Smart Kitchen Appliance Market, By Type (Smart Refrigerator, Smart Coffee Maker, Smart Kettle, Smart Dish Washer, Smart Deep Freezer, Smart Oven, Smart Cooktop, Smart Ranges, Smart Cooker), Technology (Wi-Fi, Bluetooth, NFC), End-User (Residential, Commercial), Distribution Channel (Retail, E-Commerce) Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global smart kitchen appliance market is anticipated to reach USD 2,824.4 million by 2020 growing at a CAGR of 24.6% during the forecasting period, 2020-2028. Smart kitchen appliances are deployed with different sensors that simplify the usage. Additionally, smart kitchen appliances are manufactured with connectivity features so as to connect other household appliances and also to handheld devices such as tablets, smartphones, and others. These appliances can also be regulated remotely. Factors such as increasing advancement, bent towards preferring eco-friendly measures worldwide are driving the market for smart kitchen appliances.
The global smart kitchen appliance market is segmented into type, technology, end-user, distribution channel, and geography.
The type segment is segmented into smart refrigerator, smart coffee maker, smart kettle, smart dishwasher, smart deep freezer, smart oven, smart cooktop, smart ranges, and smart cooker
On the basis of type, the smart refrigerator segment accounted for the high share of the smart kitchen appliance market during the forecast period 2020-2028
The technology segment is segmented into Wi-Fi, Bluetooth, and NFC
The end-User segment is segmented into Residential and Commercial
The distribution channel segment is segmented into Retail and E-Commerce
Geographically, the global smart kitchen appliance market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
North America region is largely dominating and the Asia-Pacific region is anticipated to grow with the highest growth rate during the forecast period 2020-2028.
Key players in the global smart kitchen appliance market are Whirlpool Corporation, LG Electronics Co. Ltd., Samsung Electronics Co. Ltd., AB Electrolux, Panasonic Corporation, Haier Group, Dongbu Daewoo Electronics Corporation, BSH Home Appliances Corporation (Robert Bosch GmbH), Sub-Zero, Inc. among others.
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance: