The Worldwide Smart Kitchen Appliances Market is Projected to reach USD 33.3 Billion by 2027, at a CAGR of 17.3%

Smart Kitchen Appliances Market Growth, Trends and Report Highlights

According to a new report Global Smart Kitchen Appliances Market, published by KBV research, The Global Smart Kitchen Appliances Market size is expected to reach $33.3 billion by 2027, rising at a market growth of 17.3% CAGR during the forecast period.

Smart refrigerators accounted for the largest share of the smart kitchen appliances market in 2020. The growth of the market would witness bright prospects due to the high spending of the customers on home refurbishment in the residential sector and emerging cook-at-home trend are projected to spur the growth of the market. The smart home idea is gaining traction among the customers, which is shifting the preference of the customers on smart kitchen appliances, thereby unlocking growth prospects for the smart kitchen appliances market.

The residential segment acquired the largest market share in 2020. The increasing popularity of cooking due to the higher awareness created by popular cooking shows that are telecasted on TV is developing more interest among the customers for cooking and thus, surging the demand for high-end smart kitchen appliances.

The North America market dominated the Global Smart Kitchen Appliances Market by Region in 2020. The Europe market is experiencing a CAGR of 16.9% during (2021 - 2027). Additionally, The Asia Pacific market is estimated to grow at the highest CAGR of 18.7% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/smart-kitchen-appliances-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BSH HausgerÄte GmbH, Whirlpool Corporation, Miele & Cie. KG, LG Electronics, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Koninklijke Philips N.V., GE Appliances, a Haier Company, Electrolux AB, and Daewoo Electronics Corporation.

Global Smart Kitchen Appliances Market Segmentation

By Product

• Smart Refrigerators
• Smart Cookware and Cooktops
• Smart Ovens
• Smart Dishwashers,
• Other Products

By Application

• Residential
• Commercial

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• BSH Hausgeräte GmbH
• Whirlpool Corporation
• Miele & Cie. KG
• LG Electronics, Inc.
• Samsung Electronics Co., Ltd. (Samsung Group)
• Panasonic Corporation
• Koninklijke Philips N.V.
• GE Appliances, a Haier Company
• Electrolux AB

Related Reports:

North America Smart Kitchen Appliances Market Size to 2027

• November-2021
• 84 Pages

LAMEA Smart Kitchen Appliances Market Size & Forecast 2027

• November-2021
• 89 Pages

Europe Smart Kitchen Appliances Market Size & Analysis, 2027

• November-2021
• 89 Pages

Asia Pacific Smart Kitchen Appliances Market Size Report, 2027

• November-2021
• 91 Pages