Smart Kitchen Appliances Market Size Poised To Reach USD 60.20 Billion By 2030

 San Francisco, 5 July 2023: The Report Smart Kitchen Appliances Market Size, Share & Trends Analysis Report By Product (Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Oven, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

The global smart kitchen appliances market size is expected to reach USD 60.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.3% from 2023 to 2030. The market's main development drivers include factors like rising demand for smart sensors and energy efficiency, increasing home kitchen renovation and reconstruction, a consumer shift toward making homes more technologically advanced with AI assistance, and rising disposable income.

Technological advancements and the growing demand for smart homes have been significantly driving the smart kitchen appliances industry. For instance, the smart home concept helps detect a leak in the pipes with a detection tool, which triggers an alert if there is a leak with the help of sensor-based technologies installed in the appliances. With the growing number of young people purchasing homes, there has been a gradual shift from traditional kitchen fittings to the adoption of smart kitchen appliances with new technology like touchscreens, voice control, Wi-Fi, sensors, and anti-fingerprint coatings in kitchen appliances. Moreover, the growing popularity of smart homes, which combine elegance and convenience, is driving the demand for smart kitchen appliances.

Additionally, smart appliances are not only connected to Wi-Fi or sensor-enabled but also focus on energy consumption and its efficiency through smart meters.For instance, dishwashers with heat pumps consume less energy such as Winning Appliances, V-ZUG Ltd, and many others. These have lately been included in a dishwasher that is sold commercially and is available in the Swiss market. To better manage the electrical grid and reduce the need for backup generators, time-of-use control on some of the larger appliances might be used as a distributed resource.

The materials that are used to make home appliances have changed over time. The two most important developments are the replacement of steel with more plastic and the shift from electronic to mechanical controls. Additionally, important trends influence product design, material utilization, and advancements in recycling technologies and procedures, such as appliances becoming smarter, interactive, and frequently multifunctional.

Consumers focus on making the kitchen the focal point in their homes, leading to renovation and decoration in kitchens following current trends and products. Consumer’s need for technological advancements, coupled with shifting social dynamics, has fueled the growth of smart kitchen appliances. In addition, the growing culture of avid cooks, seasoned hosts, and busy families encourages consumers to invest in smart kitchen appliances for greater convenience and hassle-free cooking.

Access Research Report of Smart Kitchen Appliances Market @ https://www.grandviewresearch.com/industry-analysis/smart-kitchen-appliances-market

Smart Kitchen Appliances Market Report Highlights

• The smart refrigerators segment held a significant share in 2022, owing to new product launches, improving technological interfaces, the popularity of sensors that can identify what is inside and keep track of supply, and the need for optimal food management in the commercial and residential sectors
• With growing interest in cooking especially by millennials and the younger population, the popularity of cooking shows, along with rising travel and tourism and increasing consumer interest in various cooking styles and multi-cuisine meals are major factors pushing the residential application segment. In response, key players in the market are launching advanced kitchen appliances that cater to consumers’ varied requirements
• Consumers in North America are continuously opting forsmart kitchen appliances. As a result of the region's growing number of restaurants, bars, and hotels, North America is a promising market for smart kitchen appliances. With several high-end hotels offering world-class services and exquisite kitchen fittings, North America is a major region for the smart kitchen appliances industry

Smart Kitchen Appliances Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 18.75 billion
Revenue forecast in 2030	USD 60.20 billion
Growth rate	CAGR of 18.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

List of Key Players in the Smart Kitchen Appliances Market

• Whirlpool Corporation
• LG Electronics
• Electrolux AB
• Samsung Electronics Co., Ltd.
• Haier Group
• Panasonic Corporation
• BSH Hausgerate GmbH
• Miele & Cie. KG
• Dongbu Daewoo Electronics

Access Press Release of Smart Kitchen Appliances Market @ https://www.grandviewresearch.com/press-release/global-smart-kitchen-appliances-market