Smart kitchen appliances are a type of device that can perform better and effectively with the integration of technology. These intelligent appliances help reduce energy consumption, make it comfortable to use, and save time compared with the traditional kitchen appliances. The smart kitchen appliances are controlled by smartphones, tablets, and other smart gadgets, and improves cooking time, reduce wastage, and save energy as well.
The global smart kitchen appliances market expected to increase market value by USD 20.6 billion with exponential CAGR in the forecast period from 2020-2027. The market demand for smart kitchen appliances is fueling due to the increasing disposable income of the consumer, raising awareness for energy-saving operations, and technology advancement is contributing to market growth.
Smart devices’ invention makes people’s kitchen activities more convenient and continues to improve their lives by saving time and energy. Besides, intelligent kitchen appliances, such as smart refrigerators, smart microwave ovens, deep sinks, and other smart devices, can track their power and reduce waste.
Internet accessibility has become the standard for many applications, and it is now essential to access technology as part of various business, manufacturing, and consumer products. IoT device functionality is the core of connected devices in the kitchen device segment, enabling consumers to monitor access, and control devices through mobile applications.
Moreover, the integration or connection of smart kitchen appliances and Wi-Fi is currently the most common mode. This trend is expected to maintain a dominant position in the market during the forecast period. The ability to connect kitchen appliances with smart home appliances (such as voice-enabled products) requires the integration of wireless communication technologies such as Bluetooth. Many global intelligent kitchen appliance manufacturers are integrating various communication functions for upcoming products.
Furthermore, investing in smart home appliances means that users can save electricity bills for many years. The use of intelligent kitchen appliances expected to revolutionize the cooking industry. From energy consumption to cooking experience, the cost has reduced due to the installation of smart technology.
With the continuous development and progress of science and technology and the increasing income level of residents, people began to pay attention to the improvement of the quality of living standards. Clothes, food, housing, and transportation are the basic needs in life. The kitchen for cooking food has also become an essential core of the home. The kitchen building slowly extends from the traditional independent space to the dining room and living room. It has gradually become people’s second living room.
The concept of intelligence already penetrated the hearts of the people, and information has become an inevitable trend in the development of the kitchen appliance industry. With the improvement of people’s living standards and the change of consumer philosophy, people have a deeper level of understanding and understanding of the needs of home appliances, which is no longer limited to use as simple but also pays attention to the improvement of the quality of home appliances.
Based on the Product type, the global smart kitchen appliances market segmented into Smart Ovens, Smart Dishwashers, Smart Refrigerators, Smart Cookware and Cooktops, Smart Scale and Thermometers, Other. The smart refrigerators segment estimated to dominate the maximum share of the global intelligent kitchen appliances market. It mainly owes to the smart features embedded in smart refrigerators that provide screen displays; Wi-Fi controlling is gaining popularity among the consumers. Moreover, with emerging technology, the use of IoT enabled appliances are penetrating with smart kitchens. Thus, fueling the market share for the global smart kitchen appliances market.
Based on the application, the global smart kitchen appliances market classified into Residential Applications, Commercial Applications. The commercial applications segment dominated the largest market share in the global smart kitchen appliances market. The commercial sector, composed of small restaurants, high-end restaurants, and cafes, is gradually accelerating the use of small smart kitchen appliances, especially intelligent coffee machines. Global smart kitchen appliance manufacturers are working with commercial organizations to increase their product applications and increase the popularity of smart kitchen appliances.
Based on the distribution channel, the global smart kitchen appliances market segmented into Offline Retail Stores, Commercial Retail Stores. The offline distribution channel contributes the largest share in the global smart kitchen appliances. Offline distribution channels include retail stores and high-end experience centers, introducing intelligent kitchen appliances to potential customers, and expected to create the highest revenue-generating growth in the next few years.
Based on geography, the global smart kitchen appliances market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the world’s fastest-growing global smart kitchen appliances market, accounting for the largest share. It is mainly due to an emerging disposable income of the consumer, changing lifestyle of the people, emerging investing in modern kitchen appliances, and technology integration with kitchen appliances are propelling market share in North America.
Companies such as Whirlpool Corporation, LG Electronics, AB Electrolux, Samsung Electronics Co. Ltd, Haier Group, Panasonic Corporation, BSH Hausgerate GmbH, Koninklijke Phillips N.V., Miele others are key players in the global smart kitchen appliances market.
By Product Type
By Distribution Channel