen appliances market.
Opportunities for the Global Smart Kitchen Appliances Market:
Introduction of mobile applications by key players to control and monitor smart kitchen appliances is expected to provide lucrative opportunities for revenue growth. Due to the rising technological advancement coupled with people’s discretionary income, the demand for smart kitchen appliances is expected to soar substantially in the coming year. Additionally, smart appliances are highly important in the smart grid infrastructure for they enable two-way communication. Thus, the market for the smart kitchen appliances is expected to expand exponentially in the coming years.
Restrains for the Global Smart Kitchen Appliances Market:
However, lack of awareness about kitchen appliances and their benefits over traditional devices are anticipated to hinder the market growth. Compared to traditional kitchen appliances, smart kitchen appliances are expensive which are restraining the market growth to some extent. Also, high initial and maintenance costs of the devices are expected to pose a challenge to industry growth.
Region Wise, Global Smart Kitchen Appliances Market Analysis:
On the basis of region, global smart kitchen appliances market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The market in North America is expected to dominate the global smart kitchen appliances market in terms of revenue, owing to technological advancements in appliances, changing consumer preferences, coupled with increasing smart grid projects in countries in the region. North America region is followed by Asia pacific and Europe.
Global Smart Kitchen Appliances Market: Product analysis
- Smart Refrigerators
- Smart Dishwashers
- Smart Ovens
- Smart Cookware and Cooktops
- Smart Scales and Thermometers
- Other Appliances
Global Smart Kitchen Appliances Market: Application analysis
Global Smart Kitchen Appliances Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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