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Global Smart Kitchen Appliances Market By Product, By Applications, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

  • ID: 5504084
  • Report
  • October 2021
  • Region: Global
  • 179 Pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • BSH Hausgeräte GmbH
  • Electrolux AB
  • Koninklijke Philips N.V.
  • LG Electronics, Inc.
  • Miele & Cie. KG
  • Panasonic Corporation

The Global Smart Kitchen Appliances Market size is expected to reach $33.3 billion by 2027, rising at a market growth of 17.3% CAGR during the forecast period. Smart kitchen appliances are manufactured by integrating smart technologies like AI into traditional kitchen appliances. These appliances are developed to improve efficiency, provide more comfort and streamline kitchen tasks. Though, smart kitchen appliances are expensive but they offer a wide range of features and benefits to help a customer in their daily kitchen tasks. By using these appliances, customers can minimize their time in the kitchen and get better outputs along with saving energy.



The smart kitchen appliances market is witnessing a surge in demand due to the shift in living standards and rising interest of the consumers in smart & connected home appliances. In addition, the growing demand for energy-efficient appliances with user-friendly interfaces is expected to also contribute to the growth and demand for smart kitchen appliances in the market. There is increasing popularity of antimicrobial hardware like brasses, coppers, and bronze. The usage of copper-based materials can help in restricting the transmission of viruses and bacteria.



Customers are increasingly demanding the latest smart kitchen appliances due to their features like eco-friendly, energy-efficient, and customer-friendly interface. In addition, the increasing disposable income and rising purchasing power are enabling customers to spend more on these high-end smart kitchen appliances, thereby boosting the growth of the market.





COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has impacted various business verticals including the smart kitchen appliance market. During the initial phase of the pandemic, the sales smart kitchen appliances market has witnessed a decline due to the imposition of various regulations like complete or partial lockdown, travel ban, and the temporary shutdown of manufacturing units. However, at later stages, the smart kitchen appliances market has recorded a surge in demand because most of the people were doing work-from-home and thus, investing more time on making their kitchen smarter and better.



Market Growth Factors:

Growing penetration of smartphones and internet

In order to provide smart features to users, there is a need to connect the internet to Smart kitchen appliances. The advanced features and functionalities of these smart kitchen appliances need the support of an internet connection in order to work properly. In the past few years, internet connectivity was a challenge across different regions of the world that had hampered the demand for smart kitchen appliances. Though, the situation has significantly changed with the increasing penetration of the internet.



Benefits like cost-efficiency and communication capability are fueling its demand

Smart kitchen appliances are increasingly incorporating various advanced technologies, which are making them more popular across developed and developing nations. In addition, the cost-effectiveness of these smart kitchen appliances is attracting more customers towards its adoption and hence, surging the overall growth of the market. By using smart kitchen appliances, consumers can save fuel, which is expected to reduce the overall environmental impact.



Market Restraining Factor:

Increasing concerns regarding data privacy among customers

Smartphone and internet users are more prone to misuse that could happen in case personal details like name, home address, date of birth, email address, and credit card credentials are shared and viewed. In addition, smart appliances are majorly managed by the development of the company's smartphone applications, wherein consumer information is gathered by enterprises via these applications that is expected to further increase the apprehensions among customers related to the privacy of their data.



Product Outlook

Based on Product, the market is segmented into Smart Refrigerators, Smart Cookware and Cooktops, Smart Ovens, Smart Dishwashers, and Other Products. The smart refrigerators are among the most popular smart kitchen appliances that have amazing features. With these smart refrigerators, customers can look at things inside their refrigerators with their smartphones, which is possible due to technological advancements. In addition, these refrigerators also utilize the integrated touchscreen to modify the temperature, utilize the water dispenser, and many more.



Application Outlook

Based on Applications, the market is segmented into Residential and Commercial. The growing travel and tourism sector is creating interest among the customers for trying out different cuisines in cooking, which is expected to contribute to the growth of the smart kitchen appliances market over the forecast period. Several kitchen appliances like refrigerators and ovens could be managed remotely by utilizing voice-activated speakers and smartphone interfaces.





Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the market in 2020 by acquiring the highest market share. Factors such as the shifting consumer preferences, expanding the number of smart grid projects, and rising spending power of the customer are responsible for the growth of the regional market. The increasing government incentives for the usage of the energy-efficient appliance are also estimated to propel the growth of the regional market.





The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co. Ltd. is the forerunners in the Smart Kitchen Appliances Market. Companies such as Panasonic Corporation, LG Electronics, Koninklijke Philips N.V. are some of the key innovators in the market.



The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BSH Hausgeräte GmbH, Whirlpool Corporation, Miele & Cie. KG, LG Electronics, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Koninklijke Philips N.V., GE Appliances, a Haier Company, Electrolux AB, and Daewoo Electronics Corporation.



Recent Strategies Deployed in Smart Kitchen Appliances Market

Partnerships, Collaborations, and Agreements:

  • Aug-2021-Aug: GE Appliances, a Haier company came into a multi-year partnership with Google Cloud. This partnership aimed to develop innovative technologies to improve the consumer experience in the kitchen and in homes. In addition, both the companies is expected to work to develop the next generation of smart appliances with Google Cloud Vision AI and GEA is expected to benefit from Google Cloud’s effortless integration with other Google platforms and technologies like Android and Google Assistant.
  • Apr-2021: BSH Appliances North America entered into a partnership with Plum, a wine-appliance maker. This partnership aimed to develop next-generation kitchen appliances and explore potential smart appliances for the kitchen.
  • Sep-2020: Panasonic Consumer Electronics Company extended its partnership with SideChef, a leading culinary platform. This partnership aimed to make cooking at home easier and more enjoyable along with providing online grocery shopping, meal planning, and SideChef’s organize recipes with Panasonic’s kitchen appliance technology.
  • Feb-2020: Panasonic joined hands with Drop, the leading smart kitchen platform. This collaboration aimed to streamline the lives of home cooks using their appliances. In addition, the new and existing Panasonic microwave customers is expected to get the opportunity to rediscover the NN-GN68KS’s performance and value.

Product Launches and Product Expansions:

  • Sep-2021: Samsung Electronics launched BESPOKE Refrigerators. These refrigerators usher in a new era of personalized home appliances, which enable homeowners to express their unique style along with managing the flexibility and functionality they want.
  • Jul-2021: Panasonic Appliances India Company Limited, released Monster Super Mixer Grinder range. This range is equipped with a powerful 750Watt motor that ensures quick processing with a finer mixing & grinding experience.
  • Jun-2021: Whirlpool Corporation announced enhancements in its voice-command capabilities as a launch collaborator for Google Assistant voice notifications, which is the latest functionality accessible via Google’s intelligent personal assistant software. In addition, Whirlpool further expanded Google Assistant voice notifications support, other connected appliances like refrigerators, ovens, and microwave ovens that is expected to offer customers real-time, proactive alerts.
  • Feb-2021: LG Electronics USA expanded the number of LG premium refrigerator models with cubed, crushed, and LG’s exclusive, slow-melting Craft Ice. LG refrigerators with Craft Ice are the first to make slow-melting round ice automatically in the freezer, coupled with cubed and crushed in the door, for upscale drinks right at home.
  • Dec-2020: Samsung expanded its smart fridge portfolio in Australia with the launch of the 2-Door Family Hub. This latest 656-litre fridge comes in Matte Black, ships with the new Family Hub 5.0 software, and combine Bixby voice recognition so the smart assistant can identify the voices of various customers and give recommendations based on their preferences.
  • Sep-2020: Philips released a range of new home appliances. Through these appliances, customers is expected to continue to strengthen their domestic appliance business and strengthen their continued leadership in the global domestic appliance industry.
  • Jul-2020: Samsung expanded its Internet of Things (IoT) product portfolio in India by introducing a connected SpaceMax Family Hub Refrigerator, empowering life in the kitchen. The SpaceMax Family Hub Refrigerator offers various features, which automate meal planning, let the user see inside the refrigerator from anywhere, and connect them with other smart appliances at their home including smartphones.
  • Jun-2020: Panasonic unveiled the NN-CD87KS Home Chef 4-in-1 Countertop Multi-Oven. This over is developed for the busy lifestyles of culinary experts and novices alike, which is expected to offer four versatile functions: baking, airfrying, broiling, and traditional microwaving.

Scope of the Study

Market Segments Covered in the Report:


By Product


  • Smart Refrigerators
  • Smart Cookware and Cooktops
  • Smart Ovens
  • Smart Dishwashers,
  • Other Products

By Application


  • Residential
  • Commercial

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • BSH Hausgeräte GmbH
  • Whirlpool Corporation
  • Miele & Cie. KG
  • LG Electronics, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • GE Appliances, a Haier Company
  • Electrolux AB

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BSH Hausgeräte GmbH
  • Electrolux AB
  • Koninklijke Philips N.V.
  • LG Electronics, Inc.
  • Miele & Cie. KG
  • Panasonic Corporation

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smart Kitchen Appliances Market, by Product
1.4.2 Global Smart Kitchen Appliances Market, by Application
1.4.3 Global Smart Kitchen Appliances Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun - 2021, Jun) Leading Players
Chapter 4. Global Smart Kitchen Appliances Market by Product
4.1 Global Smart Refrigerators Market by Region
4.2 Global Smart Cookware and Cooktops Market by Region
4.3 Global Smart Ovens Market by Region
4.4 Global Smart Dishwashers Market by Region
4.5 Global Other Product Market by Region
Chapter 5. Global Smart Kitchen Appliances Market by Applications
5.1 Global Residential Market by Region
5.2 Global Commercial Market by Region
Chapter 6. Global Smart Kitchen Appliances Market by Region
6.1 North America Smart Kitchen Appliances Market
6.1.1 North America Smart Kitchen Appliances Market by Product
6.1.1.1 North America Smart Refrigerators Market by Country
6.1.1.2 North America Smart Cookware and Cooktops Market by Country
6.1.1.3 North America Smart Ovens Market by Country
6.1.1.4 North America Smart Dishwashers Market by Country
6.1.1.5 North America Other Product Market by Country
6.1.2 North America Smart Kitchen Appliances Market by Applications
6.1.2.1 North America Residential Market by Country
6.1.2.2 North America Commercial Market by Country
6.1.3 North America Smart Kitchen Appliances Market by Country
6.1.3.1 US Smart Kitchen Appliances Market
6.1.3.1.1 US Smart Kitchen Appliances Market by Product
6.1.3.1.2 US Smart Kitchen Appliances Market by Applications
6.1.3.2 Canada Smart Kitchen Appliances Market
6.1.3.2.1 Canada Smart Kitchen Appliances Market by Product
6.1.3.2.2 Canada Smart Kitchen Appliances Market by Applications
6.1.3.3 Mexico Smart Kitchen Appliances Market
6.1.3.3.1 Mexico Smart Kitchen Appliances Market by Product
6.1.3.3.2 Mexico Smart Kitchen Appliances Market by Applications
6.1.3.4 Rest of North America Smart Kitchen Appliances Market
6.1.3.4.1 Rest of North America Smart Kitchen Appliances Market by Product
6.1.3.4.2 Rest of North America Smart Kitchen Appliances Market by Applications
6.2 Europe Smart Kitchen Appliances Market
6.2.1 Europe Smart Kitchen Appliances Market by Product
6.2.1.1 Europe Smart Refrigerators Market by Country
6.2.1.2 Europe Smart Cookware and Cooktops Market by Country
6.2.1.3 Europe Smart Ovens Market by Country
6.2.1.4 Europe Smart Dishwashers Market by Country
6.2.1.5 Europe Other Product Market by Country
6.2.2 Europe Smart Kitchen Appliances Market by Applications
6.2.2.1 Europe Residential Market by Country
6.2.2.2 Europe Commercial Market by Country
6.2.3 Europe Smart Kitchen Appliances Market by Country
6.2.3.1 Germany Smart Kitchen Appliances Market
6.2.3.1.1 Germany Smart Kitchen Appliances Market by Product
6.2.3.1.2 Germany Smart Kitchen Appliances Market by Applications
6.2.3.2 UK Smart Kitchen Appliances Market
6.2.3.2.1 UK Smart Kitchen Appliances Market by Product
6.2.3.2.2 UK Smart Kitchen Appliances Market by Applications
6.2.3.3 France Smart Kitchen Appliances Market
6.2.3.3.1 France Smart Kitchen Appliances Market by Product
6.2.3.3.2 France Smart Kitchen Appliances Market by Applications
6.2.3.4 Russia Smart Kitchen Appliances Market
6.2.3.4.1 Russia Smart Kitchen Appliances Market by Product
6.2.3.4.2 Russia Smart Kitchen Appliances Market by Applications
6.2.3.5 Spain Smart Kitchen Appliances Market
6.2.3.5.1 Spain Smart Kitchen Appliances Market by Product
6.2.3.5.2 Spain Smart Kitchen Appliances Market by Applications
6.2.3.6 Italy Smart Kitchen Appliances Market
6.2.3.6.1 Italy Smart Kitchen Appliances Market by Product
6.2.3.6.2 Italy Smart Kitchen Appliances Market by Applications
6.2.3.7 Rest of Europe Smart Kitchen Appliances Market
6.2.3.7.1 Rest of Europe Smart Kitchen Appliances Market by Product
6.2.3.7.2 Rest of Europe Smart Kitchen Appliances Market by Applications
6.3 Asia Pacific Smart Kitchen Appliances Market
6.3.1 Asia Pacific Smart Kitchen Appliances Market by Product
6.3.1.1 Asia Pacific Smart Refrigerators Market by Country
6.3.1.2 Asia Pacific Smart Cookware and Cooktops Market by Country
6.3.1.3 Asia Pacific Smart Ovens Market by Country
6.3.1.4 Asia Pacific Smart Dishwashers Market by Country
6.3.1.5 Asia Pacific Other Product Market by Country
6.3.2 Asia Pacific Smart Kitchen Appliances Market by Applications
6.3.2.1 Asia Pacific Residential Market by Country
6.3.2.2 Asia Pacific Commercial Market by Country
6.3.3 Asia Pacific Smart Kitchen Appliances Market by Country
6.3.3.1 China Smart Kitchen Appliances Market
6.3.3.1.1 China Smart Kitchen Appliances Market by Product
6.3.3.1.2 China Smart Kitchen Appliances Market by Applications
6.3.3.2 Japan Smart Kitchen Appliances Market
6.3.3.2.1 Japan Smart Kitchen Appliances Market by Product
6.3.3.2.2 Japan Smart Kitchen Appliances Market by Applications
6.3.3.3 India Smart Kitchen Appliances Market
6.3.3.3.1 India Smart Kitchen Appliances Market by Product
6.3.3.3.2 India Smart Kitchen Appliances Market by Applications
6.3.3.4 South Korea Smart Kitchen Appliances Market
6.3.3.4.1 South Korea Smart Kitchen Appliances Market by Product
6.3.3.4.2 South Korea Smart Kitchen Appliances Market by Applications
6.3.3.5 Singapore Smart Kitchen Appliances Market
6.3.3.5.1 Singapore Smart Kitchen Appliances Market by Product
6.3.3.5.2 Singapore Smart Kitchen Appliances Market by Applications
6.3.3.6 Malaysia Smart Kitchen Appliances Market
6.3.3.6.1 Malaysia Smart Kitchen Appliances Market by Product
6.3.3.6.2 Malaysia Smart Kitchen Appliances Market by Applications
6.3.3.7 Rest of Asia Pacific Smart Kitchen Appliances Market
6.3.3.7.1 Rest of Asia Pacific Smart Kitchen Appliances Market by Product
6.3.3.7.2 Rest of Asia Pacific Smart Kitchen Appliances Market by Applications
6.4 LAMEA Smart Kitchen Appliances Market
6.4.1 LAMEA Smart Kitchen Appliances Market by Product
6.4.1.1 LAMEA Smart Refrigerators Market by Country
6.4.1.2 LAMEA Smart Cookware and Cooktops Market by Country
6.4.1.3 LAMEA Smart Ovens Market by Country
6.4.1.4 LAMEA Smart Dishwashers Market by Country
6.4.1.5 LAMEA Other Product Market by Country
6.4.2 LAMEA Smart Kitchen Appliances Market by Applications
6.4.2.1 LAMEA Residential Market by Country
6.4.2.2 LAMEA Commercial Market by Country
6.4.3 LAMEA Smart Kitchen Appliances Market by Country
6.4.3.1 Brazil Smart Kitchen Appliances Market
6.4.3.1.1 Brazil Smart Kitchen Appliances Market by Product
6.4.3.1.2 Brazil Smart Kitchen Appliances Market by Applications
6.4.3.2 Argentina Smart Kitchen Appliances Market
6.4.3.2.1 Argentina Smart Kitchen Appliances Market by Product
6.4.3.2.2 Argentina Smart Kitchen Appliances Market by Applications
6.4.3.3 UAE Smart Kitchen Appliances Market
6.4.3.3.1 UAE Smart Kitchen Appliances Market by Product
6.4.3.3.2 UAE Smart Kitchen Appliances Market by Applications
6.4.3.4 Saudi Arabia Smart Kitchen Appliances Market
6.4.3.4.1 Saudi Arabia Smart Kitchen Appliances Market by Product
6.4.3.4.2 Saudi Arabia Smart Kitchen Appliances Market by Applications
6.4.3.5 South Africa Smart Kitchen Appliances Market
6.4.3.5.1 South Africa Smart Kitchen Appliances Market by Product
6.4.3.5.2 South Africa Smart Kitchen Appliances Market by Applications
6.4.3.6 Nigeria Smart Kitchen Appliances Market
6.4.3.6.1 Nigeria Smart Kitchen Appliances Market by Product
6.4.3.6.2 Nigeria Smart Kitchen Appliances Market by Applications
6.4.3.7 Rest of LAMEA Smart Kitchen Appliances Market
6.4.3.7.1 Rest of LAMEA Smart Kitchen Appliances Market by Product
6.4.3.7.2 Rest of LAMEA Smart Kitchen Appliances Market by Applications
Chapter 7. Company Profiles
7.1 BSH Hausgeräte GmbH (Robert Bosch Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.2 Whirlpool Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 Miele & Cie. KG
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Product Launches and Product Expansions:
7.4 LG Electronics, Inc. (LG Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent Strategies and Developments:
7.4.5.1 Partnerships, Collaborations and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.5 Samsung Electronics Co., Ltd. (Samsung Group)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent Strategies and Developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Panasonic Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.6 SWOT Analysis
7.7 Koninklijke Philips N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 GE Appliances, a Haier Company
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 Electrolux AB
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.9.2.3 Acquisition and Mergers:
7.10. Daewoo Electronics Corporation
7.10.1 Company Overview
Note: Product cover images may vary from those shown
  • BSH Hausgeräte GmbH
  • Whirlpool Corporation
  • Miele & Cie. KG
  • LG Electronics, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • GE Appliances, a Haier Company
  • Electrolux AB
Note: Product cover images may vary from those shown

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