What is Connected Kitchen Appliances Market?
Connected kitchen appliances are the devices that can easily communicate with the tablets or smartphones that further allows the users to control all the appliances remotely. These devices can also hereby communicate with the smart grid, by responding to the utility signals that deliver the consumers with reminders so as to use these appliances during the off-peak periods. In the connected kitchen appliances ecosystem, the smart homes, as well as the smart kitchen appliances, play a very crucial role. The highly innovative and connected kitchen appliances are very eco-friendly, having a highly user-friendly interface, and are also very energy-efficient, which easily attracts the customers to purchase it. Moreover, the rising disposable income as well as the growing purchasing power is hereby making the customers proficient enough so as to increase their spending on the premium connected kitchen appliances, which henceforth increases its demand and also drives the market. Moreover, the increased adoption of modular kitchen is also positively impacting the globally connected kitchen appliance market. The acceptance of the modular kitchen is growing very swiftly due to the improving living standards as well as the rising expenditure by the population on the household infrastructure. Customers presently prefer connected kitchen appliances which require very minimal space and also provide an attractive look to the modular kitchen. Likewise, the growing demand for some premium innovative appliances together with the increased implementation of modular kitchen is, therefore, driving the connected kitchen appliance market growth.
The market study is being classified by Type (Smart Refrigerator, Smart Cookers, Smart Kitchen Hoods and Others), by Application (Commercial Use and Home Use) and major geographies with country level break-up.
Whirlpool Corporation (United States), Electrolux (Sweden), General Electric Co. (United States), Samsung Electronics (South Korea), Koninklijke Phillips N.V. (Netherlands), LG Electronics (South Korea), Haier Group (China), BSH Hausgeräte (Germany), Miele & Cie KG (Germany), Panasonic (Japan), Hangzhou Robam Appliances (China) and Behmor Inc. (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asia Pacific Players will contribute to the maximum growth of Global Connected Kitchen Appliances market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Connected Kitchen Appliances market by Type, Application and Region.
On the basis of geography, the market of Connected Kitchen Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Disposable Income and Growing Purchasing Power Is Making Customers
- Rising Demand of Advanced Smart Home Equipment in Urban Areas
- The Increased Adoption of Modular Kitchen Is Positively Impacting the Global Connected Kitchen Appliance Market
- Innovative and Connected Kitchen Appliances That Are Eco-Friendly, Having A User-Friendly Interface, And Are Energy-Efficient Attracts Customers
- Traditional Appliances Are Available In Urban and Rural Market with a Lower Price
- Cost of Connected Kitchen Appliances Are Very High
- Key Players Are Invest On Research & Development Activities to Launch Energy Efficient Products
- Increasing Penetration of Modern Kitchens with IoT Enabled Appliances and Improved Kitchenware Services
- Unavailability of Connected Kitchen Appliances in Under Developed Regions
Key Target AudienceService Providers of Connected Kitchen Appliances, Suppliers and Distributors of Connected Kitchen Appliances, End-Users, Potential Investors, Market Research Firms and Others
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