In-Depth Analysis of Smart Kitchen Appliances Market by Future Outlook, Trends, Future Growth and Opportunities 2020-2028

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Smart kitchen appliances market size – USD 110.56 billion in 2020, market growth – at a CAGR of 18.7%

VANCOUER, BC, CANADA, February 21, 2022 /EINPresswire.com/ — The smart kitchen appliances market reached a market size of USD 110.56 billion in 2020 and is expected to register a double-digit CAGR during the forecast period, according to a recent analysis by Emergen Research. The revenue growth of the smart kitchen appliances market is largely driven by the rapid advancements in the areas of AI and IoT. Major advancements in AI technologies and machine learning have resulted in the development and launch of a range of smart products that save consumers time and effort in food preparation, content tracking and products in the kitchen, refrigerators and others.

The global smart kitchen appliances market is expected to witness further advancements owing to the growing demand for home automation in both developed and developing countries. Global kitchen and appliance manufacturers are collaborating to enhance product offerings and improve user experience with more advanced technologies in products. Rising disposable income, increased awareness of available technologies, and availability of beneficial purchasing options and programs on these devices are some of the key factors driving the growth of the market.

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The Global Smart Kitchen Appliances Market is formulated by extensive primary and secondary research and verified by industry experts and professionals. Data is well represented by charts, graphs, tables, figures and other pictorial presentations. The report also provides details about the current pandemic outbreak, increasing prevalence of various diseases, research and development activities, investments

The smart kitchen appliances market is mostly fragmented, with a large number of companies as well as some medium-sized companies and start-ups accounting for a significant share of global market revenue.

Some major companies operating in the global market include Cellworks Group Inc., Certara USA Inc., Simulation Plus Inc., Schrodinger Inc., In Silico Biosciences Inc., Genedata AG, Physiomics plc, Insilico Biotechology AG, Chemical Computing Group ULC (CCG ), and Evidera Inc.

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Analyze sales and distribution channels in key geographies to improve turnover revenue.

Assess the supply and demand gaps, import-export statistics and regulatory landscape of more than the world’s top 20 countries for sensor development advice

Assess the market potential by analyzing country-level growth rate (CAGR%), volume (units) and value ($M) data – for product types, end-use applications and by different industry verticals

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The report comprehensively studies the highly competitive environment of the Smart Kitchen Appliances market and highlights the strategic initiatives undertaken by each market player, such as partnerships & collaborations, mergers & acquisitions, joint ventures, new product launches and agreements with governments and companies, to strengthen their presence in the market

Main highlights of the report:

In February 2017, Whirlpool acquired Yummly, which is one of the largest food and recipe sites on the internet to bolster its smart kitchen strategy.

The Guided Cooking feature will allow Whirlpool Smart Kitchen users to send a recipe directly to Wi-Fi connected kitchen appliances, such as an oven.

In 2018, LG launched the ThinQ smartphone app, which allows users to control their devices with Google Assistant or Amazon Alexa. Likewise, Samsung showcased its wide range of smart kitchen appliances, including the AI-enhanced refrigerator that provides meal planning and recipe suggestions based on user needs.

The incorporation and use of IoT and Wi-Fi in an increasing number of kitchen appliances and appliances has changed the overall look of the kitchen.

Emergen Research has segmented the global smart kitchen appliances market into:

Smart Kitchen Appliances Market Product (Revenue, USD Billion; Volume: Thousand Units; 2020-2028)
Smart refrigerators
Smart cookware and cooktops
Smart dishwashers
Smart Thermostats
Smart coffee makers
Other devices

Smart Kitchen Appliances Market Technology Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021-2028)
Wireless
Bluetooth
RFID
Others

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Smart Kitchen Appliances Market Sales Channel Outlook (Revenue, USD Billion; Volume: Thousand Units; 2021-2028)
In line
Offline

The full regional analysis covers the following regions:

North America (United States, Canada, Mexico)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Contents:

Chapter 1: This section analyzes the global Smart Kitchen Appliances market introduction, product offerings, scope, growth opportunity, market risks, and key driving forces.

Chapter 2: This chapter provides a detailed study of major manufacturers of Smart Kitchen Appliances market, with sales and revenue estimates.

Chapter 3: This describes the competitive scenario, with details of major manufacturers and suppliers.

Chapter 4: This section studies the global Smart Kitchen Appliances market based on regions.

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Emerging research
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