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Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Ovens), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2021 - 2028

  • ID: 5440536
  • Report
  • September 2021
  • Region: Global
  • 90 Pages
  • Grand View Research

FEATURED COMPANIES

  • BSH Hausgeräte GmbH
  • Dongbu Daewoo Electronic
  • Electrolux AB
  • Haier Group
  • Koninklijke Philips N.V.
  • LG Electronics

The global smart kitchen appliances market size is expected to reach USD 43.83 billion by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 18.6% from 2021 to 2028. Customers are drawn to the new and smart kitchen appliances because they are energy-efficient, eco-friendly, and have a user-friendly interface. Furthermore, as disposable income and purchasing power rise, customers are able to increase their spending on high-end smart kitchen equipment, resulting in increased demand and market growth.



Kitchen appliance manufacturers have recognized the potential of IoT and are investing time and money to build infrastructures that will allow their products to communicate with one another. This feature is valued by consumers that use IoT devices, and it is expected to boost the market growth throughout the forecast period. The Internet of Things (IoT) is a growing network of common objects that connects industrial machinery with consumer home appliances to share data and complete tasks while people are occupied with other activities. The inclusion of small amounts of computational power in appliances has resulted in significant lifestyle enhancements.

Millennials and Gen Xers are most likely to have smart home technology products in their homes, according to Security.org. Persons under the age of 44 are more likely to acquire smart kitchen equipment than people over 45.

According to ValuePenguin, 52% of people who are very concerned about climate change and own a smart home device acquired it because it is better for the environment, compared to 20% of those who are moderately concerned and 10% of those who are not. In addition, 66% of those who are extremely concerned about climate change intend to purchase another smart home gadget in the next six months. Only 41% of respondents were somewhat concerned, while 20% were not at all concerned, indicating that people concerned about the environment are more likely to be repeat buyers of smart home gadgets.

Smart Kitchen Appliances Market Report Highlights

  • By product, the smart refrigerators segment accounted for the largest share of 34.23% in 2020. Smart refrigerators are becoming more common as smart cities and smart infrastructure are more widely adopted. They have emerged as the most popular kitchen appliances. Owing to technological advancements, consumers can now view what's inside their refrigerators with their smartphones
  • Based on the application, the residential segment dominated the market and grabbed a revenue share of 56.83% in 2020. As smart appliances are replacing traditional appliances in kitchens, millennials and the young population are also taking interest in cooking. In addition, rising tourism and travel are increasing consumers’ interest in different cooking cultures and multi-cuisine food, which is thereby contemplating consumers to opt for smart kitchen appliances in their households
  • North America dominated the market and held a revenue share of 33.33% in 2020. The increasing number of smart grid projects, changing consumer preferences, and an increase in spending power are fueling regional market growth. Another noteworthy trend in North America is the increased investments in residential construction projects. The rise in the number of residential and commercial construction projects will lead to an increase in the regional demand for smart kitchen appliances
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BSH Hausgeräte GmbH
  • Dongbu Daewoo Electronic
  • Electrolux AB
  • Haier Group
  • Koninklijke Philips N.V.
  • LG Electronics
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
2.5. Competitive 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. Raw Material Trend
3.3.2. Manufacturing & Technology Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Smart Kitchen Appliances Market
3.8. Market Entry Strategies
3.9. Impact of COVID-19 on the Smart Kitchen Appliances Market

Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations

Chapter 5. Smart Kitchen Appliances Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Smart Refrigerators
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.3. Smart Cookware & Cooktops
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.4. Smart Dishwashers
5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.5. Smart Ovens
5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.6. Other Appliances
5.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)

Chapter 6. Smart Kitchen Appliances Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2020 & 2028
6.2. Residential
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.3. Commercial
6.3.1. Market estimates and forecast, 2016 - 2028 (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, 2016 - 2028 (USD Million)
7.2.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.2.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.2.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.5. Central and South America
7.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.5.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.5.4.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.6. Middle East and Africa
7.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.6.3. Market estimates and forecast, by application, 2016 - 2028 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.6.4.3. Market estimates and forecast, by application, 2016 - 2028 (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, 2020

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. Financial Performance
9.3.3. Type Benchmarking
9.3.4. 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
9.5.4. Strategic Initiatives
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 Hausgeräte GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Koninklijke Philips 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 Electronic
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 refrigerators market estimates and forecast, 2016 - 2028 (USD Million)
4. Smart cookware & cooktops market estimates and forecast, 2016 - 2028 (USD Million)
5. Smart dishwashers market estimates and forecast, 2016 - 2028 (USD Million)
6. Smart ovens market estimates and forecast, 2016 - 2028 (USD Million)
7. Other appliances market estimates and forecast, 2016 - 2028 (USD Million)
8. Residential smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
9. Commercial smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
10. North America smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
11. North America smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
12. North America smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
13. U.S. smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
14. U.S. smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
15. U.S. smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
16. Europe smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
17. Europe smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
18. Europe smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
19. U.K. smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
20. U.K. smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
21. U.K. smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
22. Germany smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
23. Germany smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
24. Germany smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
25. Asia Pacific smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
26. Asia Pacific smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
27. Asia Pacific smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
28. China smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
29. China smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
30. China smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
31. India smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
32. India smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
33. India smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
34. Central & South America smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
35. Central & South America smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
36. Central & South America smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
37. Brazil smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
38. Brazil smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
39. Brazil smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
40. Middle East & Africa smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
41. Middle East & Africa smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
42. Middle East & Africa smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (USD Million)
43. South Africa smart kitchen appliances market estimates and forecast, 2016 - 2028 (USD Million)
44. South Africa smart kitchen appliances market estimates and forecast, by product, 2016 - 2028 (USD Million)
45. South Africa smart kitchen appliances market estimates and forecast, by application, 2016 - 2028 (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, 2020 & 2028
12. Smart kitchen appliances market: Application share (%) analysis, 2020 & 2028
13. Smart kitchen appliances market: Regional share (%) analysis, 2020 & 2028
Note: Product cover images may vary from those shown
  • Whirlpool Corporation
  • LG Electronics
  • Electrolux AB
  • Samsung Electronics Co. Ltd.
  • Haier Group
  • Panasonic Corporation
  • BSH Hausgeräte GmbH
  • Koninklijke Philips N.V.
  • Miele & Cie. KG
  • Dongbu Daewoo Electronic
Note: Product cover images may vary from those shown

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