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Smart Kitchen Appliances Market Size, Share & Trends Analysis Report by Product (Smart Refrigerators, Smart Cookware & Cook Tops, Smart Dishwashers, Smart Ovens), by Application, by Region, and Segment Forecasts, 2022-2030

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    Report

  • 125 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5440536
The global smart kitchen appliances market size is expected to reach USD 60.19 billion by 2030, registering CAGR of 18.4% during the forecast period, according to this report. With pacing technological advancements, the kitchen appliances are experiencing a radical change, with a major focus on increasing efficiency around the kitchen and reducing the time spent in cleaning and cooking.

Sustainability is increasingly on the top of mind for the consumers, making the companies to adopt the eco-friendliness and releasing a green appliance that ranges from energy-saving features and to minimizing the carbon footprints. For example, LG is offering a solution with its Insta View Refrigerator which needs to knock twice on the door to view the interior contents, without opening the door. These refrigerators have also been recognized by the U.S. Environmental Protection Agency for their potential to significantly reduce the greenhouse gas emissions.

The residential segment of the smart kitchen appliance, through its products and innovation has become essential due to changes in the lifestyle, health, safety and convenience. It is also contributing to the employment opportunities and the nation’s economic security. The factors promoting the growth of nation’s economic security. Connected home appliances include smart appliances (dishwashers, refrigerators, microwaves, etc.), safety & security systems and energy requirement like smart lighting.

Developed countries such as the U.S. Japan and U.K. along with developing countries like China, India have made various advancements in the kitchen appliances. The U.S. market has experienced a substantial growth in the smart kitchen remodeling projects for residential use. According to Alarm.org, 57% of the Americans admitted that using smart products is saving approximately 30 minutes of their time. 47% of the millennial are using smart home appliances.

The industry has been gaining prominence on account of the devices, enhanced with smart sensors and the Internet of Things (IoT). For example, June oven is a smart computer based counter top oven with features like intelligent alerts, video monitoring and meal planning. It also features weight sensors, thermometer and camera to run computer vision algorithms.

Smart Kitchen Appliances Market Report Highlights

  • The smart refrigerators segment was valued at USD 4,478 million in 2021 and is expected to reach a CAGR of 17.5% by 2030.These refrigerators use RFID and barcodes to detect and track the contents. Internal cameras, the ability to interact with the refrigerator's capabilities via a smartphone or tablet when away from home, and more flexible user-controlled cooling options are included in these refrigerators
  • Residential segment is expected to witness substantial growth over the forecast period with a CAGR of 18.9% from 2022 to 2030.Rising tourism and travel are adding interest of consumers towards different cooking cultures and multi-cuisine food, which is thereby contemplating consumers to opt for smart kitchen appliances in their households
  • Europe region was valued a USD 3623.6 million in 2021 and is expected to register a CAGR of 16.4% throughout the forecast period. The foodservice sector in the region has witnessed significant growth during the past few years. All the largest foodservice markets in Europe, including the U.K., France, Germany, Italy, Spain, and Russia, witnessed an increase in spending on Quick Service Restaurants (QSRs)


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Frequently Asked Questions about the Global Smart Kitchen Appliances Market

What is the estimated value of the Global Smart Kitchen Appliances Market?

The Global Smart Kitchen Appliances Market was estimated to be valued at $15.67 Billion in 2022.

What is the growth rate of the Global Smart Kitchen Appliances Market?

The growth rate of the Global Smart Kitchen Appliances Market is 18.4%, with an estimated value of $60.19 Billion by 2030.

What is the forecasted size of the Global Smart Kitchen Appliances Market?

The Global Smart Kitchen Appliances Market is estimated to be worth $60.19 Billion by 2030.

Who are the key companies in the Global Smart Kitchen Appliances Market?

Key companies in the Global Smart Kitchen Appliances Market include Whirlpool Corporation, LG Electronics, Electrolux AB, Samsung Electronics Co. Ltd., Haier Group, Panasonic Corporation, BSH Hausgerate GmbH, Koninklijke Phillips N.V. and Dongbu Daewoo Electronics.

Table of Contents

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. 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 Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Regional Insights
Chapter 3. Smart Kitchen Appliances Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Retail Chain Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Driver Impact Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s Five Forces Analysis
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Smart Kitchen Appliances Market
3.7. Market Entry Strategies
3.8. Impact of Covid - 19 on the Smart Kitchen Appliances Market
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Smart Kitchen Appliances Market: Product Estimates & Trend Analysis
5.1. Product Analysis & Market Share, 2021 & 2030
5.2. Smart Refrigerators
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Smart Cookware & Cook tops
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Smart Dishwashers
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Smart Oven
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Other Appliances
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Smart Kitchen Appliances Market: Type Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2021 & 2030
6.2. Residential
6.2.1. Market estimates and forecast 2017 - 2030 (USD Million)
6.3. Commercial
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Smart Kitchen Appliances Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
9.1. Whirlpool Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. LG Electronics
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Electrolux AB
9.3.1. Company Overview
9.3.2. Product Benchmarking
9.3.3. Strategic Initiatives
9.4. Samsung Electronics Co. Ltd.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Haier Group
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.6. Panasonic Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. BSH Hausgerate GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Koninklijke Phillips N.V.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Miele & Cie. KG
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Dongbu Daewoo Electronics
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Smart kitchen appliances market - Driving factor market analysis
2. Smart kitchen appliances market - Restraint factor market analysis
3. Smart refrigerator market estimates and forecast, 2017 - 2030 (USD Million
4. Smart cookware & cook tops market estimates and forecast, 2017 - 2030 (USD Million)
5. Smart dishwasher market estimates and forecast, 2017 - 2030 (USD Million)
6. Smart oven market estimates and forecast, 2017 - 2030 (USD Million)
7. Other appliances market estimates and forecast, 2017 - 2030 (USD Million)
8. Residential smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
9. Commercial smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
10. North America smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
11. North America smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
12. North America smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
13. U.S. smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
14. U.S. smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
15. U.S. smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
16. Europe smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
17. Europe smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
18. Europe smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
19. U.K. smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
20. U.K. smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
21. U.K. smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
22. Germany smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
23. Germany smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
24. Germany smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
25. Asia Pacific smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
26. Asia Pacific smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
27. Asia Pacific smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
28. China smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
29. China smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
30. China smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
31. India smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
32. India smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
33. India smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
34. Central & South America smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
35. Central & South America smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
36. Central & South America smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
37. Brazil smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
38. Brazil smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
39. Brazil smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
40. Middle East & Africa smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
41. Middle East & Africa smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
42. Middle East & Africa smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
43. South Africa smart kitchen appliances market estimates and forecast, 2017 - 2030 (USD Million)
44. South Africa smart kitchen appliances market estimates and forecast, by product, 2017 - 2030 (USD Million)
45. South Africa smart kitchen appliances market estimates and forecast, by application, 2017 - 2030 (USD Million)
46. Company categorization
List of Figures
1. Smart kitchen appliances market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Smart kitchen appliances market - Growth prospect mapping
7. Top renovation targets (%) in U.K., 2018
8. Home Decoration, by Generation
9. Smart kitchen appliances market: Porter’s Five Forces Analysis
10. Smart kitchen appliances market: Roadmap
11. Smart kitchen appliances market: Product share (%) analysis, 2021 & 2030
12. Smart kitchen appliances market: Application share (%) analysis, 2021 & 2030
13. Smart kitchen appliances market: Regional share (%) analysis, 2021 & 2030
14. Smart kitchen appliances market: Estimated company market share (%) analysis, 2021

Companies Mentioned

  • Whirlpool Corporation
  • LG Electronics
  • Electrolux AB
  • Samsung Electronics Co. Ltd.
  • Haier Group
  • Panasonic Corporation
  • BSH Hausgerate GmbH
  • Koninklijke Phillips N.V.
  • Miele & Cie. KG
  • Dongbu Daewoo Electronics

Methodology

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