Global Smart Kitchen Appliances Market

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Global Smart Kitchen Appliances Market to reach
USD 37,889.1 million in 2026 at a CAGR of 13.0
during the forecast "The rising purchasing power
of consumers and increasing advancements in the
kitchen appliances industry are expected to
drive the growth of the global smart kitchen
appliances market." Smart kitchen appliances use
advanced technology to make operations more
efficient and comfortable as compared to
traditional appliances. Smart kitchen appliances
are integrated with sensors and are designed
with advanced connectivity features. So, they can
be connected to portable devices such as
smartphones. One of the major factors to drive
the growth of the market is increasing
advancements in the kitchen appliances
industry. The global Smart Kitchen Appliances
market was valued at USD 14,287.9 million in 2018
and is expected to reach USD 37,889.1 million by
2026, growing at a CAGR of 13.0 during the
forecast period. Get Free Sample Report with
Tables and Figures_ https//www.alltheresearch.com
/sample-request/254 Smart kitchen appliances
are kitchen accessories that are designed to
provide comfort and efficiency in various
operations in the kitchen. These appliances offer
several benefits including enhanced safety,
efficient cooking operations, waste reduction,
and cost and energy savings as compared to
traditional kitchen appliances. The growth of the
smart kitchen appliances market is primarily
driven by the increase in disposable income,
changing lifestyles in developing countries, and
increasing the adoption of luxurious goods,
which have favourably impacted market demand.
Further, an increase in government initiatives
for implementing energy-efficient devices is
bolstering the demand for kitchen appliances.
However, the market growth is expected to be
hindered by a lack of awareness about smart
kitchen appliances and the high initial and
maintenance costs of these appliances. Based on
product type, smart refrigerators to dominate the
market throughout the forecast period Based on
the product type, the smart kitchen appliances
market has been segmented into smart
refrigerators, smart dishwashers, smart ovens,
smart cookware and cooktops, and others. The
other segment includes smart scales and
thermometers. Smart refrigerators are the first
generation of smart kitchen appliances. The smart
refrigerator segment accounted for a nearly
40.4 share in the year 2018. Further, the
increasing focus on the development of new smart
refrigerators with the latest voice assistant
technology is one of the key factors that is
expected to boost demand for smart
refrigerators. Based on connectivity, the Wi-Fi
segment is expected to grow at a CAGR of around
13.9 during the forecast period
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• Based on connectivity, the market has been
  segmented into Wi-Fi, Bluetooth, and others. The
  other segment includes the ZigBee, Sensor, and
  NFC. The Wi-Fi segment accounts for the largest
  share in the market and is expected to grow at a
  CAGR of around 13.9 during the forecast period.
  Developments and increasing penetration of
  internet infrastructure are boosting the Wi-Fi
  technology for the smart kitchen appliances
  market.
• The increasing adoption of Wi-Fi technology due
  to its affordability and enhanced kitchen
  operation is driving the demand for Wi-Fi-based
  smart kitchen appliances. These technologies
  provide users with more modern convenience and
  more upgraded features and benefits, by
  combining advanced technology with flexible
  functionality. Further, the deployment of
  Wi-Fi-based appliances also helps in saving
  energy and reducing utility bills.
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• Key Findings
• Based on product type, smart dishwashers and
  smart refrigerators dominated the market in the
  year 2018, with a more than 59.3 share in the
  market.
• Based on connectivity, in 2018, the Wi-Fi segment
  dominated the market with a more than 48.1
  share in the market.
• Based on the distribution channel, offline
  retailing dominated the market in the year 2018
  with a more than 63.3 share in the market.
• Based on applications, in 2018, the commercial
  application segment dominated the market with a
  more than a 54.6 share.
• In the year 2018, North America accounted for
  more than 38.0 share in the market.
• Recent News
• In September 2018, Samsung launched a
  Wi-Fi-enabled refrigerator that can operate
  through smartphones and give user-friendly
  experience to receive, as well as make phone
  calls.
• In April 2019, Whirlpool launched a new
  touchscreen cooktop, which allows the recipe and
  boiling pot to be placed alongside. The
  touchscreen cooktop has an
• android social interface that can display twitter
  and Facebook updates, recipes, weather, news,
  and other information pulled in from a tablet or
  smartphone.

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