$43 bN Smart Kitchen Appliance Market to 2027 - Global Analysis and Forecasts by Product; Connectivity Technology; End User - ResearchAndMarkets.com

The "Smart Kitchen Appliance Market to 2027 - Global Analysis and Forecasts by Product; Connectivity Technology; End User" report has been added to ResearchAndMarkets.com's offering.

The global smart kitchen appliance market volume is expected to grow at a CAGR of 17.2% during the forecast period. In terms of revenue, the global smart kitchen appliance market accounted to US$ 13.6 Bn in 2018 and is expected to grow at a CAGR of 14.7% during the forecast period 2019 - 2027, to account to US$ 43.4 Bn by 2027.

The connected home devices industry has witnessed significant growth across the globe in the current scenario, and the same is expected to be adopted in large quantities in the coming years. Several manufacturers of electronics and electrical equipment are increasingly emphasizing on the development of smart kitchen appliances to benefit their customers with advanced technologies. Moreover, rising disposable income of middle-class societies in both developed and developing countries is influencing the residential end users to adopt newer technologies such as intelligent kitchen appliances, which is paving the growth path for smart kitchen appliance market.

Establishment of startups and tier2 companies are gaining immense prominence through partnering with kitchen appliance manufacturing leaders worldwide. The partnerships are aiding the growth of smart kitchen appliance market in the current scenario. These increasing number of startups and partnership trends are anticipated to grow in the coming years, thereby, resulting in a low entry barrier to the market.

In terms of revenue, Asia Pacific is anticipated to grow with the highest CAGR during the forecast period in the global smart kitchen appliance market majorly due to industrial growth in the region. In addition to high growth of smart kitchen appliances in APAC region, rapid urbanization, emerging economies, rising small living spaces, and escalating middle-class level are some of the other factors strengthening entire smart kitchen appliance market. Whereas, Europe holds a significant share in the smart kitchen appliance market, followed by North America and the Asia Pacific.

In context to volume, the smart kitchen appliance market by connectivity technology is segmented into Wi-Fi and Bluetooth technologies. The significant adoption of Wi-Fi enabled smart kitchen appliances among residential and commercial end users is catalyzing the growth of the segment. The advancements in internet infrastructures is also propelling the Wi-Fi technology for smart kitchen appliance market.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Smart Kitchen Appliance Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 PEST Analysis

4.4 Expert Opinion

4.5 Premium Insights

4.5.1 Comparative Analysis - Percentage of Smart Kitchen Appliances vs Non-connected Smart Kitchen Appliance

4.5.2 Competitive Landscape

5. Smart Kitchen Appliances Market - Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Cost Effectiveness and Communication Ability of Smart Kitchen Appliances is Stimulating the Demand

5.1.2 Growing Internet Penetration is Benefiting the Smart Kitchen Appliances Manufacturers to Boost their Sales Statistics

5.2 Key Market Restraints

5.2.1 Vulnerability to Cyber Crimes and Higher Upfront Cost

5.3 Key Market Opportunities

5.3.1 Substantial Growth in Smart Home and Smart Hotel Projects

5.4 Future Trends

5.4.1 Mergers and Partnerships is Anticipated to Accentuate the Revenue Generation Stream of Smart Kitchen Appliance Manufacturers

5.5 Impact Analysis of Drivers and restraints

6. Smart Kitchen Appliance - Global Market Analysis

6.1 Global Smart Kitchen Appliance Market Overview

6.2 Global Smart Kitchen Appliance Market Revenue Forecast and Analysis

6.3 Global Smart Kitchen Appliance Market Volume Forecast and Analysis

6.4 Market Positioning - Global Top 5 Players Ranking

7. Global Smart Kitchen Appliance Market Analysis - By Product

7.1 Overview

7.2 Global Smart Kitchen Appliance Market Revenue Breakdown, By Product, 2018 & 2027

7.3 Global Smart Kitchen Appliance Market Volume Breakdown, By Product, 2018 & 2027

7.4 Smart Ovens market

7.4.1 Overview

7.4.2 Global Smart Ovens Market Revenue and Volume Forecasts to 2027 (US$ Mn)

7.4.3 Connected Wall Ovens

7.4.4 Countertop Ovens

7.5 Smart Refirgerator Market

7.6 Smart Sous Vide market

7.7 Smart Juicers & Blenders Market

7.8 Smart Cookers & Cooking Robots Market

7.9 Smart Cooktops Market

7.9.3 Built-in Cooktops

7.9.3.1 Overview

7.9.3.2 Global Built-in Cooktops Market Revenue and Volume Forecasts to 2027 (US$ Mn)

7.9.4 Countertop Induction Cooktops

7.10 Smart Integrated Ovens & Cooktops Market

7.11 Others Market

8. Global Smart Kitchen Appliances Market Analysis - By Connectivity Technology

8.1 Overview

8.2 Global Smart Kitchen Appliances Market Revenue Breakdown, By Connectivity Technology, 2018 & 2027

8.3 Global Smart Kitchen Appliances Market Volume Breakdown, By Connectivity Technology, 2018 & 2027

8.4 Wi-Fi

8.5 Bluetooth

9. Smart Kitchen Appliance Market Revenue And Forecasts To 2027 - End User

9.1 Overview

9.2 Smart Kitchen Appliance Market Revenue and Volume Breakdown, By End User, 2018 & 2027

9.3 Commercial

9.4 Residential

10. Smart Kitchen Appliance Market - Geographical Analysis

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Smart Kitchen Appliances Market - Key Company Profiles

• AB Electrolux
• Breville Group Limited
• BSH Home Appliances Group
• GE Appliances (A Haier company)
• Joules Limited
• LG Electronics
• Panasonic Corporation
• Samsung
• Vita-Mix Corporation
• Whirlpool Corporation

For more information about this report visit https://www.researchandmarkets.com/r/a0gs6f

View source version on businesswire.com: https://www.businesswire.com/news/home/20190920005184/en/