The global Smart Kitchen Appliances Market was valued at USD 7.8 Billion in 2022 and is expected to witness an impressive growth trajectory, with projections to reach USD 56 Billion by 2031. This represents a robust compound annual growth rate (CAGR) of 18.4% during the forecast period of 2023–2031, according to Straits Research.
As technology continues to permeate various aspects of daily life, the demand for smart kitchen solutions is escalating. These intelligent appliances, which integrate advanced technologies such as IoT, voice assistants, and AI, are revolutionizing kitchens around the world, offering convenience, energy efficiency, and improved cooking experiences.
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Market Segmentation
Smart refrigerators, smart cookware and cooktops, smart dishwashers, smart ovens, and other appliances make up the two segments of the global smart kitchen appliances market based on product type. The market for smart refrigerators is the largest in the world and is expected to grow at a compound annual growth rate (CAGR) of 17.4% over the forecast period. With the growing use of smart cities and smart infrastructure, smart refrigerators are becoming more prevalent.
By Product Type (2019-2031)
- Smart Refrigerators
- Smart Cookware and Cooktops
- Smart Dishwashers
- Smart Ovens
- Other Appliances
The worldwide market for smart kitchen appliances is divided into residential and commercial segments based on application. With the largest market share, the residential category is predicted to grow at a CAGR of 19.3% throughout the course of the projection period. Technology is significantly altering how customers use their home kitchens. People can do more work and make better use of their time with these smart kitchen products.
By Applications (2019-2031)
- Residential
- Commercial
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Key Players in the Smart Kitchen Appliances Market
- Whirlpool Corporation
- LG Electronics
- Electrolux AB
- Koninklijke Philips N.V.
- Dongbu Daewoo Electronics
- Miele & Cie. KG
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- BSH Hausgeräte GmbH
- Haier Group
Conclusion: Why Straits Research?
Straits Research is at the forefront of providing comprehensive and data-driven market research reports. With a team of expert analysts, Straits Research offers deep insights into the global Smart Kitchen Appliances Market, helping businesses navigate the evolving landscape of this dynamic industry. Our reports are designed to provide businesses with the critical information they need to make informed decisions, identify growth opportunities, and stay ahead of the competition.
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