PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1477911
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1477911
IoT Kitchen System Market Size - By Product Type, By Technology, By Application & Forecast, 2024 - 2032
Global IoT Kitchen System Market Size will grow at 15% CAGR during 2024-2032, driven by increasing adoption of Internet of Things (IoT) solutions, rising consumer demand for convenience, efficiency, and connectivity in kitchen appliances, and a surge in demand for smart home technologies.
With the advent of smart home ecosystems, consumers are embracing connected devices to enhance convenience, efficiency, and overall lifestyle quality. For instance, as per Hippo, an estimated one in four adults use voice commands like "Hey Google, set a timer for 15 minutes" or "Alexa, turn on the living room lights" daily, indicating increasing usage of smart appliances. Smart kitchen appliances integrated with IoT capabilities offer users remote access and control features, allowing them to monitor and manage their kitchen activities from anywhere via smartphones or other smart devices. This is driven by the growing preference for seamless connectivity and automation in daily tasks, enabling users to save time and effort while ensuring optimal performance and energy efficiency in their kitchens.
The IoT Kitchen System Market is classified based on product type, technology, application, and region.
The smart food management systems segment will grow substantially by 2032 as these solutions leverage IoT technology to optimize food storage, inventory management, and meal planning processes. By utilizing sensors and data analytics, Smart Food Management Systems enable users to track food freshness, minimize waste, and plan meals based on inventory levels and dietary preferences.
The IoT Kitchen System Market Share from the residential segment will gain traction by 2032, as smart appliances and connected devices are gaining traction among homeowners seeking to modernize their kitchens and enhance convenience. IoT-enabled kitchen appliances, such as smart refrigerators with built-in cameras and inventory tracking features, offer consumers real-time insights into their food supplies and shopping needs. Additionally, smart cooking devices, such as sous vide machines and multicookers, enable precise temperature control and automated cooking functions, making meal preparation easier and more efficient for busy households.
Asia Pacific IoT Kitchen Systems Market will grow substantially by 2032, fueled by rapid urbanization and changing consumer lifestyles. Countries such as China, Japan, and South Korea are witnessing a surge in demand for IoT-enabled kitchen appliances, driven by rising disposable income levels and increasing emphasis on convenience and efficiency in household chores. Furthermore, government initiatives promoting smart city development and sustainable living practices could further propel market growth in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Profit margin analysis
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Increasing demand for convenience and automation
- 3.7.1.2 Growing awareness of the benefits of IoT kitchen systems
- 3.7.1.3 Technological advancements
- 3.7.1.4 Rise of smart homes
- 3.7.1.5 Increasing disposable income
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Interoperability issues
- 3.7.2.2 Security and privacy concerns
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2018-2032 (USD Million)
- 5.1 Key trends
- 5.2 Smart appliances
- 5.2.1 Refrigerators
- 5.2.2 Dishwashers
- 5.2.3 Smart cookware & cooktops
- 5.2.4 Others
- 5.3 Smart countertops and cabinets
- 5.4 Smart food management systems
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Technology, 2018-2032 (USD Million)
- 6.1 Key trends
- 6.2 Connectivity
- 6.3 Monitoring
- 6.4 Voice-assistant devices
- 6.5 Sensors
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 (USD Million)
- 7.1 Key trends
- 7.2 Residential kitchens
- 7.3 Commercial kitchens
- 7.4 Institutional kitchens
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Samsung Electronics Co., Ltd.
- 9.2 Panasonic Corporation
- 9.3 LG Electronics Inc.
- 9.4 The Middleby Corporation
- 9.5 Electrolux AB
- 9.6 Whirlpool Corporation
- 9.7 Haier Group
- 9.8 BSH Hausgeräte GmbH
- 9.9 Hindware Appliances
- 9.10 NXP Semiconductors
- 9.11 Faststream Technologies
- 9.12 Tuya Inc.
