North America & Europe Smart Kitchen Appliances Market Global Industry Analysis, Market Size, Opportunities And Forecast To 2030
The MRFR analysis reports suggest that the North America & Europe Smart Kitchen Appliances Market Size is estimated to cross over USD 289.2 Billion in the North American region and USD 5595.05 Million across the European region by the end of 2030.
Smart kitchens are generally connected to something connected via IoT (Internet of Things) technology, Wi-Fi, or Bluetooth. As the smart kitchen connects to each other, it's easy to operate remotely using a phone app or a smart home platform like Google Assistant or Amazon Alexa. The smart kitchen appliances include blenders, coffee makers, microwaves, ovens, and refrigerators. The North America & Europe smart kitchen appliances market has witnessed a massive surge in the last few years. The market's growth is mainly attributed to the changes in living standards around the world. Furthermore, the increasing interest in smart connected home appliances, demand for energy-efficient appliances, and constant technological evolution are also projected to positively impact the market's growth over the coming years.
Segment Analysis
The North America & Europe smart kitchen appliances market has been fragmented into various segments based on technology, application, distribution channel, product type, and region.
Based on product type, the North America & Europe smart kitchen appliances market is split into the intelligent pan, thermomix, crockpot, smart weighing scale, instant pot, smart ovens, combination ovens, and others.
The North America & Europe smart kitchen appliances market is split into commercial and residential based on application.
The North America & Europe smart kitchen appliances market is divided into wireless censor networks, Bluetooth, RFID, and others based on technology type.
The North America & Europe smart kitchen appliances market is split into non-store-based and store-based channels based on the distribution channel.
Regional Analysis
The study of the smart kitchen appliances market across the European and American regions includes the study of the market in terms of sales, revenue, growth drivers, etc.
As per the MRFR analysis, the North American regional market is anticipated to secure the leading position in the North America & Europe smart kitchen appliances market over the forecasted era. The regional market is likely to exhibit a healthy CAGR of approximately 18.08% by the end of 2023. The regional market is projected to acquire a size of over USD 5906.78 million by the end of 2023. The major aspect causing an upsurge in the regional market's growth is the availability of a wide range of smart kitchen appliances. Furthermore, the factors such as the growing focus on R & D and convenient usage of smart kitchen appliances are also projected to catalyze the regional market's growth over the coming years.
The European region is projected to exhibit a healthy CAGR of over 6.1% over the assessment era. The regional market is likely to acquire a valuation of over USD 5595.05 million by 2023. The regional market's growth is primarily attributed to the growing consumer inclination toward adopting advanced technology in everyday life.
Competitive Analysis
The North America & Europe smart kitchen appliances market has prominent leaders such as Etekcity Corporation, Breville Group Ltd., Lakeland Limited, AB Electrolux, Hestan Cue, Inc., Hamilton Beach Brands, Inc., Vorwerk Elektrowerke GmbH & Co. KG, Robert Bosch GmbH, Tovala, Samsung Electronics Co., Ltd., and Whirlpool Corp. among several others.
Recent Developments
· April 2022- the world leader in Interior Functionality, Hafele, has announced the launch of a new communication strategy to redefine its position as a "Lifestyle brand" that can bring ease, flexibility, creativity, and convenience to homes. Hafele products offer future readiness, flexibility, novelty, and experience to various spaces in any home.
· January 2022- Whirlpool, a prominent player in-home convenience appliance, has announced its smart appliances are getting better-connected upgrades over time, starting with the brand-new Air Fry Mode, which will allow consumers to care for their families in new and innovative ways.
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