Smart Kitchen Appliances Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global smart kitchen appliances market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the smart kitchen appliances market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global smart kitchen appliances market is forecast to expand at a CAGR of 8.4% and thereby increase from a value of US$1.8 Bn in 2023, to US$3.2 Bn by the end of 2030.

Key Insights:

Smart Kitchen Appliances Market Size (2023E): US$1.8 Bn

Projected Market Value (2030F): US$3.2 Bn

Global Market Growth Rate (CAGR 2023 to 2030): 8.4%

Historical Market Growth Rate (CAGR 2018 to 2022): 7.9%

Smart Kitchen Appliances Market- Report Scope:

Smart kitchen appliances, leveraging IoT technology, enhance kitchen efficiency through connectivity and automation. Examples include intelligent refrigerators, furnaces, coffee makers, and cooking assistants controlled via smartphones or voice commands. These appliances streamline tasks, optimize resource use, and offer data analytics, automation, and energy efficiency. The market is driven by rising consumer demand for connected solutions, energy-efficient appliances, IoT advancements, and the growth of smart residences. Manufacturers focus on innovation to improve functionalities and interoperability, creating a competitive landscape. The market is poised for further growth with the increasing adoption of smart home ecosystems and consumer interest in modernizing their kitchen experiences.

Market Growth Drivers:

The smart kitchen appliances market is driven by the rising adoption of smart home technology and the demand for appliances that seamlessly integrate into interconnected living spaces. IoT-enabled appliances allow remote control, aligning with the trend of home automation. Consumer interest in a connected lifestyle, where devices are operated via voice commands or smartphones, is pushing manufacturers to innovate.

Additionally, sustainability and energy efficiency concerns contribute significantly to the market's growth. Environmentally conscious consumers seek appliances that not only enhance convenience but also reduce energy consumption and waste. Smart kitchen appliances with energy monitoring capabilities support a more sustainable lifestyle, aligning with the global trend towards eco-friendly living. The demand for energy-efficient solutions is expected to further drive market expansion.

Market Restraints:

The high upfront costs of smart kitchen appliances pose a significant challenge to market growth, limiting adoption due to affordability concerns among consumers. Additionally, the dependence on a reliable internet connection may further restrict market penetration.

Another obstacle is the lack of standardized communication protocols and interoperability. The presence of diverse devices from different manufacturers operating on various platforms creates integration challenges. Establishing a universal interoperability standard is crucial to enhance user experience, allowing seamless integration of smart appliances into kitchen ecosystems without compatibility issues, promoting broader and more effective adoption of these technologies.

Market Opportunities:

The integration of AI in smart kitchen appliances enhances culinary processes by analyzing user preferences and offering personalized recipes, optimizing the cooking experience. Manufacturers can establish leadership by creating AI-driven appliances that provide intuitive and customized features.

Furthermore, the expansion of smart home ecosystems presents an opportunity for smart kitchen appliance manufacturers to integrate seamlessly into interconnected home automation. By creating devices compatible with voice assistants, home security systems, and other smart home technologies, manufacturers can broaden their product range and offer customers a unified and integrated smart living experience.

Key Questions Answered in the Report:

What are the key factors driving the growth of the smart kitchen appliances market?
Which industry verticals are driving the demand for smart kitchen appliances?
How are technological advancements reshaping the competitive landscape of the smart kitchen appliances market?
Who are the leading players in the global Smart Kitchen Appliances Market?
What are the emerging trends and future prospects in the global smart kitchen appliances market?

Competitive Intelligence and Business Strategy:

The smart kitchen appliances market is highly competitive, with major players focusing on continuous innovation to maintain a competitive edge. This involves integrating advanced features and ensuring seamless connectivity within smart kitchen ecosystems. Strategic alliances and collaborations with technology firms are common, leveraging expertise in connectivity solutions and software development. Market participants are expanding globally through acquisitions and expansions, targeting untapped markets and enhancing product portfolios. Customer experience and brand loyalty are key focuses, driving investment in customer support, user education, and after-sales services. As the market matures, adaptability to changing technology and consumer demands will be crucial for sustained success.

Key Companies Profiled:
Whirlpool Corporation
LG Electronics
Electrolux AB

Samsung Electronics Co., Ltd.

Haier Group
Panasonic Corporation
BSH Hausgerate GmbH
Breville.
Miele & Cie. KG
Dongbu Daewoo Electronics

Smart Kitchen Appliances Market Segmentation:

By Applications:
Smart Refrigerator
Smart Coffee Maker
Smart Dishwasher
Smart Cookware & Cooktop
Smart Oven
Other Appliances
By Connectivity Technology:
Bluetooth
Wi-Fi
NFC
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33630

1. Executive Summary

1.1. Global Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Applications Lifecycle Analysis
2.4. Smart Kitchen Appliances Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of End-users
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Applications Landscape

3. Global Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Smart Kitchen Appliances Market Outlook: Applications
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Applications, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
  - 3.3.3.1. Smart Refrigirator
  - 3.3.3.2. Smart Coffee Maker
  - 3.3.3.3. Smart Dishwasher
  - 3.3.3.4. Smart Cookware & Cooktop
  - 3.3.3.5. Smart Oven
  - 3.3.3.6. Other Appliances
3.4. Market Attractiveness Analysis: Applications
3.5. Global Smart Kitchen Appliances Market Outlook: Connectivity Technology
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Connectivity Technology, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
  - 3.5.3.1. Bluetooth
  - 3.5.3.2. Wi-Fi
  - 3.5.3.3. NFC
  - 3.5.3.4. Others
3.6. Market Attractiveness Analysis: Connectivity Technology

4. Global Smart Kitchen Appliances Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Applications
- 5.3.3. By Connectivity Technology
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
- 5.5.1. Smart Refrigirator
- 5.5.2. Smart Coffee Maker
- 5.5.3. Smart Dishwasher
- 5.5.4. Smart Cookware & Cooktop
- 5.5.5. Smart Oven
- 5.5.6. Other Appliances
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 5.6.1. Bluetooth
- 5.6.2. Wi-Fi
- 5.6.3. NFC
- 5.6.4. Others
5.7. Market Attractiveness Analysis

6. Europe Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Applications
- 6.3.3. By Connectivity Technology
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
- 6.5.1. Smart Refrigirator
- 6.5.2. Smart Coffee Maker
- 6.5.3. Smart Dishwasher
- 6.5.4. Smart Cookware & Cooktop
- 6.5.5. Smart Oven
- 6.5.6. Other Appliances
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 6.6.1. Bluetooth
- 6.6.2. Wi-Fi
- 6.6.3. NFC
- 6.6.4. Others
6.7. Market Attractiveness Analysis

7. East Asia Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Applications
- 7.3.3. By Connectivity Technology
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
- 7.5.1. Smart Refrigirator
- 7.5.2. Smart Coffee Maker
- 7.5.3. Smart Dishwasher
- 7.5.4. Smart Cookware & Cooktop
- 7.5.5. Smart Oven
- 7.5.6. Other Appliances
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 7.6.1. Bluetooth
- 7.6.2. Wi-Fi
- 7.6.3. NFC
- 7.6.4. Others
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Applications
- 8.3.3. By Connectivity Technology
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
- 8.5.1. Smart Refrigirator
- 8.5.2. Smart Coffee Maker
- 8.5.3. Smart Dishwasher
- 8.5.4. Smart Cookware & Cooktop
- 8.5.5. Smart Oven
- 8.5.6. Other Appliances
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 8.6.1. Bluetooth
- 8.6.2. Wi-Fi
- 8.6.3. NFC
- 8.6.4. Others
8.7. Market Attractiveness Analysis

9. Latin America Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Applications
- 9.3.3. By Connectivity Technology
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Component, 2023 - 2030
- 9.5.1. Smart Refrigirator
- 9.5.2. Smart Coffee Maker
- 9.5.3. Smart Dishwasher
- 9.5.4. Smart Cookware & Cooktop
- 9.5.5. Smart Oven
- 9.5.6. Other Appliances
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 9.6.1. Bluetooth
- 9.6.2. Wi-Fi
- 9.6.3. NFC
- 9.6.4. Others
9.7. Market Attractiveness Analysis

10. Middle East & Africa Smart Kitchen Appliances Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Applications
- 10.3.3. By Connectivity Technology
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Applications, 2023 - 2030
- 10.5.1. Smart Refrigirator
- 10.5.2. Smart Coffee Maker
- 10.5.3. Smart Dishwasher
- 10.5.4. Smart Cookware & Cooktop
- 10.5.5. Smart Oven
- 10.5.6. Other Appliances
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Technology, 2023 - 2030
- 10.6.1. Bluetooth
- 10.6.2. Wi-Fi
- 10.6.3. NFC
- 10.6.4. Others
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Whirlpool Corporation
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. LG Electronics
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Electrolux AB
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Samsung Electronics Co., Ltd.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Haier Group
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Panasonic Corporation
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. BSH Hausgerate GmbH
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Breville.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Miele & Cie. KG
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Dongbu Daewoo Electronics
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations