Smart Kitchen Appliances Market Overview

The report is titled ‘Smart Kitchen Appliances Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart kitchen appliances market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Smart kitchen appliances market is expected to grow with significant rate in the near future.

The global smart kitchen appliances market in 2020 is estimated for more than US$ 17.5 Bn and expected to reach a value of US$ 51.2 Bn by 2028 with a significant CAGR of 14.4%.

Smart Kitchen Appliances Market Definition

The concept of smart kitchen appliances was launched in the market to ease the working environment and improve the efficiency of traditional kitchen appliances. The technical advancements in technology have also modified the picture of traditional kitchens.

The modern kitchen appliances are not facilitated with automatic switches, speech recognition Technology coupled with Wi-Fi enabled technology that makes it easier for the user to operate these appliances without any manual efforts. These smart appliances account for an innovative range of cooktop, dishwashers, freezers, refrigerators, cooker, and other electrical kitchen appliances.

Smart Kitchen Appliances Market Dynamics

The advancements and innovations in technology, the growing prevalence of wireless solutions an the increasing number of working professionals across the globe are the prime factors responsible for driving the growth of the smart kitchen appliances market.

In addition, the man to machine communication coupled with large-scale digitalization and racing adoption of smart homes is further elevating the demand for search user-friendly and smart appliances. Moreover, supportive government policies and funding for IoT startups and energy efficiency of smart kitchen appliances are also propelling the growth of this market. However, privacy concerns and the high maintenance cost of these appliances may hinder the growth of this market.

The global smart kitchen appliances market is expected to increase at a significant CAGR over the forecast period owing to the changing lifestyles and preferences of the users, the emergence of innovative and unique products, and diversity in IoT standards. Increasing energy prices, numerous IoT benefits, and increasing per capita income of professionals in developing regions are also fuelling the growth of this market.

Smart Kitchen Appliances Market Key Players

The global smart kitchen appliances market is mainly dominated by Dacor, Electrolux AB, General Electric Co., Koninklijke Philips N.V., LG Electronics Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Samsung Electronics Co. Ltd., and Whirlpool Corporation.

Smart Kitchen Appliances Market Segmentation

The global smart kitchen appliances market is segmented on the basis of type, technology, end-user, and region.

On the basis of type, the global smart kitchen appliances market can be segmented into the smart coffee maker, smart cooker, smart cooktop, smart dishwasher, smart freezer, smart kettle, smart oven, smart refrigerator, and others.

On the basis of technology, the global smart kitchen appliances market can be segmented into Bluetooth, near field communication, and Wi-Fi. On the basis Of end users, the global smart kitchen appliances market can be segmented into commercial and residential.

Smart Kitchen Appliances Market Regional Segmentation Overview

On the basis of region, the global smart kitchen appliances market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America smart kitchen appliances market is expected to be the most dominating market throughout the forecast period.

Increasing adoption of renewable sources of energy, growing economy, and the growing number of smart grid power projects is also boosting the growth of smart kitchen appliances. However, lack of awareness about smart kitchen appliances, privacy concerns, and the high initial cost of such smart machines hinder the growth of this market.

MMC Overview on Smart Kitchen Appliances Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Smart Kitchen Appliances market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Smart Kitchen Appliances

•    Advantages of Smart Kitchen Appliances

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Smart Kitchen Appliances Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Smart Kitchen Appliances Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Smart Kitchen Appliances Market Snapshot

2.4.    Global Smart Kitchen Appliances Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Smart Kitchen Appliances Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Smart Kitchen Appliances Market, By Type

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Type

3.1.2.    BPS Analysis, By Type

3.2.    Market Revenue (US$Mn) Forecast, By Type

3.2.1.    Smart Coffee Maker

3.2.2.    Smart Cooker

3.2.3.    Smart Cooktop

3.2.4.    Smart Dish Washer

3.2.5.    Smart Freezer

3.2.6.    Smart Kettle

3.2.7.    Smart Oven

3.2.8.    Smart Refrigerator

3.2.9.    Others

3.3.    Global Smart Kitchen Appliances Market Attractiveness Index, By Type

4.    Global Smart Kitchen Appliances Market, By Technology

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Technology

4.1.2.    BPS Analysis, By Technology

4.2.    Market Revenue (US$Mn)  Forecast, By Technology

4.2.1.    Bluetooth

4.2.2.    Near Field Communication

4.2.3.    Wi-Fi

4.3.    Global Smart Kitchen Appliances Market Attractiveness Index, By Technology

5.    Global Smart Kitchen Appliances Market, By End User

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By End User

5.1.2.    BPS Analysis, By End User

5.2.    Market Revenue (US$Mn)  Forecast, By End User

5.2.1.    Commercial

5.2.2.    Residential

5.3.    Global Smart Kitchen Appliances Market Attractiveness Index, By End User

6.    Global Smart Kitchen Appliances Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn)  Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East 

6.2.6.    Africa

6.3.    Global Smart Kitchen Appliances Market Attractiveness Index, By Region

7.    North America Smart Kitchen Appliances Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) Forecast, By Country

7.2.1.    U.S. Smart Kitchen Appliances Market

7.2.2.    Canada Smart Kitchen Appliances Market

7.3.    North America Smart Kitchen Appliances Market, By Type

7.3.1.    Smart Coffee Maker

7.3.2.    Smart Cooker

7.3.3.    Smart Cooktop

7.3.4.    Smart Dish Washer

7.3.5.    Smart Freezer

7.3.6.    Smart Kettle

7.3.7.    Smart Oven

7.3.8.    Smart Refrigerator

7.3.9.    Others

7.4.    North America Smart Kitchen Appliances Market, By Technology

7.4.1.    Bluetooth

7.4.2.    Near Field Communication

7.4.3.    Wi-Fi

7.5.    North America Smart Kitchen Appliances Market, By End User

7.5.1.    Commercial

7.5.2.    Residential

7.6.    North America Smart Kitchen Appliances Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Type

7.6.3.    By Technology

7.6.4.    By End User

8.    Latin America Smart Kitchen Appliances Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    Brazil Smart Kitchen Appliances Market

8.2.2.    Mexico Smart Kitchen Appliances Market

8.2.3.    Argentina Smart Kitchen Appliances Market

8.2.4.    Rest Of Latin America Smart Kitchen Appliances Market

8.3.    Latin America Smart Kitchen Appliances Market, By Type

8.3.1.    Smart Coffee Maker

8.3.2.    Smart Cooker

8.3.3.    Smart Cooktop

8.3.4.    Smart Dish Washer

8.3.5.    Smart Freezer

8.3.6.    Smart Kettle

8.3.7.    Smart Oven

8.3.8.    Smart Refrigerator

8.3.9.    Others

8.4.    Latin America Smart Kitchen Appliances Market, By Technology

8.4.1.    Bluetooth

8.4.2.    Near Field Communication

8.4.3.    Wi-Fi

8.5.    Latin America Smart Kitchen Appliances Market, By End User

8.5.1.    Commercial

8.5.2.    Residential

8.6.    Latin America Smart Kitchen Appliances Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Type

8.6.3.    By Technology

8.6.4.    By End User

9.    Europe Smart Kitchen Appliances Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    U.K. Smart Kitchen Appliances Market

9.2.2.    Germany Smart Kitchen Appliances Market

9.2.3.    Italy Smart Kitchen Appliances Market

9.2.4.    France Smart Kitchen Appliances Market

9.2.5.    Spain Smart Kitchen Appliances Market

9.2.6.    Russia Smart Kitchen Appliances Market

9.2.7.    Poland Smart Kitchen Appliances Market

9.2.8.    BENELUX Smart Kitchen Appliances Market

9.2.9.    NORDIC Smart Kitchen Appliances Market

9.2.10.    Rest Of Europe Smart Kitchen Appliances Market

9.3.    Europe Smart Kitchen Appliances Market, By Type

9.3.1.    Smart Coffee Maker

9.3.2.    Smart Cooker

9.3.3.    Smart Cooktop

9.3.4.    Smart Dish Washer

9.3.5.    Smart Freezer

9.3.6.    Smart Kettle

9.3.7.    Smart Oven

9.3.8.    Smart Refrigerator

9.3.9.    Others

9.4.    Europe Smart Kitchen Appliances Market, By Technology

9.4.1.    Bluetooth

9.4.2.    Near Field Communication

9.4.3.    Wi-Fi

9.5.    Europe Smart Kitchen Appliances Market, By End User

9.5.1.    Commercial

9.5.2.    Residential

9.6.    Europe Smart Kitchen Appliances Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Type

9.6.3.    By Technology

9.6.4.    By End User

10.    Asia Pacific Smart Kitchen Appliances Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    China Smart Kitchen Appliances Market

10.2.2.    India Smart Kitchen Appliances Market

10.2.3.    Japan Smart Kitchen Appliances Market

10.2.4.    Australia And New Zealand Smart Kitchen Appliances Market

10.2.5.    South Korea Smart Kitchen Appliances Market

10.2.6.    ASEAN Smart Kitchen Appliances Market

10.2.7.    Rest Of Asia Pacific Smart Kitchen Appliances Market

10.3.    Asia Pacific Smart Kitchen Appliances Market, By Type

10.3.1.    Smart Coffee Maker

10.3.2.    Smart Cooker

10.3.3.    Smart Cooktop

10.3.4.    Smart Dish Washer

10.3.5.    Smart Freezer

10.3.6.    Smart Kettle

10.3.7.    Smart Oven

10.3.8.    Smart Refrigerator

10.3.9.    Others

10.4.    Asia Pacific Smart Kitchen Appliances Market, By Technology

10.4.1.    Bluetooth

10.4.2.    Near Field Communication

10.4.3.    Wi-Fi

10.5.    Asia Pacific Smart Kitchen Appliances Market, By End User

10.5.1.    Commercial

10.5.2.    Residential

10.6.    Asia Pacific Smart Kitchen Appliances Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Type

10.6.3.    By Technology

10.6.4.    By End User

11.    Middle East Smart Kitchen Appliances Market, By Region

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    GCC Countries Smart Kitchen Appliances Market

11.2.2.    Israel Smart Kitchen Appliances Market

11.2.3.    Oman Smart Kitchen Appliances Market

11.2.4.    Rest Of Middle East Smart Kitchen Appliances Market

11.3.    Middle East Smart Kitchen Appliances Market, By Type

11.3.1.    Smart Coffee Maker

11.3.2.    Smart Cooker

11.3.3.    Smart Cooktop

11.3.4.    Smart Dish Washer

11.3.5.    Smart Freezer

11.3.6.    Smart Kettle

11.3.7.    Smart Oven

11.3.8.    Smart Refrigerator

11.3.9.    Others

11.4.    Middle East Smart Kitchen Appliances Market, By Technology

11.4.1.    Bluetooth

11.4.2.    Near Field Communication

11.4.3.    Wi-Fi

11.5.    Middle East Smart Kitchen Appliances Market, By End User

11.5.1.    Commercial

11.5.2.    Residential

11.6.    Middle East Smart Kitchen Appliances Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Type

11.6.3.    By Technology

11.6.4.    By End User

12.    Africa Smart Kitchen Appliances Market, By Region

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    South Africa Smart Kitchen Appliances Market

12.2.2.    Egypt Smart Kitchen Appliances Market

12.2.3.    North Africa Smart Kitchen Appliances Market

12.2.4.    Rest Of Africa Smart Kitchen Appliances Market

12.3.    Africa Smart Kitchen Appliances Market, By Type

12.3.1.    Smart Coffee Maker

12.3.2.    Smart Cooker

12.3.3.    Smart Cooktop

12.3.4.    Smart Dish Washer

12.3.5.    Smart Freezer

12.3.6.    Smart Kettle

12.3.7.    Smart Oven

12.3.8.    Smart Refrigerator

12.3.9.    Others

12.4.    Africa Smart Kitchen Appliances Market, By Technology

12.4.1.    Bluetooth

12.4.2.    Near Field Communication

12.4.3.    Wi-Fi

12.5.    Africa Smart Kitchen Appliances Market, By End User

12.5.1.    Commercial

12.5.2.    Residential

12.6.    Africa Smart Kitchen Appliances Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Type

12.6.3.    By Technology

12.6.4.    By End User

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Dacor

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Electrolux AB

14.3.3.    General Electric Co.

14.3.4.    Koninklijke Philips N.V.

14.3.5.    LG Electronics Inc.

14.3.6.    Panasonic Corporation

14.3.7.    Qingdao Haier Co. Ltd.

14.3.8.    Samsung Electronics Co. Ltd.

14.3.9.    Whirlpool Corporation

15.    Acronyms