Smart Kitchen Appliances Market: A Comprehensive Overview of the Industry's Players and Trends
The Global Smart Kitchen Appliances Market Report is a comprehensive report on the Smart Kitchen Appliances Market, offering key insights on business strategies, current trends, and presenting qualitative and quantitative analysis of the Smart Kitchen Appliances Market. This report offers in-depth research insights on key and significant aspects of the Smart Kitchen Appliances Market, providing an in-depth analysis of key drivers, restraints, restraints, growth prospects, threats, and risks. The report also includes an in-depth analysis of the competitive landscape and regional scope of the Smart Kitchen Appliances Market.
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The smart kitchen appliances market reached a market size of USD 110.56 Billion in 2020 and is expected to register a double-digit CAGR over the forecast period. Smart kitchen appliances market revenue growth is driven significantly by rapid advancements in the fields of AI and IoT. Major advancements in AI technologies and machine learning have resulted in development and launch of a range of smart products that enable consumers to save time and effort in food preparation, tracking contents and products in the kitchen, refrigerators, and others. In addition, smart kitchen appliances come with features such as intelligent sensors, touch screen, intuitive control, and integrated extractor and other time-saving features that serve to encourage a positive purchase decision among consumers.
The global smart kitchen appliances market is expected to witness further advancements due to growing demand for home automation in both developed and developing countries. Global kitchen and home appliance manufacturers are collaborating to enhance product offerings and improve user experience with more advanced technologies in products.
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
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Emergen Research has segmented the smart kitchen appliances market in terms of product, technology, end use, and region:
Product (Revenue, USD Billion; Volume: Thousand Units; 2020–2028)
Smart Refrigerators
Smart Cookware and Cooktops
Smart Dishwashers
Smart Thermostats
Smart Coffeemakers
Other Appliances
Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
Wi-Fi
Bluetooth
RFID
Others
Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
Online
Offline
End-user Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021–2028)
Residential
Commercial
Industrial
Competitive Outlook:
The global Smart Kitchen Appliances market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Smart Kitchen Appliances market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Key Companies Profiled in the Report are:
Whirlpool Corporation
LG Electronics
Samsung Electronics Co. LTD.
Panasonic Corporation
AB Electrolux
BSH Hausgerate GmbH
Haier Group
Robert Bosch Gmbh
Miele & cie
Koninklijke Philips N.V.
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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key Features of the Smart Kitchen Appliances Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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